Dow Today: Pfizer (PFE) 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 67 points (+0.4%) at 16,435 as of Friday, Aug 8, 2014, 12:36 p.m. ET. During this time, 123.5 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 1,992 issues advancing vs. 961 declining with 169 unchanged.
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The Dow component leading the way higher looks to be Pfizer (NYSE: PFE), which is sporting a 10-cent gain (+0.4%) bringing the stock to $28.14. This single gain is lifting the Dow Jones Industrial Average by 0.76 points or roughly accounting for 1.1% of the Dow's overall gain. Volume for Pfizer currently sits at 14.9 million shares traded vs. an average daily trading volume of 24.4 million shares.

Pfizer has a market cap of $180.39 billion and is part of the health care sector and drugs industry. Shares are down 8.5% year-to-date as of Thursday's close. The stock's dividend yield sits at 3.7%.

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. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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