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 industrial components and systems manufacturer SPX
So what: SPX just reported third-quarter earnings that were stronger than expected despite slow sales, and the company then tightened next-quarter earnings guidance around the upper half of the existing forecast. Keep in mind that investors approached this report with low expectations, given a 6% price drop on Tuesday amid macroeconomic concerns.
Now what: Rivals FlowServe
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