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 down 56.0 points (-0.3%) at 18,059 as of Friday, Jun 19, 2015, 12:36 p.m. ET. During this time, 205.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 341.8 million. The NYSE advances/declines ratio sits at 1,336 issues advancing vs. 1,624 declining with 175 unchanged.
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Holding back the Dow today is 3M (NYSE: MMM), which is lagging the broader Dow index with a 39-cent decline (-0.2%) bringing the stock to $159.23. This single loss is lowering the Dow Jones Industrial Average by 2.95 points or roughly accounting for 5.3% of the Dow's overall loss. Volume for 3M currently sits at 1.8 million shares traded vs. an average daily trading volume of 2.2 million shares. 3M has a market cap of $99.56 billion and is part of the industrial goods sector and industrial industry. Shares are down 4.5% year-to-date as of Thursday'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.