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 89 points (+0.6%) at 15,682 as of Friday, Nov 8, 2013, 12:30 p.m. ET. During this time, 181.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375.8 million. The NYSE advances/declines ratio sits at 1,534 issues advancing vs. 1,438 declining with 80 unchanged.
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Holding back the Dow today is International Business Machines (NYSE: IBM), which is lagging the broader Dow index with a $1.89 decline (-1.1%) bringing the stock to $178.11. Volume for International Business Machines currently sits at three million shares traded vs. an average daily trading volume of 4.3 million shares. Shares are down 6.5% year to date as of Thursday's close. The stock's dividend yield sits at 2.1%. International Business Machines Corporation provides information technology (IT) products and services worldwide. TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.