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 financial services broker BGC Partners
So what: CEO Howard Lutnick made an appearance on CNBC's Fast Money just before that spike. Investors clearly ate that appearance up.
Now what: Lutnick used that airtime to argue that small financial firms like BGC are positioned to beat larger rivals because of a lower exposure to risky assets like mortgage-backed securities and risky loans. He also aimed a spotlight at his 9% dividend, which is about twice the yield offered by closest competitor GFI Group
Interested in more info on BGC Partners? Add it to your watchlist.