Today’s Top Gainers In US Stocks Because Of Earnings (CSCO, CVS, NWS, DYN, WFMI)

Today, US stocks rose to bring the Dow Jones Industrial Average to the biggest gains it has experience since July. Stocks used earning reports to increase share prices as they beat analyst expectations. S&P 500 companies that have reported earnings on the average beat analyst expectations, around 81%. This is the highest percentage since 1993.

One of those stocks, Cisco Systems Inc. (NASDAQ: CSCO) gained 2.75% after reporting stronger than projected profits of $1.8 billion or 31 cents a share beating analyst expectations of 30 cents a share.

Another stock that took advantage of good earnings to propel stock prices was CBS Corp. (NYSE: CBS) whose share prices rose 7.48% after reporting increased profits in the third quarter. CBS Corp reported third quarter earnings of $207.6 million compared to losses of $12.46 billion the same quarter a year before.

Toyota (NYSE: TM) also surged in today’s market posting gains of 1.41% after posting an income of $242 million. This comes after Toyota posted three consecutive losing quarters. The increase in profits is partly due to world government’s push to increase demand for hybrid cars.

One of the top gainers for the day was Dynegy Inc. (NYSE: DYN) after it rose 9.63% after they announce earnings of 27 cents a share. Dynegy Inc. crushed analyst expectations which were at 3 cents a share.

CVS Caremark Corp. (NYSE: CVS) also reported gains today, posting an increase in third quarter earning of 39% from the same quarter a year ago and beating estimates. However, share were down 11%, due to CVS Caremark Corp.’s unit for managing Pharmacy benefits reportedly losing $3.7 billion in contracts, as well, as a probe by the US Federal Trade Commission to look into their Business Practices.

Other companies that reported earnings include, Whole Foods Market (NASDAQ: WFMI) which dropped 15.47% despite a strong fourth quarter profit; Time Warner Cable inc. (NYSE: TWC)which rose 2% after reporting earnings that beat expectations; Dr. Pepper (NYSE: DPS) who fell 4.2% despite an earnings rise of 42%; Sara Lee Corp (NYSE: SLE) ,rising 3.68% after reporting an increase in earnings of 23.5%; and NewsCorp (NYSE: NWS)which increased share prices 3.37% after reporting an 11% increase in profits for the first fiscal quarter.