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
) is trading up 176 points (+1%) at 17,371 as of Friday, Oct 31, 2014, 10:36 a.m. ET. During this time, 88.9 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 2,137 issues advancing vs. 790 declining with 174 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a $3.49 gain (+1.5%) bringing the stock to $240.14. This single gain is lifting the Dow Jones Industrial Average by 26.41 points or roughly accounting for 15% of the Dow's overall gain. Volume for Visa currently sits at two million shares traded vs. an average daily trading volume of 2.5 million shares.
Visa has a market cap of $106.21 billion and is part of the financial sector and financial services industry. Shares are up 6.3% year-to-date as of Thursday's close. The stock's dividend yield sits at 0.9%.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
TheStreet Ratings rates Visa as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Visa Ratings Report.