Alcoa's (NYSE: AA ) earnings report has long stood as the unofficial kickoff signal of each earnings season, typically setting a tone by which subsequent releases are measured. While this quarter appears to have followed the expected pattern, there are some who have begun to question the relevance of Alcoa as a member of the Dow Jones Industrial Average. The Dow has started 2013 in impressive fashion, while Alcoa has languished.
In the video below, Fool.com contributor Doug Ehrman discusses Alcoa's numbers, the tone they bring to earnings season, and the company's place in the market, and in the Dow, as a bellwether.
Materials industries are traditionally known for their high barriers to entry, and the aluminum industry is no exception. Controlling about 15% of global production in this highly consolidated industry, Alcoa is in prime position to take advantage of growth that some expect will lead to total industry revenue approaching $160 billion by 2017. Based on this prospect and several other company-specific factors, Alcoa is certainly worth a closer look. For a Foolish investment perspective on this global giant simply click here now to get started.