Dow Today: Walt Disney (DIS) 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 156 points (+1.2%) at 13,252 as of Thursday, Nov 1, 2012, 11:35 a.m. ET. During this time, 253.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 566.7 million. The NYSE advances/declines ratio sits at 2,267 issues advancing vs. 641 declining with 106 unchanged.
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The Dow component leading the way higher looks to be Walt Disney (NYSE: DIS), which is sporting a 91-cent gain (+1.9%) bringing the stock to $50.03. This single gain is lifting the Dow Jones Industrial Average by 6.89 points or roughly accounting for 4.4% of the Dow's overall gain. Volume for Walt Disney currently sits at 4.2 million shares traded vs. an average daily trading volume of 7.7 million shares.

Walt Disney has a market cap of $89.86 billion and is part of the services sector and media industry. Shares are up 33.5% year to date as of Wednesday'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 16.6, below 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 attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.

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