Dow Today: Microsoft (MSFT) 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 76 points (+0.4%) at 17,136 as of Wednesday, Jul 16, 2014, 1:36 p.m. ET. During this time, 274 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 299.9 million. The NYSE advances/declines ratio sits at 1,705 issues advancing vs. 1,275 declining with 182 unchanged.
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The Dow component leading the way higher looks to be Microsoft (Nasdaq: MSFT), which is sporting a $1.51 gain (+3.6%) bringing the stock to $43.96. This single gain is lifting the Dow Jones Industrial Average by 11.43 points or roughly accounting for 15% of the Dow's overall gain. Volume for Microsoft currently sits at 32.8 million shares traded vs. an average daily trading volume of 27.5 million shares.

Microsoft has a market cap of $348.09 billion and is part of the technology sector and computer software & services industry. Shares are up 13.5% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.7%.

Microsoft Corporation develops, licenses, and supports software, services, and hardware devices. Its Windows division offers Windows operating system; Windows Services suite of applications and Web services, including Outlook.com and SkyDrive; Surface RT and Pro devices; and PC accessories.

TheStreet Ratings rates Microsoft as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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