Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
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 Navistar International (NYSE: NAV ) jumped 27% today after announcing earnings and a new CEO.
So what: Navistar reported a 12.4% drop in revenue, to $2.64 billion, which was below the $2.81 billion that Wall Street expected. But the company only reported a $1.42 loss per share, which was $0.23 ahead of estimates, and solidified the opinion that the company is on its way to profitability.
Now what: The thesis for Navistar is that it will soon turn from big losses to a profit, and the appointment of Troy Clarke as CEO is a step on that plan. The company has new products coming out this year, and expects to see share and financial results improve in the second half of this year. The stock is still risky considering the losses, but I think it can continue to move higher as margins improve, and sales begin to pick up.
Interested in more info on Navistar International? Add it to your watchlist by clicking here.