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Dow Today: International Business Machines (IBM) Leads The Day Higher, Caterpillar (CAT) Lags

The Dow Jones Industrial Average ( ^DJI) closed down 3.0 points at 12,977. During the day, 521.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio closed at 997 issues advancing vs. 2,006 declining with 109 unchanged.

The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $1.28 gain (+0.7%) bringing the stock to $198.81. Volume for International Business Machines ended the day at 3.6 million shares traded vs. an average daily trading volume of 5.1 million shares.

International Business Machines has a market cap of $226.21 billion and is part of the technology sector and computer hardware industry. Shares are up 7.4% year to date as of Thursday's close. The stock's dividend yield sits at 1.5%.

International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. The company has a P/E ratio of 15.1, above the average computer hardware industry P/E ratio of 14.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

Holding the Dow back today was Caterpillar (NYSE: CAT), which lagged the broader Dow index with a 96-cent decline (-0.8%) bringing the stock to $112.43. This single loss lowered the Dow Jones Industrial Average by 7.27 points or roughly accounting for 242.3% of the Dow's overall loss. Volume for Caterpillar ended the day at 5.2 million shares traded vs. an average daily trading volume of 7.8 million shares.

Caterpillar has a market cap of $68.73 billion and is part of the industrial goods sector and industrial industry. Shares are up 25.2% year to date as of Thursday's close. The stock's dividend yield sits at 1.6%.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The company has a P/E ratio of 15.4, below the average industrial industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

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