Top Performing Industries For February 18 (SIRI, ABB, TLVT, MDR)
The industries that are driving the market today are:
Broadcasting - Radio: The top gainer of the day, this industry had added 5.15%by 2:15 p.m. ET. The highest gainer within the industry was Sirius XM Radio Inc (NASDAQ: SIRI), which jumped 7.62% today. SIRI had announced last month that it has added more than 257,000 net subscribers in the fourth quarter of 2009. It also disclosed that it expected to report over $100 million in free cash flows for the year.
Industrial Electrical Equipment: This industry had climbed 3.38% by 2:17 p.m. ET. The top performer in this industry was ABB Ltd (NYSE: ABB) which added 7.19%after it reported impressive sales and earnings for the latest quarter.
Computer Based Systems: This industry moved up 3.06% by 2:17 p.m. ET, with Telvent GIT, SA (NASDAQ: TLVT) climbing 4.83% to gain the top spot. TLVT today received the 2009 Smart Grid Product of the Year Award from TMCnet.com.
Heavy Construction: The industry has risen by 2.14% and has the top gainer in the form of McDermott International, Inc (NYSE: MDR). MDR gained 4.78% by 2:36 pm to trade at $24.11 as the company’s new small reactor generated investor interest.
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