Dow Today: Chevron (CVX) Leads The Day Higher, Home Depot (HD) Lags

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 70 points (+0.4%) at 17,137 as of Wednesday, Sep 3, 2014, 9:36 a.m. ET. During this time, 18.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 295 million. The NYSE advances/declines ratio sits at 1,916 issues advancing vs. 817 declining with 253 unchanged.
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The Dow component leading the way higher looks to be Chevron (NYSE: CVX), which is sporting a $1.13 gain (+0.9%) bringing the stock to $128.67. This single gain is lifting the Dow Jones Industrial Average by 8.55 points or roughly accounting for 12.2% of the Dow's overall gain. Volume for Chevron currently sits at 188,542 shares traded vs. an average daily trading volume of 5.1 million shares.

Chevron has a market cap of $245.82 billion and is part of the basic materials sector and energy industry. Shares are up 2.1% year-to-date as of Tuesday's close. The stock's dividend yield sits at 3.3%.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader Dow index with a 61-cent decline (-0.7%) bringing the stock to $90.54. Volume for Home Depot currently sits at 1.2 million shares traded vs. an average daily trading volume of 6.3 million shares.

Home Depot has a market cap of $125.84 billion and is part of the services sector and retail industry. Shares are up 10.7% year-to-date as of Tuesday'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.

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