Dow Jones (DJIA) Today: International Business Machines (IBM) Leads The Day Higher, Home Depot (HD) Lags
The Dow component that led the way higher today was International Business Machines (NYSE:IBM), which sported a $1.73 gain (+1%) bringing the stock to $172.28. Holding the Dow back today was Home Depot (NYSE:HD), which lagged the broader Dow index with a $1.33 decline (-1.2%) bringing the stock to $111.19.
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 down 8.0 points at 18,060. During the day, 340.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 366 million. The NYSE advances/declines ratio closed at 1,702 issues advancing vs. 1,380 declining with 111 unchanged.
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The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $1.73 gain (+1%) bringing the stock to $172.28. Volume for International Business Machines ended the day at 2.4 million shares traded vs. an average daily trading volume of 4.4 million shares. International Business Machines has a market cap of $168.51 billion and is part of the technology sector and computer software & services industry. Shares are up 6.7% year-to-date as of Tuesday'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 buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.