Dow Jones (DJIA) 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 down 217.0 points (-1.3%) at 16,993 as of Thursday, Sep 25, 2014, 11:36 a.m. ET. During this time, 112 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 298.3 million. The NYSE advances/declines ratio sits at 403 issues advancing vs. 2,568 declining with 158 unchanged.
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Holding back the Dow today is Nike (NYSE: NKE), which is lagging the broader Dow index with a 98-cent decline (-1.2%) bringing the stock to $79.86. This single loss is lowering the Dow Jones Industrial Average by 7.42 points or roughly accounting for 3.4% of the Dow's overall loss. Volume for Nike currently sits at 1.9 million shares traded vs. an average daily trading volume of 3.3 million shares.

Nike has a market cap of $55.34 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 2.8% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.2%.

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, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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