Top Narrow Based Indexes For February 16 (FDO, ELOS, PRAA)

By 10:45 am, the Dow Jones Industrial Average was up 73.41 points, or 0.60%, to 12,300.05, while the broader Standard & Poor's 500 index had gained 8.56 points, or 0.64%. The NASDAQ composite index rose 20.84 points, or 0.74%. Some of the narrow based indexes that are driving the markets are Discount Retailer Stocks, which have gained 5.4%, Cosmetic Laser Stocks, up 4.7%, and Bill Collector Stocks, moving 3.1% higher as a group. In Tickerspy's Discount Retailer complex, Family Dollar Stores Inc FDO had surged 23.6%. Trian Fund Management's head Nelson Peltz offered $55 to $60 per share in cash to acquire FDO for $55 to $60 per share. The best performing Tickerspy Cosmetic Laser stock has been Syneron Medical Ltd ELOS, which was up 16.4%. ELOS swung to profit in the fourth quarter. Portfolio Recovery Associates Inc PRAA is today's leading Tickerspy's Bill Collector stock, gaining 6.7%. PRAA reported better-than-expected Q4 profit. Read more from Benzinga's Markets.