On Tuesday's MarketFoolery, host Chris Hill and Motley Fool Funds analyst Bill Mann answer an email about the National Oilwell Varco (NYSE:NOV) spinoff. The email asks, "Could you guys please talk about how one should handle the new DNOW investment I'm not part of?"

Chris says the surprising part is that National Oilwell Varco CEO Pete Miller will be moving with the spinoff. Bill, meanwhile, doesn't think investors need to worry about the stock price over the short term, because of institutional shareholders that have certain mandates. Bill dives into what investors should take away from Miller's move with the spinoff, and Chris agrees, but he also considers the homework for investors and the reasons to hold or to not hold on to the spinoff stocks. 

Bill Mann has no position in any stocks mentioned. Chris Hill has no position in any stocks mentioned. The Motley Fool recommends National Oilwell Varco. The Motley Fool owns shares of National Oilwell Varco. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.