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 down 93.0 points (-0.6%) at 15,750 as of Thursday, Dec 12, 2013, 1:35 p.m. ET. During this time, 210.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 374.7 million. The NYSE advances/declines ratio sits at 1,110 issues advancing vs. 1,871 declining with 126 unchanged.
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The Dow component leading the way higher looks to be
Home Depot (NYSE:
HD), which is sporting a three-cent gain to $79.03. Volume for Home Depot currently sits at 4.6 million shares traded vs. an average daily trading volume of seven million shares.
Home Depot has a market cap of $110.7 billion and is part of the services sector and retail industry. Shares are up 27.7% year to date as of Wednesday's close. The stock's dividend yield sits at 2%.
The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Home Depot as a
buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
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