Dow Today: Merck (MRK) Higher

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 41 points (+0.2%) at 17,110 as of Friday, Sep 5, 2014, 12:36 p.m. ET. During this time, 106.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 297 million. The NYSE advances/declines ratio sits at 1,666 issues advancing vs. 1,285 declining with 190 unchanged.
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The Dow component leading the way higher looks to be Merck (NYSE: MRK), which is sporting an 80-cent gain (+1.3%) bringing the stock to $60.88. This single gain is lifting the Dow Jones Industrial Average by 6.05 points or roughly accounting for 14.8% of the Dow's overall gain. Volume for Merck currently sits at 4.8 million shares traded vs. an average daily trading volume of 8.1 million shares.

Merck has a market cap of $174.46 billion and is part of the health care sector and drugs industry. Shares are up 20% year-to-date as of Thursday's close. The stock's dividend yield sits at 2.9%.

Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products worldwide.

TheStreet Ratings rates Merck as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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