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 155 points (+0.9%) at 18,140. During the day, 348.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 370.5 million. The NYSE advances/declines ratio closed at 2,097 issues advancing vs. 997 declining with 108 unchanged.
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The Dow component that led the way higher today was
), which sported a $3.90 gain (+1.4%) bringing the stock to $273. This single gain lifted the Dow Jones Industrial Average by 29.52 points or roughly accounting for 19% of the Dow's overall gain. Volume for Visa ended the day at 2.2 million shares traded vs. an average daily trading volume of 2.6 million shares.
Visa has a market cap of $132.13 billion and is part of the financial sector and financial services industry. Shares are up 2.6% year-to-date as of Thursday'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, growth in earnings per share, increase in net income and expanding profit margins. 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.
Holding the Dow back today was
), which lagged the broader Dow index with a 24-cent decline (-0.1%) bringing the stock to $163.65. Volume for International Business Machines ended the day at 3.3 million shares traded vs. an average daily trading volume of 4.9 million shares.
International Business Machines has a market cap of $160.51 billion and is part of the technology sector and computer software & services industry. Shares are up 2.1% year-to-date as of Thursday'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.