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IBM, Bank of America, Home Depot: Dow Midday Movers

Tickers in this article: HD ^DJI IBM BAC

NEW YORK (TheStreet) -- Stocks were on the rise midday Thursday after better-than-expected jobless claims.

The Dow Jones Industrial Average rose 48.78 points to 12,987.45. Leading the Dow higher were IBM(IBM) , Bank of America(BAC) and Home Depot(HD) .

Shares of Bank of America rose 7 cents to $8.02. This came despite news thatbank fees could be threatened by the Consumer Financial Protection Bureau, which is probing overdraft practices.

TheStreet Ratings gives Bank of America a D+ grade and sell rating.

Home Depot shares increased 43 cents to $47. The home-improvement retailer reported fourth-quarter earnings Tuesday of $774 million, or 50 cents a share, up from year-ago earnings of $587 million, or 36 cents.

Home Depot gets an A+ grade from TheStreet Ratings with a buy rating and $58.67 price target.

Shares of IBM rose 2.59% to $198.89. The stock hit a 52-week high Thursday of $199.23.

TheStreet Ratings gives IBM an A+ grade with a buy rating and a $253.34 price target.

The biggest decliners in the index midday Thursday were HP(HPQ) and Pfizer(PFE) . HP was off 4.5%; Pfizer was down 1.3%.

Hewlett-Packard, the PC and printer maker, said first-quarter adjusted earnings topped analysts' estimates but its outlook for the current quarter came in short of Wall Street expectations.

-- Written by Alexandra Zendrian

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