Top Performing Industries For March 8 (NCS, NYNY, CSCO, MRFD.OB, BBW)
At 1:38 p.m., Dow gained 3.78, or 0.04%, to 10,569.98, while the broader Standard & Poor's 500 index rose 1.49, or 0.13%, to 1,140.18. The Nasdaq composite index added 8.74, or 0.38%, to 2335.09.
The industries that are driving the market today are:
General Building Materials: The top gainer of the day, this industry added 3.08% by 1:38pm. The top gainer within the industry was NCI Building Systems Inc (NYSE: NCS), which jumped 478.95%. NCS announced today that its 1-for-5 reverse stock split, approved by its stockholders and board of directors on February 19, 2010, became effective at 6:01 pm EST on March 5, 2010. Read more about this company here.
Resorts & Casinos: This industry climbed 3.01% by 1:38 p.m. ET. The top performer in this industry was Empire Resorts Inc (NASDAQ: NYNY), which added 8.84%. NYNY operates in the hospitality and gaming industries in New York. Read more about this company here.
Network & Communication Devices: This industry moved up 2.99% by 1:38 pm, with Cisco Systems Inc (NASDAQ: CSCO) climbing 3.21% to gain the top spot. Analysts at BMO Capital Markets upgraded CSCO from “market perform” to “outperform.” Read more about this company here.
Restaurants: The industry, which rose by 2.42%, has the top gainer in the form of Morgan's Foods Inc (OTC: MRFD.OB). MRFD.OB gained 11.11% to trade at $4.00. MRFD.OB’s trailing twelve-month revenues stand at 92.49 million. Read more about this company here.
Toy & Hobby Stores: This industry gained 2.32% and has the top performer in the form of Build-A-Bear Workshop Inc Com (NYSE: BBW). BBW, which operates as a specialty retailer of plush animal and related products, climbed 2.32% to trade at $6.61 by 1:47 pm ET. Read more about this company here.
