This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wal-Mart, Bank of America, Intel: Dow Movers

NEW YORK ( TheStreet) -- U.S. stocks finished Wednesday lower amid weak Chinese and European manufacturing data and ongoing questions about Greece's stability.

The Dow Jones Industrial Average fell 27.02 points, or 0.21%, to 12,938.67. The S&P 500 dropped 4.55 points to 1,357.66 and the Nasdaq Composite posted a loss of 15.4 points to end the day at 2,933.17.

Breadth within the Dow was negative with 20 of the index's 30 components posting losses.

The biggest decliners in the index were Intel (INTC - Get Report), Wal-Mart (WMT - Get Report) and Bank of America (BAC - Get Report).

Wal-Mart shares dropped 2.45% to $58.60. On Tuesday morning, the world's largest retailer reported fourth-quarter earnings of $5.2 billion, or $1.51 a share, up from year-ago earnings of $5 billion, or $1.41 a share.

Wal-Mart rival Target (TGT) reports its fourth-quarter results Thursday. Analysts, on average, anticipate earnings of $1.40 a share on $21.2 billion in revenue.

TheStreet Ratings gives Wal-Mart an A- grade with a buy rating and $71.66 price target.

Bank of America shares fell 1.97% to $7.95. The stock has risen 45% in 2012, prompting questions about whether investors should think about booking some profits.

Rochdale Securities banking analyst Dick Bove, however, thinks Bank of America shares can climb to $30 in the next four years.

Bank of America gets a D+ grade and sell rating from TheStreet Ratings.

Intel shares fell following technology rival Dell's (DELL) fourth-quarter earnings miss on Tuesday. Dell reported earnings of 51 cents a share on revenue of $16.01 billion; analysts were expecting profit of 52 cents a share on revenue of $15.96 billion.

Shares of Intel fell 1.58% to $26.73. TheStreet Ratings gives Intel an A+ grade with a buy rating and a $32.22 price target.

The biggest gainer in the index was Caterpillar (CAT - Get Report). Shares rose 81 cents to $115.81.

-- Written by Alexandra Zendrian in New York.

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to:

>To follow the writer on Twitter, go to Alexandra Zendrian.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BAC $14.05 -0.57%
CAT $72.79 -1.95%
INTC $29.90 0.17%
WMT $67.21 0.03%
AAPL $93.24 -0.41%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs