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 specialty chemical products maker H.B. Fuller (NYSE: FUL) climbed as much as 13% in intraday trading Wednesday after its quarterly earnings and full-year guidance topped Wall Street expectations.

So what: Driven by improving industrywide demand, H.B. Fuller posted earnings of $0.44 per share versus analyst expectations of $0.40 per share. More importantly, management believes positive momentum will carry well into 2011, prompting a full-year profit forecast of $1.75 to $1.85 per share on top-line growth of 8% to 10% -- well above the average analyst estimate of just $1.70 in per-share earnings on a 6% jump in revenue.

Now what: H.B. Fuller shares remain a decent value opportunity. They might be rallying today, but when you factor in management's new guidance, H.B. Fuller still trades at a reasonable forward P/E of about 12.5. That also represents a slight discount to rivals 3M (NYSE: MMM) and Avery Dennison (NYSE: AVY), so the shares seem like a relatively good bet, as well.

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