Home Depot, Microsoft: Dow Midday Movers

NEW YORK ( TheStreet) -- Stocks were mixed midday Monday after Apple announced its dividend and share buyback program and amid a lukewarm housing report.

The Dow Jones Industrial Average fell 8.47 points to 13,224.15. Leading the Dow lower were Home Depot ( HD) and Microsoft ( MSFT).

Shares of Home Depot fell 1.02% to $48.55. TheStreet Ratings gives the No. 1 home-improvement retailer an A+ grade with a buy rating and a $59.06 price target.

Microsoft shares dropped 1.27% to $32.19. The software company gets an A grade from TheStreet Ratings with a buy rating and a $37.94 price target.

The biggest gainers in the index midday were Bank of America ( BAC), Alcoa ( AA) and JPMorgan Chase ( JPM).

Bank of America shares rose 1.89% to $9.98. The bank was one of five, including Citigroup ( C), which received revised loan-loss ratios from the Federal Reserve.

TheStreet Ratings gives Bank of America a C- grade and a hold rating.

Shares of Alcoa increased 1.71% to $10.72. The aluminum company gets a C grade and hold rating from TheStreet Ratings.

JPMorgan shares rose .7%, or 31 cents, to $44.88. Morgan Stanley analysts raised their earnings projections on the major banks on Sunday. JPMorgan's first-quarter estimate was raised to $1.22 a share from $1.07.

TheStreet Ratings gives JPMorgan a B+ grade with a buy rating and a $51.63 price target.

-- Written by Alexandra Zendrian

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