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 fashion-focused watchmaker Fossil (NAS: FOSL) were ticking higher today, gaining as much as 10% in intraday trading after some positive analyst comments.
So what: According to Bloomberg, Brean Murray analyst Eric Beder released some positive notes about Fossil following the company's presentation at the ICR XChange -- an investing conference for investment bankers and institutional investors -- in Miami. In particular, Beder highlighted the company's claim that sales are holding up in Europe and Germany in particular.
Now what: It's certainly a positive sign if Fossil's Europe markets are doing well -- particularly given the economic challenges of that region. Of course investors watching the stock today would be well-advised to do their own homework and come to their own conclusions rather than simply reacting to the notes of a single analyst. Presentation webcasts for the ICR XChange conference are available on the conference's website. At the time of this writing, Fossil's presentation was not available, but I assume it will be added at some point.
Want to keep up to date on Fossil?Add it to your watchlist.
At the time thisarticle was published The Motley Fool owns shares of Fossil. Motley Fool newsletter services have recommended buying shares of Fossil. Motley Fool newsletter services have recommended shorting Fossil. 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.Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.