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 60 points (+0.4%) at 15,189 as of Tuesday, Oct 1, 2013, 1:30 p.m. ET. During this time, 183.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 364.4 million. The NYSE advances/declines ratio sits at 2,089 issues advancing vs. 877 declining with 94 unchanged.
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The Dow component leading the way higher looks to be Procter & Gamble (NYSE: PG), which is sporting a 69-cent gain (+0.9%) bringing the stock to $76.28. This single gain is lifting the Dow Jones Industrial Average by 5.22 points or roughly accounting for 8.7% of the Dow's overall gain. Volume for Procter & Gamble currently sits at 4.5 million shares traded vs. an average daily trading volume of 7.2 million shares. Procter & Gamble has a market cap of $215.29 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 15.8% year to date as of Monday's close. The stock's dividend yield sits at 3.1%. The Procter & Gamble Company, together with its subsidiaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. TheStreet Ratings rates Procter & Gamble 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, increase in stock price during the past year and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.