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: China Lodging
So what: China Lodging posted earnings Monday that saw revenue up 48.4% and net income up 298%. Those results added fuel to today's move, which was driven by Home Inns & Hotels
Now what: The Chinese hotel market is on fire and both China Lodging and Home Inns are riding the wave. Neither stock is priced just right for this Fool, but given a pullback in the next few weeks I would be more interested. These are long-term plays on the Chinese economy so don't panic over short-term bumps in the road when they come.
Interested in more info on China Lodging? Add it to your watchlist here by clicking here.