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

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The Dow Jones Industrial Average ( ^DJI) closed down 30.0 points (-0.2%) at 16,103. During the day, 388.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 381 million. The NYSE advances/declines ratio closed at 1,720 issues advancing vs. 1,302 declining with 144 unchanged.
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The Dow component that led the way higher today was Nike (NYSE: NKE), which sported a 90-cent gain (+1.2%) bringing the stock to $76.48. Volume for Nike ended the day at 4.4 million shares traded vs. an average daily trading volume of 3.7 million shares.

Nike has a market cap of $52.94 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 3.9% 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.

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.

Holding the Dow back today was International Business Machines (NYSE: IBM), which lagged the broader Dow index with a $1.47 decline (-0.8%) bringing the stock to $182.79. This single loss lowered the Dow Jones Industrial Average by 11.13 points or roughly accounting for 37.1% of the Dow's overall loss. Volume for International Business Machines ended the day at 5.7 million shares traded vs. an average daily trading volume of 5.1 million shares.

International Business Machines has a market cap of $198.66 billion and is part of the technology sector and computer software & services industry. Shares are down 2.5% year to date as of Thursday's close. The stock's dividend yield sits at 2.1%.

International Business Machines Corporation provides information technology (IT) products and services worldwide.

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, increase in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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