Midday movers: Procter & Gamble, Apple, Netflix

Stocks are higher as the Dow continues to hit fresh recovery highs and the S&P moves back above 1,500.

By MSN Money Partner Jan 25, 2013 2:14PM
 Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Three Dow components reported earnings Thursday night or Friday morning and all three advanced after their reports. Procter & Gamble (PG) led the Dow with a nearly 4% advance after its earnings and guidance beat expectations. Microsoft (MSFT) rose nearly 1% and AT&T (T) gained over 0.6%.

Apple's (AAPL) 2% slide took its market cap below $414 billion near noon, which meant Exxon Mobil (XOM), which was essentially flat, regained its spot as the most valuable company in the world with a market cap just above $416 billion. 

Among the notable gainers were Oshkosh (OSK), which rose 15% after beating quarterly earnings expectations and raising its FY13 profit view, and Netflix (NFLX), which added another 14% after gaining over 42% yesterday. 

Among the noteworthy losers were Select Comfort (SCSS), down 18%, and 8x8 (EGHT), down 10% after their earnings reports. 

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