Disney, Pfizer: Dow Movers
NEW YORK (
) -- Stocks were mixed Thursday
ahead of tomorrow's big jobs report for January
.
The
Dow Jones Industrial Average
fell 11.12 points , or 0.09%, to 12,705.34. The
S&P 500
rose 1.45 points to 12,705.34 and the
Nasdaq Composite
increased 11.41 points to 2,859.68.
Breadth within the Dow was negative with 18 of the index's 30 components posting losses.
Cisco
(CSCO) - Get Report
ended the day flat.
The biggest percentage decliners in the index were
Walt Disney
(DIS) - Get Report
and
Pfizer
(PFE) - Get Report
.
Disney shares dropped 1.07% to $38.91. The company announced that it took a controlling interest in India's UTV Software Communications company on Tuesday.
Disney is scheduled to report its first-quarter results on Feb. 7. Analysts, on average, expect earnings of 71 cents a share on $11.2 billion in revenue in the December-ended period.
TheStreet Ratings
gives Disney a B+ grade and has a
price target on the stock.
Pharmaceutical company Pfizer saw its shares fall 2.06% to $20.87. Pfizer said Wednesday it is recalling
1 million packets of birth control pills
because they lack a high enough dosage to prevent pregnancy.
Earlier this week, Pfizer reported
of $3.86 billion, or 50 cents a share, which beat analysts' estimates of 47 cents. But the company also lowered its 2012 earnings estimates to between $2.20 and $2.30 a share from a previous outlook of $2.25 to $2.35.
Pfizer gets an A- grade from
TheStreet Ratings
and
price target.
Though one of the biggest decliners, Merck shares dropped 1.19% to $38.17. Before Thursday's opening bell, the pharmaceutical company reported fourth-quarter earnings of $2.98 billion, or 97 cents a share, which
beat analysts' estimates of 95 cents a share
.
Merck said it expects its 2012 profit to be flat, forecasting a profit of $3.75 to $3.85 per share this year, compared with a non-GAAP profit of $3.77 a share in 2011.
TheStreet Ratings
gives Merck a B grade and has a
price target on the stock.
The biggest percentage gainers in the Dow were
Alcoa
(AA) - Get Report
,
Bank of America
(BAC) - Get Report
and
American Express
(AXP) - Get Report
. Each rose more than 1%.
--
Written by Alexandra Zendrian in New York
.
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