Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
Dow Jones Industrial Average
) is trading down 85.0 points (-0.6%) at 13,400 as of Friday, Sep 28, 2012, 10:35 a.m. ET. During this time, 165.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 578.9 million. The NYSE advances/declines ratio sits at 767 issues advancing vs. 2,069 declining with 140 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a six-cent gain (+0.3%) bringing the stock to $22.79. Volume for General Electric currently sits at 23.8 million shares traded vs. an average daily trading volume of 43 million shares.
General Electric has a market cap of $233.35 billion and is part of the
industry. Shares are up 23.4% year to date as of Thursday's close. The stock's dividend yield sits at 3.1%.
General Electric Company operates as a technology and financial services company worldwide. The company has a P/E ratio of 19.2, above the average industrial industry P/E ratio of 18.6 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates General Electric as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, solid stock price performance, good cash flow from operations 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 General Electric Ratings Report.
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