Wal-Mart, Chevron: Dow Midday Movers

NEW YORK ( TheStreet) -- U.S. stocks were rising midday Thursday after a report on pending home sales showed a rise in March.

The Dow Jones Industrial Average was rising 50.10 points to 13,140.82. Leading the Dow higher were Wal-Mart ( WMT) and Chevron ( CVX).

Shares of Wal-Mart rose 2.74% to $58.93. Earlier this week, Wal-Mart was making headlines for allegedly using bribes to get stores up and running faster in Mexico.

TheStreet Ratings gives Wal-Mart an A grade with a buy rating and $71.41 price target.

Chevron shares gained 1.8% to $105.72. The company is scheduled to report first-quarter earnings on Friday. Analysts, on average, anticipate earnings of $3.26 a share on revenue of $72.42 billion.

TheStreet Ratings gives Chevron an A grade with a buy rating and $123.79 price target.

The biggest decliner in the index midday was Exxon Mobil ( XOM). Shares fell 1.78% to $85.30.

The energy company reported first-quarter earnings Thursday of $9.45 billion, or $2 a share, down from year-earlier earnings of $106.5 billion, or $2.14 a share.

Analysts were expecting earnings of $2.09 a share.

TheStreet Ratings gives Exxon Mobil a B+ grade with a buy rating and $99.60 price target.

-- Written by Alexandra Zendrian

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