Dow Today: Chevron (CVX) Leads The Day Higher, Verizon Communications (VZ) Lags

The Dow Jones Industrial Average ( ^DJI) closed up 76 points (+0.5%) at 15,300. During the day, 471.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 612.5 million. The NYSE advances/declines ratio closed at 2,239 issues advancing vs. 781 declining with 107 unchanged.
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The Dow component that led the way higher today was Chevron (NYSE: CVX), which sported a $2.03 gain (+1.7%) bringing the stock to $123.27. This single gain lifted the Dow Jones Industrial Average by 15.36 points or roughly accounting for 20.2% of the Dow's overall gain. Volume for Chevron ended the day at 6.2 million shares traded vs. an average daily trading volume of 6.4 million shares.

Chevron has a market cap of $233.61 billion and is part of the basic materials sector and energy industry. Shares are up 12.1% year to date as of Monday's close. The stock's dividend yield sits at 3.3%.

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.

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 21-cent decline (-0.4%) bringing the stock to $50.96. Volume for Verizon Communications ended the day at 6.7 million shares traded vs. an average daily trading volume of 12.5 million shares.

Verizon Communications has a market cap of $152.24 billion and is part of the technology sector and telecommunications industry. Shares are up 18.3% year to date as of Monday's close. The stock's dividend yield sits at 4%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

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 increase in stock price during the past year. 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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