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 down 24.0 points (-0.1%) at 16,936 as of Monday, Jul 28, 2014, 11:36 a.m. ET. During this time, 108 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 305.5 million. The NYSE advances/declines ratio sits at 1,062 issues advancing vs. 1,846 declining with 212 unchanged.
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Holding back the Dow today is
), which is lagging the broader Dow index with a $1.15 decline (-1.1%) bringing the stock to $103.70. This single loss is lowering the Dow Jones Industrial Average by 8.7 points or roughly accounting for 36.3% of the Dow's overall loss. Volume for Caterpillar currently sits at two million shares traded vs. an average daily trading volume of 3.5 million shares.
Caterpillar has a market cap of $65.7 billion and is part of the industrial goods sector and industrial industry. Shares are up 15.5% year-to-date as of Friday's close. The stock's dividend yield sits at 2.7%.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.
TheStreet Ratings rates Caterpillar as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, reasonable valuation levels, growth in earnings per share and notable return on equity. 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.