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 staffing company TrueBlue
So what: Deutsche Bank downgraded TrueBlue to hold today as concerns about a weak economic recovery and employment led it to cut estimates. TrueBlue isn't the only one being beaten up today. Competitors Manpower Group
Now what: Staffing agencies are in a tough position right now as the economy sputters. They provide a valuable service for companies that don't want to go out and hire full-time workers, but if the economy doesn't improve, no one will hire at all. I am going to stay out of these stocks right now; value stocks that pay dividends are a safer way to invest in this uncertain environment.
Interested in more info on TrueBlue? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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