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 99.0 points (-0.6%) at 15,513 as of Tuesday, Aug 6, 2013, 1:35 p.m. ET. During this time, 215.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 580.1 million. The NYSE advances/declines ratio sits at 724 issues advancing vs. 2,255 declining with 104 unchanged.
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Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader index with a one-cent decline to $107.49. This single drop is lowering the Dow Jones Industrial Average by 0.08 points or roughly accounting for 0.1% of the Dow's overall loss. Volume for Boeing currently sits at 3.1 million shares traded vs. an average daily trading volume of 5.7 million shares.

Boeing has a market cap of $81.4 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 43.2% year to date as of Monday'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 revenue growth, good cash flow from operations, 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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