Dow Today: Johnson & Johnson (JNJ) Leads The Day Higher, International Business Machines (IBM) Lags

The Dow Jones Industrial Average ( ^DJI) closed down 76.0 points (-0.6%) at 12,932. During the day, 676.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 731.5 million. The NYSE advances/declines ratio closed at 1,188 issues advancing vs. 1,800 declining with 123 unchanged.

The Dow component that led the way higher today was Johnson & Johnson (NYSE: JNJ), which sported an 18-cent gain (+0.3%) bringing the stock to $64.98. Volume for Johnson & Johnson ended the day at 12.4 million shares traded vs. an average daily trading volume of 10.1 million shares.

Johnson & Johnson has a market cap of $177.73 billion and is part of the health care sector and drugs industry. Shares are down 1.2% year to date as of Monday's close. The stock's dividend yield sits at 3.8%.

Johnson & Johnson engages in the research, development, manufacture, and sale of various products in the health care field worldwide. The company has a P/E ratio of 18.2, above the average drugs industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Johnson & Johnson as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Holding the Dow back today was International Business Machines (NYSE: IBM), which lagged the broader Dow index with a $1.42 decline (-0.7%) bringing the stock to $201.48. This single loss lowered the Dow Jones Industrial Average by 10.75 points or roughly accounting for 14.1% of the Dow's overall loss. Volume for International Business Machines ended the day at 3.8 million shares traded vs. an average daily trading volume of four million shares.

International Business Machines has a market cap of $236.45 billion and is part of the technology sector and computer hardware industry. Shares are up 11.5% year to date as of Monday's close. The stock's dividend yield sits at 1.7%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 15.3, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
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