Korn/Ferry Shares Jumped: What You Need to Know

Anders Bylund, The Motley Fool

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 executive recruiter Korn/Ferry (NYS: KFY) jumped as high as 11.1% on average trading volume.

So what: A global consortium of central banks has come together with a plan to ease sovereign debt troubles and relieve the strain they're placing on local economies and private business. If businesses start hiring instead of firing, Korn/Ferry and sector rivals would see a golden age.

Now what: Other jumpers (up, not off the ledge) today include Heidrick & Struggles (NAS: HSII) , ManpowerGroup (NYS: MAN) , and Robert Half International (NYS: RHI) . An equal-weighted portfolio made up of these stocks would have lost 16% over the last year while the Dow Jones Industrial Index (INDEX: ^DJI) gained 8%, but they're jumping twice as high as the Dow today. You can see the talent-search specialists as an easy-to-read proxy for the job market's prospects -- and right now, the patient might be on the mend.

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At the time thisarticle was published

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