Dow Today: Verizon Communications (VZ) Leads The Day Higher, Hewlett-Packard (HPQ) 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 24 points (+0.2%) at 14,848 as of Thursday, Aug 29, 2013, 9:35 a.m. ET. During this time, 27.2 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 983 issues advancing vs. 1,536 declining with 215 unchanged.
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The Dow component leading the way higher looks to be Verizon Communications (NYSE: VZ), which is sporting a $1.90 gain (+4.1%) bringing the stock to $48.46. This single gain is lifting the Dow Jones Industrial Average by 14.38 points or roughly accounting for 59.9% of the Dow's overall gain. Volume for Verizon Communications currently sits at 7.7 million shares traded vs. an average daily trading volume of 10.6 million shares.

Verizon Communications has a market cap of $134.33 billion and is part of the technology sector and telecommunications industry. Shares are up 8.5% year to date as of Wednesday's close. The stock's dividend yield sits at 4.4%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Holding back the Dow today is Hewlett-Packard (NYSE: HPQ), which is lagging the broader Dow index with a 10-cent decline (-0.5%) bringing the stock to $22.51. Volume for Hewlett-Packard currently sits at 507,562 shares traded vs. an average daily trading volume of 15.3 million shares.

Hewlett-Packard has a market cap of $42.95 billion and is part of the technology sector and computer hardware industry. Shares are up 56.3% year to date as of Wednesday's close. The stock's dividend yield sits at 2.6%.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide.

TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow.

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