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 78 points (+0.5%) at 15,816 as of Thursday, Jan 30, 2014, 10:35 a.m. ET. During this time, 82.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 364.2 million. The NYSE advances/declines ratio sits at 2,217 issues advancing vs. 672 declining with 186 unchanged.
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The Dow component leading the way higher looks to be Nike (NYSE: NKE), which is sporting a $2.05 gain (+2.9%) bringing the stock to $73.82. This single gain is lifting the Dow Jones Industrial Average by 15.52 points or roughly accounting for 19.9% of the Dow's overall gain. Volume for Nike currently sits at 1.4 million shares traded vs. an average daily trading volume of 3.4 million shares.

Nike has a market cap of $51.44 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 8.7% 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 24.7, 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 compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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