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) closed up 207 points (+1.6%) at 12,795. During the day, 625.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 603.4 million. The NYSE advances/declines ratio closed at 2,699 issues advancing vs. 358 declining with 63 unchanged.
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The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $3.36 gain (+1.8%) bringing the stock to $190.30. This single gain is lifting the Dow Jones Industrial Average by 25.43 points or roughly accounting for 12.3% of the Dow's overall gain. Volume for International Business Machines ended the day at 3.2 million shares traded vs. an average daily trading volume of four million shares. International Business Machines has a market cap of $210 billion and is part of the technology sector and computer hardware industry. Shares are up 1.7% year to date as of Friday's close. The stock's dividend yield sits at 1.8%. International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.