McDonald's, Cisco: Dow Movers
By Alexandra Zendrian - 04/27/12 - 5:07 PM EDT
NEW YORK (TheStreet
) -- U.S. stocks finished Friday higher
after investors looked past a tepid GDP report to focus on what's shaping up to be a decent earnings season.
The Dow Jones Industrial Average
rose 23.62 points, or 0.18% to 13,228.24. The S&P 500
increased 3.38 points to 1,403.36 and the Nasdaq Composite
gained 18.59 points to 3,069.20.
Breadth within the Dow was positive with 19 of the index's 30 components posting gains.
The biggest percentage gainers among the blue chips were Cisco
Shares of Cisco rose 1.94% to $19.98. TheStreet Ratings
gives Cisco a B grade with a buy rating and $22.99
McDonald's shares increased 1.62% to $97.38. The fast food chain gets an A grade with a buy rating and $125.06
The biggest decliner in the Dow was Procter & Gamble
. Shares dropped 3.63% to $64.44.
P&G reported quarterly earnings Friday of $2.4 billion, or 82 cents a share, down from year-earlier earnings of $2.9 billion, or 96 cents. The latest quarter included 13 cents a share in charges related to restructuring
. Analysts, on average, expected earnings of 93 cents a share.
The consumer products giant lowered its full-year guidance
to a range of between $3.82 and $3.88 a share from a range of $3.93 to $4.03 a share. The current consensus view is for the company to report a profit of $3.96 a share for the year.
gives Procter & Gamble an A- grade with a buy rating and $76.89
--Written by Alexandra Zendrian in New York
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