Dow Today: AT&T (T) Leads The Day Higher, Goldman Sachs Group (GS) Lags

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 down 136.0 points (-0.9%) at 14,936. During the day, 287.7 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 closed at 643 issues advancing vs. 2,387 declining with 94 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 AT&T (NYSE: T), which sported a 25-cent gain (+0.7%) bringing the stock to $34. Volume for AT&T ended the day at 20.4 million shares traded vs. an average daily trading volume of 19.6 million shares.

AT&T has a market cap of $181.05 billion and is part of the technology sector and telecommunications industry. Shares are up 1.1% year to date as of Friday's close. The stock's dividend yield sits at 5.3%.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Holding the Dow back today was Goldman Sachs Group (NYSE: GS), which lagged the broader Dow index with a $2.30 decline (-1.5%) bringing the stock to $154.25. This single loss lowered the Dow Jones Industrial Average by 17.41 points or roughly accounting for 12.8% of the Dow's overall loss. Volume for Goldman Sachs Group ended the day at 2.6 million shares traded vs. an average daily trading volume of 3.1 million shares.

Goldman Sachs Group has a market cap of $73.19 billion and is part of the financial sector and financial services industry. Shares are up 27.8% year to date as of Friday's close. The stock's dividend yield sits at 1.2%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

Sprint T-Mobile Merger Will Have to Contend With This Wonky Number the DOJ Uses

T-Mobile and Sprint Will Have to Overcome These 4 Things in Order to Merge

T-Mobile and Sprint Reportedly Agree on a Deal to Split Ownership

Cord Cutters Aren't Just Leaving Pay-TV Because of Price