Dow Today: United Technologies (UTX) Leads The Day Higher, Intel (INTC) Lags
The Dow component leading the way higher looks to be United Technologies (NYSE:UTX), which is sporting a $1.09 gain (+1%) bringing the stock to $106.72. Holding back the Dow today is Intel (Nasdaq:INTC), which is lagging the broader Dow index with a seven-cent decline (-0.2%) bringing the stock to $34.10.
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 121 points (+0.7%) at 16,783 as of Monday, Aug 18, 2014, 9:36 a.m. ET. During this time, 12.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.3 million. The NYSE advances/declines ratio sits at 2,261 issues advancing vs. 540 declining with 210 unchanged.
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The Dow component leading the way higher looks to be United Technologies (NYSE: UTX), which is sporting a $1.09 gain (+1%) bringing the stock to $106.72. This single gain is lifting the Dow Jones Industrial Average by 8.25 points or roughly accounting for 6.8% of the Dow's overall gain. Volume for United Technologies currently sits at 160,037 shares traded vs. an average daily trading volume of 3.8 million shares. United Technologies has a market cap of $96.76 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 7.2% year-to-date as of Friday's close. The stock's dividend yield sits at 2.2%. United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures 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.