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 down 107.0 points (-0.8%) at 13,441 as of Friday, Oct 19, 2012, 10:35 a.m. ET. During this time, 237.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 567.2 million. The NYSE advances/declines ratio sits at 768 issues advancing vs. 2,035 declining with 145 unchanged.
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Holding back the Dow today is General Electric (NYSE: GE), which is lagging the broader Dow index with a 60-cent decline (-2.6%) bringing the stock to $22.21. This single loss is lowering the Dow Jones Industrial Average by 4.54 points or roughly accounting for 4.2% of the Dow's overall loss. Volume for General Electric currently sits at 37.9 million shares traded vs. an average daily trading volume of 40.9 million shares. General Electric has a market cap of $241.9 billion and is part of the industrial goods sector and industrial industry. Shares are up 27.4% year to date as of Thursday's close. The stock's dividend yield sits at 3%. General Electric Company operates as a technology and financial services company worldwide. The company has a P/E ratio of 19.9, above the average industrial industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.