Dow Today: Intel (INTC) Leads The Day Higher, Visa (V) Lags
The Dow component that led the way higher today was Intel (Nasdaq:INTC), which sported a 23-cent gain (+0.7%) bringing the stock to $34.17. Holding the Dow back today was Visa (NYSE:V), which lagged the broader Dow index with a $2.33 decline (-1.1%) bringing the stock to $210.19.
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) closed down 51.0 points (-0.3%) at 16,662. During the day, 326.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.6 million. The NYSE advances/declines ratio closed at 1,471 issues advancing vs. 1,542 declining with 172 unchanged.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
The Dow component that led the way higher today was Intel (Nasdaq: INTC), which sported a 23-cent gain (+0.7%) bringing the stock to $34.17. Volume for Intel ended the day at 28 million shares traded vs. an average daily trading volume of 34.5 million shares. Intel has a market cap of $168.83 billion and is part of the technology sector and electronics industry. Shares are up 31.4% year-to-date as of Thursday's close. The stock's dividend yield sits at 2.6%. Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.