Dow Today: International Business Machines (IBM) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 154 points (+1%) at 15,063 as of Monday, Jul 1, 2013, 11:35 a.m. ET. During this time, 176 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 621.4 million. The NYSE advances/declines ratio sits at 2,361 issues advancing vs. 562 declining with 88 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 International Business Machines (NYSE: IBM), which is sporting a $1.81 gain (+0.9%) bringing the stock to $192.92. This single gain is lifting the Dow Jones Industrial Average by 13.7 points or roughly accounting for 8.9% of the Dow's overall gain. Volume for International Business Machines currently sits at 1.7 million shares traded vs. an average daily trading volume of 4.3 million shares.

International Business Machines has a market cap of $216.94 billion and is part of the technology sector and computer software & services industry. Shares are down 0.2% year to date as of Friday's close. The stock's dividend yield sits at 1.9%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

The Best Companies for Women

Hewlett Packard Enterprise Becomes the Latest Tech Titan to Slash Jobs

Sorry Elon Musk but Artificial Intelligence Grows Jobs: Domino's Pizza CEO

Ray Dalio Also Thinks AI Will Be a Killer Just Like Tesla's Elon Musk Does