Dow Today: Chevron (CVX) Leads The Day Higher, McDonald's Corporation (MCD) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 12 points at 16,179. During the day, 352.9 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 closed at 1,301 issues advancing vs. 1,750 declining with 110 unchanged.
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The Dow component that led the way higher today was Chevron (NYSE: CVX), which sported a $1.62 gain (+1.3%) bringing the stock to $123.22. This single gain lifted the Dow Jones Industrial Average by 12.26 points or roughly accounting for 102.2% of the Dow's overall gain. Volume for Chevron ended the day at 6.5 million shares traded vs. an average daily trading volume of six million shares.

Chevron has a market cap of $228.36 billion and is part of the basic materials sector and energy industry. Shares are up 12.4% year to date as of Wednesday's close. The stock's dividend yield sits at 3.4%.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron 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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

Holding the Dow back today was McDonald's Corporation (NYSE: MCD), which lagged the broader Dow index with a 79-cent decline (-0.8%) bringing the stock to $95.14. Volume for McDonald's Corporation ended the day at 5.4 million shares traded vs. an average daily trading volume of 5.2 million shares.

McDonald's Corporation has a market cap of $93.91 billion and is part of the services sector and leisure industry. Shares are up 7% year to date as of Wednesday'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, 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.

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