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 Tupperware (NYSE: TUP) were cooking today, climbing 15% after the company released outstanding earnings.

So what: Tupperware hit the trifecta today by announcing better sales, earnings, and expectations than analysts had predicted. The highlight was adjusted earnings per share of $1.38, easily surpassing estimates of $1.28.

Now what: Emerging markets were definitely the bright spot, with sales rising 14% compared with a decline of 3% in established markets. The combination of a low valuation and a solid dividend make this a perfect stock for the value investor. I think Tupperware will move higher after these results, and it's headed for big things in 2011.

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