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Is There Still A Trade In Aluminum?
Tuesday, January 11, 2011 - 11:36am | 224Alcoa (NYSE: AA) kicked off earnings season yesterday by reporting its Q4 results. EPS was $.21 while sales come in light at $5.65 billion (Estimates were $5.71 billion). Alcoa said on the conference call that higher energy and raw material costs as well as a weaker dollar contributed to the...
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RBC Capital Until Corp., Duke Energy, Alcoa (UTL, DUK, AA)
Tuesday, January 11, 2011 - 10:47am | 72RBC Capital downgrades the following companies: UNTIL Corp. (NYSE: UTL) from Top Pick to Sector Perform. Price target decreased from $27 to $24. Duke Energy (NYSE: DUK) from Outperform to Sector Perform. Price target decreased from $21 to $19. Alcoa (NYSE: AA) from Sector Perform to Underperform....
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Stock Market News for Jan 11, 2011 - Market News
Tuesday, January 11, 2011 - 10:31am | 1081Fears of Portugal seeking a bailout package negatively affected the indices on Monday. However, prospects of strong earnings helped markets move back to a better position as they closed just slightly lower. The Dow fell 0.3% and closed at 11,637.45. The S&P 500 was down 0.1% and closed the...
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Company News for January 11, 2011 - Corporate Summary
Tuesday, January 11, 2011 - 10:31am | 963• Alcoa (NYSE:AA) reported fourth quarter results of $0.21 lower than the Zacks Consensus Estimate of $0.24, on revenues of $5.65 billion, below the Zacks Consensus Estimate of $6.09 billion • Lennar (NYSE:LEN) reported fourth quarter earnings of $0.17, well above the Zacks Consensus Estimate of $...
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Company News for January 11, 2011 - Corporate Summary
Tuesday, January 11, 2011 - 10:21am | 963• Alcoa (NYSE:AA) reported fourth quarter results of $0.21 lower than the Zacks Consensus Estimate of $0.24, on revenues of $5.65 billion, below the Zacks Consensus Estimate of $6.09 billion • Lennar (NYSE:LEN) reported fourth quarter earnings of $0.17, well above the Zacks Consensus Estimate of $...
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Stock Market News for Jan 11, 2011 - Market News
Tuesday, January 11, 2011 - 10:08am | 1081Fears of Portugal seeking a bailout package negatively affected the indices on Monday. However, prospects of strong earnings helped markets move back to a better position as they closed just slightly lower. The Dow fell 0.3% and closed at 11,637.45. The S&P 500 was down 0.1% and closed the...
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JP Morgan Raises Estimates On Alcoa To Anticipate Higher Aluminum Prices
Tuesday, January 11, 2011 - 9:59am | 170JP Morgan has published a research report on Alcoa Inc. (NYSE: AA) and is raising estimates and price target based on a higher aluminum forecast as aluminum prices are starting to increase. In the report, JP Morgan writes "We are increasing our 2011E EPS to $1.55 from $1.38 and our price target to...
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Benzinga's Top Downgrades (AA, AYI, AMR, NVDA)
Tuesday, January 11, 2011 - 9:28am | 135Alcoa Inc (NYSE: AA) was downgraded by RBC Capital Markets from "sector perform" to "underperform." AA's stock closed at $16.49 yesterday. Alcoa's trailing-twelve-month ROE is -1.97%. Acuity Brands Inc (NYSE: AYI) was downgraded by Oppenheimer from "outperform" to “perform.” AYI's shares closed at...
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JP Morgan Raises PT On Alcoa
Tuesday, January 11, 2011 - 9:15am | 27JP Morgan has raised the price target on Alcoa Inc. (NYSE: AA) from $20 to $22 and maintains its Overweight rating.
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A Peek Into The Market Before The Trading Starts
Tuesday, January 11, 2011 - 8:32am | 403Pre-open movers US stock futures are higher this morning, after Alcoa Inc (NYSE: AA) reported better-than-expected quarterly earnings. Futures on the Dow Jones Industrial Average gained 57 points to 11,644 and S&P 500 futures rose 6.80 points to 1,272. Nasdaq 100 futures surged 12.25 points to...
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US Stock Futures Signal Higher Start On Wall Street, Alcoa Reports Upbeat Quarterly Earnings
Tuesday, January 11, 2011 - 7:42am | 260US stock futures are higher this morning, after Alcoa Inc (NYSE: AA) reported better-than-expected quarterly earnings. Futures on the Dow Jones Industrial Average gained 37 points to 11,624.00 and S&P 500 futures rose 3.90 points to 1,269.40. Nasdaq 100 futures surged 6.50 points to 2,289.00....
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Top 4 Stocks In The Aluminum Industry With The Highest EPS Estimates (KALU, NOR, AA, CENX)
Tuesday, January 11, 2011 - 5:29am | 152Below are the top aluminum stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Kaiser Aluminum Corporation (NASDAQ: KALU) for the next year ending December, 2011 is $2.69 per share. KALU's trailing-twelve-month revenue is $1.05 billion....
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No Trend Reversal Has Materialized Yet 01-10-2011
Monday, January 10, 2011 - 7:28pm | 862Cusick's Corner The market is at excessive levels and in condition of being overbought (with no real selling except for a small amount last week); no trend reversal has materialized yet. There are two ways that this environment can work itself out: 1) by grinding in a range, which the Small Caps...
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Earnings Continuing to Grow - Earnings Trends
Monday, January 10, 2011 - 6:01pm | 5097Key Points: 4Q earnings season off to good start, but it's still very early. Median surprise of 6.07% and surprise ratio of 2.50 for EPS, 0.625% and 2.29 for revenues. Strong earnings season for third quarter -- a median EPS surprise of 5.00%, and a 3.78 surprise ratio. While those numbers are...
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Earnings Continuing to Grow - Earnings Trends
Monday, January 10, 2011 - 6:01pm | 5097Key Points: 4Q earnings season off to good start, but it's still very early. Median surprise of 6.07% and surprise ratio of 2.50 for EPS, 0.625% and 2.29 for revenues. Strong earnings season for third quarter -- a median EPS surprise of 5.00%, and a 3.78 surprise ratio. While those numbers are...