Is It Time to Drop Alcoa’s Stock From the Dow?
Thursday, April 18, 2013 2:47
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Alcoa (NYSE: AA) , a member of the Dow Jones Industrial Average, is supposed to be a key indicator of economic growth. That’s why its earnings report is usually one of the most highly anticipated reports each quarter. Though, it certainly doesn’t hurt that it’s typically one of the first companies to report.
However, while the rest of the economy is recovering it seems that Alcoa has fallen behind. Over the past year its stock is down more than 13% while the Dow is up by more than 13%. Worse yet, over the past five years the Dow is up almost 20% while Alcoa’s stock has crumbled by nearly 80%. Just take a look at this brutal chart:
