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 up 25 points (+0.2%) at 15,137 as of Friday, Aug 16, 2013, 10:35 a.m. ET. During this time, 144.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 559.5 million. The NYSE advances/declines ratio sits at 1,231 issues advancing vs. 1,609 declining with 98 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 Home Depot (NYSE: HD), which is sporting a $1.11 gain (+1.5%) bringing the stock to $76.25. This single gain is lifting the Dow Jones Industrial Average by 8.4 points or roughly accounting for 33.6% of the Dow's overall gain. Volume for Home Depot currently sits at 2.8 million shares traded vs. an average daily trading volume of 7.2 million shares. Home Depot has a market cap of $113.12 billion and is part of the services sector and retail industry. Shares are up 21.5% year to date as of Thursday'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.