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: Catalyst Health Solutions (Nasdaq: CHSI) shares jumped 14% in trading today after the company released earnings.

So What: Revenue was up 27.5% to $925.1 million and net income was up 25% to $21.5 million. Catalyst also completed the acquisition of FutureScripts, formerly a subsidiary of Independence Blue Cross.

Now What: Catalyst has signed a number of new customers for next year, including Ford (NYSE: F) and the University of Virginia, which should drive future returns for shareholders. On track to meet guidance of $1.80 per diluted share this year, Catalyst should see further gains in 2011 from new customers. I like the growth track and a 2010 price/earnings of 24.1 is supported by projected growth of 25-30% next year.

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