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: Solutia Inc
So what: Solutia increased guidance for 2011 at its Investor Day and introduced a new global brand identity. The company now expects to earn $2.00 to $2.25 per share on revenue of $2.1 to $2.2 billion. Analysts had expected adjusted earnings per share of $1.70 on revenue of $2.12 billion.
Now what: Management is very confident in Solutia's growth prospects and wildly outpaced analysts expectations for 2011. Given management's history of delivering results higher than expectations I'll buy today's move as the beginning of a longer move higher.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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