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
) closed down 70.0 points (-0.4%) at 16,915. During the day, 284.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 308.9 million. The NYSE advances/declines ratio closed at 938 issues advancing vs. 2,129 declining with 133 unchanged.
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The Dow component that led the way higher today was
), which sported a 74-cent gain (+1.5%) bringing the stock to $49.64. Volume for Verizon Communications ended the day at 18.2 million shares traded vs. an average daily trading volume of 15.7 million shares.
Verizon Communications has a market cap of $201.92 billion and is part of the technology sector and telecommunications industry. Shares are down 0.5% year-to-date as of Wednesday's close. The stock's dividend yield sits at 4.3%.
Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
TheStreet Ratings rates Verizon Communications as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, compelling growth in net income and impressive record of earnings per share growth. 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 Verizon Ratings Report.
Holding the Dow back today was
), which lagged the broader Dow index with a $1.25 decline (-0.8%) bringing the stock to $163.42. This single loss lowered the Dow Jones Industrial Average by 9.46 points or roughly accounting for 13.5% of the Dow's overall loss. Volume for Goldman Sachs Group ended the day at 2.2 million shares traded vs. an average daily trading volume of 2.6 million shares.
Goldman Sachs Group has a market cap of $73.74 billion and is part of the financial sector and financial services industry. Shares are down 7.1% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.3%.
The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.
TheStreet Ratings rates Goldman Sachs Group as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Goldman Sachs Group Ratings Report.