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 optical components manufacturer Fabrinet
So what: Analyst firms Stifel Nicolaus and Morgan Stanley just downgraded Fabrinet from buy to hold. We don't have any detail on the reasons for these harmonized hits, but Fabrinet recently said that floods in Thailand are having a material impact on operations in that crucial manufacturing space; the downgrades are likely reactions to the bad news.
Now what: Just when you thought no company could suffer as much from the Thai disaster as hard drive maker Western Digital
- Add Fabrinet to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies mentioned. The Motley Fool owns shares of Western Digital and II-VI. Motley Fool newsletter services have recommended buying shares of II-VI. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.