Dow Today: General Electric (GE) 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 down 24.0 points (-0.2%) at 13,146 as of Friday, Dec 14, 2012, 11:35 a.m. ET. During this time, 175.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 623 million. The NYSE advances/declines ratio sits at 1,329 issues advancing vs. 1,525 declining with 152 unchanged.
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The Dow component leading the way higher looks to be General Electric (NYSE: GE), which is sporting a two-cent gain to $21.64. Volume for General Electric currently sits at 17.1 million shares traded vs. an average daily trading volume of 42.8 million shares.

General Electric has a market cap of $228.39 billion and is part of the industrial goods sector and industrial industry. Shares are up 21.6% year to date as of Thursday's close. The stock's dividend yield sits at 3.1%.

General Electric Company operates as a technology and financial services company worldwide. The company has a P/E ratio of 16.3, below 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 growth in earnings per share, revenue growth, increase in net income, solid stock price performance 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.

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