Dow Today: Nike (NKE) Leads The Day Higher, International Business Machines (IBM) 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) closed down 9.0 points at 17,069. During the day, 261.1 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 1,021 issues advancing vs. 2,057 declining with 126 unchanged.
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The Dow component that led the way higher today was Nike (NYSE: NKE), which sported a $1.10 gain (+1.4%) bringing the stock to $79.92. Volume for Nike ended the day at three million shares traded vs. an average daily trading volume of 3.3 million shares.

Nike has a market cap of $54.76 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 0.2% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.2%.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide.

TheStreet Ratings rates Nike 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, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Holding the Dow back today was International Business Machines (NYSE: IBM), which lagged the broader Dow index with a $1.27 decline (-0.7%) bringing the stock to $190.68. This single loss is lowering the Dow Jones Industrial Average by 9.61 points or roughly accounting for 106.8% of the Dow's overall loss. Volume for International Business Machines ended the day at 2.9 million shares traded vs. an average daily trading volume of 3.6 million shares.

International Business Machines has a market cap of $191.1 billion and is part of the technology sector and computer software & services industry. Shares are up 2.3% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.3%.

International Business Machines Corporation provides information technology (IT) products and services worldwide.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, good cash flow from operations and expanding profit margins. 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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