Top Narrow Based Indexes For September 2 (PIR, SOLF, ETM)
By 12:34 pm, the Dow Jones Industrial Average was up 7.23 points, or 0.07%, to 10,276.70, while the broader Standard & Poor's 500 index had gained 4.88 points, or 0.45%. The NASDAQ composite index rose 14.07 points, or 0.65%.
Some of the narrow based indexes that are supporting the market are Home Furnishing Retailer Stocks, which have gained 4.0%, Chinese Solar Stocks, up 3.8%, and Radio Stocks, moving 3.3% higher as a group.
In Tickerspy's Home Furnishing Retailer complex, Pier 1 Imports Inc (NYSE: PIR) had surged 14.5%. PIR has reported an 11.2% growth in its comparable-store sales for the second quarter of the fiscal year.
The best performing Tickerspy Chinese Solar stock has been Solarfun Power Holdings Co Ltd (NASDAQ: SOLF), which was up 8.1%. Analysts at Jefferies upgraded SOLF from “hold” to “buy.”
Entercom Communications Corporation (NYSE: ETM) is today’s leading Tickerspy's Radio stock, gaining 13.0%. ETM’s PEG ratio is 0.42.
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