Dow Jones (DJIA) Today: Verizon Communications (VZ) 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 16 points at 18,135 as of Tuesday, Jun 23, 2015, 1:36 p.m. ET. During this time, 178.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 344.4 million. The NYSE advances/declines ratio sits at 1,687 issues advancing vs. 1,309 declining with 178 unchanged.
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The Dow component leading the way higher looks to be Verizon Communications (NYSE: VZ), which is sporting a 28-cent gain (+0.6%) bringing the stock to $47.80. This single gain is lifting the Dow Jones Industrial Average by 2.12 points or roughly accounting for 13.3% of the Dow's overall gain. Volume for Verizon Communications currently sits at 9.1 million shares traded vs. an average daily trading volume of 15 million shares.

Verizon Communications has a market cap of $193.56 billion and is part of the technology sector and telecommunications industry. Shares are up 1.6% year-to-date as of Monday's close. The stock's dividend yield sits at 4.6%.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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