- 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.
Excerpt from today's One Page Annotated Wall Street Journal Summary (which you can get emailed to you every morning by signing up here):