Dow Today: Nike (NKE) Leads The Day Higher, JPMorgan Chase (JPM) Lags

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 40 points (+0.2%) at 16,583 as of Friday, May 23, 2014, 9:36 a.m. ET. During this time, 9.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 386.1 million. The NYSE advances/declines ratio sits at 1,605 issues advancing vs. 1,051 declining with 284 unchanged.
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The Dow component leading the way higher looks to be Nike (NYSE: NKE), which is sporting a 76-cent gain (+1%) bringing the stock to $75.64. This single gain is lifting the Dow Jones Industrial Average by 5.75 points or roughly accounting for 14.4% of the Dow's overall gain. Volume for Nike currently sits at 255,180 shares traded vs. an average daily trading volume of 3.7 million shares.

Nike has a market cap of $51.99 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 4.8% year-to-date as of Thursday'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.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a 28-cent decline (-0.5%) bringing the stock to $54.26. Volume for JPMorgan Chase currently sits at 550,126 shares traded vs. an average daily trading volume of 18.9 million shares.

JPMorgan Chase has a market cap of $204.83 billion and is part of the financial sector and banking industry. Shares are down 6.7% year-to-date as of Thursday's close. The stock's dividend yield sits at 3%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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