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A surprising stock is leading the Dow this year

Far from being a hot tech stock, the best-performing stock in the Dow Jones industrial average this year is a stalwart that action-seeking traders may not think about too much: Boeing.

Year to date, Boeing shares have surged 32.5 percent. Over the past year, the aircraft manufacturer has enjoyed a 56 percent rally, making it tops out of the Dow 30 in that time frame as well. The overall index has risen by 8.3 percent and 17.5 percent in those periods, respectively.

With a 3.9 percent rise in the past week, and 1.1 percent jump on Tuesday alone, Boeing reached an all-time high.

The stock's rally has come as airplane orders and earnings numbers have impressed. The stock has also been helped by market expectations, following Donald Trump's win, that defense spending would rise and that the pace of global growth would increase.

But on the whole, Wall Street analysts are not too...