Jones Lang LaSalle Shares Popped: What You Need to Know

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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 global real estate manager Jones Lang LaSalle (NYSE: JLL  ) were hopping today, gaining as much as 11% after a key competitor announced solid quarterly earnings.

So what: When you're one of the two largest players in your market and your chief competitor announces solid numbers, that could be good news for you as well -- emphasis on "could."

Today, fellow real estate services giant CBRE Group (NYSE: CBG  ) reported better-than-expected revenue along with in-line earnings for the third quarter. With Jones Lang LaSalle set to report its earnings Wednesday, investors are obviously taking CBRE's results as a sign that JLL's numbers will look good as well. Since it was a less-than-accommodative environment in the third quarter, though, CBRE's results came through solid execution, so there's no guarantee that JLL's quarter was quite as rosy.

Now what: Don't get me wrong, there's hope to be gained from CBRE's earnings release. However, Jones Lang LaSalle investors may want to hold their celebration until next week when we see how the bottom line actually shook out rather than speculating on whether it was able to match its rival.

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The Motley Fool owns shares of Jones Lang LaSalle. Motley Fool newsletter services have recommended buying shares of Jones Lang LaSalle. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.

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Related Tickers

10/25/2016 12:00 PM
JLL $102.89 Down -1.41 -1.35%
Jones Lang LaSalle CAPS Rating: *****
CBG $27.76 Down -0.54 -1.91%
CBRE Group CAPS Rating: ****