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Dow Today: Bank Of America Corporation (BAC) Leads The Day Higher, Coca-Cola (KO) Lags

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average (^DJI) is trading up 76 points (+0.6%) at 13,513 as of Monday, Oct 1, 2012, 9:35 a.m. ET. During this time, 34.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 578.7 million. The NYSE advances/declines ratio sits at 2,092 issues advancing vs. 646 declining with 147 unchanged.

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The Dow component leading the way higher looks to be Bank of America Corporation (NYSE:BAC), which is sporting a 19-cent gain (+2.1%) bringing the stock to $9.02. This single gain is lifting the Dow Jones Industrial Average by 1.44 points or roughly accounting for 1.9% of the Dow's overall gain. Volume for Bank of America Corporation currently sits at 14 million shares traded vs. an average daily trading volume of 131.8 million shares.

Bank of America Corporation has a market cap of $96.67 billion and is part of the financial sector and banking industry. Shares are up 61.3% year to date as of Friday's close. The stock's dividend yield sits at 0.4%.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. The company has a P/E ratio of 7.1, below the average banking industry P/E ratio of 9.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow.

Holding back the Dow today is Coca-Cola (NYSE:KO), which is lagging the broader Dow index with a $1.38 decline (-3.5%) bringing the stock to $38.24. Volume for Coca-Cola currently sits at 604,152 shares traded vs. an average daily trading volume of 16.5 million shares.

Coca-Cola has a market cap of $172.47 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 9.5% year to date as of Friday's close. The stock's dividend yield sits at 2.7%.

The Coca-Cola Company, a beverage company, engages in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. The company has a P/E ratio of 20.3, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Coca-Cola as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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DOW 17,048.49 +65.90 0.39%
S&P 500 1,984.12 +5.21 0.26%
NASDAQ 4,469.2070 +24.2980 0.55%

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