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Alcoa, Bank of America, Boeing: Dow Midday Movers

NEW YORK ( TheStreet) -- U.S. stocks rebounded after a five-day slump as Alcoa's (AA - Get Report) first-quarter earnings beat expectations.

The Dow Jones Industrial Average rose 93.62 points, or 0.74%, midday Wednesday to 12,809.55. Leading the Dow higher were Alcoa, Bank of America (BAC - Get Report) and Boeing (BA - Get Report).

Shares of Alcoa increased 7.83% to $10.05.

Alcoa earned $94 million, or 10 cents a share, in the quarter; Wall Street was expecting a loss of 4 cents a share.

TheStreet Ratings gives Alcoa a C grade and hold rating.

Bank of America shares gained 3.81% to $8.86. Guggenheim analysts upgraded the bank on Wednesday to buy from neutral with an $11 price target.

Bank of America gets a C- grade and hold rating from TheStreet Ratings.

Shares of Boeing rose 2.44% to $72.32. The aerospace company announced Wednesday it is making some design changes to its 737 MAX to make its new-engine variant performance better.

TheStreet Ratings gives Boeing a B grade with a buy rating and $85 price target.

-- Written by Alexandra Zendrian

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Chart of I:DJI
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