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Dow Today: Visa (V) Leads The Day Higher, Chevron (CVX) 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 up 32 points (+0.2%) at 16,550. During the day, 319 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 394.9 million. The NYSE advances/declines ratio closed at 1,283 issues advancing vs. 1,787 declining with 139 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 Visa (NYSE: V), which sported a $2.20 gain (+1.1%) bringing the stock to $210.90. This single gain lifted the Dow Jones Industrial Average by 16.65 points or roughly accounting for 52% of the Dow's overall gain. Volume for Visa ended the day at 3.6 million shares traded vs. an average daily trading volume of 3.6 million shares.

Visa has a market cap of $102.56 billion and is part of the financial sector and financial services industry. Shares are down 6.3% year-to-date as of Wednesday's close. The stock's dividend yield sits at 0.8%.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

TheStreet Ratings rates Visa 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Holding the Dow back today was Chevron (NYSE: CVX), which lagged the broader Dow index with a $1.14 decline (-0.9%) bringing the stock to $125.09. Volume for Chevron ended the day at five million shares traded vs. an average daily trading volume of 6.3 million shares.

Chevron has a market cap of $237.9 billion and is part of the basic materials sector and energy industry. Shares are up 1.1% year-to-date as of Wednesday'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 has had somewhat weak growth in earnings per share.

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DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

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