Dow Today: International Business Machines (IBM) Lower

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 86.0 points (-0.6%) at 15,432 as of Wednesday, Aug 7, 2013, 11:35 a.m. ET. During this time, 172.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 578.4 million. The NYSE advances/declines ratio sits at 746 issues advancing vs. 2,154 declining with 107 unchanged.
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Holding back the Dow today is International Business Machines (NYSE: IBM), which is lagging the broader Dow index with a $1.63 decline (-0.9%) bringing the stock to $188.41. This single loss is lowering the Dow Jones Industrial Average by 12.34 points or roughly accounting for 14.3% of the Dow's overall loss. Volume for International Business Machines currently sits at 1.7 million shares traded vs. an average daily trading volume of four million shares.

International Business Machines has a market cap of $214.16 billion and is part of the technology sector and computer software & services industry. Shares are down 0.3% year to date as of Tuesday's close. The stock's dividend yield sits at 1.9%.

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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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