Dow Jones (DJIA) Today: Home Depot (HD) 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..

The Dow Jones Industrial Average ( ^DJI) is trading up 249 points (+1.4%) at 18,173 as of Friday, May 8, 2015, 9:36 a.m. ET. During this time, 18.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 370 million. The NYSE advances/declines ratio sits at 2,346 issues advancing vs. 447 declining with 139 unchanged.
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The Dow component leading the way higher looks to be Home Depot (NYSE: HD), which is sporting a $3.02 gain (+2.7%) bringing the stock to $113.06. This single gain is lifting the Dow Jones Industrial Average by 22.86 points or roughly accounting for 9.2% of the Dow's overall gain. Volume for Home Depot currently sits at 557,557 shares traded vs. an average daily trading volume of five million shares.

Home Depot has a market cap of $140.63 billion and is part of the services sector and retail industry. Shares are up 3.2% year-to-date as of Thursday's close. The stock's dividend yield sits at 2.2%.

The Home Depot, Inc. operates as a home improvement retailer.

TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth 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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