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 Rockwell Automation
So what: Driven largely by strong emerging-market demand, the automation specialist said its first-quarter profit nearly doubled to $1.04 per share, versus the average analyst estimate of just $0.88 per share. According to Chairman and CEO Keith Nosbusch, the company's "strong revenue performance in the first quarter, along with positive macroeconomic trends and forecasts, indicates that the global industrial recovery is continuing."
Now what: Rockwell might still be worth looking into. The shares are surging right now, but when you factor in management's full-year guidance boost, Rockwell's forward P/E is still roughly in line with that of industrial foes ABB
Interested in more info on Rockwell? Add it to your watchlist.
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Emerson Electric is a Motley Fool Income Investor choice. Try any of our Foolish newsletter services free for 30 days.
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