NEW YORK ( TheStreet) -- Bank of America ( BAC), Alcoa ( AA) and Caterpillar ( CAT) were top Dow Jones Industrial Average gainers last week, while Procter & Gamble ( PG), Home Depot ( HD) and Microsoft ( MSFT) were among the index's laggards.Bank of America led the list of advancers last week, up 13.8%. Financial stocks were top gainers last week after European leaders offered what they said was a comprehensive plan to stem their debt crisis. JPMorgan Chase & Company ( JPM) rose 9.8% last week. Shares of Alcoa rallied 13.1%. The market became aware that aluminum will have the biggest annual demand increase among industrial metals as supply converts to shortage through 2015. Consumption will likely outpace supply in 2015 as demand grows at an average 7.6% per annum, according to research firm CRU. Caterpillar rose 10.8% last week, after the company reported record third-quarter 2011 results. Caterpillar reported net profit of $1.41 billion, or $1.71 per share, compared with $792 million, or $1.22 per share, in the same quarter a year before. Sales and revenue grew to an all-time high of $15.7 billion, up 41% year over year. For full-year 2011, the company estimates EPS to come in at the higher end of its previous range of $6.25 to $6.75. Similarly, sales are also seen at $58 billion, the higher end of its earlier view of $56 billion to $58 billion. Hewlett-Packard ( HPQ) jumped 10.1%. Bloomberg reports that HP is planning to design and sell servers powered by RISC-based ARM chips. The company is already working on the chips with Texas-based Calxeda, which is partly owned by ARM Holdings ( ARMH). E.I. du Pont de Nemours & Company ( DD) added 9.3% after reporting 32% increase in its third-quarter 2011 sales to $9.2 billion. EPS increased to 48 cents from 40 cents a year before. Meanwhile, DuPont has raised its full-year 2011 adjusted EPS guidance to $3.97 to $4.05 from the previous range of $3.90 to $4.05. American Express Company ( AXP) was up 7.5% last week.
Cisco Systems ( CSCO) rose 6.8%. Last week a UBS analyst raised the stock's rating to buy from neutral with a new target price of $19.75, indicating 6.4% upside from current levels. The analyst adds that networking demand is strong in the U.S. and stable in Europe and Cisco will likely benefit from these trends in the near term. Boeing ( BA) gained 5.5% after reporting a 31% increase in third-quarter 2011 profit and a 4.5% boost in revenue. During the quarter, the airplane maker's backlog grew to $332 billion. The company has raised its EPS guidance for 2011 to $4.30 to $4.40 from the previous range of $3.90 to $4.10. Merck & Company ( MRK) gained 5.3% after reporting 8% increase in its third-quarter 2011 worldwide sales. Non-GAAP EPS rose to 94 cents from 85 cents in the year-ago quarter. For 2011, the company estimates non-GAAP EPS to be in the range of $3.72 to $3.76 from the earlier range of $3.68 to $3.76. Procter & Gamble shed 2.3% at close last week after reporting a drop in its net earnings to $3.02 billion from $3.08 billion recorded in the prior-year quarter. Home Depot followed, losing 2%. Microsoft lost 0.7% last week.