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.
So what: Goldman Sachs cut its rating on the stock this morning to neutral from buy. That exacerbated a broad market sell-off that took the S&P Retail Index down more than 4% intraday.
Now what: Last week the stock popped as much as 22% in intraday trading after reporting much better-than-expected earnings. Looking at the bigger picture, the company has been grappling with weakened demand and increased competition from Staples
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