Dow Today: Boeing (BA) 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 down 166.0 points (-1%) at 15,682 as of Friday, Jan 31, 2014, 10:35 a.m. ET. During this time, 108.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 366.7 million. The NYSE advances/declines ratio sits at 851 issues advancing vs. 2,039 declining with 179 unchanged.
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Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader Dow index with a $2.75 decline (-2.2%) bringing the stock to $123.78. This single loss is lowering the Dow Jones Industrial Average by 20.81 points or roughly accounting for 12.5% of the Dow's overall loss. Volume for Boeing currently sits at 3.3 million shares traded vs. an average daily trading volume of 4.3 million shares.

Boeing has a market cap of $97.52 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 7.3% year to date as of Thursday's close. The stock's dividend yield sits at 2.3%.

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 21.8, 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 has had generally high debt management risk by most measures that we evaluated.

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