Dow Today: Boeing (BA) Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links.

The Dow Jones Industrial Average ( ^DJI) is trading down 31.0 points (-0.2%) at 15,536 as of Wednesday, Jul 24, 2013, 10:35 a.m. ET. During this time, 135.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 591.6 million. The NYSE advances/declines ratio sits at 759 issues advancing vs. 2,069 declining with 111 unchanged.
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Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader Dow index with a 41-cent decline (-0.4%) bringing the stock to $107.38. This single loss is lowering the Dow Jones Industrial Average by 3.1 points or roughly accounting for 10% of the Dow's overall loss. Volume for Boeing currently sits at 2.9 million shares traded vs. an average daily trading volume of 5.8 million shares.

Boeing has a market cap of $81.07 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 41.8% year to date as of Tuesday's close. The stock's dividend yield sits at 1.8%.

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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