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 China-based private educator New Oriental Education & Technology Group
So what: Goldman Sachs not only upgraded the stock to a buy today with a fresh price target of $130 per ADR, but it also added New Oriental to its "conviction buy" list. That much TLC from a well-respected firm can do wonders for a small-cap stock with a light news flow.
Now what: Tim Hanson, co-advisor to our Global Gains newsletter on international investing, warned us six months ago that Chinese education stocks New Oriental, Ambow Education Holding
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