Dow Today: International Business Machines (IBM) Leads The Day Higher, Chevron (CVX) Lags
The Dow component leading the way higher looks to be International Business Machines (NYSE:IBM), which is sporting a 70-cent gain (+0.4%) bringing the stock to $188.17. Holding back the Dow today is Chevron (NYSE:CVX), which is lagging the broader Dow index with a $1.02 decline (-0.8%) bringing the stock to $126.69.
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 10.0 points at 16,559 as of Tuesday, Aug 12, 2014, 9:36 a.m. ET. During this time, 10.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 306.4 million. The NYSE advances/declines ratio sits at 1,396 issues advancing vs. 1,262 declining with 284 unchanged.
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The Dow component leading the way higher looks to be International Business Machines (NYSE: IBM), which is sporting a 70-cent gain (+0.4%) bringing the stock to $188.17. Volume for International Business Machines currently sits at 118,768 shares traded vs. an average daily trading volume of 3.9 million shares. International Business Machines has a market cap of $186.18 billion and is part of the technology sector and computer software & services industry. Shares are down 0.1% year-to-date as of Monday's close. The stock's dividend yield sits at 2.4%. International Business Machines Corporation provides information technology (IT) products and services worldwide. TheStreet Ratings rates International Business Machines 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, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.