Kraft, AT&T: Dow Midday Movers
NEW YORK (TheStreet) -- U.S. stocks were mixed midday Thursday, bouncing back from losses sustained Wednesday on more concerns about Europe's debt problems.
The Dow Jones Industrial Average fell 10.29 points, or 0.08%, to 13,064.46. Leading the Dow lower were AT&T(T) and Kraft Foods(KFT) .
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Shares of Kraft dropped 32 cents, or 0.84%, to $37.90. In the news this week, Kraft filed a registration statement related to the division of the company into a North American grocery business and a global snacks firm.
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TheStreet Ratings gives Kraft Foods an A+ grade with a buy rating and $46.43 price target.
AT&T shares lost 25 cents, or 0.8%, to $30.88. TheStreet Ratings gives AT&T a B grade with a buy rating and $36.05 price target.
Two of the biggest gainers in the index midday wereBank of America(BAC) and Home Depot(HD) .
Shares of Bank of America increased 1.2% to $9.31. On Wednesday, the stock fell 3%, making it the biggest loser in the Dow
The bank is scheduled to report its first-quarter results on April 19. Analysts, on average, anticipate earnings of 12 cents a share on revenue of $22.81 billion.
TheStreet Ratings gives Bank of America a C- grade and hold rating.
Home Depot shares gained 1.1% to $50.40.
TheStreet Ratings gives Home Depot an A+ grade with a buy rating and a $62.02 price target.
-- Written by Alexandra Zendrian
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