The Dow Jones Industrial Average ( ^DJI) is trading up 99 points (+0.8%) at 12,986 as of Friday, Jul 27, 2012, 11:35 a.m. ET. During this time, 216.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 685.6 million. The NYSE advances/declines ratio sits at 2,399 issues advancing vs. 520 declining with 89 unchanged.
The Dow component leading the way higher looks to be Walt Disney (NYSE: DIS), which is sporting a 23-cent gain (+0.5%) bringing the stock to $49.94. This single gain is lifting the Dow Jones Industrial Average by 1.74 points or roughly accounting for 1.8% of the Dow's overall gain. Volume for Walt Disney currently sits at 5.6 million shares traded vs. an average daily trading volume of 9.5 million shares. Walt Disney has a market cap of $86.33 billion and is part of the services sector and media industry. Shares are up 32.6% year to date as of Thursday's close. The stock's dividend yield sits at 1.2%. The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company has a P/E ratio of 17.7, above the average media industry P/E ratio of 17.3 and equal to the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Walt Disney as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.