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Dow Today: International Business Machines (IBM) Leads The Day Higher, Intel (INTC) Lags

The Dow Jones Industrial Average ( ^DJI) closed up 70 points (+0.5%) at 12,907. During the day, 555.9 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 2,406 issues advancing vs. 614 declining with 79 unchanged.

The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $2.04 gain (+1%) bringing the stock to $199.81. This single gain is lifting the Dow Jones Industrial Average by 15.44 points or roughly accounting for 22.1% of the Dow's overall gain. Volume for International Business Machines ended the day at 3.1 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 7.3% year to date as of Wednesday'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, expanding profit margins, good cash flow from operations and solid stock price performance. 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 Intel (Nasdaq: INTC), which lagged the broader Dow index with a seven-cent decline (-0.3%) bringing the stock to $26.84. Volume for Intel ended the day at 33.1 million shares traded vs. an average daily trading volume of 51.9 million shares.

Intel has a market cap of $136.95 billion and is part of the technology sector and electronics industry. Shares are up 11% year to date as of Wednesday's close. The stock's dividend yield sits at 3.2%.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms primarily in the Asia-Pacific, the Americas, Europe, and Japan. The company has a P/E ratio of 11.1, below the average electronics industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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DOW 17,265.99 +109.14 0.64%
S&P 500 2,011.36 +9.79 0.49%
NASDAQ 4,593.4250 +31.2360 0.68%

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