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
Dow Jones Industrial Average
) closed up 65 points (+0.4%) at 18,024. During the day, 312.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 351.9 million. The NYSE advances/declines ratio closed at 2,004 issues advancing vs. 1,093 declining with 125 unchanged.
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The Dow component that led the way higher today was
), which sported a $2.93 gain (+1.9%) bringing the stock to $161.44. This single gain is lifting the Dow Jones Industrial Average by 22.18 points or roughly accounting for 34.1% of the Dow's overall gain. Volume for International Business Machines ended the day at 4.7 million shares traded vs. an average daily trading volume of five million shares.
International Business Machines has a market cap of $156.05 billion and is part of the technology sector and computer software & services industry. Shares are down 15.5% year-to-date as of Friday's close. The stock's dividend yield sits at 2.8%.
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, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself.
- You can view the full International Business Machines Ratings Report.