Dow Today: Nike (NKE) 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 19 points (+0.1%) at 16,028 as of Friday, Nov 22, 2013, 12:35 p.m. ET. During this time, 164.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 379.4 million. The NYSE advances/declines ratio sits at 1,625 issues advancing vs. 1,314 declining with 117 unchanged.
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The Dow component leading the way higher looks to be Nike (NYSE: NKE), which is sporting a six-cent gain to $78.14. This single gain is lifting the Dow Jones Industrial Average by 0.45 points or roughly accounting for 2.4% of the Dow's overall gain. Volume for Nike currently sits at 1.8 million shares traded vs. an average daily trading volume of 4.1 million shares.

Nike has a market cap of $55.39 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 51.3% year to date as of Thursday's close. The stock's dividend yield sits at 1.1%.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories, as well as in the provision of services to men, women, and kids worldwide. The company has a P/E ratio of 26.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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