Top Performing Industries For March 17 (PLCM, AA, GNCMA, TXI, TIN)
At 1:11 p.m., Dow gained 53.36, or 0.50%, to 10,739.34, while the broader Standard & Poor's 500 index rose 7.28, or 0.63%, to 1,166.74. The Nasdaq composite index added 15.28, or 0.64%, to 2393.29.
The industries that are driving the market today are:
Processing Systems & Products: The top gainer of the day, this industry added 5.39% by 1:11 pm. The top gainer within the industry was Polycom Inc (NASDAQ: PLCM), which jumped 10.84%. Apax Partners has been talking with Polycom Inc to take the US video conferencing company private for more than $3 billion. Read more about this company here.
Aluminum: This industry climbed 4.84% by 1:11 p.m. ET. The top performer in this industry was Alcoa Inc (NYSE: AA), which added 5.94%. Analysts at Citigroup upgraded AA from “hold” to “buy.” Read more about this company here.
Long Distance Carriers: This industry moved up 4.02% by 1:11 pm, with General Communication Inc (NASDAQ: GNCMA) climbing 5.11% to gain the top spot. GNCMA’s quarterly earnings growth stands at 1536.20% y/y. Read more about this company here.
Cement: The industry, which rose by 3.89%, has the top gainer in the form of Texas Industries Inc (NYSE: TXI). TXI gained 5.27% to trade at $40.06. TXI engages in the production and sale of heavy construction materials in the US. Read more about this company here.
Paper & Paper Products: This industry gained 3.57% and has the top performer in the form of Temple-Inland Inc (NYSE: TIN). TIN’s shares moved up 6.94% to trade at $21.10. TIN’s trailing-twelve-months return on equity stands at 27.84%. Read more about this company here.
