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 40 points (+0.3%) at 13,114 as of Friday, Dec 7, 2012, 11:35 a.m. ET. During this time, 260.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 633.6 million. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,420 declining with 156 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting an 89-cent gain (+2.1%) bringing the stock to $42.36. This single gain is lifting the Dow Jones Industrial Average by 6.74 points or roughly accounting for 16.9% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 16.7 million shares traded vs. an average daily trading volume of 24.1 million shares. JPMorgan Chase has a market cap of $156.62 billion and is part of the financial sector and banking industry. Shares are up 23.9% year to date as of Thursday's close. The stock's dividend yield sits at 2.9%. JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Steve Ricchiuto, MZUHO Securities chief economist, and Bob Michele asset management global CIO with JP Morgan (JPM), joined BloomberTV's 'Bloomberg GO' to discuss the economy and the Fed raising rates.