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 15 points at 18,224. During the day, 343.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 374.4 million. The NYSE advances/declines ratio closed at 1,706 issues advancing vs. 1,373 declining with 137 unchanged.
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The Dow component that led the way higher today was
), which sported a $1.40 gain (+1.5%) bringing the stock to $96.82. This single gain is lifting the Dow Jones Industrial Average by 10.6 points or roughly accounting for 70.7% of the Dow's overall gain. Volume for Nike ended the day at 3.5 million shares traded vs. an average daily trading volume of 3.6 million shares.
Nike has a market cap of $65.21 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 0.8% year-to-date as of Tuesday's close. The stock's dividend yield sits at 1.2%.
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide.
TheStreet Ratings rates Nike as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Nike Ratings Report.
Holding the Dow back today was
), which lagged the broader Dow index with a $2.02 decline (-1.2%) bringing the stock to $162.81. Volume for International Business Machines ended the day at four million shares traded vs. an average daily trading volume of 4.9 million shares.
International Business Machines has a market cap of $161.23 billion and is part of the technology sector and computer software & services industry. Shares are up 2.7% year-to-date as of Tuesday'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
. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, 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.