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Dow Today: International Business Machines (IBM) Leads The Day Higher, Goldman Sachs Group (GS) Lags

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) closed down 153.0 points (-1%) at 15,593. The NYSE advances/declines ratio closed at 661 issues advancing vs. 2,360 declining with 100 unchanged.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported an 82-cent gain (+0.5%) bringing the stock to $180.01. Volume for International Business Machines ended the day at 4.8 million shares traded vs. an average daily trading volume of 4.3 million shares.

International Business Machines has a market cap of $193.12 billion and is part of the technology sector and computer software & services industry. Shares are down 7.2% year to date as of Wednesday's close. The stock's dividend yield sits at 2.1%.

International Business Machines Corporation provides information technology (IT) products and services worldwide.

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, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Holding the Dow back today was Goldman Sachs Group (NYSE: GS), which lagged the broader Dow index with a $3.88 decline (-2.4%) bringing the stock to $159.64. This single loss lowered the Dow Jones Industrial Average by 29.37 points or roughly accounting for 19.2% of the Dow's overall loss. Volume for Goldman Sachs Group ended the day at 3.5 million shares traded vs. an average daily trading volume of 3.2 million shares.

Shares are up 27% year to date as of Wednesday's close. The stock's dividend yield sits at 1.4%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, growth in earnings per share, notable return on equity and increase in net income. 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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