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 97 points (+0.6%) at 17,727 as of Wednesday, Jul 29, 2015, 12:36 p.m. ET. During this time, 167.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 329.8 million. The NYSE advances/declines ratio sits at 2,089 issues advancing vs. 896 declining with 165 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a $1.43 gain (+1.9%) bringing the stock to $76.17. This single gain is lifting the Dow Jones Industrial Average by 10.82 points or roughly accounting for 11.2% of the Dow's overall gain. Volume for Visa currently sits at 4.9 million shares traded vs. an average daily trading volume of 6.8 million shares.
Visa has a market cap of $144.13 billion and is part of the financial sector and financial services industry. Shares are up 14% year-to-date as of Tuesday's close. The stock's dividend yield sits at 0.7%.
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, solid stock price performance, growth in earnings per share and increase in net income. 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 Visa Ratings Report.