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“Stop Trading!” Jim Favors YUM and SMG
Tuesday, July 13, 2010 - 5:16am | 251In his “Stop Trading!” segment on CNBC, Jim Cramer mentioned that Alcoa (NYSE: AA) reminds him of “the housing numbers and is a buzz kill on the start of earnings season.” He feels that the company is managed poorly and traders should dump the stock. Jim said he is looking for a loss from AA. "...
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ALCOA REPORTS IN-LINE EPS, MISSES REVENUES
Monday, July 12, 2010 - 7:57pm | 514ALCOA REPORTS IN-LINE EPS, MISSES REVENUES Courtesy of The Pragmatic Capitalist I don’t want to place too much emphasis on the Alcoa earnings, but their report highlights some of the potential risks that have been baked into equity prices. Alcoa reported a solid quarter by almost any measure. ...
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Did Alcoa and CSX Kill The Double Dip Thesis? (AA, CSX)
Monday, July 12, 2010 - 6:55pm | 203Did second quarter earnings reports from Alcoa (NYSE: AA) and CSX Corporation (NYSE: CSX) after the bell today kill the "Double Dip" argument? Both companies are seen as economic bellweathers: Alcoa's aluminum is used in packaging, autos and aerospace while CSX hauls everything from metals to...
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Benzinga's After Hours Gainers (MBI, AA, ESV, FCX)
Monday, July 12, 2010 - 6:42pm | 211Among the notable stocks that are moving higher in the after hours trading session are MBIA (NYSE: MBI), Alcoa (NYSE: AA), Ensco (NYSE: ESV) and Freeport-McMoran (NYSE: FCX). MBIA (MBI) shares have risen 7.31% to $6.90 after Bruce Berkowitz's Fairholme Capital Management disclosed an 11.1% stake...
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Big Money Yet to Buy Into July Rally 07-12-2010
Monday, July 12, 2010 - 6:40pm | 668Cusick’s Corner The major indices held up into the After Hours, minus the small caps like RUT. This does not totally dampen the potential for upside, but it is putting traders a little more on the alert. Alcoa (AA) announced and beat by a penny but the market in the After Hours is muted,...
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Digging Behind Alcoa’s Optimism: Company Posts Second Lowest Quarterly CapEx Spend in Years
Monday, July 12, 2010 - 5:54pm | 753Digging Behind Alcoa’s Optimism: Company Posts Second Lowest Quarterly CapEx Spend In Years Courtesy of Tyler Durden For those computers that buy and sell stocks on a little more than just headline news, they may be interested to note just how Alcoa really feels about its business prospects. While...
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Alcoa Driving Metals Higher (AA, X, FCX, CENX)
Monday, July 12, 2010 - 4:49pm | 105Alcoa (NYSE: AA) led off earnings season with a nice top and bottom-line beat. Revenue rose 22% year over year to $5.19 billion versus the $5.05 billion consensus. Earnings came in at 13 cents per share, a penny ahead of expectations. In after hours trading shares of Alcoa jumped 3.5% to $11.27....
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Alcoa Beats Earnings Estimates (AA)
Monday, July 12, 2010 - 4:29pm | 200Alcoa (NYSE: AA) announced second quarter earnings after the closing bell Monday, exceeding Wall Street estimates. The company reported income from continuing operations of $137 million or $0.13 per share compared with a loss of $194 million or $0.19 per share in the year ago period. Wall Street...
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Benzinga's Top ETF Gainers (BZQ, DTO, SCO, SMN)
Monday, July 12, 2010 - 4:22pm | 172ProShares UltraShort MSCI Brazil (NYSE: BZQ) gained 5.16% today, as Brazilian stocks struggled. Petroleo Brasileiro SA (ADR) (NYSE: PBR) fell 1.70%, and Vale (ADR) (NYSE: VALE) dropped 4.14%. PowerShares DB Crude Oil Double Short ETN (NYSE: DTO) traded 3.59% higher, as oil fell approximately 2%....
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Alcoa Beats; Ups Global Forecast (AA)
Monday, July 12, 2010 - 4:19pm | 178Shares of Alcoa Inc. (NYSE: AA) are flat in the after-hours session after the company said that Q2 EPS came in at $0.13 per share on revenue of $5.2 billion. This beat the Street estimates of $0.12 per shares on revenue of $5.05 billion; the report significantly beat the whisper number, which was...
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Earnings Season Kicks Off 07-12-2010
Monday, July 12, 2010 - 2:52pm | 765Cusick’s Corner Hope you all had a good weekend and are well rested for the kick off of the Q2 earnings season which is shaping up to be a busy one. The market looks to be content at this stage to stay in a tight, whippy range in front of the earnings announcements, but after last week’s action to...
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Alcoa In The Red Ahead Of Earnings
Monday, July 12, 2010 - 1:37pm | 107Shares of Alcoa Inc (NYSE: AA) are trading in the red. The company is set to announce its quarterly earnings report within a few hours, when market closes for the day. The aluminum producer’s shares are down 33% so far this year, making it the biggest loser on the Dow Jones Industrial Average....
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Alcoa: It's All About the Aluminum Outlook
Monday, July 12, 2010 - 1:15pm | 177PITTSBURGH, Pa.(TheStreet) -- Analysts have been busy in recent weeks lowering expectations ahead of Alcoa's(NYSE: AA) earnings, but the bigger issue for investors is the Street divide over whether the situation will get worse before it gets better for the U.S. industrial bellwether. Alcoa is the...
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Markets Weak Ahead Of Earnings
Monday, July 12, 2010 - 12:30pm | 376After a monster rally last week, the markets seem to be pulling back slightly on extremely light volume. The SPDR S&P 500 ETF (NYSE: SPY) is down half of one percent on the day. Last week the markets surged for a five percent gain. This coincided with the upcoming options expiration this week...
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Earnings Season Survival Guide
Monday, July 12, 2010 - 11:56am | 2021Buy, sell, hold? The days of reckoning are upon us! So earnings season officially kicks off today with Alcoa’s (NYSE:AA) report. CSX Corporation (NYSE:CSX) and Novellus Systems (NASDAQ:NVLS) are on today’s schedule as well. As I write this at 6:00 a.m. Monday morning, futures in the S&...