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
TheStreet Open House

Disney, Pfizer: Dow Movers

NEW YORK ( TheStreet) -- U.S. stocks finished Tuesday up after strong earnings and positive economic reports helped investors look past Federal Reserve Chairman Ben Bernanke staying mum about additional monetary stimulus during an appearance before Congress.

The Dow Jones Industrial Average gained 78 points, or 0.62%, to close at 12,805.54. Breadth was positive with 26 of the index's 30 components posting gains.

The biggest advancers among the blue chips were Walt Disney (DIS) and Pfizer (PFE).

Shares of Walt Disney rose 3.11% to $49.35 after Bank of America Merrill Lynch upgraded the stock to buy from neutral and lifted its 12-month price target to $58 from $45.

"Despite healthy YTD performance, we believe DIS risk/reward is skewed favorably (upside potential is 2.4x greater than downside risk) heading into 2013," the firm said. "Our new $58 PO implies +21% upside potential and 15.6x CY13E P/E (conservative relative to historical premiums to the market), with substantial room to move higher given our Bull Case value of over $60 and BofAML Technical Analysis projecting similar (if not higher) potential."

Disney's stock has risen 31.6% year to date.

Pfizer shares increased 2.12% to $23.62. The stock hit a 52-week high Tuesday of $23.73.

The stock has risen 9.15% year to date.

Though not one of the biggest gainers, Coca-Cola shares rose 1.58% to $77.69. The beverage giant reported second-quarter net income on Tuesday of $2.79 billion, or $1.21 a share, compared with year-earlier earnings of $2.81 billion, or $1.20 a share.

Analysts, on average, were expecting second-quarter profit of $1.19 a share.

The stock has risen 11.03% year to date.

-- 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: tips@thestreet.com.

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

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • 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