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 supply chain management company Echo Global Logistics, (NASDAQ:ECHO) jumped as much as 13% in early trading after the company reported earnings.

So what: First-quarter gross revenue jumped 21.4% to $247.7 million and operating income jumped 30% sequentially to $5.4 million. Non-GAAP net income was $3.3 million, or $0.14 per share, which was $0.03 ahead of estimates.  

Now what: Acquisitions helped drive growth in the quarter and higher margins are helping improve profitability. But at 23 times forward estimates, Echo Global isn't a cheap stock for the growth it's getting organically. I'll sit out today's move and look for more value in a mature market like logistics.