Dow Today: General Electric (GE) 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 42 points (+0.2%) at 16,966 as of Monday, Jun 9, 2014, 11:36 a.m. ET. During this time, 86.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 352.2 million. The NYSE advances/declines ratio sits at 1,962 issues advancing vs. 945 declining with 171 unchanged.
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The Dow component leading the way higher looks to be General Electric (NYSE: GE), which is sporting a 28-cent gain (+1%) bringing the stock to $27.46. This single gain is lifting the Dow Jones Industrial Average by 2.12 points or roughly accounting for 5% of the Dow's overall gain. Volume for General Electric currently sits at 10.5 million shares traded vs. an average daily trading volume of 27.4 million shares.

General Electric has a market cap of $268.44 billion and is part of the industrial goods sector and industrial industry. Shares are down 3% year-to-date as of Friday's close. The stock's dividend yield sits at 3.3%.

General Electric Company operates as an infrastructure and financial services company worldwide.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year 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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