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 up 64 points (+0.4%) at 15,436 as of Tuesday, Feb 4, 2014, 1:35 p.m. ET. During this time, 304.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 369.3 million. The NYSE advances/declines ratio sits at 2,148 issues advancing vs. 838 declining with 148 unchanged.
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Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader Dow index with a 28-cent decline (-0.2%) bringing the stock to $122.80. Volume for Boeing currently sits at 5.8 million shares traded vs. an average daily trading volume of 4.5 million shares.

Boeing has a market cap of $94.13 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 9.8% year to date as of Monday'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, 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 impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

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