Dow Today: Visa (V) Leads The Day Higher, Chevron (CVX) Lags
The Dow component that led the way higher today was Visa (NYSE:V), which sported a $2.21 gain (+1%) bringing the stock to $214.73. Holding the Dow back today was Chevron (NYSE:CVX), which lagged the broader Dow index with a $1.91 decline (-1.5%) bringing the stock to $127.54.
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 down 31.0 points (-0.2%) at 17,067. During the day, 257.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 295 million. The NYSE advances/declines ratio closed at 1,485 issues advancing vs. 1,589 declining with 141 unchanged.
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The Dow component that led the way higher today was Visa (NYSE: V), which sported a $2.21 gain (+1%) bringing the stock to $214.73. Volume for Visa ended the day at two million shares traded vs. an average daily trading volume of 2.4 million shares. Visa has a market cap of $105.15 billion and is part of the financial sector and financial services industry. Shares are down 4.6% year-to-date as of Monday's close. The stock's dividend yield sits at 0.8%. Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.