Dow Today: United Technologies (UTX) Leads The Day Higher, Alcoa (AA) Lags
The Dow component leading the way higher looks to be United Technologies (NYSE:UTX), which is sporting an 86-cent gain (+0.9%) bringing the stock to $93.47. Holding back the Dow today is Alcoa (NYSE:AA), which is lagging the broader Dow index with a three-cent decline (-0.4%) bringing the stock to $8.46.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. The Dow Jones Industrial Average ( ^DJI) is trading up 10 points at 14,536 as of Thursday, Mar 28, 2013, 9:35 a.m. ET. During this time, 19.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 616.2 million. The NYSE advances/declines ratio sits at 1,466 issues advancing vs. 817 declining with 186 unchanged.
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The Dow component leading the way higher looks to be United Technologies (NYSE: UTX), which is sporting an 86-cent gain (+0.9%) bringing the stock to $93.47. This single gain is lifting the Dow Jones Industrial Average by 6.51 points or roughly accounting for 65.1% of the Dow's overall gain. Volume for United Technologies currently sits at 183,796 shares traded vs. an average daily trading volume of 3.7 million shares. United Technologies has a market cap of $85.08 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 12.9% year to date as of Wednesday's close. The stock's dividend yield sits at 2.3%. United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.
Holding back the Dow today is Alcoa (NYSE: AA), which is lagging the broader Dow index with a three-cent decline (-0.4%) bringing the stock to $8.46. Volume for Alcoa currently sits at 723,740 shares traded vs. an average daily trading volume of 18.2 million shares.
Alcoa has a market cap of $9 billion and is part of the basic materials sector and metals & mining industry. Shares are down 2.2% year to date as of Wednesday'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, Global Rolled Products, and Engineered Products and Solutions. The company has a P/E ratio of 46.8, 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 increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and generally higher debt management risk.