Dow Today: Goldman Sachs Group (GS) 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 down 22.0 points (-0.1%) at 16,558. During the day, 307.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 410.2 million. The NYSE advances/declines ratio closed at 1,753 issues advancing vs. 1,313 declining with 135 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.

The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS), which sported a 55-cent gain (+0.3%) bringing the stock to $160.37. Volume for Goldman Sachs Group ended the day at 2.1 million shares traded vs. an average daily trading volume of 3.6 million shares.

Goldman Sachs Group has a market cap of $71.12 billion and is part of the financial sector and financial services industry. Shares are down 9.8% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.3%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels 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.

Holding the Dow back today was International Business Machines (NYSE: IBM), which lagged the broader Dow index with a $2.94 decline (-1.5%) bringing the stock to $193.53. This single loss lowered the Dow Jones Industrial Average by 22.25 points or roughly accounting for 101.1% of the Dow's overall loss. Volume for International Business Machines ended the day at 3.7 million shares traded vs. an average daily trading volume of 5.3 million shares.

International Business Machines has a market cap of $203.18 billion and is part of the technology sector and computer software & services industry. Shares are up 4.7% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 12.5, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a buy. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. 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

China's Banks Halt Business With North Korea Per United Nations Sanctions

Why Hurricanes Won't Force the Fed to Ditch a December Rate Hike

Fed Pares $4.5 Trillion Balance Sheet But Easy-Money Era Isn't Over

Bank Stocks Move Higher as Fed Decides to Start Unwinding Balance Sheet

Cramer: Goldman's Downgrade Of J&J Is 'Questionable'