Dow Today: Chevron (CVX) Leads The Day Higher, Caterpillar (CAT) 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 up 23 points (+0.2%) at 14,799 as of Wednesday, Aug 28, 2013, 9:35 a.m. ET. During this time, 21.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 539.8 million. The NYSE advances/declines ratio sits at 1,178 issues advancing vs. 1,427 declining with 181 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 Chevron (NYSE: CVX), which is sporting a $1.63 gain (+1.4%) bringing the stock to $120.44. This single gain is lifting the Dow Jones Industrial Average by 12.34 points or roughly accounting for 53.7% of the Dow's overall gain. Volume for Chevron currently sits at 402,928 shares traded vs. an average daily trading volume of 5.3 million shares.

Chevron has a market cap of $229.6 billion and is part of the basic materials sector and energy industry. Shares are up 9.9% year to date as of Tuesday's close. The stock's dividend yield sits at 3.4%.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

Holding back the Dow today is Caterpillar (NYSE: CAT), which is lagging the broader Dow index with a $1.18 decline (-1.4%) bringing the stock to $81.52. Volume for Caterpillar currently sits at 677,934 shares traded vs. an average daily trading volume of six million shares.

Caterpillar has a market cap of $54.11 billion and is part of the industrial goods sector and industrial industry. Shares are down 7.7% year to date as of Tuesday's close. The stock's dividend yield sits at 2.9%.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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

If you liked this article you might like

Energy Takes a Backseat as Crude Oil Stabilizes Under $50

Energy M&A Weekly: More Midstream IPOs Expected in 2017

Here's Where Wall Street Stands

Attorneys General Investigate Thousands of Hurricane Price-Gouging Claims

Walmart, Starbucks Respond to Hurricanes the Best -- Others? Not So Much