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 Link. The Dow Jones Industrial Average ( ^DJI) is trading down 113.0 points (-0.7%) at 15,385 as of Friday, Aug 9, 2013, 11:35 a.m. ET. During this time, 149.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 573 million. The NYSE advances/declines ratio sits at 1,031 issues advancing vs. 1,843 declining with 115 unchanged.
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Holding back the Dow today is Johnson & Johnson (NYSE: JNJ), which is lagging the broader Dow index with a $1.24 decline (-1.3%) bringing the stock to $92.10. This single loss is lowering the Dow Jones Industrial Average by 9.38 points or roughly accounting for 8.3% of the Dow's overall loss. Volume for Johnson & Johnson currently sits at 5.1 million shares traded vs. an average daily trading volume of 9.9 million shares. Johnson & Johnson has a market cap of $263.94 billion and is part of the health care sector and drugs industry. Shares are up 33.6% year to date as of Thursday's close. The stock's dividend yield sits at 2.8%. Johnson & Johnson, together with its subsidiaries, engages in the research and development, manufacture, and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. TheStreet Ratings rates Johnson & Johnson as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.