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 70 points (+0.5%) at 14,846 as of Wednesday, Aug 28, 2013, 12:35 p.m. ET. During this time, 239.1 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 1,865 issues advancing vs. 1,062 declining with 104 unchanged.
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The Dow component leading the way higher looks to be Exxon Mobil Corporation (NYSE: XOM), which is sporting a $1.82 gain (+2.1%) bringing the stock to $88.64. This single gain is lifting the Dow Jones Industrial Average by 13.77 points or roughly accounting for 19.7% of the Dow's overall gain. Volume for Exxon Mobil Corporation currently sits at 7.8 million shares traded vs. an average daily trading volume of 12.4 million shares. Exxon Mobil Corporation has a market cap of $383.34 billion and is part of the basic materials sector and energy industry. Shares are up 0.3% year to date as of Tuesday's close. The stock's dividend yield sits at 2.9%. Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company also transports and sells crude oil, natural gas, and petroleum products. It has approximately 37,228 gross and 31,264 net operated wells. TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.