Dow Today: International Business Machines (IBM) Lower

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 95.0 points (-0.7%) at 14,416 as of Thursday, Mar 21, 2013, 1:35 p.m. ET. During this time, 325 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 607.4 million. The NYSE advances/declines ratio sits at 1,102 issues advancing vs. 1,828 declining with 125 unchanged.
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Holding back the Dow today is International Business Machines (NYSE: IBM), which is lagging the broader Dow index with a $4.49 decline (-2.1%) bringing the stock to $210.57. This single loss is lowering the Dow Jones Industrial Average by 33.98 points or roughly accounting for 35.8% of the Dow's overall loss. Volume for International Business Machines currently sits at 3.1 million shares traded vs. an average daily trading volume of 3.8 million shares.

International Business Machines has a market cap of $237.62 billion and is part of the technology sector and computer hardware industry. Shares are up 11.4% year to date as of Wednesday's close. The stock's dividend yield sits at 1.6%.

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 14.8, 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, expanding profit margins 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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