Top Performing Industries For March 10 (ZNH, HZNB.OB, MTN, MU, BA)
At 1:58 p.m., Dow lost 11.63, or 0.11%, to 10,552.75, while the broader Standard & Poor's 500 index rose 2.95, or 0.26%, to 1,143.39. The Nasdaq composite index added 13.06, or 0.56%, to 2,353.74.
The industries that are driving the market today are:
Major Airlines: The top gainer of the day, this industry added 4.37% by 1:58pm. The top gainer within the industry was China Southern Airlines Company (NYSE: ZNH), which jumped 8.64%. Analysts at HSBC Securities upgraded ZNH from “underweight” to “overweight.” Read more about this company here.
Regional - Southeast Banks: This industry climbed 2.19% by 1:58 p.m. ET. The top performer in this industry was Horizon Bancorporation Inc (OTC: HZNB.OB), which added 28.57%. Federal banking regulators have ordered HZNB.OB to raise more capital or sell itself. Read more about this company here.
Resorts & Casinos: This industry moved up 2.16% by 1:58 pm, with Vail Resorts Inc (NYSE: MTN) climbing 6.44% to gain the top spot. MTN reported a drop in Q2 profit. However, CEO Rob Katz said he’s happy with how the company has performed so far for the season, due to the challenging economic conditions and low snowfall at its Colorado resorts early in the season. Read more about this company here.
Semiconductor – Memory Chips: The industry, which rose by 2.09%, has the top gainer in the form of Micron Technology Inc (NASDAQ: MU). MU gained 4.57% to trade at $9.84. MU’s shares climbed after at least two analysts reiterated their upbeat outlook for the chipmaker. Read more about this company here.
Aerospace/Defense Major Diversified: This industry gained 1.93% and has the top performer in the form of Boeing Co (NYSE: BA). BA jumped 3.63% to trade at $70.25. A study paid for by Boeing Co found that a Boeing-built aerial tanker would create 10 times as many new US jobs as the now-withdrawn plan by Northrop Grumman Corp and EADS. Read more about this company here.
