Dow Today: Chevron (CVX) Leads The Day Higher, International Business Machines (IBM) 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) closed up 89 points (+0.6%) at 16,262. During the day, 409.7 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 closed at 1,858 issues advancing vs. 1,185 declining with 136 unchanged.
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The Dow component that led the way higher today was Chevron (NYSE: CVX), which sported a $1.60 gain (+1.4%) bringing the stock to $120.30. This single gain lifted the Dow Jones Industrial Average by 12.11 points or roughly accounting for 13.6% of the Dow's overall gain. Volume for Chevron ended the day at 7.6 million shares traded vs. an average daily trading volume of 6.6 million shares.

Chevron has a market cap of $222.79 billion and is part of the basic materials sector and energy industry. Shares are down 5% year-to-date as of Monday's close. The stock's dividend yield sits at 3.4%.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

Holding the Dow back today was International Business Machines (NYSE: IBM), which lagged the broader Dow index with a 75-cent decline (-0.4%) bringing the stock to $197.02. Volume for International Business Machines ended the day at 5.2 million shares traded vs. an average daily trading volume of 5.5 million shares.

International Business Machines has a market cap of $203.26 billion and is part of the technology sector and computer software & services industry. Shares are up 5.4% year-to-date as of Monday's close. The stock's dividend yield sits at 2%.

International Business Machines Corporation provides information technology (IT) products and services worldwide.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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