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

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The Dow Jones Industrial Average ( ^DJI) closed up five points at 16,025. During the day, 308.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 374.3 million. The NYSE advances/declines ratio closed at 1,497 issues advancing vs. 1,482 declining with 160 unchanged.
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The Dow component that led the way higher today was Chevron (NYSE: CVX), which sported a $1.05 gain (+0.9%) bringing the stock to $123.34. This single gain lifted the Dow Jones Industrial Average by 7.95 points or roughly accounting for 159% of the Dow's overall gain. Volume for Chevron ended the day at 7.6 million shares traded vs. an average daily trading volume of 5.8 million shares.

Chevron has a market cap of $232.9 billion and is part of the basic materials sector and energy industry. Shares are up 13.1% year to date as of Friday's close. The stock's dividend yield sits at 3.3%.

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. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron 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, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

Holding the Dow back today was Boeing (NYSE: BA), which lagged the broader Dow index with a 50-cent decline (-0.4%) bringing the stock to $134.68. Volume for Boeing ended the day at 3.8 million shares traded vs. an average daily trading volume of 4.5 million shares.

Boeing has a market cap of $99.74 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 79.4% year to date as of Friday's close. The stock's dividend yield sits at 1.5%.

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. The company has a P/E ratio of 23.6, above the S&P 500 P/E ratio of 17.7.

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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