Dow Today: Bank Of America Corporation (BAC) Leads The Day Higher, Home Depot (HD) Lags

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 39.0 points (-0.3%) at 15,412 as of Wednesday, Aug 14, 2013, 9:35 a.m. ET. During this time, 17.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 564 million. The NYSE advances/declines ratio sits at 1,248 issues advancing vs. 1,306 declining with 193 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be Bank of America Corporation (NYSE: BAC), which is sporting an eight-cent gain (+0.6%) bringing the stock to $14.60. Volume for Bank of America Corporation currently sits at 4.4 million shares traded vs. an average daily trading volume of 118 million shares.

Bank of America Corporation has a market cap of $154.81 billion and is part of the financial sector and banking industry. Shares are up 24.1% year to date as of Tuesday's close. The stock's dividend yield sits at 0.3%.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity.

Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader Dow index with a 65-cent decline (-0.8%) bringing the stock to $78.79. This single loss is lowering the Dow Jones Industrial Average by 4.92 points or roughly accounting for 12.6% of the Dow's overall loss. Volume for Home Depot currently sits at 153,043 shares traded vs. an average daily trading volume of 7.2 million shares.

Home Depot has a market cap of $115.7 billion and is part of the services sector and retail industry. Shares are up 28.4% year to date as of Tuesday's close. The stock's dividend yield sits at 2%.

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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

China to Slash Automobile Tariffs and 4 Other Stories You Must Know Tuesday

China to Slash Automobile Tariffs and 4 Other Stories You Must Know Tuesday

China Slashes Auto Import Tariffs as Trump's Trade Push Gets Big Early Win

China Slashes Auto Import Tariffs as Trump's Trade Push Gets Big Early Win

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Micron Spikes After $10 Billion Buyback Plan Caps Bullish Q3 Earnings Forecast

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment

Global Stocks Push Higher as China Tariff Move, Softer US Dollar Boost Sentiment