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 down 44.0 points (-0.3%) at 15,514 as of Monday, Jul 29, 2013, 12:35 p.m. ET. During this time, 180.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 586.8 million. The NYSE advances/declines ratio sits at 829 issues advancing vs. 2,095 declining with 99 unchanged.
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The Dow component leading the way higher looks to be Home Depot (NYSE: HD), which is sporting a six-cent gain to $78.80. Volume for Home Depot currently sits at 2.5 million shares traded vs. an average daily trading volume of 7.3 million shares. Home Depot has a market cap of $115.39 billion and is part of the services sector and retail industry. Shares are up 27.7% year to date as of Friday's close. The stock's dividend yield sits at 1.9%. The Home Depot, Inc. operates as a home improvement retailer. TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.