BUZZ-U.S. STOCKS ON THE MOVE-Netflix, Apple, Airlines, Banks, Casinos
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street rose on Monday morning after euro zone leaders reached an agreement with Greece to move forward with a third bailout loan for the country to avert bankruptcy.
The Dow Jones industrial average was up 1.10 percent at 17,956.16, the S&P 500 was up 0.92 percent at 2,095.69 and the Nasdaq Composite was 1.22 percent at 5,058.64.
** NETFLIX INC, $703.63, +3.38 pct
Goldman Sachs raised its price target on the stock to $780 from $620, keeping its "buy" rating, saying it expects the company's results to continue beating analysts' estimates based on an analysis the brokerage did of Netflix's market and margin opportunities.
** APPLE INC, $124.68, +1.14 pct
Socgen upgraded the company's stock to "buy" from "hold" citing an expected successful launch of the new iPhone 6S handset in September.
Apple recorded 92 percent of the total operating income from the world's eight top smartphone makers in the first quarter, up from 65 percent a year earlier, according to Canaccord Genuity, the Wall Street Journal reported.