The Dow Jones Industrial Average ( ^DJI) is trading up 11 points at 13,279 as of Thursday, May 3, 2012, 9:35 a.m. ET. During this time, 22.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 739.1 million. The NYSE advances/declines ratio sits at 1,166 issues advancing vs. 1,474 declining with 174 unchanged. The Dow component leading the way higher looks to be Procter & Gamble (NYSE: PG), which is sporting a 47-cent gain (+0.7%) bringing the stock to $64.45. This single gain is lifting the Dow Jones Industrial Average by 3.56 points or roughly accounting for 32.4% of the Dow's overall gain. Volume for Procter & Gamble currently sits at 495,634 shares traded vs. an average daily trading volume of 10.6 million shares. Procter & Gamble has a market cap of $174.19 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 4.1% year to date as of Wednesday's close. The stock's dividend yield sits at 3.5%. The Procter & Gamble Company provides consumer packaged goods in the United States and internationally. The company has a P/E ratio of 19.5, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader Dow index with a 20-cent decline (-0.4%) bringing the stock to $52.51. Volume for Home Depot currently sits at 190,125 shares traded vs. an average daily trading volume of nine million shares.
Home Depot has a market cap of $79.78 billion and is part of the services sector and retail industry. Shares are up 25.4% year to date as of Wednesday's close. The stock's dividend yield sits at 2.2%. The Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell building materials, and home improvement and lawn and garden products to do-it-yourself, do-it-for-me (at D-I-F-M), and professional customers. The company has a P/E ratio of 21.2, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Home Depot 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 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.