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 29 points (+0.2%) at 16,285 as of Wednesday, Apr 9, 2014, 10:36 a.m. ET. During this time, 90.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 425.1 million. The NYSE advances/declines ratio sits at 1,779 issues advancing vs. 1,050 declining with 211 unchanged.
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The Dow component leading the way higher looks to be Procter & Gamble (NYSE: PG), which is sporting a 63-cent gain (+0.8%) bringing the stock to $81.98. This single gain is lifting the Dow Jones Industrial Average by 4.77 points or roughly accounting for 16.4% of the Dow's overall gain. Volume for Procter & Gamble currently sits at 4.5 million shares traded vs. an average daily trading volume of 9.8 million shares. Procter & Gamble has a market cap of $218.24 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 0.1% year-to-date as of Tuesday's close. The stock's dividend yield sits at 3%. The Procter & Gamble Company, together with its subsidiaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. TheStreet Ratings rates Procter & Gamble 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.