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 12.0 points at 12,558 as of Thursday, Nov 15, 2012, 9:35 a.m. ET. During this time, 35.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 599.4 million. The NYSE advances/declines ratio sits at 1,470 issues advancing vs. 1,216 declining with 158 unchanged.
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The Dow component leading the way higher looks to be
Bank of America Corporation (NYSE:
BAC), which is sporting a nine-cent gain (+1%) bringing the stock to $9.08. Volume for Bank of America Corporation currently sits at 10.7 million shares traded vs. an average daily trading volume of 148.7 million shares.
Bank of America Corporation has a market cap of $100.56 billion and is part of the financial sector and banking industry. Shares are up 67.8% year to date as of Wednesday's close. The stock's dividend yield sits at 0.4%.
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Bank of America Corporation as a
hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk.
Holding back the Dow today is
Wal-Mart Stores (NYSE:
WMT), which is lagging the broader Dow index with a $3.31 decline (-4.6%) bringing the stock to $68. This single loss is lowering the Dow Jones Industrial Average by 25.05 points or roughly accounting for 208.8% of the Dow's overall loss. Volume for Wal-Mart Stores currently sits at 3.1 million shares traded vs. an average daily trading volume of 6.6 million shares.
Wal-Mart Stores has a market cap of $241.39 billion and is part of the services sector and retail industry. Shares are up 19.3% year to date as of Wednesday's close. The stock's dividend yield sits at 2.2%.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates retail stores, restaurants, discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, apparel stores, Sam's Clubs, and neighborhood markets, as well as walmart.com; and samsclub.com. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Wal-Mart Stores as a
buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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