Dow Today: 3M (MMM) Leads The Day Higher, International Business Machines (IBM) Lags

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 seven points at 13,986. During the day, 577 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 630.3 million. The NYSE advances/declines ratio closed at 1,758 issues advancing vs. 1,212 declining with 142 unchanged.
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The Dow component that led the way higher today was 3M (NYSE: MMM), which sported a $1.20 gain (+1.2%) bringing the stock to $102.69. This single gain lifted the Dow Jones Industrial Average by 9.08 points or roughly accounting for 129.7% of the Dow's overall gain. Volume for 3M ended the day at 3.4 million shares traded vs. an average daily trading volume of 2.8 million shares.

3M has a market cap of $69.73 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 8.5% year to date as of Tuesday's close. The stock's dividend yield sits at 2.3%.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, growth in earnings per share and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Holding the Dow back today was International Business Machines (NYSE: IBM), which lagged the broader Dow index with a 92-cent decline (-0.5%) bringing the stock to $201.02. Volume for International Business Machines ended the day at 3.6 million shares traded vs. an average daily trading volume of four million shares.

International Business Machines has a market cap of $230.27 billion and is part of the technology sector and computer hardware industry. Shares are up 6.4% year to date as of Tuesday's close. The stock's dividend yield sits at 1.7%.

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 growth in earnings per share, increase in net income, notable return on equity and increase in stock price during the past year. 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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