Dow Today: Home Depot (HD) Higher

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 35.0 points (-0.2%) at 14,967 as of Wednesday, Aug 21, 2013, 10:35 a.m. ET. During this time, 92.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 551.6 million. The NYSE advances/declines ratio sits at 795 issues advancing vs. 2,048 declining with 102 unchanged.
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The Dow component leading the way higher looks to be Home Depot (NYSE: HD), which is sporting an 88-cent gain (+1.2%) bringing the stock to $75.17. Volume for Home Depot currently sits at 3.3 million shares traded vs. an average daily trading volume of 7.1 million shares.

Home Depot has a market cap of $109.87 billion and is part of the services sector and retail industry. Shares are up 20.1% year to date as of Tuesday's close. The stock's dividend yield sits at 2.1%.

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, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. 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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