Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
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 service provider EnergySolutions (NYSE: ES ) jumped 13% on speculation the company will gain business from Japan's nuclear crisis.
So what: Today actually started with a slight dip, but when EnergySolutions was mentioned on CNBC's Fast Money Halftime Report, traders went crazy. As a result, volume is nearly five times the three-month average, with much of it centered on 1:00 p.m. Eastern time.
Now what: EnergySolutions has actually been falling since the nuclear issues began in Japan, and as much as I hate to say it (closing my eyes), I agree with Fast Money. At the very least, the sell-off seemed overdone based on possible contract wins in the short term. With all of that said, I am hesitant to buy this move today. Traders came in fast, and they may leave just as quickly after the pop.
Interested in more info on EnergySolutions? Add it to your watchlist.