MARKET PULSE-Cisco, Wal-Mart, Sorrento, Kohl's, Gentiva, Bristol-Myer

Thu May 15, 2014 10:17am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stocks fell on Thursday, pressured by weaker-than-expected earnings from Wal-Mart Stores, the biggest U.S. retailer. The Dow Jones industrial average was down 0.96 percent at 16,454.2 and the S&P 500 was down 1.05 percent at 1,868.61.

** CISCO SYSTEMS INC, $24.45, +7.19 pct

The network equipment maker posted a shallower-than-expected 5.5 percent drop in quarterly revenue, as recovering demand in regions like the United States and Northern Europe helped offset sluggish sales in emerging markets.

At least 13 brokerages raised their price targets on the company's stock.

** WAL-MART STORES INC, $77.21, -1.94 pct

The company reported a 5 percent drop in quarterly profit as a severe winter in the United States kept shoppers from its stores.