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Dow Today: JPMorgan Chase (JPM) Leads The Day Higher, International Business Machines (IBM) 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) closed down 129.0 points (-1%) at 13,344. During the day, 595.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 574.2 million. The NYSE advances/declines ratio closed at 1,140 issues advancing vs. 1,862 declining with 110 unchanged.

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The Dow component that led the way higher today was JPMorgan Chase (NYSE:JPM), which sported a 39-cent gain (+0.9%) bringing the stock to $41.77. Volume for JPMorgan Chase ended the day at 25.6 million shares traded vs. an average daily trading volume of 25.6 million shares.

JPMorgan Chase has a market cap of $158.26 billion and is part of the financial sector and banking industry. Shares are up 24.5% year to date as of Tuesday's close. The stock's dividend yield sits at 2.9%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 9.6, above the average banking industry P/E ratio of 9.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Holding the Dow back today was International Business Machines (NYSE:IBM), which lagged the broader Dow index with a $2.17 decline (-1%) bringing the stock to $205.82. This single loss is lowering the Dow Jones Industrial Average by 16.42 points or roughly accounting for 12.7% of the Dow's overall loss. Volume for International Business Machines ended the day at four million shares traded vs. an average daily trading volume of 3.6 million shares.

International Business Machines has a market cap of $239.78 billion and is part of the technology sector and computer hardware industry. Shares are up 13.1% year to date as of Tuesday's close. The stock's dividend yield sits at 1.6%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 15.3, equal to the average computer hardware industry P/E ratio 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 growth in earnings per share, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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DOW 16,501.65 0.00 0.00%
S&P 500 1,878.61 +3.22 0.17%
NASDAQ 4,148.3380 +21.3710 0.52%

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