Dow Today: Verizon Communications (VZ) Leads The Day Higher, Goldman Sachs Group (GS) Lags

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The Dow Jones Industrial Average ( ^DJI) closed down 129.0 points (-0.8%) at 16,401. During the day, 308.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 406.1 million. The NYSE advances/declines ratio closed at 968 issues advancing vs. 2,096 declining with 134 unchanged.
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The Dow component that led the way higher today was Verizon Communications (NYSE: VZ), which sported an eight-cent gain (+0.2%) bringing the stock to $47.47. Volume for Verizon Communications ended the day at 13.5 million shares traded vs. an average daily trading volume of 43.5 million shares.

Verizon Communications has a market cap of $195.13 billion and is part of the technology sector and telecommunications industry. Shares are down 3.6% year-to-date as of Monday's close. The stock's dividend yield sits at 4.5%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Holding the Dow back today was Goldman Sachs Group (NYSE: GS), which lagged the broader Dow index with a $1.81 decline (-1.2%) bringing the stock to $154.54. This single loss is lowering the Dow Jones Industrial Average by 13.7 points or roughly accounting for 10.6% of the Dow's overall loss. Volume for Goldman Sachs Group ended the day at 2.9 million shares traded vs. an average daily trading volume of 3.6 million shares.

Goldman Sachs Group has a market cap of $71.41 billion and is part of the financial sector and financial services industry. Shares are down 11.8% year-to-date as of Monday's close. The stock's dividend yield sits at 1.4%.

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 10.5, 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.

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