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 hydrocarbon and industrial gas equipment manufacturer Chart Industries
So what: Back in November, I suggested that investors wait to see if Chart's shares would cool off. No such luck. Since mid-November, the shares have tacked on an astonishing 54%. Today's jump most likely has to do with our old pal Jim Cramer. Cramer made a pretty compelling pitch for Chart in his "Speculation Friday" segment at the end of last week. He pointed out that there are a bunch of new liquid natural gas facilities being built around the world and there is a push -- particularly in China -- to increase natural gas usage. This all adds up to more potential demand for the equipment that Chart makes.
Now what: Whether it's your Uncle Ted, Jim Cramer, or Warren Buffett giving you the idea, it's never a good idea to blindly jump on a stock because of a hot tip. Chart is well-positioned within its industry and has established relationships with many key players from Praxair
Want to keep up to date on Chart Industries? Add it to your watchlist.