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 15,989 as of Thursday, Nov 21, 2013, 12:35 p.m. ET. During this time, 145.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 380.5 million. The NYSE advances/declines ratio sits at 2,110 issues advancing vs. 801 declining with 131 unchanged.
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Holding back the Dow today is Caterpillar (NYSE: CAT), which is lagging the broader Dow index with a 66-cent decline (-0.8%) bringing the stock to $82.02. Volume for Caterpillar currently sits at 3.3 million shares traded vs. an average daily trading volume of 5.1 million shares. Caterpillar has a market cap of $53.24 billion and is part of the industrial goods sector and industrial industry. Shares are down 7.7% year to date as of Wednesday's close. The stock's dividend yield sits at 2.9%. Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company has a P/E ratio of 15.9, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.