Top Performing Industries For March 30 (CNAM, AVT, GSB, CTDC, VCO)

Symbols: AVT, CNAM, CTDC, GSB, VCO
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At 2:24 p.m., Dow lost 0.61, or 0.01%, to 10,895.25, while the broader Standard & Poor's 500 index dipped 1.01, or 0.09%, to 1,172.31. The Nasdaq composite index moved up 0.60, or 0.02%, to 2404.96.

The industries that are driving the market today are:

Basic Materials Wholesale: The top gainer of the day, this industry added 1.95% by 2:24 pm. The top gainer within the industry was China Armco Metals Inc (AMEX: CNAM), which jumped 8.55%. CNAM’s quarterly revenue growth stands at 34.00% y/y. Read more about this company here.

Electronics Wholesale: This industry climbed 1.54% by 2:24 p.m. ET. The top performer in this industry was Avnet Inc (NYSE: AVT), which added 2.72%. Analysts at Brean Murray upgraded AVT from “hold” to “buy.” Read more about this company here.

Internet Service Providers: This industry moved up 1.44% by 2:24 pm, with GlobalScape Inc (AMEX: GSB) climbing 7.25% to gain the top spot. GSB develops, distributes and maintains secure managed file transfer software that enables individuals and business users to send data over the Internet, as well as wide-area file system and collaboration and continuous data protection software. Read more about this company here.

Industrial Equipment & Components: The industry, which rose by 1.36%, has the top gainer in the form of China Technology Development Group Corporation (NASDAQ: CTDC). CTDC gained 9.16% to trade at $2.98. CTDC had agreed to enter into a strategic cooperation agreement with Rus Energy Investment Group to leverage mutual strengths to jointly develop the clean energy business in both China and Russia. Read more about this company here.

Wholesale, Other: This industry gained 1.35% and has the top performer in the form of Vina Concha y Toro SA (NYSE: VCO). VCO moved up 2.52% to trade at $44.31. VCO’s quarterly earnings growth stands at 48.50% y/y. Read more about this company here.


 
 
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