Dow Today: Boeing (BA) Leads The Day Higher

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) is trading up 152 points (+1%) at 15,528 as of Monday, Sep 16, 2013, 9:35 a.m. ET. During this time, 27.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 518.8 million. The NYSE advances/declines ratio sits at 2,404 issues advancing vs. 132 declining with 79 unchanged.
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The Dow component leading the way higher looks to be Boeing (NYSE: BA), which is sporting a $2.65 gain (+2.4%) bringing the stock to $113.98. This single gain is lifting the Dow Jones Industrial Average by 20.06 points or roughly accounting for 13.2% of the Dow's overall gain. Volume for Boeing currently sits at 538,111 shares traded vs. an average daily trading volume of 5.1 million shares.

Boeing has a market cap of $82.84 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 45.7% year to date as of Friday'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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