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 down 123.0 points (-0.7%) at 16,960. During the day, 262.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 305.3 million. The NYSE advances/declines ratio closed at 1,015 issues advancing vs. 2,014 declining with 142 unchanged.
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The Dow component that led the way higher today was
), which sported a 14-cent gain (+0.5%) bringing the stock to $25.97. Volume for Cisco Systems ended the day at 28.6 million shares traded vs. an average daily trading volume of 30.4 million shares.
Cisco Systems has a market cap of $131.55 billion and is part of the technology sector and computer hardware industry. Shares are up 15.2% year-to-date as of Thursday's close. The stock's dividend yield sits at 3%.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide.
TheStreet Ratings rates Cisco Systems as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Cisco Systems Ratings Report.
Holding the Dow back today was
), which lagged the broader Dow index with a $1.28 decline (-0.9%) bringing the stock to $133.57. This single loss is lowering the Dow Jones Industrial Average by 9.69 points or roughly accounting for 7.9% of the Dow's overall loss. Volume for Chevron ended the day at 3.6 million shares traded vs. an average daily trading volume of 5.4 million shares.
Chevron has a market cap of $254.86 billion and is part of the basic materials sector and energy industry. Shares are up 8% year-to-date as of Thursday's close. The stock's dividend yield sits at 3.2%.
Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.
TheStreet Ratings rates Chevron as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
- You can view the full Chevron Ratings Report.