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TheStreet Open House

McDonald's, GE, Microsoft: Dow Midday Movers

Stocks in this article: ^DJIMSFTMCDBACGE

NEW YORK ( TheStreet) -- General Electric (GE), McDonald's (MCD) and Microsoft (MSFT) were leading the Dow Jones Industrial Average higher Friday after posting positive earnings.

The Dow rose 108.91 points to 13,073.01.

Shares of Microsoft rose 5.71% to $32.78. The software company reported Thursday fiscal third-quarter earnings of $5.11 billion, or 60 cents a share, down from year-earlier earnings of $5.23 billion, or 61 cents a share. The company's third-quarter earnings topped analysts' estimates of 57 cents a share.

Microsoft was also the top gainer in the S&P 500 Friday morning.

TheStreet Ratings gives Microsoft an A grade with a buy rating and $35.78 price target.

McDonald's shares increased 2.17% to $97.35. The fast-food chain's earnings were in line with analysts' expectations.

McDonald's posted first-quarter earnings of $1.27 billion, or $1.23 a share, on revenue of $6.55 billion. Year-earlier earnings were $1.2 billion, or $1.15 a share, on revenue of $6.11 billion.

TheStreet Ratings gives McDonald's an A grade with a buy rating and $128.16 price target.

Shares of General Electric gained 1.83% to $19.49. The multinational company beat analysts' earnings estimates by a penny with earnings of $3.6 billion, or 34 cents a share. Profit rose year-earlier earnings of $2.3 billion, or 21 cents a share. Analysts expected earnings of 33 cents a share.

TheStreet Ratings gives General Electric a B grade with a buy rating and $22.29 price target.

The biggest decliner in the index midday Friday was Bank of America (BAC). Shares fell 2.45% to $8.56.

CLSA analyst Mike Mayo slapped a sell rating on the stock following Bank of America's first-quarter earnings earlier this week. Mayo thinks the bank's earnings power is declining.

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

-- Written by Alexandra Zendrian



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

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