Dow Today: Boeing (BA) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 66 points (+0.4%) at 14,998 as of Wednesday, Jul 3, 2013, 12:37 p.m. ET. During this time, 196.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 624.8 million. The NYSE advances/declines ratio sits at 1,256 issues advancing vs. 1,690 declining with 89 unchanged.
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The Dow component leading the way higher looks to be Boeing (NYSE: BA), which is sporting a $1.50 gain (+1.5%) bringing the stock to $102.97. This single gain is lifting the Dow Jones Industrial Average by 11.35 points or roughly accounting for 17.2% of the Dow's overall gain. Volume for Boeing currently sits at 2.1 million shares traded vs. an average daily trading volume of five million shares.

Boeing has a market cap of $78.33 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 34.6% year to date as of Tuesday'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.

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.

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