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 192 points (+1.2%) at 16,360 as of Tuesday, Mar 4, 2014, 10:35 a.m. ET. During this time, 87.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 402.3 million. The NYSE advances/declines ratio sits at 2,643 issues advancing vs. 302 declining with 139 unchanged.
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The Dow component leading the way higher looks to be Verizon Communications (NYSE: VZ), which is sporting a 45-cent gain (+0.9%) bringing the stock to $47.76. This single gain is lifting the Dow Jones Industrial Average by 3.41 points or roughly accounting for 1.8% of the Dow's overall gain. Volume for Verizon Communications currently sits at 11.2 million shares traded vs. an average daily trading volume of 33.9 million shares. Verizon Communications has a market cap of $197.04 billion and is part of the technology sector and telecommunications industry. Shares are down 3.7% year to date as of Monday's close. The stock's dividend yield sits at 4.5%. Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.