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Dow Today: Verizon Communications (VZ) Leads The Day Higher, Boeing (BA) Lags

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) closed down 90.0 points (-0.6%) at 14,421. During the day, 561.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 607.4 million. The NYSE advances/declines ratio closed at 1,049 issues advancing vs. 1,945 declining with 111 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 that led the way higher today was Verizon Communications (NYSE: VZ), which sported a 20-cent gain (+0.4%) bringing the stock to $48.80. Volume for Verizon Communications ended the day at 12.2 million shares traded vs. an average daily trading volume of 13.6 million shares.

Verizon Communications has a market cap of $139.34 billion and is part of the technology sector and telecommunications industry. Shares are up 13.1% year to date as of Wednesday's close. The stock's dividend yield sits at 4.2%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company has a P/E ratio of 157.3, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Verizon Communications as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

Holding the Dow back today was Boeing (NYSE: BA), which lagged the broader Dow index with a $1.04 decline (-1.2%) bringing the stock to $84.33. This single loss is lowering the Dow Jones Industrial Average by 7.87 points or roughly accounting for 8.7% of the Dow's overall loss. Volume for Boeing ended the day at 3.6 million shares traded vs. an average daily trading volume of 6.7 million shares.

Boeing has a market cap of $64.51 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 13.5% year to date as of Wednesday's close. The stock's dividend yield sits at 2.3%.

The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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DOW 16,375.14 -5.27 -0.03%
S&P 500 1,896.04 +9.28 0.49%
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