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

.

The

Dow Jones Industrial Average

(

^DJI

) is trading down 47.0 points (-0.4%) at 13,060 as of Wednesday, Oct 31, 2012, 12:35 p.m. ET. During this time, 260.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 566.7 million. The NYSE advances/declines ratio sits at 1,380 issues advancing vs. 1,609 declining with 106 unchanged.

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The Dow component leading the way higher looks to be

International Business Machines

(NYSE:

IBM

), which is sporting a $1.84 gain (+0.9%) bringing the stock to $195.11. Volume for International Business Machines currently sits at 2.9 million shares traded vs. an average daily trading volume of 3.7 million shares.

International Business Machines has a market cap of $220.86 billion and is part of the technology sector and computer hardware industry. Shares are up 5.1% year to date as of Tuesday's close. The stock's dividend yield sits at 1.8%.

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 13.6, below the average computer hardware industry P/E ratio of 13.9 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 notable return on equity, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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