Top Performing Industries For March 26 (HNR, BYD, WBD, CALC, SNSTA)
At 2:44 p.m., Dow gained 15.19, or 0.14%, to 10,856.40, while the broader Standard & Poor's 500 index rose 1.04, or 0.09%, to 1,166.77. The Nasdaq composite index lost 2.33, or 0.10%, to 2395.08.
The industries that are driving the market today are:
Independent Oil & Gas: The top gainer of the day, this industry added 2.87% by 2:44 pm. The top gainer within the industry was Harvest Natural Resources Inc (NYSE: HNR), which jumped 5.46%. HNR engages in the acquisition, exploration, development, production and disposition of oil and natural gas properties. Read more about this company here.
Resorts & Casinos: This industry climbed 2.66% by 2:44 p.m. ET. The top performer in this industry was Boyd Gaming Corporation (NYSE: BYD), which added 4.54%. Analysts at Deutsche Bank initiated coverage of BYD with a “hold” rating. Read more about this company here.
Dairy Products: This industry moved up 2.33% by 2:44 pm, with Wimm-Bill-Dann Foods OJSC (NYSE: WBD) climbing 6.39% to gain the top spot. Russia’s WBD announced that it will pay dividends on 2009 results, but would not make any payouts for 2007-2008. Read more about this company here.
Real Estate Development: The industry, which rose by 2.03%, has the top gainer in the form of California Coastal Communities (NASDAQ: CALC). CALC gained 0.91% to trade at $1.11. CALC is likely to achieve 42.6% sales growth in the year ending December 2010. Read more about this company here.
Lodging: This industry gained 2.02% and has the top performer in the form of Sonesta International Hotels Co (NASDAQ: SNSTA). SNSTA moved up 4.48% to trade at $14. SNSTA’s quarterly earnings growth stands at 880.60% y/y. Read more about this company here.
