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 thesis.

What: Shares of Fox Factory Holding Corp. (NASDAQ:FOXF) fell as much as 11% after reporting preliminary earnings today but battled back to finish unchanged.

So what: The maker of suspension components for mountain bikes and ATVs said it expected a fourth quarter near the high end of its guidance as it sees sales improving 13% to $65 million, and it sees adjusted per-share profits of $0.14-$0.16. Both figures were better than estimates, but what seemed to spark the brief sell-off was middling guidance from the manufacturer. Fox said it expects revenue between $275 million and $295 million for 2014, and adjusted EPS of $0.79-$0.89, though both were in range with analyst estimates. The Q1 EPS range was also mostly below estimates.

Now what: Despite the morning's drop, shares were back near breakeven by noon, as the report really did not merit such a sell-off. CEO Larry Enterline called the fourth quarter "strong" and said, "As we begin fiscal year 2014, we believe we are well positioned to deliver another year of solid top and bottom-line growth." Based on this report, I see no reason to doubt him.

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