Dow Today: International Business Machines (IBM) Leads The Day Higher, Nike (NKE) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 41 points (+0.2%) at 16,458. During the day, 550.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 357.5 million. The NYSE advances/declines ratio closed at 1,281 issues advancing vs. 1,748 declining with 130 unchanged.
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The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $1.33 gain (+0.7%) bringing the stock to $190.09. This single gain lifted the Dow Jones Industrial Average by 10.07 points or roughly accounting for 24.6% of the Dow's overall gain. Volume for International Business Machines ended the day at 7.6 million shares traded vs. an average daily trading volume of five million shares.

International Business Machines has a market cap of $203.86 billion and is part of the technology sector and computer software & services industry. Shares are up 0.6% year to date as of Thursday's close. The stock's dividend yield sits at 2%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Holding the Dow back today was Nike (NYSE: NKE), which lagged the broader Dow index with a $1.40 decline (-1.9%) bringing the stock to $73.39. Volume for Nike ended the day at 4.9 million shares traded vs. an average daily trading volume of 3.2 million shares.

Nike has a market cap of $53.37 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 4.9% year to date as of Thursday's close. The stock's dividend yield sits at 1.3%.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories, as well as in the provision of services to men, women, and kids worldwide. The company has a P/E ratio of 25.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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