Large Cap New Highs: Alcoa Inc. (NYSE:AA), American International Group Inc. (NYSE:AIG), 3M Co (NYSE:MMM), Valero Energy Corporation (NYSE:VLO)

Alcoa (NYSE:AA) announced it has signed a long-term agreement to supply aluminium sheet to Spirit AeroSystems, Inc. (NYSE:SPR) in a contract valued at approximately $290 million over five years. Alcoa Inc. (NYSE:AA) shares after opening at $13.67 moved to $13.89 on last trade day and at the end of the day closed at $13.72. Company price to sales ratio in past twelve months was calculated as 0.71 and price to cash ratio as 24.19. Alcoa Inc. (NYSE:AA) showed a positive weekly performance of 2.93%.

American International Group Inc. (NYSE:AIG) will report financial results for the first quarter ended March 31, 2014, after the market closes on Monday, May 5, 2014. American International Group Inc. (NYSE:AIG) shares fell -1.11% in last trading session and ended the day on $52.35. AIG return on equity ratio is recorded as 9.10% and its return on assets is 1.70%. American International Group Inc. (NYSE:AIG) yearly performance is 25.06%.

3M Co (NYSE:MMM) revenue growth has slightly outpaced the industry average of 0.1%. Since the same quarter one year prior, revenues slightly increased by 2.6%. Growth in the company’s revenue appears to have helped boost the earnings per share. 3M Co (NYSE:MMM) shares moved down -0.49% in last trading session and was closed at $140.12, while trading in range of $139.87 – $141.83. 3M Co (NYSE:MMM) year to date (YTD) performance is 0.57%.

Suncor Energy Inc. and Valero Energy Corp. (NYSE:VLO) are poised to use only North American crude in eastern Canada by 2015, helping to displace overseas imports. Suncor’s Montreal refinery will reach that point in 2015 and Valero’s Quebec City plant by the end of this year. Valero Energy Corporation (NYSE:VLO) weekly performance is 2.19%. On last trading day company shares ended up $57.91. Valero Energy Corporation (NYSE:VLO) distance from 50-day simple moving average (SMA50) is 8.15%. Analysts mean target price for the company is $60.14.

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