Dow Jones (DJIA) Today: 3M (MMM) Leads The Day Higher, Visa (V) 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 288 points (+1.7%) at 17,356. During the day, 448.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 347.6 million. The NYSE advances/declines ratio closed at 2,790 issues advancing vs. 363 declining with 76 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 $2.20 gain (+1.4%) bringing the stock to $159.05. This single gain lifted the Dow Jones Industrial Average by 16.65 points or roughly accounting for 5.8% of the Dow's overall gain. Volume for 3M ended the day at 3.4 million shares traded vs. an average daily trading volume of 2.9 million shares.

3M has a market cap of $100.69 billion and is part of the industrial goods sector and industrial industry. Shares are up 11.8% 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, increase in net income and notable return on equity. 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 Visa (NYSE: V), which lagged the broader Dow index with a $3.29 decline (-1.3%) bringing the stock to $253.41. Volume for Visa ended the day at three million shares traded vs. an average daily trading volume of three million shares.

Visa has a market cap of $126.64 billion and is part of the financial sector and financial services industry. Shares are up 15.3% year-to-date as of Monday's close. The stock's dividend yield sits at 0.8%.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

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

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

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers