Saxo Group Videos

Berger: Tiffany sparkles despite dollar gloom

Although overseas earnings for US luxury goods retailer Tiffany & Co will be hit by a stronger USD, Serge Berger believes with 50% of sales in the US the firm could perform better than many analysts predict.

Serge takes us through his trade and explains why he's taking the opposite side of the FX hit debate. He argues that the charts show that the stock is still holding its multi-year up-trend line and says that "is just one reason why a better bounce attempt here could make sense."

Entry: Serge is buying the CFD at USD 89.50 or higher.

Stop: USD 85.70.

Target: USD 95.50.

Time horizon: 2-4 weeks.

01:15 minutes
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