Dow Today: Home Depot (HD) 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 68 points (+0.4%) at 17,047 as of Thursday, Aug 21, 2014, 12:36 p.m. ET. During this time, 120.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 302.5 million. The NYSE advances/declines ratio sits at 1,747 issues advancing vs. 1,215 declining with 171 unchanged.
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The Dow component leading the way higher looks to be Home Depot (NYSE: HD), which is sporting a nine-cent gain to $90.84. This single gain is lifting the Dow Jones Industrial Average by 0.68 points or roughly accounting for 1% of the Dow's overall gain. Volume for Home Depot currently sits at 4.6 million shares traded vs. an average daily trading volume of six million shares.

Home Depot has a market cap of $120.66 billion and is part of the services sector and retail industry. Shares are up 10.2% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.1%.

The Home Depot, Inc. operates as a home improvement retailer.

TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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