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Dow Today: Alcoa (AA) Higher

By TheStreet Wire 08/08/12 - 02:00 PM EDT

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

The Dow Jones Industrial Average (^DJI) is trading up four points at 13,172 as of Wednesday, Aug 8, 2012, 1:35 p.m. ET. During this time, 284 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 671.4 million. The NYSE advances/declines ratio sits at 1,436 issues advancing vs. 1,460 declining with 138 unchanged.

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The Dow component leading the way higher looks to be Alcoa (NYSE:AA), which is sporting a 17-cent gain (+2%) bringing the stock to $8.77. This single gain is lifting the Dow Jones Industrial Average by 1.29 points or roughly accounting for 32.3% of the Dow's overall gain. Volume for Alcoa currently sits at 12.1 million shares traded vs. an average daily trading volume of 22.2 million shares.

Alcoa has a market cap of $9.07 billion and is part of the basic materials sector and metals & mining industry. Shares are down 1.7% year to date as of Tuesday's close. The stock's dividend yield sits at 1.4%.

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 121.4, above the average metals & mining industry P/E ratio of 106.3 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 Alcoa Inc click any of the following:

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