Dow Jones (DJIA) 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..

The Dow Jones Industrial Average ( ^DJI) is trading up 279 points (+1.6%) at 18,203 as of Friday, May 8, 2015, 11:36 a.m. ET. During this time, 125.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 370 million. The NYSE advances/declines ratio sits at 2,537 issues advancing vs. 474 declining with 88 unchanged.
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The Dow component leading the way higher looks to be Boeing (NYSE: BA), which is sporting a $3.72 gain (+2.6%) bringing the stock to $145.20. This single gain is lifting the Dow Jones Industrial Average by 28.15 points or roughly accounting for 10.1% of the Dow's overall gain. Volume for Boeing currently sits at 3.6 million shares traded vs. an average daily trading volume of 4.2 million shares.

Boeing has a market cap of $97.53 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 8.5% year-to-date as of Thursday's close. The stock's dividend yield sits at 2.6%.

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 revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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