Dow Today: Visa (V) 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 123 points (+0.7%) at 17,066 as of Monday, Jul 14, 2014, 12:36 p.m. ET. During this time, 114.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 308.3 million. The NYSE advances/declines ratio sits at 2,069 issues advancing vs. 930 declining with 155 unchanged.
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The Dow component leading the way higher looks to be Visa (NYSE: V), which is sporting a $4.36 gain (+2%) bringing the stock to $221.36. This single gain is lifting the Dow Jones Industrial Average by 33.0 points or roughly accounting for 26.8% of the Dow's overall gain. Volume for Visa currently sits at 1.5 million shares traded vs. an average daily trading volume of 2.8 million shares.

Visa has a market cap of $107.64 billion and is part of the financial sector and financial services industry. Shares are down 2.5% year-to-date as of Friday's close. The stock's dividend yield sits at 0.7%.

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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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