Dow Today: Nike (NKE) 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 up 32 points (+0.2%) at 16,585 as of Monday, Aug 11, 2014, 1:36 p.m. ET. During this time, 145.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 306.6 million. The NYSE advances/declines ratio sits at 2,374 issues advancing vs. 630 declining with 131 unchanged.
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Holding back the Dow today is Nike (NYSE: NKE), which is lagging the broader index with a four-cent decline to $77.02. Volume for Nike currently sits at 2.2 million shares traded vs. an average daily trading volume of 3.3 million shares.

Nike has a market cap of $52.74 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 2% year-to-date as of Friday's close. The stock's dividend yield sits at 1.3%.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for 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 expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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