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 investment advice provider Financial Engines (Nasdaq: FNGN) jumped more than 17% in intraday trading as investors celebrated the company's third-quarter earnings.

So what: Financial Engines' third-quarter profit was boosted in a big way by a $50 million tax benefit. Even without that bump, though, the company's $0.10 in per-share earnings roundly beat Wall Street's $0.07 expectation. But it wasn't just the bottom line that looked good -- things appear to be clicking from top to bottom at Financial Engines. Third-quarter revenue rose 31%, and assets under management expanded 45% to $34 billion.

Now what: With partnerships with some of the top financial management companies out there, including ING (NYSE: ING), T. Rowe Price (Nasdaq: TROW), and JPMorgan Chase (NYSE: JPM), Financial Engines looks set to continue growing as we lurch forward into the post-crisis era. But while the company looks like it's well positioned, the stock's 2011 price-to-earnings multiple of 46 doesn't make it look overly appetizing.

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