Dow Today: Chevron (CVX) Leads The Day Higher, Boeing (BA) 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) closed up 20 points (+0.1%) at 14,567. During the day, 651 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 598.4 million. The NYSE advances/declines ratio closed at 1,739 issues advancing vs. 1,249 declining with 130 unchanged.
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The Dow component that led the way higher today was Chevron (NYSE: CVX), which sported a 67-cent gain (+0.6%) bringing the stock to $116.57. This single gain is lifting the Dow Jones Industrial Average by 5.07 points or roughly accounting for 25.4% of the Dow's overall gain. Volume for Chevron ended the day at 5.1 million shares traded vs. an average daily trading volume of 5.6 million shares.

Chevron has a market cap of $224.07 billion and is part of the basic materials sector and energy industry. Shares are up 7.2% year to date as of Friday's close. The stock's dividend yield sits at 3.1%.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Holding the Dow back today was Boeing (NYSE: BA), which lagged the broader Dow index with a $1.02 decline (-1.2%) bringing the stock to $86.94. Volume for Boeing ended the day at 4.2 million shares traded vs. an average daily trading volume of 5.5 million shares.

Boeing has a market cap of $65.22 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 16.7% year to date as of Friday's close. The stock's dividend yield sits at 2.3%.

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 16.9, 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 and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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