Dow Today: Caterpillar (CAT) 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 down 13.0 points at 16,930 as of Tuesday, Jun 10, 2014, 1:35 p.m. ET. During this time, 147.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 351 million. The NYSE advances/declines ratio sits at 968 issues advancing vs. 2,021 declining with 151 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be Caterpillar (NYSE: CAT), which is sporting a 50-cent gain (+0.5%) bringing the stock to $109.25. Volume for Caterpillar currently sits at 2.9 million shares traded vs. an average daily trading volume of 4.9 million shares.

Caterpillar has a market cap of $67.67 billion and is part of the industrial goods sector and industrial industry. Shares are up 19.8% year-to-date as of Monday's close. The stock's dividend yield sits at 2.2%.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
null

If you liked this article you might like

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

Caterpillar Reports 11% Jump in Global Machine Retail Sales in August

FedEx Makes A Comeback: Cramer's Top Takeaways

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)