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 Link. The Dow Jones Industrial Average ( ^DJI) closed down 31.0 points (-0.2%) at 15,081. During the day, 487.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 559.5 million. The NYSE advances/declines ratio closed at 1,056 issues advancing vs. 1,987 declining with 73 unchanged.
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The Dow component that led the way higher today was Boeing (NYSE: BA), which sported a 74-cent gain (+0.7%) bringing the stock to $103.47. Volume for Boeing ended the day at 3.5 million shares traded vs. an average daily trading volume of 5.7 million shares. Boeing has a market cap of $78.58 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 36.3% 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. 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.
Holding the Dow back today was Caterpillar (NYSE: CAT), which lagged the broader Dow index with a 70-cent decline (-0.8%) bringing the stock to $85.16. This single loss lowered the Dow Jones Industrial Average by 5.3 points or roughly accounting for 17.1% of the Dow's overall loss. Volume for Caterpillar ended the day at 4.4 million shares traded vs. an average daily trading volume of 6.1 million shares.
Caterpillar has a market cap of $55.58 billion and is part of the industrial goods sector and industrial industry. Shares are down 4.2% year to date as of Thursday's close. The stock's dividend yield sits at 2.8%. Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.