Top Performing Industries For June 24, 2014
At 10:35 am, the Dow gained 0.16% to 16,964.97, the broader Standard & Poor's 500 index moved up 0.24% to 1,967.30 and the NASDAQ composite index rose 0.65% to 4,397.17.
The industries that are driving the market today are:
Semiconductor- Memory Chips: This industry rose 3.07% by 10:35 am ET. The top performer in this industry was Micron Technology (NASDAQ: MU), which gained 4.4%. Micron reported better-than-expected fiscal third-quarter earnings. Micron posted its adjusted earnings of $0.79 per share, beating analysts' estimates of $0.69 per share.
Internet Service Providers: The industry gained 2.65% by 10:35 am. The top performer in this industry was Qihoo 360 Technology Co (NYSE: QIHU), which gained 3.5%. Qihoo 360's PEG ratio is 0.90.
Electronics Stores: This industry moved up 1.45% by 10:35 am. The top performer in this industry was Best Buy Co (NYSE: BBY), which gained 2.5%. Morgan Stanley initiated coverage on Best Buy with a Buy rating and a $36.00 price target.
Diagnostic Substances: This industry jumped 1.05% by 10:35 am. The top performer in this industry was IDEXX Laboratories (NASDAQ: IDXX), which rose 2.1%. Canaccord Genuity upgraded IDEXX from Hold to Buy and raised the price target from $116.00 to $148.00.
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