Kraton Performance Polymers' Shares Surged: What You Need to Know
What: Shares of Kraton Performance Polymers (NYS: KRA) had investors asking for more today, rising as much as 14.6% on weirdly mild trading volume.
So what: CFO Steve Tremblay held the floor at an industry conference today, but posted the slide deck for review a few hours earlier. The central message of rampant growth in Asia and margin expansion appears to have struck a chord with investors.
Now what: The stock may also have caught some waves from the praise being heaped on chemical giants DuPont (NYS: DD) and Dow Chemical (NYS: DOW) today, both of which have been singled out by analysts and reporters as fantastic businesses with undervalued shares. Moreover, Kraton's shares collapsed last week amid macroeconomic worries and were due for a rebound. All three of the companies I mentioned are high-quality firms with 4 out of 5 CAPS stars, and you shouldn't be surprised to see them rebounding strongly on a good day for the Dow Industrial Average (INDEX: ^DJI).
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At the time this article was published Fool contributor Anders Bylundholds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.