Cree Shares Popped: What You Need to Know

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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 Cree (NAS: CREE) , a specialist manufacturer of LED lighting materials, rose more than 10% in early trading before closing up just under 5%.

So what: Far as I can tell, there were no material events lifting Cree's stock today. But comments from Evan Bauman, portfolio manager of the Legg Mason ClearBridge Aggressive Growth Fund, may have had an impact.

Now what:  In an interview, Bauman told TheStreet.com's Gregg Greenberg  that a global shift away from incandescent lighting toward LED alternatives is just getting under way and that Cree -- whose chips and lighting components are widely used -- stands to reap the windfall. Do you agree? Disagree? Let us know what you think using the comments box below.

Interested in more info on Cree?Add it to your watchlist.

At the time this article was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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