Dow Today: Intel (INTC) Leads The Day Higher, Alcoa (AA) Lags
The Dow component leading the way higher looks to be Intel (Nasdaq:INTC), which is sporting a 10-cent gain (+0.5%) bringing the stock to $22.14. Holding back the Dow today is Alcoa (NYSE:AA), which is lagging the broader Dow index with a 12-cent decline (-1.5%) bringing the stock to $8.04.
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. The Dow Jones Industrial Average ( ^DJI) is trading up one points at 15,113 as of Friday, Aug 16, 2013, 9:35 a.m. ET. During this time, 57.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 559.5 million. The NYSE advances/declines ratio sits at 770 issues advancing vs. 1,823 declining with 141 unchanged.
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The Dow component leading the way higher looks to be Intel (Nasdaq: INTC), which is sporting a 10-cent gain (+0.5%) bringing the stock to $22.14. This single gain is lifting the Dow Jones Industrial Average by 0.76 points or roughly accounting for 76% of the Dow's overall gain. Volume for Intel currently sits at four million shares traded vs. an average daily trading volume of 40.8 million shares. Intel has a market cap of $112.44 billion and is part of the technology sector and electronics industry. Shares are up 9.5% year to date as of Thursday's close. The stock's dividend yield sits at 4%. Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. TheStreet Ratings rates Intel as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
Holding back the Dow today is Alcoa (NYSE: AA), which is lagging the broader Dow index with a 12-cent decline (-1.5%) bringing the stock to $8.04. Volume for Alcoa currently sits at 1.5 million shares traded vs. an average daily trading volume of 17.1 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 6% year to date as of Thursday'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, Global Rolled Products, and Engineered Products and Solutions. TheStreet Ratings rates Alcoa as a hold. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself.