Dow Today: General Electric (GE) Higher - TheStreet

The

Dow Jones Industrial Average

(

^DJI

) is trading up 32 points (+0.3%) at 12,534 as of Tuesday, Jun 26, 2012, 12:35 p.m. ET. During this time, 282.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 704.1 million. The NYSE advances/declines ratio sits at 1,760 issues advancing vs. 1,171 declining with 148 unchanged.

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The Dow component leading the way higher looks to be

General Electric

(NYSE:

GE

), which is sporting a 10-cent gain (+0.5%) bringing the stock to $19.62. This single gain is lifting the Dow Jones Industrial Average by 0.76 points or roughly accounting for 2.4% of the Dow's overall gain. Volume for General Electric currently sits at 27.5 million shares traded vs. an average daily trading volume of 47.3 million shares.

General Electric has a market cap of $209.89 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 10.6% year to date as of Monday's close. The stock's dividend yield sits at 3.4%.

General Electric Company operates as a technology and financial services company worldwide. The company has a P/E ratio of 16.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates General Electric as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, attractive valuation levels, solid stock price performance and notable return on equity. 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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