Dow Jones (DJIA) Today: Visa (V) Leads The Day Higher

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The Dow Jones Industrial Average ( ^DJI) closed up 267 points (+1.5%) at 18,191. During the day, 332.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 370 million. The NYSE advances/declines ratio closed at 2,493 issues advancing vs. 604 declining with 106 unchanged.
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The Dow component that led the way higher today was Visa (NYSE: V), which sported a $2.89 gain (+4.3%) bringing the stock to $69.47. This single gain lifted the Dow Jones Industrial Average by 21.87 points or roughly accounting for 8.2% of the Dow's overall gain. Volume for Visa ended the day at 18.1 million shares traded vs. an average daily trading volume of 9.5 million shares.

Visa has a market cap of $128.54 billion and is part of the financial sector and financial services industry. Shares are up 0.2% year-to-date as of Thursday's close. The stock's dividend yield sits at 0.7%.

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 and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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