By the state of the jobs and housing markets you'd never know the recession officially ended 15 months ago -- but one economic barometer says things are looking up. Luxury retailers tend to be sensitive early cycle stocks, meaning they move in advance of other sectors -- and shares in Tiffany (TIF
), Coach (COH
) and Polo Ralph Lauren (RL
) have been been crushing the broader market for a while.
Shares in all three of these high-end consumer discretionary companies have gained about 70% since the recession ended in June 2009. The S&P 500 ($INX
) is up 20% over the same period. True, all three of these stocks have been good longer term holdings. Whether they're still attractive buys at current levels is in the eye of the investor.
For the bull and bear cases on Tiffany, Coach and Polo Ralph Lauren, see the video below: