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 68 points (+0.4%) at 17,044 as of Thursday, Jul 3, 2014, 9:36 a.m. ET. During this time, 18.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 324 million. The NYSE advances/declines ratio sits at 1,637 issues advancing vs. 1,106 declining with 220 unchanged.
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The Dow component leading the way higher looks to be Intel (Nasdaq: INTC), which is sporting a 34-cent gain (+1.1%) bringing the stock to $31.32. This single gain is lifting the Dow Jones Industrial Average by 2.57 points or roughly accounting for 3.8% of the Dow's overall gain. Volume for Intel currently sits at 2.9 million shares traded vs. an average daily trading volume of 31.4 million shares. Intel has a market cap of $154.22 billion and is part of the technology sector and electronics industry. Shares are up 19.4% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.9%. Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. TheStreet Ratings rates Intel 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, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Holding back the Dow today is Nike (NYSE: NKE), which is lagging the broader Dow index with a 27-cent decline (-0.3%) bringing the stock to $77.52. Volume for Nike currently sits at 301,046 shares traded vs. an average daily trading volume of 3.5 million shares.
Nike has a market cap of $54.65 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 1.1% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.2%. NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories, as well as in the provision of services to men, women, and kids worldwide. TheStreet Ratings rates Nike 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, notable return on equity, reasonable valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.