This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

AT&T, GE, Verizon: Dow Movers

Stocks in this article: ^DJI T GE VZ WMT

NEW YORK ( TheStreet) -- U.S. stocks finished Tuesday mixed following positive earnings from 3M (MMM) and AT&T (T) while consumer confidence fell a little below expectations.

The Dow Jones Industrial Average rose 74.39 points, or 0.58%, to 13,001.56 on Tuesday. The S&P 500 increased 5.03 points to 1,371.97 and the Nasdaq Composite dropped 8.85 points to 2,961.60.

Breadth within the Dow was positive with 24 of the index's 30 components posting gains. Merck (MRK) ended Tuesday flat.

The biggest gainers in the Dow were AT&T, General Electric (GE) and Verizon (VZ).

Shares of AT&T climbed 3.63% to $31.72. The telecommunication company's first-quarter earnings beat Wall Street's expectations. AT&T reported profit of 60 cents a share, excluding items; analysts were looking for earnings of 57 cents.

TheStreet Ratings gives AT&T a B grade with a buy rating and $35.50 price target.

General Electric shares increased 2.46% to $19.54. Two analysts raised their prices targets on the stock following General Electric's first-quarter earnings on Friday. Both Goldman Sachs' Terry Darling and William Blair's Nick Heymann increased their price targets to $22 from $21.

TheStreet Ratings gives General Electric a B grade with a buy rating and $22.11 price target.

Shares of Verizon gained 2.41% to $39.50. TheStreet Ratings gives Verizon an A- grade with a buy rating and $45.15 price target.

Though not one of the biggest gainers, 3M shares increased 1.56% to $88.49. The Scotch tape maker's first-quarter earnings beat analysts' estimates and the company raised the low end of its full-year guidance.

3M reported first-quarter earnings of $1.12 billion, or $1.59 a share, up from year-earlier earnings of $1.08 billion, or $1.49. The first quarter included a one-time charge of 4 cents a share. Analysts, on average, were expecting earnings of $1.49 a share.

The company lifted the low end of its 2012 profit outlook to $6.35 to $6.50 a share from earlier estimates of $6.25 to $6.50 a share.

TheStreet Ratings gives 3M an A- grade with a buy rating and $100.25 price target.

The largest percentage decliners in the index Tuesday were Wal-Mart (WMT) and Cisco (CSCO).

Shares of Wal-Mart fell 2.97% to $57.77. The stock extended Monday's weakness in the wake of revelations that company executives were involved in the bribery of Mexican officials.

TheStreet Ratings gives Wal-Mart an A grade with a buy rating and $71.41 price target.

Cisco shares dropped 1.32% to $19.42. TheStreet Ratings gives Cisco a B grade with a buy rating and $22.99 price target.

-- 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.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs