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 up 109 points (+0.7%) at 16,009. During the day, 322.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 380.5 million. The NYSE advances/declines ratio closed at 2,266 issues advancing vs. 768 declining with 88 unchanged.
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The Dow component that led the way higher today was
), which sported a $3.49 gain (+1.8%) bringing the stock to $201.61. This single gain lifted the Dow Jones Industrial Average by 26.41 points or roughly accounting for 24.2% of the Dow's overall gain. Volume for Visa Inc. Class A ended the day at 3.1 million shares traded vs. an average daily trading volume of 3.1 million shares.
Visa Inc. Class A has a market cap of $101.57 billion and is part of the financial sector and financial services industry. Shares are up 30.7% year to date as of Wednesday's close. The stock's dividend yield sits at 0.8%.
Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company has a P/E ratio of 26, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Visa Inc. Class A as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Visa Inc. Class A Ratings Report.
Holding the Dow back today was
), which lagged the broader Dow index with a $1.06 decline (-0.6%) bringing the stock to $184.13. Volume for International Business Machines ended the day at 4.4 million shares traded vs. an average daily trading volume of 4.6 million shares.
International Business Machines has a market cap of $201.15 billion and is part of the technology sector and computer software & services industry. Shares are down 3.3% year to date as of Wednesday's close. The stock's dividend yield sits at 2%.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 12.9, 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.