Dow Today: Chevron (CVX) Leads The Day Higher, Boeing (BA) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 78 points (+0.5%) at 17,138. During the day, 482 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 299.9 million. The NYSE advances/declines ratio closed at 1,680 issues advancing vs. 1,362 declining with 164 unchanged.
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The Dow component that led the way higher today was Chevron (NYSE: CVX), which sported a $1.63 gain (+1.3%) bringing the stock to $130.89. This single gain lifted the Dow Jones Industrial Average by 12.34 points or roughly accounting for 15.8% of the Dow's overall gain. Volume for Chevron ended the day at 4.2 million shares traded vs. an average daily trading volume of 5.5 million shares.

Chevron has a market cap of $246.07 billion and is part of the basic materials sector and energy industry. Shares are up 3.5% year-to-date as of Tuesday's close. The stock's dividend yield sits at 3.3%.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

Holding the Dow back today was Boeing (NYSE: BA), which lagged the broader Dow index with a $1.68 decline (-1.3%) bringing the stock to $127.42. Volume for Boeing ended the day at 5.2 million shares traded vs. an average daily trading volume of 3.6 million shares.

Boeing has a market cap of $94.45 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 5.4% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.3%.

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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