Dow Today: International Business Machines (IBM) Higher

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 22 points (+0.1%) at 15,783 as of Monday, Nov 11, 2013, 11:35 a.m. ET. During this time, 95.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 376.4 million. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,370 declining with 128 unchanged.
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The Dow component leading the way higher looks to be International Business Machines (NYSE: IBM), which is sporting a $2.52 gain (+1.4%) bringing the stock to $182.51. This single gain is lifting the Dow Jones Industrial Average by 19.07 points or roughly accounting for 86.7% of the Dow's overall gain. Volume for International Business Machines currently sits at 2.4 million shares traded vs. an average daily trading volume of 4.3 million shares.

Shares are down 6% year to date as of Friday'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.

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