Dow Jones (DJIA) Today: Boeing (BA) Leads The Day 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) closed up 192 points (+1.1%) at 18,252. During the day, 313.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 365.3 million. The NYSE advances/declines ratio closed at 2,348 issues advancing vs. 752 declining with 104 unchanged.
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The Dow component that led the way higher today was Boeing (NYSE: BA), which sported a $2.34 gain (+1.6%) bringing the stock to $147.96. This single gain lifted the Dow Jones Industrial Average by 17.71 points or roughly accounting for 9.2% of the Dow's overall gain. Volume for Boeing ended the day at 3.5 million shares traded vs. an average daily trading volume of 4.3 million shares.

Boeing has a market cap of $100.57 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 11.9% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.5%.

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, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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