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 up 64 points (+0.5%) at 13,121 as of Friday, Aug 24, 2012, 11:35 a.m. ET. During this time, 184.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 661.9 million. The NYSE advances/declines ratio sits at 1,703 issues advancing vs. 1,104 declining with 159 unchanged.

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The Dow component leading the way higher looks to be

Kraft Foods

(Nasdaq:

KFT

), which is sporting a 46-cent gain (+1.1%) bringing the stock to $41.73. This single gain is lifting the Dow Jones Industrial Average by 3.48 points or roughly accounting for 5.4% of the Dow's overall gain. Volume for Kraft Foods currently sits at 5.5 million shares traded vs. an average daily trading volume of 10.4 million shares.

Kraft Foods has a market cap of $72.94 billion and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 10.5% year to date as of Thursday's close. The stock's dividend yield sits at 2.8%.

Kraft Foods Inc., together with its subsidiaries, manufactures and markets packaged food products worldwide. The company has a P/E ratio of 20.4, above the average food & beverage industry P/E ratio of 20.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kraft Foods as a

buy

. 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, good cash flow from operations 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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