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What: Shares of electronics retailer hhgregg (NYSE: HGG) dropped as much as 10.4% in early trading Tuesday.

So what: hhgregg's numbers for the second quarter missed analyst targets and set the stage for a soft third quarter. Citing slowing sales of both appliances and home entertainment systems, management concedes that these are tough times in the retail industry but claims that the company is gaining market share.

Now what: Stealing business from hard-nosed competitors Wal-Mart Stores (NYSE: WMT), Best Buy (NYSE: BBY), and Target (NYSE: TGT) is no mean feat. That potential strength is underscored by the fact that management may have lowered the bottom end of its full-year earnings guidance but left the top end intact. It sounds like the company aims to make up for the autumnal shortfall in the coming quarters.

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Fool contributor Anders Bylund doesn't holda position in any of the companies discussed here. hhgregg and Best Buy are Motley Fool Stock Advisor recommendations. Best Buy and Wal-Mart Stores are Motley Fool Inside Value picks. Wal-Mart Stores is a Motley Fool Global Gains choice. Motley Fool Options has recommended buying calls on Best Buy. The Fool owns shares of Best Buy and Wal-Mart Stores. 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. The Fool is investors writing for investors.