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 78.0 points (-0.4%) at 18,066 as of Wednesday, Jun 24, 2015, 9:36 a.m. ET. During this time, 12.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 341.5 million. The NYSE advances/declines ratio sits at 1,215 issues advancing vs. 1,414 declining with 330 unchanged.
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The Dow component leading the way higher looks to be
Home Depot (NYSE:
HD), which is sporting a 15-cent gain (+0.1%) bringing the stock to $113.33. Volume for Home Depot currently sits at 129,833 shares traded vs. an average daily trading volume of 4.8 million shares.
Home Depot has a market cap of $146.88 billion and is part of the services sector and retail industry. Shares are up 7.8% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.1%.
The Home Depot, Inc. operates as a home improvement retailer.
TheStreet Ratings rates Home Depot as a
buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth 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.
