Dow Today: Nike (NKE) Leads The Day Higher, Caterpillar (CAT) Lags
The Dow component that led the way higher today was Nike (NYSE:NKE), which sported a $1.51 gain (+1.9%) bringing the stock to $79.61. Holding the Dow back today was Caterpillar (NYSE:CAT), which lagged the broader Dow index with a $1.31 decline (-1.3%) bringing the stock to $103.38.
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) closed down 32.0 points (-0.2%) at 16,880. During the day, 325.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.1 million. The NYSE advances/declines ratio closed at 1,184 issues advancing vs. 1,867 declining with 134 unchanged.
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The Dow component that led the way higher today was Nike (NYSE: NKE), which sported a $1.51 gain (+1.9%) bringing the stock to $79.61. Volume for Nike ended the day at 4.1 million shares traded vs. an average daily trading volume of 3.2 million shares. Nike has a market cap of $54.15 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 0.7% year-to-date as of Tuesday'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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.