Dow Today: Nike (NKE) 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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 10 points at 16,177 as of Thursday, Dec 19, 2013, 1:35 p.m. ET. During this time, 194.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 370.5 million. The NYSE advances/declines ratio sits at 1,276 issues advancing vs. 1,704 declining with 140 unchanged.
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Holding back the Dow today is Nike (NYSE: NKE), which is lagging the broader Dow index with a 39-cent decline (-0.5%) bringing the stock to $78.16. Volume for Nike currently sits at 2.4 million shares traded vs. an average daily trading volume of 3.8 million shares.

Nike has a market cap of $54.62 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 52.2% year to date as of Wednesday's close. The stock's dividend yield sits at 1.3%.

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 26.3, 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. 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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