Dow Today: Pfizer (PFE) Lower

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 down 87.0 points (-0.5%) at 16,825 as of Wednesday, Jul 30, 2014, 11:36 a.m. ET. During this time, 123.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.1 million. The NYSE advances/declines ratio sits at 1,139 issues advancing vs. 1,814 declining with 176 unchanged.
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Holding back the Dow today is Pfizer (NYSE: PFE), which is lagging the broader Dow index with a 32-cent decline (-1.1%) bringing the stock to $29.14. This single loss is lowering the Dow Jones Industrial Average by 2.42 points or roughly accounting for 2.8% of the Dow's overall loss. Volume for Pfizer currently sits at 17.6 million shares traded vs. an average daily trading volume of 25.6 million shares.

Pfizer has a market cap of $192 billion and is part of the health care sector and drugs industry. Shares are down 2.9% year-to-date as of Tuesday's close. The stock's dividend yield sits at 3.5%.

Pfizer Inc. discovers, develops, manufactures, and sells healthcare products worldwide. It offers medicines and vaccines, and various consumer healthcare products.

TheStreet Ratings rates Pfizer 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, reasonable valuation levels, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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