Dow Today: Boeing (BA) Leads The Day Higher, Hewlett-Packard (HPQ) Lags

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 33 points (+0.2%) at 14,329 as of Thursday, Mar 7, 2013, 9:35 a.m. ET. During this time, 26 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 620.2 million. The NYSE advances/declines ratio sits at 1,410 issues advancing vs. 987 declining with 207 unchanged.
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The Dow component leading the way higher looks to be Boeing (NYSE: BA), which is sporting a $1.47 gain (+1.9%) bringing the stock to $80.55. This single gain is lifting the Dow Jones Industrial Average by 11.13 points or roughly accounting for 33.7% of the Dow's overall gain. Volume for Boeing currently sits at 542,042 shares traded vs. an average daily trading volume of 6.6 million shares.

Boeing has a market cap of $59.48 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 4.9% 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 15.4, 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, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Holding back the Dow today is Hewlett-Packard (NYSE: HPQ), which is lagging the broader Dow index with a five-cent decline (-0.2%) bringing the stock to $20.88. Volume for Hewlett-Packard currently sits at 999,031 shares traded vs. an average daily trading volume of 27.9 million shares.

Hewlett-Packard has a market cap of $39.78 billion and is part of the technology sector and computer hardware industry. Shares are up 46.9% year to date as of Wednesday's close. The stock's dividend yield sits at 2.6%.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide.

TheStreet Ratings rates Hewlett-Packard as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself.

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