Dow Today: Procter & Gamble (PG) Leads The Day Higher, Chevron (CVX) Lags
The Dow component that led the way higher today was Procter & Gamble (NYSE:PG), which sported a 19-cent gain (+0.2%) bringing the stock to $79.41. Holding the Dow back today was Chevron (NYSE:CVX), which lagged the broader Dow index with a $3.21 decline (-2.5%) bringing the stock to $124.96.
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) closed down 140.0 points (-0.8%) at 16,429. During the day, 326 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 305.9 million. The NYSE advances/declines ratio closed at 860 issues advancing vs. 2,199 declining with 132 unchanged.
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The Dow component that led the way higher today was Procter & Gamble (NYSE: PG), which sported a 19-cent gain (+0.2%) bringing the stock to $79.41. Volume for Procter & Gamble ended the day at 7.9 million shares traded vs. an average daily trading volume of 7.3 million shares. Procter & Gamble has a market cap of $215.53 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 2.7% year-to-date as of Monday's close. The stock's dividend yield sits at 3.2%. The Procter & Gamble Company, together with its subsidiaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty, Grooming, Health Care, Fabric Care and Home Care, and Baby Care and Family Care. TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.