Dow Today: General Electric (GE) Lower

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 11.0 points at 16,156 as of Thursday, Dec 19, 2013, 10:35 a.m. ET. During this time, 83.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 370.5 million. The NYSE advances/declines ratio sits at 899 issues advancing vs. 1,983 declining with 168 unchanged.
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Holding back the Dow today is General Electric (NYSE: GE), which is lagging the broader Dow index with a 22-cent decline (-0.8%) bringing the stock to $26.98. This single loss is lowering the Dow Jones Industrial Average by 1.67 points or roughly accounting for 15.2% of the Dow's overall loss. Volume for General Electric currently sits at 13.9 million shares traded vs. an average daily trading volume of 36.5 million shares.

General Electric has a market cap of $273.47 billion and is part of the industrial goods sector and industrial industry. Shares are up 28.8% year to date as of Wednesday's close. The stock's dividend yield sits at 3.3%.

General Electric Company operates as an infrastructure and financial services company worldwide. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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