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
Dow Jones Industrial Average
) is trading up 25 points (+0.2%) at 16,097 as of Wednesday, Nov 27, 2013, 10:35 a.m. ET. During this time, 55.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 381.3 million. The NYSE advances/declines ratio sits at 1,713 issues advancing vs. 1,097 declining with 142 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a $1.80 gain (+1%) bringing the stock to $179.12. This single gain is lifting the Dow Jones Industrial Average by 13.62 points or roughly accounting for 54.5% of the Dow's overall gain. Volume for International Business Machines currently sits at 1.4 million shares traded vs. an average daily trading volume of 4.8 million shares.
International Business Machines has a market cap of $194.3 billion and is part of the technology sector and computer software & services industry. Shares are down 7.4% year to date as of Tuesday's close. The stock's dividend yield sits at 2.1%.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 12.4, 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 growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. 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.