Top Narrow Based Indexes For July 29 (GMCR, NEWP, ESRX)
By 12:42 pm, the Dow Jones Industrial Average was down 87.41 points, or 0.83%, to 10,410.47, while the broader Standard & Poor's 500 index had lost 11.64 points, or 1.05%. The NASDAQ composite index fell 32.67 points, or 1.44%.
Some of the narrow based indexes supporting the markets are Coffee Stocks, which have gained 2.4%, Laser Stocks, up 1.7%, and Pharmacy Benefit Manager Stocks, moving 1.5% higher as a group.
In Tickerspy's Coffee complex, Green Mountain Coffee Roasters Inc (NASDAQ: GMCR) had surged 8.0%. GMCR has posted better-than-expected Q3 results, driven by strong sales of its high-margin coffee portion refills.
The best performing Tickerspy Laser stock has been Newport Corporation (NASDAQ: NEWP), which was up 17%. NEWP’s new orders and sales surged in Q2.
Express Scripts Inc (NASDAQ: ESRX) is today’s leading Tickerspy's Pharmacy Benefit Manager stock, gaining 6.5%. ESRX had reported a 51% rise in its Q2 profit.
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