Dow Today: American Express (AXP) 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 122 points (+0.8%) at 15,621 as of Thursday, Aug 1, 2013, 11:35 a.m. ET. During this time, 181.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 584.9 million. The NYSE advances/declines ratio sits at 1,966 issues advancing vs. 942 declining with 95 unchanged.
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The Dow component leading the way higher looks to be American Express (NYSE: AXP), which is sporting a $1.98 gain (+2.7%) bringing the stock to $75.75. This single gain is lifting the Dow Jones Industrial Average by 14.99 points or roughly accounting for 12.3% of the Dow's overall gain. Volume for American Express currently sits at 2.5 million shares traded vs. an average daily trading volume of 5.8 million shares.

American Express has a market cap of $81.12 billion and is part of the financial sector and financial services industry. Shares are up 28.3% year to date as of Wednesday'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, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. 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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