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 (NASDAQ: CREE ) were shining brighter today, gaining as much as 15% after getting an upgrade to buy from research firm Cannacord. Read more.
So what: Cannacord bumped up its rating on the LED-lighting specialist from hold, saying its second-generation 60-watt bulb would benefit from a better cost structure and higher margins, and that further generations of the bulb would do the same.