Dow Jones (DJIA) Today: Procter & Gamble (PG) 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 84 points (+0.5%) at 17,139 as of Wednesday, Sep 24, 2014, 12:36 p.m. ET. During this time, 125.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 298.5 million. The NYSE advances/declines ratio sits at 1,536 issues advancing vs. 1,417 declining with 186 unchanged.
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The Dow component leading the way higher looks to be Procter & Gamble (NYSE: PG), which is sporting an 83-cent gain (+1%) bringing the stock to $85.27. This single gain is lifting the Dow Jones Industrial Average by 6.28 points or roughly accounting for 7.5% of the Dow's overall gain. Volume for Procter & Gamble currently sits at 6.1 million shares traded vs. an average daily trading volume of 7.3 million shares.

Procter & Gamble has a market cap of $229.58 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 3.7% year-to-date as of Tuesday's close. The stock's dividend yield sits at 3%.

The Procter & Gamble Company, together with its subsidiaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.

TheStreet Ratings rates Procter & Gamble 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, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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