Dow Today: Home Depot (HD) Leads The Day Higher, McDonald's (MCD) Lags
The Dow component that led the way higher today was Home Depot (NYSE:HD), which sported a 99-cent gain (+1.1%) bringing the stock to $93.50. Holding the Dow back today was McDonald's (NYSE:MCD), which lagged the broader Dow index with a 42-cent decline (-0.5%) bringing the stock to $93.72.
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 up 19 points (+0.1%) at 17,098. During the day, 229.2 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 closed at 2,137 issues advancing vs. 890 declining with 157 unchanged.
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The Dow component that led the way higher today was Home Depot (NYSE: HD), which sported a 99-cent gain (+1.1%) bringing the stock to $93.50. This single gain lifted the Dow Jones Industrial Average by 7.49 points or roughly accounting for 39.4% of the Dow's overall gain. Volume for Home Depot ended the day at 7.5 million shares traded vs. an average daily trading volume of 6.3 million shares. Home Depot has a market cap of $125.64 billion and is part of the services sector and retail industry. Shares are up 12.3% year-to-date as of Thursday's close. The stock's dividend yield sits at 2%. 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, solid stock price performance 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.