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 16 points (+0.1%) at 14,774 as of Friday, Jun 21, 2013, 12:35 p.m. ET. During this time, 587.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 597.5 million. The NYSE advances/declines ratio sits at 983 issues advancing vs. 1,998 declining with 87 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader Dow index with a 65-cent decline (-0.7%) bringing the stock to $98.99. Volume for Boeing currently sits at 5.9 million shares traded vs. an average daily trading volume of 4.8 million shares.

Boeing has a market cap of $77.58 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 32.2% year to date as of Thursday's close. The stock's dividend yield sits at 1.9%.

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 19.2, above 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 solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

Defense Stocks Take Off as North Korea Tensions Rise

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

FireEye Says Iranian Hackers Target Aerospace and Energy Firms

FedEx Makes A Comeback: Cramer's Top Takeaways