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 semiconductor equipment company Nanometrics
So what: Though Intel's
Now what: Even after today's gain, Nanometrics' stock is trading at just 10 times expected 2011 earnings per share, so obviously investors don't exactly have soaring expectations for the company. I'm rarely keen on trying to chase a massive move like the one in Nanometrics' stock today, but this could be a company for investors to keep an eye on as they look for ways to benefit from increased capital spending in the semiconductor arena.
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