Forget Tiffany & Co., Signet Is the Jeweler to Watch in 2020

Shares of Tiffany & Co. (NYSE: TIF) soared in late 2019 after the American jeweler agreed to LVMH's (OTC: LVMUY) takeover bid of $16.2 billion. But with Tiffany's stock now trading near LVMH's offer of $135 per share, there's no real reason for investors to start fresh positions.

Instead, investors seeking a promising jewelry play should take a closer look at Tiffany's smaller industry peer Signet Jewelers (NYSE: SIG), which recently popped after reporting surprisingly robust holiday sales and fourth-quarter guidance.

Image source: Getty Images.

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Source Fool.com