The

Dow Jones Industrial Average

(

^DJI

) is trading up 45 points (+0.3%) at 12,983 as of Thursday, Feb 23, 2012, 11:35 a.m. ET. During this time, 268.2 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 sits at 2,073 issues advancing vs. 781 declining with 125 unchanged.

The Dow component leading the way higher looks to be

International Business Machines

(NYSE:

IBM

), which is sporting a $4.74 gain (+2.4%) bringing the stock to $198.61. This single gain is lifting the Dow Jones Industrial Average by 35.87 points or roughly accounting for 79.7% of the Dow's overall gain. Volume for International Business Machines currently sits at 4.6 million shares traded vs. an average daily trading volume of 5.1 million shares.

International Business Machines has a market cap of $226.21 billion and is part of the

technology

sector and

computer hardware

industry. Shares are up 5.4% year to date as of Wednesday's close. The stock's dividend yield sits at 1.6%.

International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. The company has a P/E ratio of 14.4, below the average computer hardware industry P/E ratio of 14.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. 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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