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 OLED technology developer Universal Display (Nasdaq: PANL ) are shining bright today, jumping as much as 30.7% on heavy volume.
So what: Last night's second-quarter report showed 170% stronger commercial sales year-over-year and a rare net profit thanks to a swooning stock price. Both the top and bottom lines shocked the Street silly.
Now what: As swift as the jump was, it only erased about a week's worth of investor misgivings and sagging chart lines. Today's peak price is still down 53% from 52-week highs set in April. Gadget and display builders Samsung, LG Display (NYSE: LPL ) , and Nokia (NYSE: NOK ) are set to lift the financial side of this company even higher, and share prices should follow suit as time goes by. Next year, we'll get the first commercially viable OLED television sets, and mighty Apple (Nasdaq: AAPL ) might even step in with some high-volume demands in 2012 or 2013. It's not too late to climb aboard this bottle-rocket of a Rule Breaker.
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