Dow Today: Boeing (BA) 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 30 points (+0.2%) at 16,951 as of Friday, Jun 20, 2014, 1:36 p.m. ET. During this time, 265.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 333.4 million. The NYSE advances/declines ratio sits at 1,583 issues advancing vs. 1,400 declining with 164 unchanged.
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The Dow component leading the way higher looks to be Boeing (NYSE: BA), which is sporting a seven-cent gain to $132.89. This single gain is lifting the Dow Jones Industrial Average by 0.53 points or roughly accounting for 1.8% of the Dow's overall gain. Volume for Boeing currently sits at 3.6 million shares traded vs. an average daily trading volume of 3.2 million shares.

Boeing has a market cap of $96.61 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 2.7% year-to-date as of Thursday's close. The stock's dividend yield sits at 2.2%.

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.

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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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