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Top Performing Industries For July 1, 2014

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At 10:35 am, the Dow jumped 0.64% to 16,933.76, the broader Standard & Poor's 500 index moved up 0.53% to 1,970.54 and the NASDAQ composite index rose 0.97% to 4,450.84.

The industries that are driving the market today are:

Music & Video Stores: This industry rose 4.76% by 10:35 am ET. The top performer in this industry was Netflix (NASDAQ: NFLX), which gained 5.3%. Goldman Sachs upgraded the stock from Neutral to Buy and lifted the target price from $380 to $590.

Research Services: The industry gained 3.14% by 10:35 am. The top performer in this industry was GoPro (NASDAQ: GPRO), which gained 15.5%. GoPro shares surged following an announcement by the Chicago Board Options Exchange (CBOE) that it will list options for GoPro starting Monday, July 7.

Office Supplies: This industry moved up 2.72% by 10:35 am. The top performer in this industry was ACCO Brands (NYSE: ACCO), which gained 4%. ACCO Brands' PEG ratio is 1.22.

Diversified Computer Systems: This industry jumped 2.11% by 10:35 am. The top performer in this industry was Arista Networks (NYSE: ANET), which rose 9.7%. Cowen & Company initiated coverage on Arista Networks with a Outperform rating and a $70.00 price target.

Posted-In: Top Performing IndustriesNews Intraday Update Markets Movers

 

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UPDATE: Stifel Initiates Coverage On Arista Networks On Mixed Factors