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TheStreet Wire

Dow Today: Alcoa (AA) Higher

By TheStreet Wire 08/06/12 - 12:00 PM EDT

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

The Dow Jones Industrial Average (^DJI) is trading up 75 points (+0.6%) at 13,171 as of Monday, Aug 6, 2012, 11:35 a.m. ET. During this time, 183.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 683 million. The NYSE advances/declines ratio sits at 1,999 issues advancing vs. 882 declining with 133 unchanged.

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The Dow component leading the way higher looks to be Alcoa (NYSE:AA), which is sporting a 13-cent gain (+1.6%) bringing the stock to $8.50. This single gain is lifting the Dow Jones Industrial Average by 0.98 points or roughly accounting for 1.3% of the Dow's overall gain. Volume for Alcoa currently sits at 8.4 million shares traded vs. an average daily trading volume of 22.3 million shares.

Alcoa has a market cap of $8.73 billion and is part of the basic materials sector and metals & mining industry. Shares are down 2.5% year to date as of Friday's close. The stock's dividend yield sits at 1.5%.

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 116.9, above the average metals & mining industry P/E ratio of 102.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alcoa as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, 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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