Dow Today: Verizon Communications (VZ) Leads The Day Higher, American Express (AXP) Lags

The Dow Jones Industrial Average ( ^DJI) is trading up 16 points (+0.1%) at 15,467 as of Wednesday, Jul 17, 2013, 9:35 a.m. ET. During this time, 46 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 594 million. The NYSE advances/declines ratio sits at 2,013 issues advancing vs. 560 declining with 148 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 Verizon Communications (NYSE: VZ), which is sporting an 80-cent gain (+1.6%) bringing the stock to $51.08. This single gain is lifting the Dow Jones Industrial Average by 6.05 points or roughly accounting for 37.8% of the Dow's overall gain. Volume for Verizon Communications currently sits at 541,488 shares traded vs. an average daily trading volume of 12.1 million shares.

Verizon Communications has a market cap of $148.26 billion and is part of the technology sector and telecommunications industry. Shares are up 16.2% year to date as of Tuesday's close. The stock's dividend yield sits at 4.1%.

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 growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Holding back the Dow today is American Express (NYSE: AXP), which is lagging the broader Dow index with a $2.73 decline (-3.5%) bringing the stock to $75.54. Volume for American Express currently sits at 1.2 million shares traded vs. an average daily trading volume of 5.5 million shares.

American Express has a market cap of $85.53 billion and is part of the financial sector and financial services industry. Shares are up 36.2% year to date as of Tuesday's close. The stock's dividend yield sits at 1.2%.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. 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

3 Names That Could Jump 25% if Big 'What Ifs' Are Answered

3 Names That Could Jump 25% if Big 'What Ifs' Are Answered

Twitter CEO Jack Dorsey: Our Independence Is an Advantage

Twitter CEO Jack Dorsey: Our Independence Is an Advantage

Verizon Defies FCC Agreement, to Start Locking Phones in Spring

Verizon Defies FCC Agreement, to Start Locking Phones in Spring

Cramer: 10 Stock Surprises

Cramer: 10 Stock Surprises

Twitter's Ongoing Turnaround Fuels Stock Gains -- and M&A Hopes

Twitter's Ongoing Turnaround Fuels Stock Gains -- and M&A Hopes