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 14,293 as of Wednesday, Mar 6, 2013, 10:35 a.m. ET. During this time, 158.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 621.3 million. The NYSE advances/declines ratio sits at 1,558 issues advancing vs. 1,207 declining with 159 unchanged.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The Dow component leading the way higher looks to be 3M (NYSE: MMM), which is sporting a 50-cent gain (+0.5%) bringing the stock to $104.95. This single gain is lifting the Dow Jones Industrial Average by 3.78 points or roughly accounting for 9.4% of the Dow's overall gain. Volume for 3M currently sits at 1.1 million shares traded vs. an average daily trading volume of 2.8 million shares. 3M has a market cap of $71.26 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 12.5% year to date as of Tuesday's close. The stock's dividend yield sits at 2.5%. 3M Company operates as a diversified technology 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 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, solid stock price performance, increase in net income and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.