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) closed up 118 points (+0.8%) at 15,494. During the day, 429.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 518.8 million. The NYSE advances/declines ratio closed at 2,046 issues advancing vs. 952 declining with 108 unchanged.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The Dow component that led the way higher today was United Technologies (NYSE: UTX), which sported a $1.31 gain (+1.2%) bringing the stock to $109.70. This single gain lifted the Dow Jones Industrial Average by 9.91 points or roughly accounting for 8.4% of the Dow's overall gain. Volume for United Technologies ended the day at 2.8 million shares traded vs. an average daily trading volume of three million shares. United Technologies has a market cap of $98.94 billion and is part of the industrial goods sector and industrial industry. Shares are up 31.5% year to date as of Friday's close. The stock's dividend yield sits at 2%. United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Holding the Dow back today was Hewlett-Packard (NYSE: HPQ), which lagged the broader Dow index with a 33-cent decline (-1.5%) bringing the stock to $21.74. Volume for Hewlett-Packard ended the day at 14.8 million shares traded vs. an average daily trading volume of 15.1 million shares.
Hewlett-Packard has a market cap of $42.2 billion and is part of the technology sector and computer hardware industry. Shares are up 54.1% year to date as of Friday'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 solid stock price performance, 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.