Alcoa (AA)

[winston]

Aluminum miner Alcoa slides more than 25%.

[winston]

3 Alcoa Inc (AA) Results That You Shouldn’t Overlook

After digging deeper into the AA data, last quarter was even more alarming than most investors realize

By James Brumley

Source: Investor Place

http://investorplace.com/2016/04/alcoa- ... w3RnzB96M8

[winston]

not vested

Alcoa Inc (NYSE: AA)

Alcoa Inc. engages in engineering and manufacturing lightweight metals worldwide.

The company operates through five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transport and Construction Solutions.

Source: Today's Big Stock

http://todaysbigstock.com/2016/07/01/al ... nyse-aa-2/

[winston]

AA Stock: Alcoa Inc Heading for a Move — But in Which Direction?

There's likely a move coming in AA stock, but the direction isn't clear

By Rick Rouse

Source: Momentum Options

http://investorplace.com/2016/07/aa-sto ... 4Dqw7h96M8

[winston]

Low aluminum prices hurt Alcoa second-quarter profit

BY NICK CAREY

Alcoa reiterated its forecast for global automotive production growth in 2016 of 1 percent to 4 percent, but said continued weakness in the North American market would offset anticipated growth in heavy-duty truck, trailer and bus production in China.

Source: Reuters

http://www.reuters.com/article/us-alcoa ... r%20Update

[winston]

not vested

ANOTHER 'BAD TO LESS BAD' WINNER

Today's chart highlights one of our favorite strategies at work...

Longtime readers know Steve Sjuggerud coined the term "bad to less bad trading" years ago. The idea is simple: If you buy assets that have been left for dead, you can make massive profits as the market returns to normal – that is, as things simply get "less bad."

Right now, we can see a "bad to less bad" move in shares of aluminum giant Alcoa (AA). From September 2014 to November 2015, aluminum prices fell more than 30%.

Investors gave up on aluminum producers like Alcoa. Shares fell more than 60% from peak to trough.

But aluminum prices have started to recover. And as things have gotten "less bad," AA shares have exploded. They're up more than 75% over the past year, and just hit a new 52-week high.

Sentiment is improving in the aluminum sector, but this trend still has a long way to go...

Source: Daily Wealth

[winston]

not vested

Stocks to Buy: Alcoa (AA)

Pennsylvania-based Alcoa Corp (NYSE:AA) is the world’s sixth largest producer of aluminum with locations all over the world.

The stock is catching the attention of investors following a bullish upgrade from Credit Suisse.

On Dec. 20, five-star Credit Suisse analyst Curt Woodworth ramped up his price target from $42 to $61. This now suggests 22% upside potential from the current price.

Woodworth is anticipating that tighter aluminum supply will push up prices due to alumina and bauxite closures.

“We note three smelters curtailed production last week, and the government is set to sharply increase inspections in January. We expect the aluminum market to tighten into late 1Q-18 as downstream demand sharply recovers.” Plus, China’s increased commitment to environmental policy will further curtail supply according to Woodworth.

Overall, AA has a ‘Strong Buy’ rating, with only buy ratings from top analysts in the last three months. At the same time, the average analyst price target of $60 stands at 20% upside from the current share price.

Source: Investor Place

[winston]

not vested

Alcoa -6% after earnings miss but analysts mostly remain upbeat

Alcoa (NYSE:AA) -6.2% pre-market after Q4 earnings missed estimates, citing a drought in Brazil that hurt bauxite production and higher power prices in Spain that raised expenses.

“We have lower than expected global alumina segments due to weather delays and difficulties with shipload,” CEO Roy Harvey said in an earnings conference call, noting the results came in ~$50M lower than the company’s expectations.

AA said it does not expect U.S tax reforms to have a material impact on 2018 results, and announced plans to freeze its pension.

But J.P. Morgan's Michael Gambardella keeps his rating at Overweight and raises his price target to $68 from $55, believing AA will start looking to return cash to shareholders as long as alumina and aluminum prices hold, and the stock possibly could be added to the S&P 500 in the next few months.

Cowen analysts raise their AA price target to $59 from $51 while keeping its rating at Market
Perform, but BofA Merrill Lynch trims its target to $63 from $67.

Source: Investing.com

https://www.investing.com/news/stock-ma ... at-1120327

[winston]

not vested

Strong Buy Stock: Alcoa (AA)

Is It Time to Buy the Dip in AA Stock?

High-flying aluminum stock Alcoa Corporation (NYSE:AA) is a great buy right now. The stock has the seal of approval from both bloggers and the Street. Indeed we can see that blogger sentiment is 100% bullish with positive articles from publications across the board.

This upbeat mood comes on the back of the company’s stellar Q1 earnings results and guidance. For the quarter, AA announced profit of 77 cents per share and revenue of $3.09 billion. These figures easily exceeded consensus expectations of 70 cents and $3.08 billion respectively.

Berenberg Bank explains in its mining report: “The confluence of current events (trade actions, sanctions and supply disruptions) has created highly favorable trading environments for Alcoa.”

Encouragingly, top blogger IP.com’s James Brumley believes that “things could get even better for Alcoa as the year progresses.” The company is projecting a full-year 2018 global deficit for both alumina and aluminum.

In the recent earnings call, AA revealed that: “Due to delays in projects to expand smelters in China, the Company expects the global aluminum deficit to grow to between 600,000 – 1 million metric tons, up from last quarter’s deficit estimate of between 300,000 – 700,000 metric tons.” Meanwhile global aluminum demand is due to rise 4.25 to 5.25%.

And this tightening aluminum market further strengthens AA’s pricing power. As a result, management has upgraded 2018 guidance and signaled their intention to return cash to shareholders in Q2.

Source: Investor Place

[winston]

not vested

Stocks to Buy: Alcoa (AA)

Pennsylvania-based Alcoa Corp (NYSE:AA) is the world’s sixth largest producer of aluminum with locations all over the world. The stock is catching the attention of investors following a bullish upgrade from Credit Suisse.

On Dec. 20, five-star Credit Suisse analyst Curt Woodworth ramped up his price target from $42 to $61. This now suggests 22% upside potential from the current price. Woodworth is anticipating that tighter aluminum supply will push up prices due to alumina and bauxite closures.

“We note three smelters curtailed production last week, and the government is set to sharply increase inspections in January. We expect the aluminum market to tighten into late 1Q-18 as downstream demand sharply recovers.” Plus, China’s increased commitment to environmental policy will further curtail supply according to Woodworth.

Overall, AA has a ‘Strong Buy’ rating, with only buy ratings from top analysts in the last three months. At the same time, the average analyst price target of $60 stands at 20% upside from the current share price.

Source: Investor Place