Top Performing Industries For March 16 (MPEL, HOG, OPXT, CBI, ZLC)
At 2:45 p.m., Dow gained 7.26, or 0.07%, to 10,649.41, while the broader Standard & Poor's 500 index rose 4.00, or 0.35%, to 1,154.51. The Nasdaq composite index moved up 6.20, or 0.26%, to 2,368.41.
The industries that are driving the market today are:
Resorts & Casinos: The top gainer of the day, this industry added 4.01% by 2:45 pm. The top gainer within the industry was Melco Crown Entertainment Limited (NASDAQ: MPEL), which jumped 8.28%. Analysts at Credit Suisse upgraded MPEL from “neutral” to “outperform.” Read more about this company here.
Recreational Vehicles: This industry climbed 3.77% by 2:35 p.m. ET. The top performer in this industry was Harley-Davidson Inc (NYSE: HOG), which added 8.38%. HOG’s shares have moved up on rumors of private equity groups approaching the company with a buyout offer. Read more about this company here.
Semiconductor – Broad Line: This industry moved up 2.94% by 2:35 pm, with Opnext Inc (NASDAQ: OPXT) climbing 15.02% to gain the top spot. OPXT engages in the design, manufacture and marketing of subsystems, optical modules and components that transmit and receive data delivered via light in telecommunications, data communication, industrial and commercial applications. Read more about this company here.
General Contractors: The industry, which rose by 2.86%, has the top gainer in the form of Chicago Bridge & Iron Company (NYSE: CBI). CBI gained 5.52% to trade at $24.64. Analysts at BMO Capital Markets upgraded CBI from “market perform” to “outperform.” Read more about this company here.
Jewelry Stores: This industry gained 2.76% and has the top performer in the form of Zale Corporation (NYSE: ZLC). ZLC jumped 14.14% to trade at $3.39. ZLC operates as a specialty retailer of fine jewelry. Read more about this company here.
