Dow Today: Boeing (BA) Higher

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 31 points (+0.2%) at 16,950 as of Wednesday, Aug 20, 2014, 11:36 a.m. ET. During this time, 83.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 303.1 million. The NYSE advances/declines ratio sits at 1,320 issues advancing vs. 1,563 declining with 215 unchanged.
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The Dow component leading the way higher looks to be Boeing (NYSE: BA), which is sporting a $1.66 gain (+1.3%) bringing the stock to $127.24. This single gain is lifting the Dow Jones Industrial Average by 12.56 points or roughly accounting for 40.5% of the Dow's overall gain. Volume for Boeing currently sits at 1.8 million shares traded vs. an average daily trading volume of 4.3 million shares.

Boeing has a market cap of $90.06 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 8% 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

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