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 40 points (+0.2%) at 18,080 as of Tuesday, Jun 2, 2015, 12:36 p.m. ET. During this time, 135.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 359.8 million. The NYSE advances/declines ratio sits at 1,713 issues advancing vs. 1,260 declining with 163 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be Boeing (NYSE: BA), which is sporting a $2.83 gain (+2%) bringing the stock to $144.08. This single gain is lifting the Dow Jones Industrial Average by 21.42 points or roughly accounting for 53.6% of the Dow's overall gain. Volume for Boeing currently sits at 2.5 million shares traded vs. an average daily trading volume of 3.9 million shares.

Boeing has a market cap of $97.17 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 8.7% year-to-date as of Monday'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, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. We feel its strengths outweigh the fact that the company shows low profit margins.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE..

More from Markets

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Ford, GM Gain as China Slashes Auto Import Tariffs

Ford, GM Gain as China Slashes Auto Import Tariffs