Top Performing Industries For May 13 (BBI, MFG, CGL-A, EMS)

At 1:24 pm, Dow lost 5.67 points or 0.05%, to 10,891.24, while the broader Standard & Poor's 500 index fell 2.01 points or 0.17%. The Nasdaq composite index has also slipped 7.70 points or 0.32%. The industries that are helping the market keep afloat today are: Music & Video Stores: The top gainer of the day, this industry added 6.59% by 1:23 pm. The top performer in this industry, Blockbuster Inc BBI, rose by 20.23%. BBI’s Q1 earnings report is scheduled to be announced after the markets close today and investors are expecting the company to post a surprise. Foreign Money Center Banks: This industry climbed 6.23% by 1:07 pm. The top gainer within the industry, Mizuho Financial Group Inc MFG, added 2.04%. MFG, Japan’s second-largest bank by assets, has decided to raise about $8.7 billion by issuing its common shares to meet its growing capital requirements. Meat Products: This industry moved up 1.95% by 1:07 pm, with Cagle's Inc CGL climbing 9.48% to gain the top spot. CGL-A produces, markets and distributes various fresh and frozen poultry products in the southeastern part of the US. Consumer Services: The industry, which rose 1.86%, has the top gainer in the form of Emergency Medical Services Corp EMS, which gained 4.42%. Ralph Giacobbe upgraded EMS from "neutral" to "outperform" and raised its target price from $58 to $63. Read more from Benzinga's Markets.
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Posted In: EarningsNewsUpgradesIntraday UpdateMarketsAnalyst RatingsMoversConsumer DiscretionaryDiversified BanksFinancialsHealth CareHealth Care ServicesRalph GiacobbeSpecialty StoresTop Performing Industries
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