Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
Dow Jones Industrial Average
) is trading down 38.0 points (-0.3%) at 13,305 as of Monday, Oct 22, 2012, 9:35 a.m. ET. During this time, 27 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 568.4 million. The NYSE advances/declines ratio sits at 1,366 issues advancing vs. 1,304 declining with 168 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a seven-cent gain (+0.7%) bringing the stock to $9.51. Volume for Bank of America Corporation currently sits at 7.2 million shares traded vs. an average daily trading volume of 133.1 million shares.
Bank of America Corporation has a market cap of $102.06 billion and is part of the financial sector and banking industry. Shares are up 69.8% year to date as of Friday's close. The stock's dividend yield sits at 0.4%.
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. The company has a P/E ratio of 13.7, below the average banking industry P/E ratio of 24.9 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Bank of America Corporation as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk.
- You can view the full Bank of America Ratings Report.
Holding back the Dow today is
), which is lagging the broader Dow index with a $1.30 decline (-1.6%) bringing the stock to $82.56. This single loss is lowering the Dow Jones Industrial Average by 9.84 points or roughly accounting for 25.9% of the Dow's overall loss. Volume for Caterpillar currently sits at 1.7 million shares traded vs. an average daily trading volume of 7.5 million shares.
Caterpillar has a market cap of $56.59 billion and is part of the conglomerates sector and conglomerates industry. Shares are down 7.4% year to date as of Friday's close. The stock's dividend yield sits at 2.4%.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company has a P/E ratio of 9.7, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Caterpillar as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Caterpillar Ratings Report.
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