Dow Today: JPMorgan Chase (JPM) Leads The Day Higher, Chevron (CVX) 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) is trading up 61 points (+0.4%) at 15,606 as of Friday, Nov 1, 2013, 3:00 p.m. ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,769 declining with 107 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a 99-cent gain (+1.9%) bringing the stock to $52.53. This single gain is lifting the Dow Jones Industrial Average by 7.49 points or roughly accounting for 12.3% of the Dow's overall gain.

JPMorgan Chase has a market cap of $198 billion and is part of the financial sector and banking industry. Shares are up 17.2% year to date as of Thursday's close. The stock's dividend yield sits at 2.9%.

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 solid stock price performance, reasonable valuation levels, expanding profit margins 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.

Holding back the Dow today is Chevron (NYSE: CVX), which is lagging the broader Dow index with a $2.22 decline (-1.9%) bringing the stock to $117.74. Volume for Chevron currently sits at 6.4 million shares traded vs. an average daily trading volume of 5.4 million shares.

Chevron has a market cap of $232.42 billion and is part of the basic materials sector and energy industry. Shares are up 11.2% year to date as of Thursday's close. The stock's dividend yield sits at 3.3%.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

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