Disney, Coca-Cola: Dow Movers
NEW YORK (
) -- Stocks
amid rising hopes that deal to keep Greece out of default will be reached soon.
The
Dow Jones Industrial Average
advanced 33 points, or 0.26%, to 12,878.20. The
S&P 500
had a gain of 2.72 points to 1,347.05 and the
Nasdaq Composite
increased 2 points to 2,904.08.
Breadth within the Dow was positive with 20 of the index's 30 components moving higher.
The biggest percentage gainers among the blue chips were
Walt Disney
(DIS) - Get Report
,
Coca-Cola
(KO) - Get Report
and
Exxon Mobil
(XOM) - Get Report
.
Disney shares increased 1.29% Tuesday to $40.98. The company reported its first-quarter results after the market closed on Tuesday; net income was $1.46 billion, or 80 cents a share, on $10.8 billion in revenue.
Net income increased 12% from the year-ago first quarter; revenue ticked up 1% in that time period and earnings per share rose 18%. Analysts, on average, anticipated 72 cents a share in earnings on revenue of $11.18 billion. The stock was off nearly 2%
.
TheStreet Ratings
gives Disney a B+ grade with a buy rating and has a
price target on the shares.
Coca-Cola shares increased 52 cents to $68.55. The company reported fourth-quarter earnings that
on expanding international sales volume. The Atlanta-based beverage giant reported earnings of 79 cents a share on $11.04 billion in revenue; analysts had expected earnings of 77 cents a share on revenue of $10.99 billion.
TheStreet Ratings
gives Coca-Cola an A grade with a buy rating and has a
price target on the shares.
Shares of Exxon Mobil rose 59 cents to $86.44. The energy company will go
Wednesday, meaning investors needed to purchase the stock on Tuesday to qualify for the next dividend payment.
Exxon Mobil gets a B+ grade from
TheStreet Ratings
with a buy rating and has a
price target on the stock.
Bank of America
(BAC) - Get Report
was the biggest decliner in the Dow on Tuesday. Its shares fell 1.51% to $7.85.
Bank analyst Dick Bove said Bank of America's stock could reach
. He added that the value of the bank's debt is soaring.
TheStreet Ratings
gives Bank of America a
and a sell rating.
--
Written by Alexandra Zendrian in New York
.
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