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..

The Dow Jones Industrial Average ( ^DJI) is trading down 56.0 points (-0.3%) at 18,106 as of Thursday, May 28, 2015, 1:36 p.m. ET. During this time, 140.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 361.6 million. The NYSE advances/declines ratio sits at 920 issues advancing vs. 2,102 declining with 145 unchanged.
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Holding back the Dow today is Nike (NYSE: NKE), which is lagging the broader Dow index with a 28-cent decline (-0.3%) bringing the stock to $102.28. This single loss is lowering the Dow Jones Industrial Average by 2.12 points or roughly accounting for 3.8% of the Dow's overall loss. Volume for Nike currently sits at 1.7 million shares traded vs. an average daily trading volume of 3.3 million shares.

Nike has a market cap of $70.55 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 7% year-to-date as of Wednesday'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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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