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What: Shares of glassware maker Owens-Illinois
So what: Management just lowered expectations for the second quarter, from flat year over year to a 3%-6% drop in operating profits. Higher costs are overwhelming a rise of as much as 10% in global shipments, and it doesn't help that manufacturing has become more expensive in certain regions as well.
Now what: Owens-Illinois provides bottles and jars for everybody from soft-drink giant PepsiCo
Interested in more info on Owens-Illinois? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. The Motley Fool owns shares of PepsiCo and Diageo. Motley Fool newsletter services have recommended buying shares of PepsiCo, H.J. Heinz, and Diageo, as well as creating a diagonal call position in PepsiCo. Try any of our Foolish newsletter services free for 30 days. 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.