-
News Summary
Friday, October 8, 2010 - 9:51am | 138Shares of Alcoa Inc (NYSE: AA) jumped about 6.9% after the company reported upbeat Q3 profit yesterday. Analysts at JP Morgan upgraded the stock from “neutral” to “overweight.” The common stock of LyondellBasell Industries is likely to start trading on the New York Stock Exchange (NYSE) on October...
-
Alcoa Earnings Defeat Estimates in Third Quarter
Friday, October 8, 2010 - 9:48am | 223I last discussed aluminum company Alcoa (NYSE: AA) back in July. At that time, its price was roughly around the $11 mark. Thursday, the stock closed the regular session at $12.20. During the extended-hours trading that followed, the stock rose 2.8% to $12.54 in reaction to the release of the third-...
-
Stocks To Watch For October 8 (MU, GENZ, AA)
Friday, October 8, 2010 - 5:15am | 182Some of the stocks that may grab the investor focus today are: Micron Technology (NASDAQ: MU) posted its FQ4 profit at $0.32 per share, as compared to a loss of $0.12 per share, in the year-ago period. The company's revenue came in at $2.49 billion. MU's shares fell 1.13% to $7.03 in after-hours...
-
Earnings Preview: Alcoa Inc. - Analyst Blog
Thursday, October 7, 2010 - 11:36pm | 785Alcoa Inc. (AA), the U.S. aluminum giant, is scheduled to report its third-quarter 2010 results after the markets close today. For the quarter, analysts are looking for net earnings of 6 cents per share versus last year's 4 cents. The full year 2010 estimate is pegged at 45 cents. Alcoa has...
-
Alcoa Leads Off with Improvement - Analyst Blog
Thursday, October 7, 2010 - 11:36pm | 449So here we go again. Alcoa (AA), the perennial lead-off company for earnings season, reported third-quarter earnings per share and revenue that improved from last year, while also raising its aluminum consumption forecast for the year. The company earned 9 cents per share, excluding a negative...
-
Fast Money Picks For October 8th (XLF, CRM, ADBE, IBM, AA, CAT)
Thursday, October 7, 2010 - 7:38pm | 263On CNBC's Fast Money, Steve Cortes said that low interest rates are a big problem for financials. He wants to sell Financial Select Sector SPDR (ETF) (NYSE: XLF) on Friday. Financial Select Sector SPDR (ETF) (XLF) fell 0.41% today, and closed at $14.66. Joe Terranova recommended investors to buy...
-
Many Retailers Post Strong Sept. Sales
Thursday, October 7, 2010 - 7:12pm | 873Cusick's Corner Many large retailers reported strong September sales this week and the consensus was that most consumers did their back-to-school shopping rather late this year, waiting for the promotions and discounts in September. Even with a general increase in September sales, overall...
-
Alcoa Resumes Trading (AA)
Thursday, October 7, 2010 - 4:39pm | 45Shares of Alcoa (NYSE: AA) have resumed trading, after reporting better than expected earnings after the bell today. Shares are up 3.2% to $12.60, a gain of 40 cents. During the regular trading session, shares lost 17 cents to close at $12.20.
-
Small Caps Taking a Hit 10-07-2010
Thursday, October 7, 2010 - 4:19pm | 873Cusick's Corner We are seeing some weakness in the indices going into the Midday, and the catalyst looks to be the Small Caps which started to take a hit yesterday and continues today. While I am not one to advocate a trend, the trend at this stage is clearly still bullish going into this earnings...
-
Alcoa Reports Better Than Expected Earnings
Thursday, October 7, 2010 - 4:18pm | 143Alcoa (NYSE: AA) reported $5.2 billion in Q3 revenue to go with earnings 9 cents per share, and this beat expectations. Analysts had expected 6 cents per share on $4.96 billion in revnues. CEO Klaus Kleinfeld was positive on the quarter. "We enhanced our liquidity, improved our balance sheet,...
-
Earnings Preview: Alcoa Inc. (AA)
Thursday, October 7, 2010 - 1:42pm | 325Alcoa Inc. (NYSE: AA) is currently lower on the session by 1.21%, trading at $12.22. The company is scheduled to report earnings today, after the closing bell. • Estimates The Street is looking for Q3 earnings per share of $0.06 on revenue of $4.95 billion. These estimates have fallen by $0.11 (-...
-
Alcoa (AA): 5 Reasons to be Bullish
Thursday, October 7, 2010 - 12:45pm | 1921.Alcoa's joint venture, named Ma'aden and based Saudi Arabia, looks to extremely cost-efficient due strong in-place infrastructure and cheap natural gas. The project should be operational by 2014. 2.Alcoa's profitability should continue to improve with the global economic recovery, which so far...
-
Alcoa (AA): 5 Reasons to be Bearish
Thursday, October 7, 2010 - 12:43pm | 1781.Even a slight increase in volume coming from the restart of smelters and the entrance of new competitors could limit the potential price increase of aluminum over the coming years. 2.The prospects for more expansionary projects remains limited as competition increases for the few bauxite rich...
-
Alcoa (AA): 5 Reasons to be Bearish
Thursday, October 7, 2010 - 12:42pm | 1781.Even a slight increase in volume coming from the restart of smelters and the entrance of new competitors could limit the potential price increase of aluminum over the coming years. 2.The prospects for more expansionary projects remains limited as competition increases for the few bauxite rich...
-
Stocks That Will Fall On A Stronger Dollar
Thursday, October 7, 2010 - 12:09pm | 426With the minor Dollar reversal today, one has to wonder if the U.S. Dollar has bottomed in the short term. It is very oversold at these levels. If this is the case, there are many stocks that should fall back down after meteoric runs. A stronger Dollar means in general, stock prices will fall...