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 Links

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The

Dow Jones Industrial Average

(

^DJI

) is trading up 67 points (+0.4%) at 15,587 as of Wednesday, Jul 31, 2013, 11:35 a.m. ET. During this time, 162.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 586.1 million. The NYSE advances/declines ratio sits at 1,462 issues advancing vs. 1,418 declining with 117 unchanged.

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The Dow component leading the way higher looks to be

Johnson & Johnson

(NYSE:

JNJ

), which is sporting an 87-cent gain (+0.9%) bringing the stock to $94.04. This single gain is lifting the Dow Jones Industrial Average by 6.58 points or roughly accounting for 9.8% of the Dow's overall gain. Volume for Johnson & Johnson currently sits at 3.5 million shares traded vs. an average daily trading volume of 9.9 million shares.

Johnson & Johnson has a market cap of $261.82 billion and is part of the health care sector and drugs industry. Shares are up 32.9% year to date as of Tuesday's close. The stock's dividend yield sits at 2.8%.

Johnson & Johnson, together with its subsidiaries, engages in the research and development, manufacture, and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics.

TheStreet Ratings rates Johnson & Johnson as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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