Hot US Stocks today july 22 2011, Caterpillar, McDonald's, Verizon, Advanced Micro Devices : U.S. stocks traded lower Friday as the Dow Jones Industrial Average fell 71 points to 12653, the Standard & Poor's 500 lost 5.9 points to 1338 and the Nasdaq Composite slid 2.1 points to 2832. Among the companies whose shares are actively trading in the session are Caterpillar Inc. (CAT), McDonald's Corp. (MCD) and Verizon Communication Inc. (VZ).
Caterpillar's ($104.33, -$7.27, -6.51%) second-quarter earnings surged 44%, but fell short of expectations as rising costs linked to rapidly expanding sales of construction machinery and engines put pressure on margins. Rivals Deere & Co. (DE, $80.50, -$1.80, -2.19%) and Cummins Inc. (CMI, $105.93, -$1.65, -1.53%) also traded lower.
McDonald's ($88.95, +$2.41, +2.78%) better-than-expected second-quarter earnings rose 15% as the fast-food giant's new menu choices continued to drive sales. The company also expects July global same-store sales growth between 4% and 5%, easing from June's 7.7% increase.
Verizon Communication Inc. (VZ, $36.50, -$1.07, -2.84%) swung to a bigger-than-expected second-quarter profit, although it had fewer new Apple Inc. (AAPL, $389.98, +$2.69, +0.69%) iPhone subscribers than rival AT&T Inc. (T, $29.90, -$0.38, -1.25%), and the company formally named Lowell McAdam as chief executive, starting Aug. 1.
Advanced Micro Devices Inc. (AMD, $7.42, +$0.92, +14.15%) swung to a profit in the second quarter and provided strong guidance for the third quarter on hopes its new processors will gain traction in mainstream notebooks and servers, taking share from rival Intel Corp. (INTC, $22.99, +$0.18, +0.79%).
Edwards Lifesciences Corp.'s (EW, $76.90, -$5.65, -6.84%) second-quarter earnings edged up 1% as a sharp jump in sales of its specialized heart valves helped offset higher costs. But the company offered a weak outlook for the current quarter.
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