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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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