Dow Today: United Technologies (UTX) Leads The Day Higher, Cisco Systems (CSCO) 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 11 points at 16,543 as of Wednesday, Apr 2, 2014, 9:36 a.m. ET. During this time, 14.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 421.9 million. The NYSE advances/declines ratio sits at 1,363 issues advancing vs. 1,341 declining with 266 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 United Technologies (NYSE: UTX), which is sporting a $1.02 gain (+0.9%) bringing the stock to $118.94. This single gain is lifting the Dow Jones Industrial Average by 7.72 points or roughly accounting for 70.2% of the Dow's overall gain. Volume for United Technologies currently sits at 616,950 shares traded vs. an average daily trading volume of 3.7 million shares.

United Technologies has a market cap of $107.08 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 3.6% year to date as of Tuesday's close. The stock's dividend yield sits at 2.1%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with a 27-cent decline (-1.2%) bringing the stock to $22.83. Volume for Cisco Systems currently sits at 2.2 million shares traded vs. an average daily trading volume of 44.1 million shares.

Cisco Systems has a market cap of $115.47 billion and is part of the technology sector and computer hardware industry. Shares are down 0.1% year to date as of Tuesday's close. The stock's dividend yield sits at 3.5%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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

Cramer: Under Trump, These Are Probably Done Deals

Cramer: Northrop-Orbital Deal Is Bigger Than Just the Synergies

S&P 500 and Dow Score Records With Wall Street Upbeat Ahead of Fed

Honeywell Relocating Global Retail HQ to Massachusetts

Northrop Swoops In to Save the Day for Orbital ATK