Dow Today: Caterpillar (CAT) Leads The Day Higher, Home Depot (HD) Lags

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 78 points (+0.5%) at 16,438 as of Thursday, Mar 6, 2014, 9:35 a.m. ET. During this time, 13.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 403.4 million. The NYSE advances/declines ratio sits at 1,754 issues advancing vs. 951 declining with 221 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be Caterpillar (NYSE: CAT), which is sporting a $1.17 gain (+1.2%) bringing the stock to $97.54. This single gain is lifting the Dow Jones Industrial Average by 8.85 points or roughly accounting for 11.3% of the Dow's overall gain. Volume for Caterpillar currently sits at 246,286 shares traded vs. an average daily trading volume of 6.1 million shares.

Caterpillar has a market cap of $62.83 billion and is part of the industrial goods sector and industrial industry. Shares are up 6.8% year to date as of Wednesday's close. The stock's dividend yield sits at 2.5%.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels, good cash flow from operations, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader Dow index with a 33-cent decline (-0.4%) bringing the stock to $82.58. Volume for Home Depot currently sits at 222,408 shares traded vs. an average daily trading volume of 6.8 million shares.

Home Depot has a market cap of $116.7 billion and is part of the services sector and retail industry. Shares are up 0.6% year to date as of Wednesday's close. The stock's dividend yield sits at 2.3%.

The Home Depot, Inc. operates as a home improvement retailer.

TheStreet Ratings rates Home Depot 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, good cash flow from operations, increase in stock price during the past year and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

Caterpillar Reports 11% Jump in Global Machine Retail Sales in August

FedEx Makes A Comeback: Cramer's Top Takeaways

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)