Dow Today: Alcoa (AA) Lower

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 down 38.0 points (-0.3%) at 15,043 as of Monday, Aug 19, 2013, 1:35 p.m. ET. During this time, 254.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 559.7 million. The NYSE advances/declines ratio sits at 778 issues advancing vs. 2,226 declining with 81 unchanged.
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Holding back the Dow today is Alcoa (NYSE: AA), which is lagging the broader Dow index with a 15-cent decline (-1.9%) bringing the stock to $7.97. This single loss is lowering the Dow Jones Industrial Average by 1.14 points or roughly accounting for 3% of the Dow's overall loss. Volume for Alcoa currently sits at 9.4 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 6.5% 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, 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.

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