Midday movers: Coca-Cola, Avon, Michael Kors

Stocks are mixed as investors remain on the sideline ahead of President Obama's State of the Union address.

By MSN Money Partner Feb 12, 2013 2:00PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Coca-Cola (KO) was the worst-performing member of the Dow Jones Industrial Average, sliding nearly 3% after reporting earnings that just beat consensus on revenue that just missed analyst forecasts. 

The company said global unit case volume rose 3% during the quarter and that it expects economic volatility to extend through 2013.

Among the notable gainers were Avon Product (AVP), which rose over 19% and Michael Kors (KORS), which advanced 10% after their earnings reports. 

Also higher were shares of Barclays (BCS), which gained more than 8% after the company also reported quarterly results but additionally said it expects to reduce its headcount by at least 3,700 in 2013. 

Among the noteworthy losers were Level 3 (LVLT), down nearly 11%, and Valspar (VAL), down over 7% after their earnings reports. 
Tags: AVPBCSKOKORSLVLTVAL
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