Dow Today: Visa (V) Lower

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 35.0 points (-0.2%) at 16,871 as of Thursday, Jun 19, 2014, 11:36 a.m. ET. During this time, 88.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 334 million. The NYSE advances/declines ratio sits at 1,684 issues advancing vs. 1,232 declining with 198 unchanged.
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Holding back the Dow today is Visa (NYSE: V), which is lagging the broader Dow index with a $3.14 decline (-1.5%) bringing the stock to $208.11. This single loss is lowering the Dow Jones Industrial Average by 23.76 points or roughly accounting for 67.9% of the Dow's overall loss. Volume for Visa currently sits at 1.6 million shares traded vs. an average daily trading volume of 3.2 million shares.

Visa has a market cap of $105.28 billion and is part of the financial sector and financial services industry. Shares are down 5.1% year-to-date as of Wednesday's close. The stock's dividend yield sits at 0.8%.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

TheStreet Ratings rates Visa 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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