Smallcap Stock Report: Penford's Ethanol Production, Netgear, Hexcel and Others
Excerpt from today's One Page Annotated Wall Street Journal Summary (which you can get emailed to you every morning by signing up here):
SMALL STOCKS: Penford Rises Amid Ethanol Deal; Netgear Falls 11% on Downgrade
- Summary: Penford (PENX), a producer of specialty ingredient systems for food and industrial applications, said it would invest $42 million in ethanol production capacity. Its stock rose 15%. Stocks moving on earnings results or guidance: Park Electrochemical (PKE) down 10%, Workstream (WSTM) up 12%, Omni Energy Services (OMNI) up 6.1%, Hexcel (HXL) down 2.9%.
- Comment on related stocks/ETFs: Jim Cramer picked Hexcel (HXL) as a "buy" in the Mad Money Lightening Round on May 11th after a director made a significant insider stock purchase. Look at the stock chart since then.
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