Dow Today: Boeing (BA) Lower

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 45.0 points (-0.3%) at 16,915 as of Monday, Jul 28, 2014, 10:36 a.m. ET. During this time, 66.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 305.5 million. The NYSE advances/declines ratio sits at 884 issues advancing vs. 1,976 declining with 220 unchanged.
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Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader Dow index with a 76-cent decline (-0.6%) bringing the stock to $122.44. This single loss is lowering the Dow Jones Industrial Average by 5.75 points or roughly accounting for 12.8% of the Dow's overall loss. Volume for Boeing currently sits at 1.6 million shares traded vs. an average daily trading volume of 3.8 million shares.

Boeing has a market cap of $89.64 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 9.7% year-to-date as of Friday's close. The stock's dividend yield sits at 2.4%.

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, impressive record of earnings per share growth, compelling growth in net income, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

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