Top Performing Industries For July 16, 2014
At 10:40 am, the Dow surged 0.26% to 17,105.77, the broader Standard & Poor's 500 index moved up 0.30% to 1,979.16 and the NASDAQ composite index rose 0.42% to 4,435.05.
The industries that are driving the market today are:
Semiconductor- Memory Chips: This industry rose 2.70% by 10:40 am ET. The top performer in this industry was Netlist (NASDAQ: NLST), which gained 9.2%. Netlist's trailing-twelve-month revenue is $24.09 million.
Diversified Computer Systems: The industry gained 1.88% by 10:40 am. The top performer in this industry was Hewlett-Packard Company (NYSE: HPQ), which gained 1.9%. On Tuesday, Hewlett-Packard's interim Chairman Ralph Whitworth announced resignation from Board to focus on personal health concerns.
Computers Wholesale: This industry jumped 1.80% by 10:40 am. The top performer in this industry was Ingram Micro (NYSE: IM), which rose 3.6%. Ingram Micro is expected to release its Q2 results on July 24.
Semiconductor - Broad Line: This industry moved up 1.76% by 10:40 am. The top performer in this industry was Intel (NASDAQ: INTC), which gained 6.1%. Intel reported better-than-expected Q2 earnings. Analysts at UBS upgraded Intel from Neutral to Buy and raised the target price from $30 to $37.50.
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