Dow Today: Pfizer (PFE) 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 18 points (+0.1%) at 16,651 as of Thursday, May 29, 2014, 10:36 a.m. ET. During this time, 52 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 363.5 million. The NYSE advances/declines ratio sits at 1,546 issues advancing vs. 1,290 declining with 212 unchanged.
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The Dow component leading the way higher looks to be Pfizer (NYSE: PFE), which is sporting a two-cent gain to $29.63. This single gain is lifting the Dow Jones Industrial Average by 0.15 points or roughly accounting for 0.8% of the Dow's overall gain. Volume for Pfizer currently sits at 7.2 million shares traded vs. an average daily trading volume of 30.9 million shares.

Pfizer has a market cap of $188.87 billion and is part of the health care sector and drugs industry. Shares are down 3.3% year-to-date as of Wednesday's close. The stock's dividend yield sits at 3.5%.

Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. Its product portfolio includes medicines and vaccines, as well as various consumer healthcare products.

TheStreet Ratings rates Pfizer 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, reasonable valuation levels, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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