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 industrial automation expert Brooks Automation
So what: Last night's third-quarter report matched analyst estimates. Two firms upgraded the stock, citing improved performance and a belief that stock prices were hitting rock bottom and due for a bounce.
Now what: Of course, the market threw ice-cold water on those optimistic assessments with another batch of macroeconomic fears. And on a day where the largest overnight drop come from semiconductor maker Brocade Communications Systems
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