Dow Today: Intel (INTC) Leads The Day Higher, Procter & Gamble (PG) Lags
The Dow component leading the way higher looks to be Intel (Nasdaq:INTC), which is sporting a 20-cent gain (+0.6%) bringing the stock to $34.84. Holding back the Dow today is Procter & Gamble (NYSE:PG), which is lagging the broader Dow index with a 21-cent decline (-0.3%) bringing the stock to $82.82.
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 15.0 points at 17,064 as of Friday, Aug 29, 2014, 9:36 a.m. ET. During this time, 10.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 297.6 million. The NYSE advances/declines ratio sits at 1,636 issues advancing vs. 984 declining with 314 unchanged.
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The Dow component leading the way higher looks to be Intel (Nasdaq: INTC), which is sporting a 20-cent gain (+0.6%) bringing the stock to $34.84. Volume for Intel currently sits at 1.6 million shares traded vs. an average daily trading volume of 34.5 million shares. Intel has a market cap of $172.25 billion and is part of the technology sector and electronics industry. Shares are up 33.5% 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.