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) is trading down 5.0 points at 13,572 as of Thursday, Sep 20, 2012, 1:39 p.m. ET. During this time, 311 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 579.5 million. The NYSE advances/declines ratio sits at 1,034 issues advancing vs. 1,907 declining with 116 unchanged.
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Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader Dow index with a 23-cent decline (-0.3%) bringing the stock to $69.67. This single loss is lowering the Dow Jones Industrial Average by 1.74 points or roughly accounting for 34.8% of the Dow's overall loss. Volume for Boeing currently sits at 3.1 million shares traded vs. an average daily trading volume of 4.1 million shares. Boeing has a market cap of $52.96 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 4.7% year to date as of Wednesday's close. The stock's dividend yield sits at 2.5%. 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 12.2, equal to the average aerospace/defense industry P/E ratio and 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 robust revenue growth, notable return on equity, increase in stock price during the past year, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.