Disney, Coca-Cola: Dow Movers

NEW YORK (TheStreet) -- Stocks gained ground Tuesday amid rising hopes that deal to keep Greece out of default will be reached soon.

The Dow Jones Industrial Average advanced 33 points, or 0.26%, to 12,878.20. The S&P 500 had a gain of 2.72 points to 1,347.05 and the Nasdaq Composite increased 2 points to 2,904.08.

Breadth within the Dow was positive with 20 of the index's 30 components moving higher.

The biggest percentage gainers among the blue chips were Walt Disney(DIS), Coca-Cola(KO) and Exxon Mobil(XOM).

Disney shares increased 1.29% Tuesday to $40.98. The company reported its first-quarter results after the market closed on Tuesday; net income was $1.46 billion, or 80 cents a share, on $10.8 billion in revenue.

Net income increased 12% from the year-ago first quarter; revenue ticked up 1% in that time period and earnings per share rose 18%. Analysts, on average, anticipated 72 cents a share in earnings on revenue of $11.18 billion. The stock was off nearly 2% in after-hours action.

TheStreet Ratings gives Disney a B+ grade with a buy rating and has a $44.94 price target on the shares.

Coca-Cola shares increased 52 cents to $68.55. The company reported fourth-quarter earnings that beat analysts estimates on expanding international sales volume. The Atlanta-based beverage giant reported earnings of 79 cents a share on $11.04 billion in revenue; analysts had expected earnings of 77 cents a share on revenue of $10.99 billion.

TheStreet Ratings gives Coca-Cola an A grade with a buy rating and has a $79.35 price target on the shares.

Shares of Exxon Mobil rose 59 cents to $86.44. The energy company will go ex-dividend Wednesday, meaning investors needed to purchase the stock on Tuesday to qualify for the next dividend payment.

Exxon Mobil gets a B+ grade from TheStreet Ratings with a buy rating and has a $103 price target on the stock.

Bank of America(BAC) was the biggest decliner in the Dow on Tuesday. Its shares fell 1.51% to $7.85.

Bank analyst Dick Bove said Bank of America's stock could reach $30 within four years. He added that the value of the bank's debt is soaring.

TheStreet Ratings gives Bank of America a D grade and a sell rating.

--Written by Alexandra Zendrian in New York.

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