Why Tiffany, BP Prudhoe Bay Royalty Trust, and Ralph Lauren Jumped Today

The stock market had a tumultuous session on Wednesday, as major benchmarks started the day weak but bounced back in the afternoon. Investors weren't happy with the current state of geopolitical uncertainty, with trade disputes threatening to become larger problems than ever. But the release of the minutes of the latest meeting of the Federal Reserve's monetary policy committee convinced many that the central bank will be slow to do lasting damage to the economic expansion, remaining measured in the pace of its interest rate increases.

Moreover, some companies had good news that sent their shares higher. Tiffany (NYSE: TIF), BP Prudhoe Bay Royalty Trust (NYSE: BPT), and Ralph Lauren (NYSE: RL)were among the best performers on the day. Here's why they did so well.