Dow Today: 3M (MMM) 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 three points at 16,075 as of Wednesday, Nov 27, 2013, 1:35 p.m. ET. During this time, 148.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 381.3 million. The NYSE advances/declines ratio sits at 1,634 issues advancing vs. 1,308 declining with 123 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be 3M (NYSE: MMM), which is sporting a 72-cent gain (+0.5%) bringing the stock to $132.86. This single gain is lifting the Dow Jones Industrial Average by 5.45 points or roughly accounting for 181.7% of the Dow's overall gain. Volume for 3M currently sits at 1.1 million shares traded vs. an average daily trading volume of 2.4 million shares.

3M has a market cap of $88.35 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 42.3% year to date as of Tuesday's close. The stock's dividend yield sits at 1.9%.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Stocks Carve Out New Lows as Chances for December Hike Surge

The Wait for 'Milestone' Fed Meeting Keeps Stocks in Flux

Stock Futures Trade Flat as Balance Sheet Decision From Fed Is Awaited

Crazy Weak U.S. Dollar Will Make These 10 Companies Huge Winners

S&P, Dow Close at Record Highs, Brushing Off Geopolitical Concerns