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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 chip designer NXP Semiconductors (Nasdaq: NXPI ) are soaring 14% above last night's closing price on three times the average trading volume.
So what: CEO Rick Clemmer sat down for an interview with Dow Jones Newswires last night, and his comments seemed to resonate with investors. Of course, merely reaching a global audience like that can boost small stocks like NXP, at least in the short term.
Now what: Clemmer hopes to make a mint on near field communications, which is a fancy name for touchless digital transactions like holding your chip-equipped credit card a few inches away from the card reader. In particular, embedding these chips in Nokia (NYSE: NOK ) phones in 2011 should lift the company to new heights. Philips (NYSE: PHG ) spun off its semiconductor operations four years ago to form NXP, and the little company seems to have found a profitable niche to exploit.
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