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 64 points (+0.4%) at 14,776 as of Monday, Apr 29, 2013, 11:35 a.m. ET. During this time, 173.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 603.8 million. The NYSE advances/declines ratio sits at 2,087 issues advancing vs. 768 declining with 150 unchanged.
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The Dow component leading the way higher looks to be
Microsoft Corporation (Nasdaq:
MSFT), which is sporting a 66-cent gain (+2.1%) bringing the stock to $32.45. This single gain is lifting the Dow Jones Industrial Average by 5.0 points or roughly accounting for 7.8% of the Dow's overall gain. Volume for Microsoft Corporation currently sits at 26 million shares traded vs. an average daily trading volume of 50.1 million shares.
Microsoft Corporation has a market cap of $266.73 billion and is part of the technology sector and computer software & services industry. Shares are up 19.6% year to date as of Friday's close. The stock's dividend yield sits at 2.9%.
Microsoft Corporation develops, licenses, and supports software products and services; and designs and sells hardware worldwide. The company has a P/E ratio of 16.5, below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Microsoft Corporation 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, increase in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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