Top Narrow Based Indexes For August 16 (PAR, CBOU, HEV)
By 1:09 pm, the Dow Jones Industrial Average was up 16.35 points, or 0.16%, to 10,319.50, while the broader Standard & Poor's 500 index had gained 2.05 points, or 0.19%. The NASDAQ composite index rose 15.57 points, or 0.72%.
Some of the narrow based indexes that are driving the market are Data Storage Stocks, which have gained 7.4%, Coffee Stocks, up 3.0%, and Nanotech Stocks, moving 2.6% higher as a group.
In Tickerspy's Data Storage complex, 3PAR Inc (NYSE: PAR) had surged 86.1%. Dell Inc (NASDAQ: DELL) has agreed to acquire PAR for $1.15 billion or $18 in cash for each share of 3Par, representing an 86% premium to the 3Par's closing price on Friday.
The best performing Tickerspy Coffee stock has been Caribou Coffee Company Inc (NASDAQ: CBOU), which was up 5.4%. CBOU’s quarterly earnings jumped 107.30% y/y.
Ener1 Inc (NASDAQ: HEV) is today’s leading Tickerspy's Nanotech stock, gaining 4.4%. HEV’s shares have lost 45.81% over the past 52 weeks, while the S&P 500 index has gained 7.49% in the same period.
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