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 semiconductor equipment company Cymer (Nasdaq: CYMI) jumped 14% higher today, after Intel said it would increase capital spending.

So what: Equipment makers all over the industry are higher today, following Intel's announcement that it planned to spend around $9 billion on capital equipment this year. Stifel Nicolaus analyst Patrick Ho may have helped by pointing to Cymer and ASML Holdings (Nasdaq: ASML) as possible beneficiaries of Intel's increased largesse.

Now what: Today's move is really a tide that lifts all boats, and it's less about anything specific from Cymer. That said, the company has been posting positive earnings surprises for the past year; as Intel ramps up spending, those solid results should continue. Long-term, I think this is a very bullish move, but I don't want to get caught up in the hype by buying at a high point today. Instead, I'll wait and hope for a better entry point next week.

Interested in more info on Cymer? Add it to your watchlist.

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. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.