Dow Today: Visa (V) Leads The Day Higher, Chevron (CVX) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 62 points (+0.4%) at 16,713. During the day, 273 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 302.3 million. The NYSE advances/declines ratio closed at 2,058 issues advancing vs. 981 declining with 154 unchanged.
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The Dow component that led the way higher today was Visa (NYSE: V), which sported a $1.09 gain (+0.5%) bringing the stock to $212.52. This single gain is lifting the Dow Jones Industrial Average by 8.25 points or roughly accounting for 13.3% of the Dow's overall gain. Volume for Visa ended the day at 1.3 million shares traded vs. an average daily trading volume of 2.4 million shares.

Visa has a market cap of $104.05 billion and is part of the financial sector and financial services industry. Shares are down 5% year-to-date as of Wednesday's close. The stock's dividend yield sits at 0.8%.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Holding the Dow back today was Chevron (NYSE: CVX), which lagged the broader Dow index with a 64-cent decline (-0.5%) bringing the stock to $126.96. Volume for Chevron ended the day at 4.5 million shares traded vs. an average daily trading volume of 5.3 million shares.

Chevron has a market cap of $241.34 billion and is part of the basic materials sector and energy industry. Shares are up 2.1% year-to-date as of Wednesday's close. The stock's dividend yield sits at 3.4%.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

TheStreet Ratings rates Chevron 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, 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 somewhat disappointing return on equity.

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