Quiksilver Shares Popped: What You Need to Know (AEO, HOTT, ZQK)

Quiksilver Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Quiksilver (NYSE: ZQK ) jumped 10% today on word that an analyst was expecting the ouster of the company's CEO.

So what: Wall Street Strategies analyst Brian Sozzi started the fervor today by speculating that a handful of CEOs in retail were on their way out this year. Hot Topic (Nasdaq: HOTT ) and American Eagle Outfitters (NYSE: AEO ) were among five companies on Sozzi's list, but Quiksilver is the only stock reacting with a big move today.

Now what: In my eyes, this move looks pretty speculative no matter how badly you want Bob McKnight to step down as CEO. His bloated $3.7 million in salary and bonus combined with the Rossignol fiasco may eventually lead to his ouster, but for now he still runs the company. Until I hear solid word of a change in management, I am going to leave this stock bump alone.

Interested in more info on Quiksilver? Add it to your watchlist.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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