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 business-class GPS gadget designer Trimble Navigations
So what: As of last night, a wee-long fall had taken a 22% toll on Trimble's value -- until JPMorgan Chase upgraded the stock to a "buy." The upgrade appears to be based on valuation, as Morgan kept its price target on Trimble steady at $53.50.
Now what: Trimble reported decent earnings with a weak outlook a week ago, sending the stock on a downward slide that was exacerbated by a much stronger report from Garmin
Interested in more info on Trimble Navigation? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. Trimble Navigation is a Motley Fool Big Short short-sale recommendation. Alpha Newsletter Account, LLC, has opened a short position on Trimble Navigation. The Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.