IBM, Bank of America, Home Depot: Dow Midday Movers
NEW YORK (TheStreet) -- Stocks were on the rise midday Thursday after better-than-expected jobless claims.
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.
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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