Dow Today: 3M (MMM) Leads The Day Higher, Verizon Communications (VZ) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 59 points (+0.4%) at 16,323. During the day, 344.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 414 million. The NYSE advances/declines ratio closed at 2,171 issues advancing vs. 858 declining with 158 unchanged.
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The Dow component that led the way higher today was 3M (NYSE: MMM), which sported a $1.36 gain (+1%) bringing the stock to $134.20. This single gain lifted the Dow Jones Industrial Average by 10.29 points or roughly accounting for 17.4% of the Dow's overall gain. Volume for 3M ended the day at 1.9 million shares traded vs. an average daily trading volume of three million shares.

3M has a market cap of $88.2 billion and is part of the industrial goods sector and industrial industry. Shares are down 5.3% year to date as of Thursday's close. The stock's dividend yield sits at 2.6%.

3M Company operates as a diversified technology company worldwide.

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 growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Holding the Dow back today was Verizon Communications (NYSE: VZ), which lagged the broader Dow index with a 27-cent decline (-0.6%) bringing the stock to $47.42. Volume for Verizon Communications ended the day at 24.1 million shares traded vs. an average daily trading volume of 41.6 million shares.

Verizon Communications has a market cap of $194.62 billion and is part of the technology sector and telecommunications industry. Shares are down 3% year to date as of Thursday'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 lackluster performance in the stock itself.

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