Dow Jones (DJIA) Today: International Business Machines (IBM) 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 106 points (+0.6%) at 17,897 as of Tuesday, Jun 16, 2015, 1:36 p.m. ET. During this time, 146.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 351.5 million. The NYSE advances/declines ratio sits at 1,833 issues advancing vs. 1,173 declining with 163 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be International Business Machines (NYSE: IBM), which is sporting a 33-cent gain (+0.2%) bringing the stock to $166.59. This single gain is lifting the Dow Jones Industrial Average by 2.5 points or roughly accounting for 2.4% of the Dow's overall gain. Volume for International Business Machines currently sits at two million shares traded vs. an average daily trading volume of 3.8 million shares.

International Business Machines has a market cap of $164.44 billion and is part of the technology sector and computer software & services industry. Shares are up 3.6% year-to-date as of Monday's close. The stock's dividend yield sits at 3.1%.

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.

If you liked this article you might like

Five-Day Winning Streak in Stocks Expected to Continue

Five-Day Winning Streak in Stocks Expected to Continue

Bitcoin Today: Prices Burst Through $10,000 as Traders Mitigate Stark Warnings

Bitcoin Today: Prices Burst Through $10,000 as Traders Mitigate Stark Warnings

Apple Stock Is Being Bought by Warren Buffett; Should You Buy It?

Apple Stock Is Being Bought by Warren Buffett; Should You Buy It?

Apple Could Get to Zero Net Cash This Way, Says UBS

Apple Could Get to Zero Net Cash This Way, Says UBS

Why You Cannot Rule Out a Much Deeper Stock Market Correction

Why You Cannot Rule Out a Much Deeper Stock Market Correction