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 156 points (+1%) at 15,977 as of Friday, Dec 6, 2013, 11:40 a.m. ET. During this time, 135.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 373 million. The NYSE advances/declines ratio sits at 2,203 issues advancing vs. 732 declining with 103 unchanged.
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The Dow component leading the way higher looks to be McDonald's Corporation (NYSE: MCD), which is sporting a $1.05 gain (+1.1%) bringing the stock to $96.48. This single gain is lifting the Dow Jones Industrial Average by 7.95 points or roughly accounting for 5.1% of the Dow's overall gain. Volume for McDonald's Corporation currently sits at 2.3 million shares traded vs. an average daily trading volume of 5.1 million shares. McDonald's Corporation has a market cap of $95.23 billion and is part of the services sector and leisure industry. Shares are up 8.2% year to date as of Thursday's close. The stock's dividend yield sits at 3.4%. McDonald's Corporation franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. Its restaurants offer various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates McDonald's Corporation 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, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.