Dow Today: Verizon Communications (VZ) Leads The Day Higher, Cisco Systems (CSCO) 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 56 points (+0.4%) at 14,986 as of Thursday, Sep 5, 2013, 9:35 a.m. ET. During this time, 22.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 525.4 million. The NYSE advances/declines ratio sits at 1,294 issues advancing vs. 1,203 declining with 206 unchanged.
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The Dow component leading the way higher looks to be Verizon Communications (NYSE: VZ), which is sporting a 38-cent gain (+0.8%) bringing the stock to $47.16. This single gain is lifting the Dow Jones Industrial Average by 2.88 points or roughly accounting for 5.1% of the Dow's overall gain. Volume for Verizon Communications currently sits at 881,248 shares traded vs. an average daily trading volume of 11.2 million shares.

Verizon Communications has a market cap of $131.66 billion and is part of the technology sector and telecommunications industry. Shares are up 8.1% year to date as of Wednesday's close. The stock's dividend yield sits at 4.6%.

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 Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with a 10-cent decline (-0.4%) bringing the stock to $23.67. Volume for Cisco Systems currently sits at 1.2 million shares traded vs. an average daily trading volume of 35.1 million shares.

Cisco Systems has a market cap of $125.49 billion and is part of the technology sector and computer hardware industry. Shares are up 19.5% year to date as of Wednesday's close. The stock's dividend yield sits at 2.9%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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