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 Chinese real estate service company E-House (China) Holdings Limited (NYSE:EJ) jumped as much as 15% today after the company released earnings.

So what: Third-quarter revenues were up 43% to $195.7 million, and non-GAAP net income increased 79% to $36.9 million, or $0.20 per share. This well exceeded analysts' expectations of $172.2 million in revenue and earnings of $0.14 per share. 

Now what: Management cited growth in the company's e-commerce business, which includes real estate auctions. They are also seeing positive trends in the Chinese economy and real estate market, although who knows how long that will last. I'm still concerned about Chinese real estate, overall, and just won't take the risk on this stock despite the earnings beat today.