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 down 67.0 points (-0.4%) at 15,124 as of Wednesday, Oct 2, 2013, 1:30 p.m. ET. During this time, 192 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 1,338 issues advancing vs. 1,599 declining with 114 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a 71-cent gain (+1.4%) bringing the stock to $52.29. Volume for JPMorgan Chase currently sits at 13.8 million shares traded vs. an average daily trading volume of 18.1 million shares. JPMorgan Chase has a market cap of $189.41 billion and is part of the financial sector and banking industry. Shares are up 14.4% year to date as of Tuesday's close. The stock's dividend yield sits at 3%. JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.