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Morgan Stanley Gives Color On Alcoa Following Recent Earnings Report
Tuesday, April 12, 2011 - 6:21am | 165Alcoa (NYSE: AA) reported 1Q11 EPS of $0.27, or $0.28 adjusted for special items; this was slightly ahead of Morgan Stanley's $0.26 estimate and in line with consensus at $0.27. While the absence of a stronger beat may lead to profit taking following a strong run in the shares recently, Morgan...
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Citi Raises Estimates On Alcoa
Tuesday, April 12, 2011 - 6:21am | 57According to Citi, Alcoa (NYSE: AA) estimates are raised for 1Q beat. Citi reported that after incorporating 1Q results and guidance, it is raising its 2011 estimate slightly to $1.27 from $1.24, maintaining estimates for 2012-13 at $1.35. “Our aluminum price forecasts are $1.17/lb, $1.19/lb, and...
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BMO Capital Downs Alcoa To Underperform
Tuesday, April 12, 2011 - 5:33am | 49Analysts at BMO Capital downgrade Alcoa Inc (NYSE: AA) from “market perform” to “underperform.” The target price for Alcoa is set to $15. AA shares fell 0.84% to close at $17.77 yesterday. More Analyst Ratings here
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US Stock Futures Signal Lower Start On Wall Street; Alcoa Shares Drop In Pre-Market Trading
Tuesday, April 12, 2011 - 5:28am | 385US stock futures are lower this morning, as Alcoa Inc (NYSE: AA) reported disappointing Q1 sales. Japanese government raised its status of the ongoing crisis at the Fukushima Daiichi nuclear power plant to 7. Futures on the Dow Jones Industrial Average dipped 49 points to 12,272.00 and futures on...
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Market Waits for First Round of Earnings 04-11-2011
Monday, April 11, 2011 - 3:51pm | 1005Cusick's Corner This is the week that the market gets to focus on corporate earnings (with some high expectations) and not on headlines like the EU debt crisis or tectonic shifts in Asia. This does not mean that the prospect of market volatility has increased -- as you can see from the anemic...
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Alcoa Resumes Trading (AA)
Monday, April 11, 2011 - 3:33pm | 13Alcoa Resumes Trading (NYSE: AA)
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Alcoa Reports EPS of $0.28 vs. $0.27; Revenues $5.96B vs. $6.06B
Monday, April 11, 2011 - 3:06pm | 19Alcoa (NYSE: AA) Reports EPS of $0.28 vs. $0.27; Revenues $5.96B vs. $6.06B
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Alcoa 'Is Well On Track To Meet The Company's 2011 Fincl Targets' (AA)
Monday, April 11, 2011 - 3:06pm | 21Alcoa 'Is Well On Track To Meet The Company's 2011 Fincl Targets' (NYSE: AA)
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Aloca Reaffirms 2011 Global Aluminum Demand Growth 12% (AA)
Monday, April 11, 2011 - 3:04pm | 16Aloca Reaffirms 2011 Global Aluminum Demand Growth 12% (NYSE: AA)
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Markets Weaker Into Alcoa's Earnings (AA, SPY, DIA, QQQ)
Monday, April 11, 2011 - 2:47pm | 89The broader markets are selling off here with about 15 minutes left to go in Monday trading, as oil prices fall more than $2 per barrel. Traders will be watching Alcoa's (NYSE: AA) earnings release after the bell today, as it's the official start of earnings season. At last check, the Dow was off...
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How To Trade Alcoa's Earnings (AA, ACH, RIO)
Monday, April 11, 2011 - 1:44pm | 243Aluminum giant Alcoa (NYSE: AA) is set to kick off earnings season tonight, and analysts and Wall Street will be looking for guidance on inflation, and input costs, as aluminum is the most energy intensive commodity to produce. Wall Street analysts will be looking for earnings of 27 cents on $6.07...
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Stocks Mixed as Market Eyes Start of Earnings
Monday, April 11, 2011 - 12:58pm | 162(TheStreet) -- Stocks held mostly higher Monday, although the Nasdaq wavered in and out of positive territory, as investors cheered a wave of deals news and looked ahead to the start of earnings season with Alcoa(AA) results due after the closing bell. The Dow Jones Industrial Average was up by 40...
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Going Nowhere Fast
Monday, April 11, 2011 - 12:46pm | 645Today is the upteempth time the past few weeks where the market gapped up and/or started strong, only to listlessly trade during the trading session, often in negative fashion. But the action during regular normal hours is being masked by the premarket jumps. Whatever the case, the market is...
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Pre-market News and Views
Monday, April 11, 2011 - 8:22am | 287This morning the S&P 500 e-mini futures(ES M1) are trading higher by 2.00 points to 1325.75 per contract. The catalyst for the move higher in the futures is likely due to the decline is oil prices this morning. WTI oil is declining by $1.23 to $111.56 a barrel. Rumors are circulating that...