Diamonds and Dogs
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.