The Dow Jones Industrial Average ( ^DJI) is trading up 129 points (+0.9%) at 15,038 as of Monday, Jul 1, 2013, 1:35 p.m. ET. During this time, 264.3 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 2,339 issues advancing vs. 651 declining with 73 unchanged.
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The Dow component leading the way higher looks to be Pfizer (NYSE: PFE), which is sporting a six-cent gain (+0.2%) bringing the stock to $28.07. This single gain is lifting the Dow Jones Industrial Average by 0.45 points or roughly accounting for 0.3% of the Dow's overall gain. Volume for Pfizer currently sits at 32.6 million shares traded vs. an average daily trading volume of 59.9 million shares. Pfizer has a market cap of $199.11 billion and is part of the health care sector and drugs industry. Shares are up 11.7% year to date as of Friday's close. The stock's dividend yield sits at 3.4%. Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells medicines for people and animals worldwide. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Pfizer as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.