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 61 points (+0.4%) at 16,579 as of Thursday, May 8, 2014, 1:36 p.m. ET. During this time, 182.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 394.9 million. The NYSE advances/declines ratio sits at 1,699 issues advancing vs. 1,305 declining with 176 unchanged.
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The Dow component leading the way higher looks to be American Express (NYSE: AXP), which is sporting a $1.08 gain (+1.2%) bringing the stock to $89.06. This single gain is lifting the Dow Jones Industrial Average by 8.17 points or roughly accounting for 13.4% of the Dow's overall gain. Volume for American Express currently sits at 2.6 million shares traded vs. an average daily trading volume of 3.7 million shares. American Express has a market cap of $91.25 billion and is part of the financial sector and financial services industry. Shares are down 3% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.1%. American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.