Midday movers: IBM, GE, Microsoft

Stocks are mixed despite declines in the shares of some of the biggest companies in the country following their earnings reports.

By MSN Money Partner Apr 19, 2013 2:26PM
Wall Street sign copyright Corbis, SuperStockThe Dow's three worst performers near noon were IBM (IBM), General Electric (GE) and McDonald's (MCD) after all three reported earnings Thursday night or Friday morning. IBM missed expectations on the top and bottom line and the most-heavily weighted stock in the Dow slid over 7% in response. However, Citigroup attributed the Q1 miss to deal slippage and said the pullback was a buying opportunity, maintaining its $250 price target on IBM shares.

Another tech heavyweight and Dow component, Microsoft (MSFT), advanced a bit over 3% after its own quarterly report.

Nelson Peltz's Trian Fund disclosed increased stakes in PepsiCo (PEP) and Mondelez (MDLZ), spurring advances in both. Pepsi responded by acknowledging it has held talks with Trian in recent weeks and will consider the investment firm's ideas and initiatives.

Shares of Dell (DELL) fell over 3.5%, and peer Hewlett-Packard (HPQ) slid 2%, after private equity firm Blackstone (BX) withdrew its takeover bid for Dell. 

Among the notable gainers was Vertex Pharmaceuticals (VRTX), which rose 58% as firms around the Street upgraded or increased their price targets on its shares following new data from a trial of a cystic fibrosis drug candidate. 

Among the noteworthy losers were Air Methods (AIRM), which fell 13% after warning it expects to report losses for its first quarter, and Rambus (RMBS), which slipped 11% after its quarterly report. 

(Microsoft owns and publishes Top Stocks, an MSN Money site.)
0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

124
124 rated 1
279
279 rated 2
471
471 rated 3
714
714 rated 4
642
642 rated 5
604
604 rated 6
614
614 rated 7
450
450 rated 8
303
303 rated 9
115
115 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
ARCPAMERICAN REALTY CAPITAL PROPERTIES Inc10
BIDUBAIDU Inc10
CITCIT GROUP Inc NEW10
HPQHEWLETT PACKARD CO10
ITUBITAU UNIBANCO BANCO MULTIPLO S.A.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.