Graham Corp. (GHM), one of my picks in Emerging Growth, is having a very strong day today. The company announced that its earnings more doubled to $1.11 per share. Yesterday, Graham said that it's raising its dividend by 33%, and it will split its stock 2-for-1 in October. We now have a 250% profit in Graham in less than a year.

The August issue of Emerging Growth will be available for subscribers after the market closes today.