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 seven points at 16,963 as of Wednesday, Jul 2, 2014, 12:36 p.m. ET. During this time, 118.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 324.3 million. The NYSE advances/declines ratio sits at 1,180 issues advancing vs. 1,847 declining with 143 unchanged.
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Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a $1.13 decline (-1%) bringing the stock to $114.80. Volume for United Technologies currently sits at two million shares traded vs. an average daily trading volume of three million shares. United Technologies has a market cap of $105.84 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 1.9% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2%. United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.