Inside Wall Street: Tiffany looks like a gem of a stock

Looking for a holiday bargain? Think Tiffany (TIF). Shares of Tiffany, to be precise. Yes, this global leader in high-end jewelry is one bargain you shouldn't miss.

With the weakened economy, you would think the stock of the No. 1 designer, maker and retailer of diamonds and other pricey gifts such as rings and watches, would be doing poorly. Indeed, it did do miserably -- last year and in the first half of this year. But the outlook for Tiffany's business in 2009's fourth quarter and for all of 2010 has brightened, promising to be one of the bang-up surprises in retail, assert some pros.