Dow Today: Wal-Mart Stores (WMT) Leads The Day Higher, Chevron (CVX) Lags
The Dow component leading the way higher looks to be Wal-Mart Stores (NYSE:WMT), which is sporting a 49-cent gain (+0.7%) bringing the stock to $76.04. 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 $126.91.
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 18.0 points (-0.1%) at 17,021 as of Friday, Aug 22, 2014, 9:36 a.m. ET. During this time, 11.8 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 802 issues advancing vs. 1,851 declining with 249 unchanged.
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The Dow component leading the way higher looks to be Wal-Mart Stores (NYSE: WMT), which is sporting a 49-cent gain (+0.7%) bringing the stock to $76.04. Volume for Wal-Mart Stores currently sits at 280,041 shares traded vs. an average daily trading volume of 5.8 million shares. Wal-Mart Stores has a market cap of $241.64 billion and is part of the services sector and retail industry. Shares are down 4% year-to-date as of Thursday's close. The stock's dividend yield sits at 2.6%. Wal-Mart Stores Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. TheStreet Ratings rates Wal-Mart Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.