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 billboard guru Clear Channel Outdoor
So what: Or perhaps the signal isn't all that clear: An early jump on terrific second-quarter results was followed by a rapid retreat after the customary analyst call, and Clear Channel is actually trading just 3% higher as of this writing. And the stock was exploring 52-week lows to begin with.
Now what: The traditional advertising industry is suffering as a whole. A basket of sector stocks including Clear Channel, Lamar Advertising
Interested in more info on Clear Channel Outdoor? Add it to your watchlist.