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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

7/7/14

Penford (PENX)

As reality sets in on this gloomy Monday after a long holiday weekend, there seems to be a handful of stocks that are on the rise. Penford (PENX) is trading at $13.61, which is up 8.79% from its previous close. Penford Corporation markets, manufactures, and develops naturally-based ingredient systems for various functions including food, papermaking and pet and animal products. Penford just reported their net income for the quarter to be 3.1 million compared to 2.06 million a year ago. The increase in net income has led Penford stocks to rise today and indicates a positive future.

GT Advanced Technology (GTAT)

The 4th of July Weekend did not help GT Advanced Technologies recharge their batteries today as they are tanking down 13.02% to $17. The diversified global technology company has been on the rise this year, but has run into a speed bump after this weekend. The analyst firm UBS lowered their ratings from "buy" to "neutral" as a result their evaluation that projected the advanced technology company to not live up to the their high second quarter sales. Their second quarter sales were upwards of $600 million to $800 million. GT Advanced Technologies will have to recover from their holiday hangover if they are to post higher third quarter sales.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.