Dow Today: General Electric (GE) 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 56.0 points (-0.4%) at 14,481 as of Friday, Apr 19, 2013, 10:35 a.m. ET. During this time, 266.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 596.2 million. The NYSE advances/declines ratio sits at 1,842 issues advancing vs. 899 declining with 146 unchanged.
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Holding back the Dow today is General Electric (NYSE: GE), which is lagging the broader Dow index with a 90-cent decline (-4%) bringing the stock to $21.77. This single loss is lowering the Dow Jones Industrial Average by 6.81 points or roughly accounting for 12.2% of the Dow's overall loss. Volume for General Electric currently sits at 42.2 million shares traded vs. an average daily trading volume of 37.5 million shares.

General Electric has a market cap of $236.04 billion and is part of the industrial goods sector and industrial industry. Shares are up 8% year to date as of Thursday's close. The stock's dividend yield sits at 3.3%.

General Electric Company operates as an infrastructure and financial services company worldwide. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and good cash flow from operations. 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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