Dow Jones (DJIA) Today: Nike (NKE) 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 14 points at 17,085 as of Tuesday, Sep 30, 2014, 12:36 p.m. ET. During this time, 139.1 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 1,160 issues advancing vs. 1,849 declining with 136 unchanged.
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The Dow component leading the way higher looks to be Nike (NYSE: NKE), which is sporting a 76-cent gain (+0.8%) bringing the stock to $89.88. This single gain is lifting the Dow Jones Industrial Average by 5.75 points or roughly accounting for 41.1% of the Dow's overall gain. Volume for Nike currently sits at three million shares traded vs. an average daily trading volume of 3.6 million shares.

Nike has a market cap of $61.82 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 13.3% year-to-date as of Monday's close. The stock's dividend yield sits at 1.1%.

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, increase in stock price during the past year and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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