Dow Jones (DJIA) Today: Nike (NKE) 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 121 points (+0.7%) at 18,253 as of Monday, Mar 2, 2015, 1:36 p.m. ET. During this time, 177.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 372.3 million. The NYSE advances/declines ratio sits at 1,721 issues advancing vs. 1,319 declining with 141 unchanged.
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The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a $1.36 gain (+1.4%) bringing the stock to $98.48. This single gain is lifting the Dow Jones Industrial Average by 10.29 points or roughly accounting for 8.5% of the Dow's overall gain. Volume for Nike currently sits at three million shares traded vs. an average daily trading volume of 3.6 million shares.
Nike has a market cap of $66.57 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 1% year-to-date as of Friday's close. The stock's dividend yield sits at 1.1%.
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide.
TheStreet Ratings rates Nike as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Nike Ratings Report.
.
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