Dow Today: General Electric (GE) 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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 209.0 points (-1.4%) at 15,128 as of Thursday, Aug 15, 2013, 1:35 p.m. ET. During this time, 366 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 561.5 million. The NYSE advances/declines ratio sits at 366 issues advancing vs. 2,680 declining with 62 unchanged.
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Holding back the Dow today is General Electric (NYSE: GE), which is lagging the broader Dow index with an 11-cent decline (-0.5%) bringing the stock to $23.96. This single loss is lowering the Dow Jones Industrial Average by 0.83 points or roughly accounting for 0.4% of the Dow's overall loss. Volume for General Electric currently sits at 25.7 million shares traded vs. an average daily trading volume of 38 million shares.

General Electric has a market cap of $246.45 billion and is part of the industrial goods sector and industrial industry. Shares are up 14.7% year to date as of Wednesday's close. The stock's dividend yield sits at 3.1%.

General Electric Company operates as an infrastructure and financial services company worldwide.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year, notable return on equity and increase in net income. 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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