Dow Today: Goldman Sachs Group (GS) 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 65 points (+0.4%) at 16,162 as of Friday, Nov 29, 2013, 10:35 a.m. ET. During this time, 49.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 379 million. The NYSE advances/declines ratio sits at 1,827 issues advancing vs. 956 declining with 124 unchanged.
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The Dow component leading the way higher looks to be Goldman Sachs Group (NYSE: GS), which is sporting a $2 gain (+1.2%) bringing the stock to $170.22. This single gain is lifting the Dow Jones Industrial Average by 15.14 points or roughly accounting for 23.3% of the Dow's overall gain. Volume for Goldman Sachs Group currently sits at 628,262 shares traded vs. an average daily trading volume of 3.4 million shares.

Goldman Sachs Group has a market cap of $76.24 billion and is part of the financial sector and financial services industry. Shares are up 31.9% year to date as of Wednesday's close. The stock's dividend yield sits at 1.3%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. The company has a P/E ratio of 10.2, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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