Dow Today: Home Depot (HD) Lower

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 down 82.0 points (-0.5%) at 16,091 as of Tuesday, Apr 15, 2014, 12:36 p.m. ET. During this time, 187.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 425.7 million. The NYSE advances/declines ratio sits at 1,055 issues advancing vs. 1,941 declining with 135 unchanged.
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Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader Dow index with a $1.07 decline (-1.4%) bringing the stock to $74.90. This single loss is lowering the Dow Jones Industrial Average by 8.1 points or roughly accounting for 9.9% of the Dow's overall loss. Volume for Home Depot currently sits at 3.9 million shares traded vs. an average daily trading volume of seven million shares.

Home Depot has a market cap of $103.56 billion and is part of the services sector and retail industry. Shares are down 7.7% year-to-date as of Monday's close. The stock's dividend yield sits at 2.4%.

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.

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