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 up 28 points (+0.2%) at 13,624 as of Friday, Sep 21, 2012, 1:34 p.m. ET. During this time, 431 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 579.2 million. The NYSE advances/declines ratio sits at 1,931 issues advancing vs. 977 declining with 150 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a $1.37 gain (+0.7%) bringing the stock to $207.55. This single gain is lifting the Dow Jones Industrial Average by 10.37 points or roughly accounting for 37% of the Dow's overall gain. Volume for International Business Machines currently sits at 3.8 million shares traded vs. an average daily trading volume of 3.5 million shares.
International Business Machines has a market cap of $235.9 billion and is part of the
industry. Shares are up 12.1% year to date as of Thursday's close. The stock's dividend yield sits at 1.6%.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 15.1, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates International Business Machines as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full International Business Machines Ratings Report.
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