Dow Today: International Business Machines (IBM) 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 93 points (+0.6%) at 15,284 as of Wednesday, Sep 11, 2013, 12:35 p.m. ET. During this time, 197.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 521.1 million. The NYSE advances/declines ratio sits at 1,438 issues advancing vs. 1,461 declining with 119 unchanged.
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The Dow component leading the way higher looks to be International Business Machines (NYSE: IBM), which is sporting a $3.48 gain (+1.9%) bringing the stock to $190.08. This single gain is lifting the Dow Jones Industrial Average by 26.34 points or roughly accounting for 28.3% of the Dow's overall gain. Volume for International Business Machines currently sits at 2.5 million shares traded vs. an average daily trading volume of 3.8 million shares.

International Business Machines has a market cap of $202.63 billion and is part of the technology sector and computer software & services industry. Shares are down 2.6% year to date as of Tuesday's close. The stock's dividend yield sits at 2.1%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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