Dow Today: International Business Machines (IBM) Leads The Day Higher, JPMorgan Chase (JPM) Lags - TheStreet

The

Dow Jones Industrial Average

(

^DJI

) closed up 278 points (+2.2%) at 12,880. During the day, 792.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 701.7 million. The NYSE advances/declines ratio closed at 2,682 issues advancing vs. 393 declining with 72 unchanged.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

The Dow component that led the way higher today was

International Business Machines

(NYSE:

IBM

), which sported a $4.18 gain (+2.2%) bringing the stock to $195.58. This single gain lifted the Dow Jones Industrial Average by 31.64 points or roughly accounting for 11.4% of the Dow's overall gain. Volume for International Business Machines ended the day at 5.1 million shares traded vs. an average daily trading volume of 4.1 million shares.

International Business Machines has a market cap of $222.62 billion and is part of the

technology

sector and

computer hardware

industry. Shares are up 4.1% year to date as of Thursday'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 14.4, 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

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

Holding the Dow back today was

JPMorgan Chase

(NYSE:

JPM

), which lagged the broader Dow index with a 16-cent decline (-0.5%) bringing the stock to $35.72. Volume for JPMorgan Chase ended the day at 50.7 million shares traded vs. an average daily trading volume of 46.2 million shares.

JPMorgan Chase has a market cap of $140.01 billion and is part of the

financial

sector and

banking

industry. Shares are up 7.9% year to date as of Thursday's close. The stock's dividend yield sits at 3.3%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 8.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates JPMorgan Chase as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations 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.

null