Surging Stocks: Chaparral Steel, AngioDynamics,
GameStop
03/22/2006
All three of the following
stocks are part of our Primary
Stock Portfolio. Today Chaparral Steel Company's
(ticker: CHAP) stock jumped 16.5% after the maker
of structural beams said its profit
more than tripled in the third quarter. The company cites
improved global demand, industry consolidation and low cost
production as the reason for the dramatic increase in profits.
Also reporting quarterly results
was AngioDynamics Inc. (ANGO). Its stock
rose 8.1% today after announcing that third
quarter profits rose 73%, causing the company to raise
its 2006 revenue and profit forecasts.
Yesterday, electronic game
retailer GameStop Corp. (GME) saw its stock
rise 8.7% after it beat analyst expectations when it reported
that first-quarter
profits more than doubled. GameStop's stock has risen
123.5% since being added to our Primary Stock Portfolio last
March.
Meanwhile, Chaparral Steel
Company's stock has risen 154.4% since we sent out the buy
signal for the company in October. Angio-Dynamics' stock was
added to the portfolio in December of 2004 and has since gained
32.8%.
-Rex M. Jacobsen
Sr. Editor
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