Dow Jones (DJIA) Today: Visa (V) Leads The Day 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) closed up 422 points (+2.4%) at 17,778. During the day, 455.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 346.8 million. The NYSE advances/declines ratio closed at 2,545 issues advancing vs. 585 declining with 105 unchanged.
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The Dow component that led the way higher today was Visa (NYSE: V), which sported a $5.67 gain (+2.2%) bringing the stock to $259.08. This single gain lifted the Dow Jones Industrial Average by 42.91 points or roughly accounting for 10.2% of the Dow's overall gain. Volume for Visa ended the day at 2.4 million shares traded vs. an average daily trading volume of three million shares.

Visa has a market cap of $126.68 billion and is part of the financial sector and financial services industry. Shares are up 13.8% year-to-date as of Tuesday'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. The company has a P/E ratio of 29.8, above the S&P 500 P/E ratio of 25.

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.

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