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 up 14 points at 14,951 as of Friday, Sep 6, 2013, 12:35 p.m. ET. During this time, 246.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 525.9 million. The NYSE advances/declines ratio sits at 1,968 issues advancing vs. 907 declining with 132 unchanged.
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The Dow component leading the way higher looks to be Home Depot (NYSE: HD), which is sporting a 16-cent gain (+0.2%) bringing the stock to $73.15. This single gain is lifting the Dow Jones Industrial Average by 1.21 points or roughly accounting for 8.6% of the Dow's overall gain. Volume for Home Depot currently sits at 5.6 million shares traded vs. an average daily trading volume of 7.3 million shares.

Home Depot has a market cap of $106.2 billion and is part of the services sector and retail industry. Shares are up 18% year to date as of Thursday'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, revenue growth, notable return on equity, compelling growth in net income and solid stock price performance. 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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