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 184 points (+1%) at 18,244 as of Thursday, May 14, 2015, 1:36 p.m. ET. During this time, 171.4 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 2,382 issues advancing vs. 662 declining with 124 unchanged.
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The Dow component leading the way higher looks to be
AT&T (NYSE:
T), which is sporting a 20-cent gain (+0.6%) bringing the stock to $34.10. This single gain is lifting the Dow Jones Industrial Average by 1.51 points or roughly accounting for 0.8% of the Dow's overall gain. Volume for AT&T currently sits at 13.6 million shares traded vs. an average daily trading volume of 26.6 million shares.
AT&T has a market cap of $174.8 billion and is part of the technology sector and telecommunications industry. Shares are up 0.2% year-to-date as of Wednesday's close. The stock's dividend yield sits at 5.6%.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline.
TheStreet Ratings rates AT&T as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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