Dow Today: Chevron (CVX) Leads The Day Higher, Kraft Foods (KFT) Lags
The
Dow Jones Industrial Average
(
^DJI
) closed up 124 points (+1%) at 12,904. During the day, 776.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio closed at 2,293 issues advancing vs. 750 declining with 84 unchanged.
The Dow component that led the way higher today was
(NYSE:
), which sported a $1.52 gain (+1.4%) bringing the stock to $106.52. This single gain lifted the Dow Jones Industrial Average by 11.5 points or roughly accounting for 9.3% of the Dow's overall gain. Volume for Chevron ended the day at 5.5 million shares traded vs. an average daily trading volume of 8.8 million shares.
Chevron has a market cap of $212.53 billion and is part of the
sector and
industry. Shares are down 1.3% year to date as of Wednesday's close. The stock's dividend yield sits at 3%.
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 7.9, 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
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Chevron Ratings Report.
Holding the Dow back today was
(NYSE:
), which lagged the broader Dow index with a five-cent decline (-0.1%) bringing the stock to $38.24. Volume for Kraft Foods ended the day at 7.9 million shares traded vs. an average daily trading volume of eight million shares.
- See our dividend calendar or top-yielding stocks list.
Kraft Foods has a market cap of $67.67 billion and is part of the
sector and
industry. Shares are up 2.5% year to date as of Wednesday's close. The stock's dividend yield sits at 3%.
Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 21, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Kraft Foods as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full Kraft Ratings Report.
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