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 aluminum wheel maker Superior Industries (NYSE: SUP) soared nearly 18% in intraday trading Wednesday after its quarterly results easily topped Wall Street expectations.

So what: Helped largely by a rebounding auto industry, Superior posted a fourth-quarter profit of $22.3 million, or $0.82 per share, versus the average analyst estimate of just $0.32 per share. In fact, Superior's 54% surge in sales volume even outpaced the general industry's recovery in 2010, with production of passenger and light-duty vehicles in North America growing about 40%.

Now what: Don't let today's rally keep you from looking into Superior. After all, Chairman and CEO Steven Borick added that the company is "actively evaluating a number of options to increase production levels," so there seems to be more than enough industry momentum to keep pushing profits higher. And with a still-attractive dividend yield of nearly 3%, the bet just might be worth it.

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

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days.

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