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TheStreet Wire

Dow Today: Alcoa (AA) Higher

By TheStreet Wire 05/01/12 - 01:00 PM EDT

Find out if (AA) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading up 104 points (+0.8%) at 13,317 as of Tuesday, May 1, 2012, 1:35 p.m. ET. During this time, 369.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 743.8 million. The NYSE advances/declines ratio sits at 2,350 issues advancing vs. 628 declining with 108 unchanged.

The Dow component leading the way higher looks to be Alcoa (NYSE:AA), which is sporting a 20-cent gain (+2.1%) bringing the stock to $9.94. This single gain is lifting the Dow Jones Industrial Average by 1.51 points or roughly accounting for 1.5% of the Dow's overall gain. Volume for Alcoa currently sits at 16.1 million shares traded vs. an average daily trading volume of 25 million shares.

Alcoa has a market cap of $10.39 billion and is part of the basic materials sector and metals & mining industry. Shares are up 12.5% year to date as of Monday's close. The stock's dividend yield sits at 1.2%.

Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. The company has a P/E ratio of 26.4, below the average metals & mining industry P/E ratio of 27.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alcoa as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

You can view the full Alcoa Ratings Report.

For more information on Dow Jones Industrial Average click any of the following:

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