Dow Today: United Technologies (UTX) Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links.

The Dow Jones Industrial Average ( ^DJI) is trading up 15 points at 15,560 as of Tuesday, Jul 23, 2013, 10:35 a.m. ET. During this time, 145.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 598.9 million. The NYSE advances/declines ratio sits at 1,573 issues advancing vs. 1,237 declining with 128 unchanged.
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The Dow component leading the way higher looks to be United Technologies (NYSE: UTX), which is sporting a $2.34 gain (+2.3%) bringing the stock to $104.45. This single gain is lifting the Dow Jones Industrial Average by 17.71 points or roughly accounting for 118.1% of the Dow's overall gain. Volume for United Technologies currently sits at 1.4 million shares traded vs. an average daily trading volume of 3.4 million shares.

United Technologies has a market cap of $94.21 billion and is part of the industrial goods sector and industrial industry. Shares are up 24.5% year to date as of Monday's close. The stock's dividend yield sits at 2.1%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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