Tiffany and Gamestop Stand to Benefit from the Rebate Checks

Summer is around the corner. Rebate checks are in the mail. So what are people going to buy with their checks? Walmart is cashing the checks for free. Sears is offerng a 10% match with a purchase of any gift card -- all this to lure enthusiastic shoppers who can't wait to spend their dollars.

But being that it is wedding season (which incidentally also means a season for wedding anniversaries), Tiffany (TIF) will be one of the beneficiaries of this double impact. Now the TIF stock has been having plenty of trouble of late. Technicians will tell you about the double top, followed by a reverse cup-with-handle. Sure, but the underlying reason is a slowing economy, higher food and gas prices, slowing consumer discretionary spending and yes, the rising price of silver. However, precious metals are retreating from their highs. And given the additional foot traffic that th...