Alcoa and These 2 Stocks are Crashing the DJIA

The Dow Jones Industrial Average (NYSE:DIA) is down today by -2.91% and stands at 11,815.95. The large stocks below are more of the negative performers today.

Alcoa, Inc. (NYSE:AA): Aluminum’s slide in price may have made at least 25% of the world’s smelters unprofitable. The bad financial news will lead to significant cut in production by 2012 Q1. The last cycle of cutbacks in 2009 signaled a bottom in the market, with aluminum prices rallying 37% in the following 6 months. The shares recently traded at $10.27, down $0.51, or 4.73%. They have traded in a 52-week range of $8.45 to $18.47. Volume today was 23,416,891 shares versus a 3-month average volume of 34,599,600 shares. The company’s trailing P/E is 10.77, while trailing earnings are $0.95 per share.

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JPMorgan Chase & Co. (NYSE:JPM): JPMorgan Chase & Co (NYSE:JPM) is down on the new Basel charges and crisis in Italy. The bank may face capital surcharges as well with 2.5 percentage points above earlier minimum levels, according to a provisional list prepared by Basel regulators. The shares recently traded at $32.81, down $2.21, or 6.31%. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 31,915,050 shares versus a 3-month average volume of 49,396,800 shares. The company’s trailing P/E is 6.99, while trailing earnings are $4.69 per share.

Hewlett Packard Co. (NYSE:HPQ): Goldman expects Hewlett Packard to miss consensus revenue estimates and to guide FQ1 2012 revenue and EPS below Street forecasts, as it issues a downbeat note on H-P (NYSE:HPQ) ahead of its Nov. 21 FQ4 report. Nonetheless, Goldman thinks investors, who have already discounted a lot of bad news, will be paying more attention to long-term management and operational issues. The shares recently traded at $26.40, down $1.44, or 5.17%. They have traded in a 52-week range of $21.50 to $49.39. Volume today was 13,362,193 shares versus a 3-month average volume of 28,698,600 shares. The company’s trailing P/E is 6.20, while trailing earnings are $4.26 per share.

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