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 up 73 points (+0.4%) at 17,049 as of Thursday, Jul 3, 2014, 10:36 a.m. ET. During this time, 63.1 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 1,536 issues advancing vs. 1,411 declining with 141 unchanged.
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The Dow component leading the way higher looks to be Caterpillar (NYSE: CAT), which is sporting a $1.01 gain (+0.9%) bringing the stock to $110.57. This single gain is lifting the Dow Jones Industrial Average by 7.64 points or roughly accounting for 10.5% of the Dow's overall gain. Volume for Caterpillar currently sits at 1.2 million shares traded vs. an average daily trading volume of four million shares.

Caterpillar has a market cap of $68.29 billion and is part of the industrial goods sector and industrial industry. Shares are up 20.6% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.6%.

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.

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