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 53.0 points (-0.3%) at 15,730 as of Tuesday, Nov 12, 2013, 12:30 p.m. ET. The NYSE advances/declines ratio sits at 823 issues advancing vs. 2,125 declining with 104 unchanged.
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Holding back the Dow today is International Business Machines (NYSE: IBM), which is lagging the broader index with a four-cent decline to $182.84. This single drop is lowering the Dow Jones Industrial Average by 0.3 points or roughly accounting for 0.6% of the Dow's overall loss. Volume for International Business Machines currently sits at 2.4 million shares traded vs. an average daily trading volume of 4.3 million shares. International Business Machines has a market cap of $195.44 billion and is part of the technology sector and computer software & services industry. Shares are down 6% year to date as of Monday's close. The stock's dividend yield sits at 2.1%. International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 12.5, below the S&P 500 P/E ratio of 17.7. 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.