Chevron, Cisco, Exxon Mobil: Dow Movers

NEW YORK (TheStreet) -- Stocks were mixed Friday following a disappointing read on fourth-quarter gross domestic product.

The Dow Jones Industrial Average dropped 74.17 points, or 0.58%, to 12,660.46 Friday. The S&P 500 fell 2.11 points to 1,316.32 and the Nasdaq Composite rose 11.27 points to 2,816.55.

Breadth within the Dow was negative with 27 of the 30 components posting losses. Intel(INTC) closed flat.

The biggest percentage decliners among the blue chips were Chevron(CVX), Exxon Mobil(XOM) and Cisco(CSCO).

Chevron declined 2.47% to $103.96. Early Friday, the oil giant reported fourth-quarter profit of $5.1 billion, or $2.58 a share, down from $5.3 billion, or $2.64 a share, a year earlier and below analysts' expectations of $2.85 a share.

Upstream earnings were $5.7 billion, down from $6.2 billion the previous year.

TheStreet Ratings gives Chevron an A grade and a buy rating with a $132.42 price target.

Cisco shares fell 1.36% to $19.56 after competitor Juniper Networks(JNPR) issued weak first-quarter guidance. Analysts, however, believe Cisco may be taking market share away from Juniper .

Cisco gets a B grade and a buy rating from TheStreet Ratings with a $22.86 price target.

Exxon Mobil shares dropped 1.08% to $85.83. TheStreet Ratings gives Exxon Mobil a B+ grade and a buy rating with a $108.59 price target.

Alcoa(AA) and United Technologies(UTX) were the biggest percentage gainers among the blue chips, although both stocks rose less than 1%.

--Written by Alexandra Zendrian.

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