Aluminum

Alcoa (NYSE: AA) today announced the pricing of its public offering of $1,250,000,000 aggregate principal amount of 5.40% Notes due April 15, 2021. The offering is expected to close on or about April 21, 2011.

Cusick's Corner In action overnight -- the Nikkei was very strong, plus earnings solid -- JPM beats. This supports the bulls at this stage but the market is waiting to hear the President's outline for the budget. One thing that the markets will be listening for is tax code changes, specifically...

Alcoa (NYSE: AA) announced today it will seek to enhance the maturity profile of its debt through tender offers for two series of outstanding notes and a concurrent public offering of senior unsecured debt securities. Alcoa has commenced tender offers to purchase for cash: Any and all of its 5....

Cusick's Corner Uncertainty -- the market is trading with little conviction and is below the 50-Day Moving Average, which means trading below mid-term support and looking a little uncertain. JPM is reporting earnings tomorrow and they could give a potential boost to the lagging Financials. Tech...

Today wasn't quite the start to earnings season that investors were hoping for.  The S&P 500 declined 78 basis points on the day, and Alcoa (AA), whose report always marks the start to earnings season, declined 6.02%.  So what does ... Go to http://SwingTradingDaily.com for full article,...

Alcoa (NYSE: AA) reported quarterly earnings last night that did not live up to investors expectations, and the shares fell sharply today. It's time to lower the bar once again for Alcoa. At this point, I'm not sure that an ant can't get under that bar. BrightSource Energy Inc. received $168...

Cusick's Corner As I look at the market and its current state, I turn to those offensive sectors as a gauge of strength -- XLF, XLE, QQQQ, and XLY. Financials and Energy have been lagging the recent run up and now are challenged. It is notable that all four of these sectors are in the red. So...

Shares of Molycorp, Inc. (NYSE: MCP) have retraced all their losses today, after shares dropped sharply this morning on news that Chinalco (NYSE: ACH) had been granted rare earth mining rights in China. At last check, shares of Molycorp were trading at $71.94, a gain of 6 cents. Shares had been...

Shares of Fastenal Co (NASDAQ: FAST) fell about 1.9% after the company reported a 42% rise in its Q1 net earnings. The company's earnings came in at $79.5 million, or $0.54 per share, up from $56 million, or $0.38 per share, in the year-earlier period. The company's sales increased 23% to $640.6...

Dahlman Rose is out with its report today on Alcoa (NYSE: AA), reaffirming Buy. In a note to clients, Dahlman Rose writes, "Alcoa reported 1Q11 EPS results that were slightly ahead of our and the consensus estimate. We are slightly increasing our full year 2011 EPS estimate to $1.30. We maintain...

Best 1) Excelixis (NASDAQ: EXEL): Trading up 11.67% to $12.34 after a report came out saying that the company is working Goldman Sachs (NYSE: GS) to prepare for takeover offers. The action is in response to a positive study regarding its experimental prostate-cancer drug. 2) Kit digital (NASDAQ:...

Medivation Inc (NASDAQ: MDVN) was downgraded by Roth Capital from "buy" to "neutral." MDVN's shares closed at $20.48 yesterday. Medivation's trailing-twelve-month ROE is -206.55%. Jefferies downgraded WMS Industries Inc (NYSE: WMS) from “buy” to “hold.” WMS' stock closed at $36.22 yesterday. WMS...

According to Deutsche Bank, Alcoa (NYSE: AA) 1Q11 EPS meets, though its upstream volumes are light. Deutsche Bank reported that Alcoa posted 1Q11 normalized dil. EPS of $0.28, in-line with DB of $0.28 and Bloomberg consensus of $0.27, on strong performance from Alumina, Flat Rolled and Engineered...

Pre-open movers US stock futures are lower this morning, as Alcoa Inc (NYSE: AA) reported disappointing Q1 sales. Futures on the Dow Jones Industrial Average dipped 55 points to 12,266.00 and futures on the S&P 500 stock index fell 7.30 points to 1,312.30. Nasdaq 100 futures dropped 10.50...

Goldman Sachs has issued a report raising the 1Q11 EPS estimates for Alcoa (NYSE: AA). According to the report, “Alcoa reported 1Q11 adjusted EPS of $0.28 versus GS estimate of $0.28 and consensus estimate of $0.27. The effective tax rate of 27% versus our estimate of 30% contributed about $0.01...