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 125.0 points (-0.7%) at 16,899 as of Tuesday, Jul 8, 2014, 12:35 p.m. ET. During this time, 145.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 320.4 million. The NYSE advances/declines ratio sits at 971 issues advancing vs. 2,018 declining with 168 unchanged.
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Holding back the Dow today is Nike (NYSE: NKE), which is lagging the broader Dow index with a $1.34 decline (-1.7%) bringing the stock to $77.32. This single loss is lowering the Dow Jones Industrial Average by 10.14 points or roughly accounting for 8.1% of the Dow's overall loss. Volume for Nike currently sits at 2.4 million shares traded vs. an average daily trading volume of 3.5 million shares. Nike has a market cap of $54.96 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 0% year-to-date as of Monday's close. The stock's dividend yield sits at 1.2%. 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 solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.