Dow Today: General Electric (GE) Higher

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 206 points (+1.3%) at 15,509 as of Tuesday, May 28, 2013, 10:35 a.m. ET. During this time, 143.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 594.8 million. The NYSE advances/declines ratio sits at 2,320 issues advancing vs. 551 declining with 107 unchanged.
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The Dow component leading the way higher looks to be General Electric (NYSE: GE), which is sporting a 25-cent gain (+1.1%) bringing the stock to $23.78. This single gain is lifting the Dow Jones Industrial Average by 1.89 points or roughly accounting for 0.9% of the Dow's overall gain. Volume for General Electric currently sits at 12.7 million shares traded vs. an average daily trading volume of 39 million shares.

General Electric has a market cap of $243.3 billion and is part of the industrial goods sector and industrial industry. Shares are up 12.1% year to date as of Friday's close. The stock's dividend yield sits at 3.2%.

General Electric Company operates as an infrastructure and financial services company worldwide. The company has a P/E ratio of 16.3, 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 increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, expanding profit margins and notable return on equity. 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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