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 Cree
So what: Far as I can tell, there were no material events lifting Cree's stock today. But comments from Evan Bauman, portfolio manager of the Legg Mason ClearBridge Aggressive Growth Fund, may have had an impact.
Now what: In an interview, Bauman told TheStreet.com's Gregg Greenberg that a global shift away from incandescent lighting toward LED alternatives is just getting under way and that Cree -- whose chips and lighting components are widely used -- stands to reap the windfall. Do you agree? Disagree? Let us know what you think using the comments box below.
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Fool contributorTim Beyers is a member of theMotley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdings andFoolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insightsdelivered directly to your RSS reader.
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