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 117 points (+0.8%) at 15,616 as of Thursday, Aug 1, 2013, 1:35 p.m. ET. During this time, 276 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 1,916 issues advancing vs. 1,061 declining with 87 unchanged.
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The Dow component leading the way higher looks to be Caterpillar (NYSE: CAT), which is sporting a $1.41 gain (+1.7%) bringing the stock to $84.32. This single gain is lifting the Dow Jones Industrial Average by 10.67 points or roughly accounting for 9.1% of the Dow's overall gain. Volume for Caterpillar currently sits at 3.4 million shares traded vs. an average daily trading volume of 6.3 million shares. Caterpillar has a market cap of $54.71 billion and is part of the industrial goods sector and industrial industry. Shares are down 7.5% year to date as of Wednesday's close. The stock's dividend yield sits at 2.9%. Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.