Dow Today: Home Depot (HD) Higher

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 49 points (+0.3%) at 16,410 as of Monday, Apr 28, 2014, 12:36 p.m. ET. During this time, 218.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 415.8 million. The NYSE advances/declines ratio sits at 1,415 issues advancing vs. 1,576 declining with 152 unchanged.
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The Dow component leading the way higher looks to be Home Depot (NYSE: HD), which is sporting a $1.41 gain (+1.8%) bringing the stock to $80.79. This single gain is lifting the Dow Jones Industrial Average by 10.67 points or roughly accounting for 21.8% of the Dow's overall gain. Volume for Home Depot currently sits at 5.7 million shares traded vs. an average daily trading volume of 7.2 million shares.

Home Depot has a market cap of $109.13 billion and is part of the services sector and retail industry. Shares are down 3.6% year-to-date as of Friday's close. The stock's dividend yield sits at 2.4%.

The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7.

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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