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 office supply retailer OfficeMax
So what: The fourth-quarter earnings report looked just fine, beating analyst estimates on the bottom line and staying close to Wall Street targets in terms of revenue. The problem lies in guidance, where OfficeMax cautioned that lots of promotions will combine with a perennially unpredictable economy to put pressure on sales and margins in 2011.
Now what: The report also dragged rivals Staples
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