Dow Today: Chevron (CVX) Leads The Day Higher, Verizon Communications (VZ) 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 52 points (+0.3%) at 15,387. During the day, 568.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 596.9 million. The NYSE advances/declines ratio closed at 1,633 issues advancing vs. 1,375 declining with 129 unchanged.
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The Dow component that led the way higher today was Chevron (NYSE: CVX), which sported a $1.16 gain (+0.9%) bringing the stock to $125.94. This single gain is lifting the Dow Jones Industrial Average by 8.78 points or roughly accounting for 16.9% of the Dow's overall gain. Volume for Chevron ended the day at 6.6 million shares traded vs. an average daily trading volume of 6.1 million shares.

Chevron has a market cap of $239.25 billion and is part of the basic materials sector and energy industry. Shares are up 14.1% year to date as of Monday's close. The stock's dividend yield sits at 3.2%.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Holding the Dow back today was Verizon Communications (NYSE: VZ), which lagged the broader Dow index with a 67-cent decline (-1.3%) bringing the stock to $52.07. Volume for Verizon Communications ended the day at 11.1 million shares traded vs. an average daily trading volume of 13.4 million shares.

Verizon Communications has a market cap of $158.32 billion and is part of the technology sector and telecommunications industry. Shares are up 21.9% year to date as of Monday's close. The stock's dividend yield sits at 3.9%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company has a P/E ratio of 133.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and solid stock price performance. 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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