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.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not 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.