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 nuclear power expert Babcock & Wilcox
So what: For those that were hoping for a "nuclear renaissance," the unfolding events in Japan are dimming those hopes considerably. For a company like Babcock & Wilcox -- which specializes in power generation plants, including nuclear sites -- newly stirred-up fears about nuclear power could be a business setback. Of course it wasn't the only stock taking it on the chin over similar concerns as GE
Now what: As today's trading session wore on, investors appeared to reconsider the concerns over Babcock & Wilcox and, as of this writing, the stock was all the way back to even on the day. There could be some sense that worst-case-scenario fears are overblown or that B&W could capture other business opportunities -- such as nuclear-site assessments or construction of new fossil fuel stations -- as this shakes out.
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