Dow Today: Intel (INTC) Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 83 points (+0.6%) at 13,337 as of Tuesday, Sep 11, 2012, 12:35 p.m. ET. During this time, 245.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 589 million. The NYSE advances/declines ratio sits at 2,008 issues advancing vs. 901 declining with 135 unchanged.

The Dow component leading the way higher looks to be Intel (Nasdaq: INTC), which is sporting a 34-cent gain (+1.4%) bringing the stock to $23.60. This single gain is lifting the Dow Jones Industrial Average by 2.57 points or roughly accounting for 3.1% of the Dow's overall gain. Volume for Intel currently sits at 24.8 million shares traded vs. an average daily trading volume of 36.8 million shares.

Intel has a market cap of $121.02 billion and is part of the technology sector and electronics industry. Shares are down 0.2% year to date as of Monday's close. The stock's dividend yield sits at 3.7%.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms primarily in the Asia-Pacific, the Americas, Europe, and Japan. The company has a P/E ratio of 10.3, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Intel as a buy. 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, notable return on equity, attractive 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.

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