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 101 points (+0.6%) at 16,280 as of Friday, Dec 20, 2013, 12:35 p.m. ET. During this time, 245.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 372.6 million. The NYSE advances/declines ratio sits at 2,294 issues advancing vs. 699 declining with 117 unchanged.
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The Dow component leading the way higher looks to be Visa (NYSE: V), which is sporting a 51-cent gain (+0.2%) bringing the stock to $216.59. This single gain is lifting the Dow Jones Industrial Average by 3.86 points or roughly accounting for 3.8% of the Dow's overall gain. Volume for Visa currently sits at 2.3 million shares traded vs. an average daily trading volume of 3.1 million shares. Visa has a market cap of $108.93 billion and is part of the financial sector and financial services industry. Shares are up 42.5% year to date as of Thursday's close. The stock's dividend yield sits at 0.7%. Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company has a P/E ratio of 28.4, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Visa 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 notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.