Disney, Kraft, IBM: Dow Movers
The Dow Jones Industrial Average rose 194 points, or 1.5%, to close at 13,115 on Tuesday. The S&P 500 increased 1.6% to 1391 and the Nasdaq Composite gained 1.8% to 3043.
Breadth within the Dow was positive with all 30 of the index's components posting gains.
The biggest percentage gainers among the blue chips were Walt Disney
Shares of Walt Disney rose 2.45% to $42.68. The media company is going to produce the third Iron Man movie in China, according to The Wall Street Journal.
TheStreet Ratings gives Walt Disney an A- grade with a buy rating and $48.68 price target.
Kraft Foods shares increased 2.39% to $38.48. TheStreet Ratings gives Kraft Foods an A+ grade with a buy rating and $47.27 price target.
Shares of IBM rose 2.33% to $207.45 during the trading day but pulled back in the extended session after Big Blue's first-quarter earnings report.
TheStreet Ratings gives IBM an A+ grade with a buy rating and $266.87 price target.
Dow component Intel
Shares of the world's biggest chip maker rose 6 cents, or 0.23%, in regular trading on Tuesday to $28.47 but dropped 2% in the extended session.
Though not among the largest percentage gainers, Coca-Cola
Shares of Coca-Cola rose 2.08% to $73.95. The beverage company reported first-quarter net income of $2.05 billion, or 89 cents a share, up from year-earlier earnings of $1.9 billion, or 82 cents.
Coca-Cola's stock hit a 52-week high Tuesday of $74.48. The stock's 52-week low of $63.34 was set on Oct. 4.
TheStreet Ratings gives Coca-Cola an A grade with a buy rating and $83.41 price target.
Johnson & Johnson shares rose 24 cents, or 0.38%, to $64.22. The consumer goods and drugs company reported first-quarter earnings excluding special items Tuesday of $3.8 billion, or $1.37 a share. Analysts, on average, were expecting earnings of $1.35 a share.
Though Johnson & Johnson's profit beat estimates, its global sales fell 2.4% in the first quarter.
TheStreet Ratings gives Johnson & Johnson a B- grade with a buy rating and $74.09 price target.
--Written by Alexandra Zendrian in New York.
>To contact the writer of this article, click here: Alexandra Zendrian
>To submit a news tip, send an email to: firstname.lastname@example.org.
>To follow the writer on Twitter, go to Alexandra Zendrian.