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Dow Today: Chevron (CVX) Leads The Day Higher, 3M (MMM) 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 144.0 points (-0.9%) at 16,026. During the day, 456.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 424.3 million. The NYSE advances/declines ratio closed at 859 issues advancing vs. 2,193 declining with 121 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 Chevron (NYSE:CVX), which sported a 34-cent gain (+0.3%) bringing the stock to $117.03. Volume for Chevron ended the day at seven million shares traded vs. an average daily trading volume of 6.6 million shares.

Chevron has a market cap of $227.38 billion and is part of the basic materials sector and energy industry. Shares are down 6.6% year-to-date as of Thursday's close. The stock's dividend yield sits at 3.4%.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.

Holding the Dow back today was 3M (NYSE:MMM), which lagged the broader Dow index with a $1.58 decline (-1.2%) bringing the stock to $132.39. This single loss is lowering the Dow Jones Industrial Average by 11.96 points or roughly accounting for 8.3% of the Dow's overall loss. Volume for 3M ended the day at 2.4 million shares traded vs. an average daily trading volume of three million shares.

3M has a market cap of $89.36 billion and is part of the industrial goods sector and industrial industry. Shares are down 4.5% year-to-date as of Thursday's close. The stock's dividend yield sits at 2.6%.

3M Company operates as a diversified technology company worldwide.

TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins 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 17,098.45 +18.88 0.11%
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