Dow Today: 3M (MMM) Leads The Day Higher, Home Depot (HD) 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 84 points (+0.6%) at 14,539. During the day, 507.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 618.7 million. The NYSE advances/declines ratio closed at 1,992 issues advancing vs. 990 declining with 125 unchanged.
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The Dow component that led the way higher today was 3M (NYSE: MMM), which sported a 93-cent gain (+0.9%) bringing the stock to $106.02. This single gain lifted the Dow Jones Industrial Average by 7.04 points or roughly accounting for 8.4% of the Dow's overall gain. Volume for 3M ended the day at 2.2 million shares traded vs. an average daily trading volume of 2.7 million shares.

3M has a market cap of $72.54 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 13.2% year to date as of Wednesday's close. The stock's dividend yield sits at 2.4%.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 16.6, 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.

Holding the Dow back today was Home Depot (NYSE: HD), which lagged the broader Dow index with a 52-cent decline (-0.7%) bringing the stock to $70.24. Volume for Home Depot ended the day at 6.3 million shares traded vs. an average daily trading volume of 6.9 million shares.

Home Depot has a market cap of $105.78 billion and is part of the services sector and retail industry. Shares are up 14.4% year to date as of Wednesday's close. The stock's dividend yield sits at 2.2%.

The Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell building materials, and home improvement and lawn and garden products to do-it-yourself, do-it-for-me (at D-I-F-M), and professional customers. The company has a P/E ratio of 22.8, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.

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