McDonald's, Cisco: Dow Movers
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.
Shares of Cisco rose 1.94% to $19.98. TheStreet Ratings gives Cisco a B grade with a buy rating and $22.99 price target.
McDonald's shares increased 1.62% to $97.38. The fast food chain gets an A grade with a buy rating and $125.06 price target.
The biggest decliner in the Dow was Procter & Gamble(PG) . 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.
TheStreet Ratings gives Procter & Gamble an A- grade with a buy rating and $76.89 price target.
--Written by Alexandra Zendrian in New York.
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