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 170 points (+1.1%) at 15,991 as of Friday, Dec 6, 2013, 12:40 p.m. ET. During this time, 167 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 2,245 issues advancing vs. 710 declining with 105 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 32-cent gain (+1.5%) bringing the stock to $21.22. This single gain is lifting the Dow Jones Industrial Average by 2.42 points or roughly accounting for 1.4% of the Dow's overall gain. Volume for Cisco Systems currently sits at 25.7 million shares traded vs. an average daily trading volume of 42.5 million shares. Cisco Systems has a market cap of $113.61 billion and is part of the technology sector and computer hardware industry. Shares are up 6.4% year to date as of Thursday's close. The stock's dividend yield sits at 3.2%. Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Cisco Systems 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, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.