Jim Cramer's Stop Trading: AA

NEW YORK ( TheStreet) -- Sterne Agee initiated Alcoa ( AA) with a buy rating and a $15 price target, based on a "sum of the parts" valuation. 

TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said in response, "I don't think you need to break this stock up in order for it to go higher." He considers the stock a buy, for different reasons. 

Demand for Alcoa's aluminum products for autos -- particularly Ford's (F) 2015 F-150, which will use a lot of aluminum -- as well as aerospace and even Coca-Cola's (KO) cans will all be positive catalysts for Alcoa. 

While Alcoa's shares are up 10% on the year, they are down roughly 4% in the past five trading sessions. That means Cramer is a buyer on weakness.

"I don't want a 'sum of the parts,' but this is still one more reason that it's time to buy Alcoa,"  Cramer opined.

- - Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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