-
Goldman Sachs Says Buy Alcoa
Tuesday, July 12, 2011 - 7:32am | 168Read More...Goldman Sachs has a Buy rating and a $22 price target on shares of Alcoa (NYSE: AA) after it reported earnings last night. In a night to clients, Goldman Sachs writes, "Alcoa reported 2Q11 adjusted EPS of $0.32, in line with GS and the consensus estimate. The effective tax rate of 26% versus our...
-
Dahlman Rose Reiterates Buy on Alcoa
Tuesday, July 12, 2011 - 7:31am | 78Read More...Dahlman Rose is out with its report today on Alcoa (NYSE: AA), reiterating Buy. In a note to clients, Dahlman Rose writes, "Alcoa reported 2Q11 results that were largely in line with our estimates and slightly below consensus. We are maintaining our full year 2011 and 2012 estimates and...
-
US Stock Futures Down On Italy Debt Fears
Tuesday, July 12, 2011 - 5:37am | 305Read More...US stock futures are lower this morning, as debt fears moved to Italy. Futures on the Dow Jones Industrial Average dropped 101 points to 12,388.00 and futures on the S&P 500 stock index fell 14.10 points to 1,304.50. Nasdaq 100 futures declined 20.75 points to 2,346.25. US stocks closed lower...
-
Alcoa Earnings: Margins Keep Growing, Net Income Climbs
Monday, July 11, 2011 - 6:43pm | 327Read More...Strong revenue helped Alcoa (NYSE: AA) see its net income grow in the most recent quarter, mainly due to climbing revenue. To figure out why, let's first dig into the numbers. Then we can look a bit deeper and see what steps you can take. The Big Numbers: The company reported EPS of 28 cents/...
-
Alcoa Projects Aluminum Demand to Grow 12% for the Year
Monday, July 11, 2011 - 4:10pm | 80Read More...Alcoa (NYSE: AA) projects continued growth in all major end markets on a global basis, including aerospace (7 percent), automotive (4-8 percent), commercial transportation (7-12 percent), packaging (2-3 percent), building and construction (1-3 percent), and industrial gas turbines (5-10 percent...
-
Alcoa Misses Earnings, Stock Higher After Hours
Monday, July 11, 2011 - 4:07pm | 161Read More...Shares of Alcoa (NYSE: AA) are higher in after-hours trading despite the company reported quarterly earnings that missed earnings estimates. The company reported earnings of 32 cents per share on $6.6 billion in revenues. Wall Street had been expecting earnings of cents per 34 share on $6.32...
-
Stocks At Session Lows, Key Technical Levels Broken
Monday, July 11, 2011 - 3:14pm | 113Read More...Stocks have continued to sell off since the opening bell, as traders begin to assess how big of an issue Italy may just become. As such, stocks are at their lows of the day, and could see additional selling pressure in the last 45 minutes of trading. At last check, the Dow was off 180 points, the...
-
Earnings Preview Alcoa & How To Trade It
Monday, July 11, 2011 - 2:21pm | 229Read More...Alcoa (NYSE: AA) is set to report earnings tonight after the bell, and the whole world will be watching Alcoa, as the aluminum-maker is seen as a proxy for the global economy. Alcoa, which produces aluminum, is seen as a strong indicator for the global economy, as aluminum is used in many...
-
Bull & Bear: Alcoa
Monday, July 11, 2011 - 2:07pm | 249Read More...Shares of Alcoa (NYSE: AA) are trading lower on the session by 2.38%, at $15.99. With the company set to report earnings after the bell today, you have to wonder where shares could head next… Bulls: The bulls will note that, due to the recent rally, shares are trading above the 18-day and 200-day...
-
Alcoa Down 3% Ahead of the Earnings
Monday, July 11, 2011 - 10:37am | 50Read More...Alcoa (NYSE: AA) is down 3% ahead of the quarterly earnings that the company is expected to report today after the close. The analysts are expecting Alcoa to report EPS of $0.34 and revenues of $6.32 billion. The shares are currently trading $15.84, a loss of 3.30%.
-
US Stock Futures Signal Lower Start On Wall Street
Monday, July 11, 2011 - 6:52am | 203Read More...US stock futures are lower this morning, as debt fears moved to Italy. Futures on the Dow Jones Industrial Average dropped 86 points to 12,529.00 and futures on the S&P 500 stock index fell 12.50 points to 1,329.30. Nasdaq 100 futures declined 24.00 points to 2,384.50. US stocks closed lower...
-
Earnings Scheduled For July 11
Monday, July 11, 2011 - 4:30am | 99Read More...Alcoa Inc (NYSE: AA) is projected to report its Q2 EPS at $0.34 on revenue of $6.32 billion. PacWest Bancorp (NASDAQ: PACW) is expected to report its Q2 EPS at $0.27 on revenue of $70.63 million. Infosys Limited (NASDAQ: INFY) is estimated to report its Q1 EPS at $0.64 on revenue of $1.65...
-
Stocks To Watch For July 11
Monday, July 11, 2011 - 4:15am | 199Read More...Some of the stocks that may grab investor focus today are: Wall Street expects Alcoa Inc (NYSE: AA) to report its Q2 EPS at $0.34 on revenue of $6.32 billion. Alcoa shares dropped 0.67% to close at $16.38 on Friday. Lonza Group Ltd announced its plans to buy Arch Chemicals Inc (NYSE: ARJ) in an...
-
How to Lose Money: Buy Stocks With "China" In the Name
Friday, July 8, 2011 - 4:12pm | 274Read More...The recent collapse in the share price of Chinese reverse mergers is at this point widely known. But, what if investors had simply purchased a basket of companies with the name "China" somewhere in the security? Here are the performances of securities on the NYSE, containing the word "China,"...
-
A Look Ahead: Next Week's ETFs To Watch
Friday, July 8, 2011 - 3:59pm | 508Read More...A dismal June jobs number put a dent, albeit small, in the recent rally delivered by stocks and that is the big headline grabber to end this holiday-shortened week, but there is more...much more. Heading into the weekend, there are fresh and ominous concerns regarding Europe's sovereign debt woes...

