Dow Today: Boeing (BA) Leads The Day Higher, Intel (INTC) Lags
The Dow component that led the way higher today was Boeing (NYSE:BA), which sported an 87-cent gain (+0.7%) bringing the stock to $128.33. Holding the Dow back today was Intel (Nasdaq:INTC), which lagged the broader Dow index with a 13-cent decline (-0.4%) bringing the stock to $34.81.
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 up 75 points (+0.4%) at 17,076. During the day, 208.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 300.8 million. The NYSE advances/declines ratio closed at 1,872 issues advancing vs. 1,174 declining with 144 unchanged.
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The Dow component that led the way higher today was Boeing (NYSE: BA), which sported an 87-cent gain (+0.7%) bringing the stock to $128.33. This single gain lifted the Dow Jones Industrial Average by 6.58 points or roughly accounting for 8.8% of the Dow's overall gain. Volume for Boeing ended the day at 2.3 million shares traded vs. an average daily trading volume of 4.3 million shares. Boeing has a market cap of $91.88 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 6.6% year-to-date as of Friday'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.