Dow Today: Visa (V) Leads The Day Higher, Chevron (CVX) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 69 points (+0.4%) at 16,675. During the day, 274 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 380.9 million. The NYSE advances/declines ratio closed at 2,099 issues advancing vs. 953 declining with 142 unchanged.
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The Dow component that led the way higher today was Visa (NYSE: V), which sported a $2.43 gain (+1.1%) bringing the stock to $214.50. This single gain is lifting the Dow Jones Industrial Average by 18.39 points or roughly accounting for 26.7% of the Dow's overall gain. Volume for Visa ended the day at 2.4 million shares traded vs. an average daily trading volume of 3.5 million shares.

Visa has a market cap of $105.91 billion and is part of the financial sector and financial services industry. Shares are down 4.8% year-to-date as of Friday's close. The stock's dividend yield sits at 0.8%.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Holding the Dow back today was Chevron (NYSE: CVX), which lagged the broader Dow index with a 53-cent decline (-0.4%) bringing the stock to $122.84. Volume for Chevron ended the day at 4.2 million shares traded vs. an average daily trading volume of 5.9 million shares.

Chevron has a market cap of $234.85 billion and is part of the basic materials sector and energy industry. Shares are down 1.2% year-to-date as of Friday's close. The stock's dividend yield sits at 3.5%.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

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