Dow Jones (DJIA) Today: 3M (MMM) 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 up 17 points at 17,383. During the day, 301 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 325.6 million. The NYSE advances/declines ratio closed at 1,246 issues advancing vs. 1,845 declining with 129 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component that led the way higher today was 3M (NYSE: MMM), which sported a $1.75 gain (+1.1%) bringing the stock to $155.05. This single gain is lifting the Dow Jones Industrial Average by 13.24 points or roughly accounting for 77.9% of the Dow's overall gain. Volume for 3M ended the day at 3.1 million shares traded vs. an average daily trading volume of 2.7 million shares.

3M has a market cap of $98.54 billion and is part of the industrial goods sector and industrial industry. Shares are up 9.3% year-to-date as of Monday's close. The stock's dividend yield sits at 2.2%.

3M Company operates as a diversified technology company worldwide.

TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Holding the Dow back today was International Business Machines (NYSE: IBM), which lagged the broader Dow index with a $1.71 decline (-1%) bringing the stock to $162.65. Volume for International Business Machines ended the day at 4.2 million shares traded vs. an average daily trading volume of four million shares.

International Business Machines has a market cap of $162.7 billion and is part of the technology sector and computer software & services industry. Shares are down 12.4% year-to-date as of Monday's close. The stock's dividend yield sits at 2.7%.

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 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 sub par growth in net income.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

null

More from Markets

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

German Automakers Slump After Trump Tweets New Tariff Threat

German Automakers Slump After Trump Tweets New Tariff Threat

Chipotle Rises After Wedbush Lifts Price Target

Chipotle Rises After Wedbush Lifts Price Target

Crude Rises on OPEC Deal That Doesn't Specify Output Boost

Crude Rises on OPEC Deal That Doesn't Specify Output Boost

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s