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 48 points (+0.3%) at 16,477 as of Wednesday, Aug 6, 2014, 11:36 a.m. ET. During this time, 143.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 305.3 million. The NYSE advances/declines ratio sits at 1,926 issues advancing vs. 1,007 declining with 165 unchanged.
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Holding back the Dow today is AT&T (NYSE: T), which is lagging the broader Dow index with a 55-cent decline (-1.6%) bringing the stock to $34.56. Volume for AT&T currently sits at 17.8 million shares traded vs. an average daily trading volume of 22.9 million shares. AT&T has a market cap of $183.9 billion and is part of the technology sector and telecommunications industry. Shares are up 0.8% year-to-date as of Tuesday's close. The stock's dividend yield sits at 5.2%. AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.