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 131 points (+0.9%) at 14,730 as of Tuesday, Apr 16, 2013, 1:35 p.m. ET. During this time, 340.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 598.7 million. The NYSE advances/declines ratio sits at 2,425 issues advancing vs. 543 declining with 117 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 Home Depot (NYSE: HD), which is sporting a 19-cent gain (+0.3%) bringing the stock to $72.42. This single gain is lifting the Dow Jones Industrial Average by 1.44 points or roughly accounting for 1.1% of the Dow's overall gain. Volume for Home Depot currently sits at 5.1 million shares traded vs. an average daily trading volume of 6.8 million shares. Home Depot has a market cap of $109.12 billion and is part of the services sector and retail industry. Shares are up 16.8% year to date as of Monday's close. The stock's dividend yield sits at 2.1%. The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 24.5, 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.