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 7.0 points at 16,507 as of Wednesday, Apr 23, 2014, 1:35 p.m. ET. During this time, 210.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 418.9 million. The NYSE advances/declines ratio sits at 1,647 issues advancing vs. 1,372 declining with 136 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.

Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader Dow index with a 50-cent decline (-0.6%) bringing the stock to $79.17. This single loss is lowering the Dow Jones Industrial Average by 3.78 points or roughly accounting for 54% of the Dow's overall loss. Volume for Home Depot currently sits at 4.2 million shares traded vs. an average daily trading volume of 7.2 million shares.

Home Depot has a market cap of $106.66 billion and is part of the services sector and retail industry. Shares are down 3.2% year-to-date as of Tuesday'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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

Lowe's Predictable Plateaus

This Is How to Avoid Becoming Amazon Roadkill

These Stocks Pay You to Own Them

Cramer: Dominoes Are in Play Today