Dow Today: International Business Machines (IBM) Leads The Day Higher, Nike (NKE) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 99 points (+0.6%) at 16,836. During the day, 268.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 355.2 million. The NYSE advances/declines ratio closed at 2,396 issues advancing vs. 665 declining with 114 unchanged.
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The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $1.47 gain (+0.8%) bringing the stock to $185.98. This single gain is lifting the Dow Jones Industrial Average by 11.13 points or roughly accounting for 11.2% of the Dow's overall gain. Volume for International Business Machines ended the day at 2.8 million shares traded vs. an average daily trading volume of 4.9 million shares.

International Business Machines has a market cap of $186.62 billion and is part of the technology sector and computer software & services industry. Shares are down 1.6% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.4%.

International Business Machines Corporation provides information technology (IT) products and services worldwide.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Holding the Dow back today was Nike (NYSE: NKE), which lagged the broader Dow index with a 26-cent decline (-0.3%) bringing the stock to $75.87. Volume for Nike ended the day at 3.7 million shares traded vs. an average daily trading volume of 3.6 million shares.

Nike has a market cap of $52.93 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 3.2% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.3%.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories, as well as in the provision of services to men, women, and kids worldwide.

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

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