The

Dow Jones Industrial Average

(

^DJI

) closed up 33 points (+0.3%) at 12,529. During the day, 695.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 731.5 million. The NYSE advances/declines ratio closed at 1,763 issues advancing vs. 1,250 declining with 105 unchanged.

The Dow component that led the way higher today was

Chevron

(NYSE:

CVX

), which sported a $1.06 gain (+1.1%) bringing the stock to $100.06. This single gain is lifting the Dow Jones Industrial Average by 8.02 points or roughly accounting for 24.3% of the Dow's overall gain. Volume for Chevron ended the day at 6.3 million shares traded vs. an average daily trading volume of 6.8 million shares.

Chevron has a market cap of $195.93 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 6.7% year to date as of Wednesday's close. The stock's dividend yield sits at 3.6%.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The company has a P/E ratio of 7.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Holding the Dow back today was

Caterpillar

(NYSE:

CAT

), which lagged the broader Dow index with a $1.05 decline (-1.1%) bringing the stock to $91.42. Volume for Caterpillar ended the day at 6.2 million shares traded vs. an average daily trading volume of 6.8 million shares.

Caterpillar has a market cap of $59.7 billion and is part of the

conglomerates

sector and

conglomerates

industry. Shares are up 1% year to date as of Wednesday's close. The stock's dividend yield sits at 2%.

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 11.5, 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

buy

. 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 and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

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