By
Tim Beyers
|
More Articles
November 30, 2011
|
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 boiler manufacturer Babcock & Wilcox (NYSE: BWC ) rose more than 10% in early trading after the Environmental Protection Agency said it would propose a rule for reducing mercury, lead, and soot in boilers and incinerators.
So what: The EPA and green groups are positioning the rule as a cost-saving measure, claiming it could reduce health-care costs related to harmful emissions. Babcock & Wilcox could benefit as a manufacturer of cleaner boilers, Bloomberg reported.
Now what: If that seems a stretch, you're not alone in thinking that. Babcock & Wilcox's early surge moderated to a mere 1% gain on a day when the Dow Jones Industrial Average (INDEX: ^DJI ) rose more than 4%. Where do you stand? Would you buy shares of Babcock & Wilcox at current prices? Please weigh in using the comments box below.
Interested in more information about Babcock & Wilcox? Add it to your watchlist.