Dow Jones (DJIA) Today: Verizon Communications (VZ) Higher - TheStreet

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

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The

Dow Jones Industrial Average

(

^DJI

) is trading up 154 points (+0.9%) at 17,349 as of Friday, Oct 31, 2014, 1:36 p.m. ET. During this time, 201.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 323.9 million. The NYSE advances/declines ratio sits at 2,209 issues advancing vs. 828 declining with 144 unchanged.

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The Dow component leading the way higher looks to be

Verizon Communications

(NYSE:

VZ

), which is sporting a 34-cent gain (+0.7%) bringing the stock to $50.24. This single gain is lifting the Dow Jones Industrial Average by 2.57 points or roughly accounting for 1.7% of the Dow's overall gain. Volume for Verizon Communications currently sits at 10.8 million shares traded vs. an average daily trading volume of 13.8 million shares.

Verizon Communications has a market cap of $206.78 billion and is part of the technology sector and telecommunications industry. Shares are up 1.6% year-to-date as of Thursday's close. The stock's dividend yield sits at 4.4%.

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

TheStreet Ratings rates Verizon Communications as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, compelling growth in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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