Dow Today: International Business Machines (IBM) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 113 points (+0.7%) at 15,583 as of Thursday, Jul 18, 2013, 10:35 a.m. ET. During this time, 187 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 592.8 million. The NYSE advances/declines ratio sits at 2,149 issues advancing vs. 659 declining with 106 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 $4.30 gain (+2.2%) bringing the stock to $198.85. This single gain is lifting the Dow Jones Industrial Average by 32.54 points or roughly accounting for 28.8% of the Dow's overall gain. Volume for International Business Machines currently sits at 3.7 million shares traded vs. an average daily trading volume of 4.2 million shares.

International Business Machines has a market cap of $214.94 billion and is part of the technology sector and computer software & services industry. Shares are up 1.6% year to date as of Wednesday's close. The stock's dividend yield sits at 2%.

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.

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, 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.

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

null

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home