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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: Just as U.S. recruiters were surging, shares of Chinese job-search site 51job (Nasdaq: JOBS ) closed up 9% after a 12% initial surge in early trading. Volume was lighter than average, suggesting an abundance of buy orders versus few sells.
So what: The buying makes sense. Both Chinese and outside firms are hiring the region. Germany's SAP (NYSE: SAP ) last week announced plans to invest $2 billion in China, bringing "thousands of jobs" to the Sino superpower between now and 2015.
Now what: SAP isn't alone; 51job booked 49% growth in online recruitment in its most recent quarter. Adjusted earnings grew 55% to $0.59 over the same period -- six cents more than analysts were calling for. Does it matter? Would you buy shares of 51job at current prices? Please weigh in using the comments box below.
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