Dow Today: International Business Machines (IBM) Lower

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 28 points (+0.2%) at 16,100 as of Tuesday, Nov 26, 2013, 12:35 p.m. ET. During this time, 129.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 378.7 million. The NYSE advances/declines ratio sits at 1,694 issues advancing vs. 1,250 declining with 116 unchanged.
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Holding back the Dow today is International Business Machines (NYSE: IBM), which is lagging the broader Dow index with an 84-cent decline (-0.5%) bringing the stock to $178.10. Volume for International Business Machines currently sits at 2.3 million shares traded vs. an average daily trading volume of 4.7 million shares.

International Business Machines has a market cap of $196.87 billion and is part of the technology sector and computer software & services industry. Shares are down 5.3% 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 12.6, 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 increase in net income, notable return on equity, expanding profit margins, growth in earnings per share and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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