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 equipment maker Chart Industries (Nasdaq: GTLS) jumped 10% today after the company released earnings.

So what: Adjusted earnings per share of $0.36 beat estimates of $0.32, and outlook for 2011 was strong as order intake picked up. For the year, the company expects sales of $710 million to $750 million and adjusted earnings per share of $1.70 to $1.90. Analysts expected revenue of $693 million and $1.78 in earnings per share.

Now what: Orders improved 24% from the third quarter and management is very upbeat on the prospects of profitability going forward. I think continued improvement in the economy will help drive orders, and the company's earnings will improve. I would like to see a little pullback after initial exuberance, but long term I am bullish on today's news.

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