Top Performing Industries For March 11 (WFSC.OB, GME, MVG, DSCM, HH)
At 1:52 p.m., Dow lost 0.98, or 0.01%, to 10,566.35, while the broader Standard & Poor's 500 index fell 0.84, or 0.07%, to 1,144.77. The Nasdaq composite index moved down 2.33, or 0.10%, to 2,356.62.
The industries that are driving the market today are:
Regional – Mid-Atlantic Banks: The top gainer of the day, this industry added 1.89% by 1:52 pm. The top gainer within the industry was Weststar Financial Services Corp (OTC: WFSC.OB), which jumped 19.69%. WFSC.OB operates as the holding company for The Bank of Asheville that provides various consumer and commercial banking services primarily in Buncombe County, North Carolina and surrounding areas. Read more about this company here.
Electronics Stores: This industry climbed 1.44% by 1:52 p.m. ET. The top performer in this industry was Gamestop Corporation (NYSE: GME), which added 5.42%. GME, the world’s largest video game and entertainment software retailer, announced that it will host midnight launch events for God of War III on Monday, March 15, at more than 3,500 stores nationwide. Read more about this company here.
Silver: This industry moved up 1.18% by 1:52 pm, with Mag Silver Corporation (AMEX: MVG) climbing 2.74% to gain the top spot. Analysts at Canaccord Adams upgraded MVG from “hold” to “buy.” Read more about this company here.
Catalog & Mail Order Houses: The industry, which rose by 1.18%, has the top gainer in the form of Drugstore.com Inc (NASDAQ: DSCM). DSCM gained 4.56% to trade at $3.67. Analysts at Roth Capital initiated coverage of DSCM with a “buy” rating. Read more about this company here.
Specialized Health Services: This industry gained 0.90% and has the top performer in the form of Hooper Holmes Inc (AMEX: HH). HH jumped 9.80% to trade at $1.12. HH provides outsourced risk assessment services to the life and health insurance industry in the US. Read more about this company here.
