Dow Today: Home Depot (HD) Leads The Day Higher, General Electric (GE) Lags

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 34 points (+0.2%) at 16,402 as of Friday, Aug 8, 2014, 9:36 a.m. ET. During this time, 13.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 306.5 million. The NYSE advances/declines ratio sits at 1,417 issues advancing vs. 1,247 declining with 248 unchanged.
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The Dow component leading the way higher looks to be Home Depot (NYSE: HD), which is sporting a 97-cent gain (+1.2%) bringing the stock to $81.44. This single gain is lifting the Dow Jones Industrial Average by 7.34 points or roughly accounting for 21.6% of the Dow's overall gain. Volume for Home Depot currently sits at 260,703 shares traded vs. an average daily trading volume of 6.1 million shares.

Home Depot has a market cap of $110.12 billion and is part of the services sector and retail industry. Shares are down 2.3% year-to-date as of Thursday's close. The stock's dividend yield sits at 2.3%.

The Home Depot, Inc. operates as a home improvement retailer.

TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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