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 Cobalt International Energy
So what: Goldman Sachs
Now what: I love the irony of adding Cobalt to the Americas Buy List after it was awarded a contract to drill off the coast of Africa, but that's what Goldman did. The rally didn't last long this morning because investors already knew of the Angola news and had priced in the news yesterday. Still, it's nice to get affirmation from a big investment house that your stocks are loved, and I reiterate my position that this could be a long-term catalyst for the company going forward.
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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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