Boeing Co (BA): Today's Featured Aerospace/Defense Laggard

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.

Boeing ( BA) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Boeing fell $1.38 (-1.1%) to $124.04 on average volume. Throughout the day, 4,120,930 shares of Boeing exchanged hands as compared to its average daily volume of 5,289,800 shares. The stock ranged in price between $123.66-$125.82 after having opened the day at $125.59 as compared to the previous trading day's close of $125.42.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $91.5 billion and is part of the industrial goods sector. Shares are down 8.1% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Boeing a buy, no analysts rate it a sell, and 6 rate it a hold.

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 weak operating cash flow.

On the positive front, Aerovironment Incorporated ( AVAV), up 4.7%, Astronics Corporation ( ATRO), up 4.6%, Frontline ( FRO), up 4.4% and Astrotech Corporation ( ASTC), up 4.3% , were all gainers within the aerospace/defense industry with Northrop Grumman ( NOC) being today's featured aerospace/defense industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider iShares DJ US Aerospace & Def Idx ( ITA) while those bearish on the aerospace/defense industry could consider ProShares Short Dow 30 ( DOG).

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