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 110.0 points (-0.8%) at 13,473. During the day, 605.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 580.7 million. The NYSE advances/declines ratio closed at 692 issues advancing vs. 2,333 declining with 101 unchanged.
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The Dow component that led the way higher today was
Boeing (NYSE:
BA), which sported a seven-cent gain to $70.64. Volume for Boeing ended the day at 3.9 million shares traded vs. an average daily trading volume of 4.4 million shares.
Boeing has a market cap of $53.29 billion and is part of the
industrial goods sector and
aerospace/defense industry. Shares are down 3.8% year to date as of Monday'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 12.3, 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.
Holding the Dow back today was
International Business Machines (NYSE:
IBM), which lagged the broader Dow index with a $1.83 decline (-0.9%) bringing the stock to $207.99. This single loss lowered the Dow Jones Industrial Average by 13.85 points or roughly accounting for 12.6% of the Dow's overall loss. Volume for International Business Machines ended the day at 3.5 million shares traded vs. an average daily trading volume of 3.7 million shares.
International Business Machines has a market cap of $240.66 billion and is part of the
technology sector and
computer hardware industry. Shares are up 14.1% year to date as of Monday's close. The stock's dividend yield sits at 1.6%.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 15.4, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates International Business Machines as a
buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
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