Dow Today: American Express (AXP) Higher

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 98 points (+0.6%) at 16,277 as of Friday, Dec 20, 2013, 1:35 p.m. ET. During this time, 278.9 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 2,332 issues advancing vs. 697 declining with 101 unchanged.
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The Dow component leading the way higher looks to be American Express (NYSE: AXP), which is sporting an 84-cent gain (+1%) bringing the stock to $87.25. This single gain is lifting the Dow Jones Industrial Average by 6.36 points or roughly accounting for 6.5% of the Dow's overall gain. Volume for American Express currently sits at 3.1 million shares traded vs. an average daily trading volume of 3.7 million shares.

American Express has a market cap of $92.12 billion and is part of the financial sector and financial services industry. Shares are up 50.3% year to date as of Thursday's close. The stock's dividend yield sits at 1.1%.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. 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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