Cutting Through the Noise in Ralph Lauren

Ralph Lauren (RL) was the latest to give investors a wake-up call with its 9% decline Wednesday after it turned fiscal 2014 earnings into a "back-half story." While first-quarter earnings and sales were right in line with expectations, slack second-quarter guidance implies that earnings pressure has moved into the second half of the year.

The stock had been up some 28% year to date, and investors had to draw the line somewhere. It seems that the love fest for retail -- and, yes, even for luxury -- might be hitting a brick wall....360 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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