Dow Today: Goldman Sachs Group (GS) Higher
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
.
The
Dow Jones Industrial Average
(
^DJI
) is trading up 63 points (+0.4%) at 16,669 as of Tuesday, May 27, 2014, 1:36 p.m. ET. During this time, 149.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 380.9 million. The NYSE advances/declines ratio sits at 1,940 issues advancing vs. 1,055 declining with 160 unchanged.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a $1.62 gain (+1%) bringing the stock to $161.78. This single gain is lifting the Dow Jones Industrial Average by 12.26 points or roughly accounting for 19.5% of the Dow's overall gain. Volume for Goldman Sachs Group currently sits at 1.7 million shares traded vs. an average daily trading volume of 3.3 million shares.
Goldman Sachs Group has a market cap of $71.62 billion and is part of the financial sector and financial services industry. Shares are down 9.7% year-to-date as of Friday's close. The stock's dividend yield sits at 1.4%.
The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.
TheStreet Ratings rates Goldman Sachs Group as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, 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 sub par growth in net income.
- You can view the full Goldman Sachs Group Ratings Report.
.
null
