Dow Today: 3M (MMM) Leads The Day Higher, Visa (V) Lags

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The Dow Jones Industrial Average ( ^DJI) closed down 190.0 points (-1.2%) at 15,738. During the day, 500.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 363.7 million. The NYSE advances/declines ratio closed at 712 issues advancing vs. 2,354 declining with 113 unchanged.
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The Dow component that led the way higher today was 3M (NYSE: MMM), which sported a 44-cent gain (+0.3%) bringing the stock to $130.25. Volume for 3M ended the day at 3.6 million shares traded vs. an average daily trading volume of 2.9 million shares.

3M has a market cap of $85.79 billion and is part of the conglomerates sector and conglomerates industry. Shares are down 7.4% year to date as of Tuesday's close. The stock's dividend yield sits at 2.6%.

3M Company operates as a diversified technology company worldwide. The company has a P/E ratio of 19.8, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates 3M 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, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Holding the Dow back today was Visa (NYSE: V), which lagged the broader Dow index with a $3.33 decline (-1.5%) bringing the stock to $217.63. This single loss lowered the Dow Jones Industrial Average by 25.2 points or roughly accounting for 13.3% 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 3.1 million shares.

Visa has a market cap of $109.37 billion and is part of the financial sector and financial services industry. Shares are down 0.8% year to date as of Tuesday'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 28.5, 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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