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.
Dow Jones Industrial Average
) is trading up 135 points (+0.8%) at 17,575 as of Tuesday, Jul 28, 2015, 12:36 p.m. ET. During this time, 180.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 332.7 million. The NYSE advances/declines ratio sits at 2,150 issues advancing vs. 862 declining with 147 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a $2.30 gain (+1.6%) bringing the stock to $151.01. This single gain is lifting the Dow Jones Industrial Average by 17.41 points or roughly accounting for 12.9% of the Dow's overall gain. Volume for 3M currently sits at 1.7 million shares traded vs. an average daily trading volume of 2.3 million shares.
3M has a market cap of $94.73 billion and is part of the industrial goods sector and industrial industry. Shares are down 9.5% year-to-date as of Monday's close. The stock's dividend yield sits at 2.8%.
3M Company operates as a diversified technology company worldwide.
TheStreet Ratings rates 3M as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full 3M Ratings Report.