Dow Today: Chevron (CVX) Leads The Day Higher, Boeing (BA) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 13 points at 15,555. During the day, 432.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 589.7 million. The NYSE advances/declines ratio closed at 1,722 issues advancing vs. 1,302 declining with 92 unchanged.
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The Dow component that led the way higher today was Chevron (NYSE: CVX), which sported a $1.39 gain (+1.1%) bringing the stock to $127.76. This single gain is lifting the Dow Jones Industrial Average by 10.52 points or roughly accounting for 80.9% of the Dow's overall gain. Volume for Chevron ended the day at 4.5 million shares traded vs. an average daily trading volume of 6.1 million shares.

Chevron has a market cap of $246.69 billion and is part of the basic materials sector and energy industry. Shares are up 17.7% year to date as of Wednesday'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.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels 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 the Dow back today was Boeing (NYSE: BA), which lagged the broader Dow index with a 25-cent decline (-0.2%) bringing the stock to $106.70. Volume for Boeing ended the day at 5.2 million shares traded vs. an average daily trading volume of 5.7 million shares.

Boeing has a market cap of $81.78 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 43% year to date as of Wednesday'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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