Dow Jones (DJIA) Today: International Business Machines (IBM) Leads The Day Higher, Walt Disney (DIS) 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 39 points (+0.2%) at 18,135. During the day, 258.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375 million. The NYSE advances/declines ratio closed at 1,674 issues advancing vs. 1,373 declining with 157 unchanged.
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The Dow component that led the way higher today was
International Business Machines
(NYSE:
), which sported a $1.76 gain (+1.1%) bringing the stock to $161.18. This single gain lifted the Dow Jones Industrial Average by 13.32 points or roughly accounting for 34.2% of the Dow's overall gain. Volume for International Business Machines ended the day at 3.8 million shares traded vs. an average daily trading volume of 4.9 million shares.
International Business Machines has a market cap of $159.17 billion and is part of the technology sector and computer software & services industry. Shares are down 0.6% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.7%.
International Business Machines Corporation provides information technology (IT) products and services worldwide.
TheStreet Ratings rates International Business Machines as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.
- You can view the full International Business Machines Ratings Report.
Holding the Dow back today was
(NYSE:
), which lagged the broader Dow index with a 54-cent decline (-0.5%) bringing the stock to $105.03. Volume for Walt Disney ended the day at 3.9 million shares traded vs. an average daily trading volume of 7.2 million shares.
Walt Disney has a market cap of $180.75 billion and is part of the services sector and media industry. Shares are up 12.1% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.1%.
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
TheStreet Ratings rates Walt Disney as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Walt Disney Ratings Report.
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