NEW YORK ( TheStreet) -- DuPont ( DD), Caterpillar ( CAT) and Intel ( INTC) emerged top gainers; American Express ( AXP), Bank of America ( BAC) and Johnson & Johnson ( JNJ) were on the losing side.
DuPont advanced 4.0%, topping the energy gainers. During the week, the company posted 2010 fourth quarter net income of $376 million, or 40 cents per share, from $441 million, or 48 cents per share, a year earlier, beating consensus estimates of 31 cents. Citigroup raised its price target for DuPont to $65 from $62, while maintaining buy rating on the stock. The bank estimates DuPont to report 2011 EPS of $3.80 per share vs. the consensus $3.51 per share, and 2012 EPS of $4.10 vs. consensus $4.04 per share. Caterpillar, the world's largest maker of construction equipment, rose 3.2% after 2010 fourth quarter earnings topped consensus estimates, following strong sales growth rates in China, Australia and Latin America. Net income quadrupled to $968 million, or $1.47 cents per share, from $232 million, or 36 cents per share, in the prior year, beating the $1.28 per share consensus estimates of analysts polled by Bloomberg. Following the earnings announcement, UBS raised its price target to $100 from $93, maintaining its neutral rating. Meanwhile, RBC Capital Markets raised its target to $120 from $108 and Morgan Stanley raised it to $110 from $105, maintaining their overweight ratings. Currently, Caterpillar is trading at around $96. Intel advanced 3.1% during the week after announcing 18.12 cents per share quarterly dividend, reflecting a previously announced 15% increase from the fourth quarter. In addition, the company increased authorization limit for share repurchases by an additional $10 billion, bringing the total authorization for buybacks to $14.2 billion. BMO Capital raised the stock to outperform from market perform. IBM ( IBM) and General Electric ( GE) were up 2.4% and 2.3%, respectively. During the week, IBM declared a regular quarterly cash dividend of 65 cents per share. Meanwhile, GE, NRG Energy ( NRG) and ConocoPhillips ( COP) announced Thursday that they are forming a joint venture and have committed $300 million to develop new energy technologies. Meanwhile, Argus upgraded GE to buy from hold, citing an improved outlook for the industrial segment on the growing demand for healthcare imaging products and improving commercial air traffic.