Dow Today: Boeing (BA) Leads The Day Higher, Exxon Mobil Corporation (XOM) Lags
The Dow component leading the way higher looks to be Boeing (NYSE:BA), which is sporting a 44-cent gain (+0.4%) bringing the stock to $120.37. Holding back the Dow today is Exxon Mobil Corporation (NYSE:XOM), which is lagging the broader Dow index with a 77-cent decline (-0.8%) bringing the stock to $99.36.
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 88.0 points (-0.5%) at 16,481 as of Tuesday, Aug 5, 2014, 9:36 a.m. ET. During this time, 10.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 305.9 million. The NYSE advances/declines ratio sits at 749 issues advancing vs. 1,940 declining with 258 unchanged.
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The Dow component leading the way higher looks to be Boeing (NYSE: BA), which is sporting a 44-cent gain (+0.4%) bringing the stock to $120.37. Volume for Boeing currently sits at 207,057 shares traded vs. an average daily trading volume of four million shares. Boeing has a market cap of $86.75 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 12.1% year-to-date as of Monday'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, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.