Top Performing Industries For March 18 (NKE, ZIPR, FDX, CNC, GME)
At 2:31 p.m., Dow gained 35.90, or 0.33%, to 10,769.57, while the broader Standard & Poor's 500 index fell 1.62, or 0.14%, to 1,164.59. The Nasdaq composite index added 1.39, or 0.06%, to 2390.48.
The industries that are driving the market today are:
Textile - Apparel Footwear & Accessories: The top gainer of the day, this industry added 3.04% by 2:31 pm. The top gainer within the industry was Nike Inc (NYSE: NKE), which jumped 5.18%. Analysts at FBR Capital upgraded NKE from “market perform” to “outperform.” Read more about this company here.
Real Estate Development: This industry climbed 2.73% by 2:31 p.m. ET. The top performer in this industry was ZipRealty Inc (NASDAQ: ZIPR), which added 4.38%. ZIPR has released a version of its popular mobile house-hunting application for Android-based phones. Read more about this company here.
Air Delivery & Freight Services: This industry moved up 2.05% by 2:31 pm, with FedEx Corporation (NYSE: FDX) climbing 2.63% to gain the top spot. FDX raised its fiscal-year outlook after Q3 profits more than doubled, with strong Asian export volumes more than compensating for flat US demand. Read more about this company here.
Health Care Plans: The industry, which rose by 2%, has the top gainer in the form of Centene Corporation (NYSE: CNC). CNC gained 5.39% to trade at $20.72 by 2:47 pm. CNC’s subsidiary, Cenpatico Behavioral Health of Arizona, has been awarded an expanded contract by the Arizona Department of Health Services. Read more about this company here.
Electronics Stores: This industry gained 1.81% and has the top performer in the form of Gamestop Corporation (NYSE: GME). GME’s shares moved up 6.80% to trade at $21.21 by 2:53 pm. Analysts at Standpoint Research initiated coverage of GME with a “buy” rating. Read more about this company here.
