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 89.0 points (-0.7%) at 12,878. During the day, 571.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 613.7 million. The NYSE advances/declines ratio closed at 1,338 issues advancing vs. 1,685 declining with 116 unchanged.
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The Dow component that led the way higher today was
Boeing (NYSE:
BA), which sported a 23-cent gain (+0.3%) bringing the stock to $74.50. Volume for Boeing ended the day at 5.2 million shares traded vs. an average daily trading volume of 4.8 million shares.
Boeing has a market cap of $55.61 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 1.3% 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 13, 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.
Holding the Dow back today was
International Business Machines (NYSE:
IBM), which lagged the broader Dow index with a $1.66 decline (-0.9%) bringing the stock to $191.22. This single loss lowered the Dow Jones Industrial Average by 12.56 points or roughly accounting for 14.1% of the Dow's overall loss. Volume for International Business Machines ended the day at three million shares traded vs. an average daily trading volume of 4.1 million shares.
International Business Machines has a market cap of $218.63 billion and is part of the technology sector and computer hardware industry. Shares are up 4.9% year to date as of Monday's close. The stock's dividend yield sits at 1.8%.
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 14, 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 notable return on equity, growth in earnings per share, expanding profit margins and increase in stock price during the past year. 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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