Dow Jones (DJIA) Today: International Business Machines (IBM) Leads The Day Higher, Verizon Communications (VZ) 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..

The Dow Jones Industrial Average ( ^DJI) closed up 184 points (+1%) at 18,024. During the day, 314.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375.5 million. The NYSE advances/declines ratio closed at 1,869 issues advancing vs. 1,206 declining with 123 unchanged.
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The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $2.38 gain (+1.4%) bringing the stock to $173.67. This single gain lifted the Dow Jones Industrial Average by 18.01 points or roughly accounting for 9.8% of the Dow's overall gain. Volume for International Business Machines ended the day at 3.3 million shares traded vs. an average daily trading volume of 4.4 million shares.

International Business Machines has a market cap of $171.74 billion and is part of the technology sector and computer software & services industry. Shares are up 8.7% year-to-date as of Thursday's close. The stock's dividend yield sits at 3%.

International Business Machines Corporation provides information technology (IT) products and services worldwide.

TheStreet Ratings rates International Business Machines as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk.

Holding the Dow back today was Verizon Communications (NYSE: VZ), which lagged the broader Dow index with a three-cent decline to $50.41. Volume for Verizon Communications ended the day at 13.7 million shares traded vs. an average daily trading volume of 16.1 million shares.

Verizon Communications has a market cap of $205.84 billion and is part of the technology sector and telecommunications industry. Shares are up 7.9% year-to-date as of Thursday's close. The stock's dividend yield sits at 4.4%.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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