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Dow Today: Boeing (BA) 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 or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 157 points (+0.9%) at 16,983 as of Tuesday, Jul 1, 2014, 1:36 p.m. ET. During this time, 169.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 327.1 million. The NYSE advances/declines ratio sits at 2,189 issues advancing vs. 849 declining with 140 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 Boeing (NYSE: BA), which is sporting a 98-cent gain (+0.8%) bringing the stock to $128.21. This single gain is lifting the Dow Jones Industrial Average by 7.42 points or roughly accounting for 4.7% of the Dow's overall gain. Volume for Boeing currently sits at 2.3 million shares traded vs. an average daily trading volume of 3.4 million shares.

Boeing has a market cap of $93.73 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 6.8% year-to-date as of Monday's close. The stock's dividend yield sits at 2.3%.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.

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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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