Dow Jones (DJIA) Today: 3M (MMM) 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 176 points (+1%) at 18,236 as of Thursday, May 14, 2015, 12:36 p.m. ET. During this time, 142.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 365.3 million. The NYSE advances/declines ratio sits at 2,373 issues advancing vs. 649 declining with 125 unchanged.
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The Dow component leading the way higher looks to be 3M (NYSE: MMM), which is sporting a $1.53 gain (+0.9%) bringing the stock to $162.84. This single gain is lifting the Dow Jones Industrial Average by 11.58 points or roughly accounting for 6.6% of the Dow's overall gain. Volume for 3M currently sits at 1.2 million shares traded vs. an average daily trading volume of 2.2 million shares.

3M has a market cap of $101.54 billion and is part of the industrial goods sector and industrial industry. Shares are down 2.6% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.6%.

3M Company operates as a diversified technology company worldwide.

TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

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