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 company TPC Group
So what: Fueled largely by an impressive 39% spike in revenue, TPC posted a first-quarter profit of $11.4 million, or $0.70 per share, versus the average analyst estimate of just $0.35 per share. With TPC shares touching new 52-week highs today and up a whopping 38% over the past two months, it's obvious that Mr. Market anticipates even more big growth to come.
Now what: It might be hard to believe, but TPC shares remain a decent value. Even with the recent surge, the company still trades at a PEG ratio of 0.7 -- a clear discount to gorilla rival Dow Chemical
Interested in more info on TPC? Add it to your watchlist.