Dow Today: Verizon Communications (VZ) Leads The Day Higher, Visa (V) Lags

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The Dow Jones Industrial Average ( ^DJI) closed down 176.0 points (-1.1%) at 16,197. During the day, 424.3 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 1,017 issues advancing vs. 2,065 declining with 104 unchanged.
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The Dow component that led the way higher today was Verizon Communications (NYSE: VZ), which sported a 53-cent gain (+1.1%) bringing the stock to $47.86. Volume for Verizon Communications ended the day at 22.4 million shares traded vs. an average daily trading volume of 11.8 million shares.

Verizon Communications has a market cap of $136.42 billion and is part of the technology sector and telecommunications industry. Shares are down 3.7% year to date as of Wednesday's close. The stock's dividend yield sits at 4.4%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Holding the Dow back today was Visa (NYSE: V), which lagged the broader Dow index with a $4.74 decline (-2%) bringing the stock to $228.25. This single loss lowered the Dow Jones Industrial Average by 35.87 points or roughly accounting for 20.4% of the Dow's overall loss. Volume for Visa ended the day at 3.4 million shares traded vs. an average daily trading volume of three million shares.

Visa has a market cap of $117.32 billion and is part of the financial sector and financial services industry. Shares are up 4.6% year to date as of Wednesday's close. The stock's dividend yield sits at 0.7%.

Visa Inc., a payments technology company, is engaged in the operation of retail electronic payments network worldwide. The company 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 30.6, 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.

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