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: The retail sector stayed hot today as shares of Guess?
So what: Revenue grew 17% to $613.9 million and earnings rose to $69.1 million, or $0.75 per share, both crushing analyst estimates. The company's guidance also topped expectations at $710 million to $730 million in revenue and $1.02 to $1.06 in earnings per share, pushing Credit Suisse to increase estimates through 2012.
Now what: After yesterday's buyout of J. Crew
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.
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