Dow Today: Boeing (BA) Lower

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 up 35 points (+0.3%) at 12,850 as of Tuesday, Nov 13, 2012, 12:35 p.m. ET. During this time, 347.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 589.5 million. The NYSE advances/declines ratio sits at 1,236 issues advancing vs. 1,704 declining with 120 unchanged.
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Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader Dow index with an eight-cent decline (-0.1%) bringing the stock to $73.61. Volume for Boeing currently sits at three million shares traded vs. an average daily trading volume of 4.7 million shares.

Boeing has a market cap of $55.24 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 0.5% year to date as of Monday's close. The stock's dividend yield sits at 2.4%.

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 12.9, 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, increase in stock price during the past year 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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