Dow Today: Goldman Sachs Group (GS) 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 65 points (+0.4%) at 16,901 as of Friday, Jun 6, 2014, 11:35 a.m. ET. During this time, 95.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 353.5 million. The NYSE advances/declines ratio sits at 2,306 issues advancing vs. 645 declining with 148 unchanged.
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The Dow component leading the way higher looks to be Goldman Sachs Group (NYSE: GS), which is sporting a $2.92 gain (+1.8%) bringing the stock to $165.50. This single gain is lifting the Dow Jones Industrial Average by 22.1 points or roughly accounting for 34% of the Dow's overall gain. Volume for Goldman Sachs Group currently sits at 1.5 million shares traded vs. an average daily trading volume of 3.1 million shares.

Goldman Sachs Group has a market cap of $72.62 billion and is part of the financial sector and financial services industry. Shares are down 8.3% year-to-date as of Thursday'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.

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, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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