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1700.0
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2012-01-09 00:00:00 UTC
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Largest option buying in equities so far
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AA
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https://www.nasdaq.com/articles/largest-option-buying-equities-so-far-2012-01-09
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nan
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nan
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Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
General Motors (GM): An investor sold 12,5000 January 20 calls for $2.95 and bought an equal number of February 20 calls for $3.20, seeking to ride the shares higher for an additional month. GM rose 0.83 percent to $23.11.
Alcoa (AA): About 5,000 April 9 calls were purchased for $1.05 to $1.11 as investors looked for upside before tonight's earnings report. AA rose 2.42 percent to $9.38.
Bank of America (BAC): More than 15,000 January 2013 5 puts were bought as investors positioned for downside in the shares. BAC rose 1.13 to $6.25.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa (AA): About 5,000 April 9 calls were purchased for $1.05 to $1.11 as investors looked for upside before tonight's earnings report. AA rose 2.42 percent to $9.38. Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa (AA): About 5,000 April 9 calls were purchased for $1.05 to $1.11 as investors looked for upside before tonight's earnings report. AA rose 2.42 percent to $9.38.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa (AA): About 5,000 April 9 calls were purchased for $1.05 to $1.11 as investors looked for upside before tonight's earnings report. AA rose 2.42 percent to $9.38.
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AA rose 2.42 percent to $9.38. Alcoa (AA): About 5,000 April 9 calls were purchased for $1.05 to $1.11 as investors looked for upside before tonight's earnings report. GM rose 0.83 percent to $23.11.
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1701.0
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2012-01-09 00:00:00 UTC
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Opening View: DJIA Pointed Modestly Higher Ahead of Alcoa Earnings
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AA
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https://www.nasdaq.com/articles/opening-view-djia-pointed-modestly-higher-ahead-alcoa-earnings-2012-01-09
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nan
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nan
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U.S. stocks are pointed modestly higher ahead of the bell, as Wall Street awaits the unofficial start to earnings season. Specifically, Dow bigwig Alcoa ( AA ) is set to take the earnings stage after the closing bell today, in what many expect will set the tone for the oncoming onslaught of corporate reports. In the meantime, it appears investors are waxing optimistic on some merger-and-acquisition news in the pharmaceutical sector, after Bristol-Myers Squibb ( BMY ) made a hefty bid for Inhibitex ( INHX ). However, traders are also keeping a close eye on our friends across the pond, with German Chancellor Angela Merkel and French President Nicolas Sarkozy set to work out a game plan before a key meeting of European leaders later this month. Against this backdrop, the Dow Jones Industrial Average (DJIA) is trading about 27 points north of fair value, while the broader S&P 500 Index (SPX) is flirting with a 2-point gain.
In earnings news, Motorola Mobility (MMI - 57.96) offered its preliminary fourth-quarter results after the close on Friday. The company said it swung to a "modest" profit on an adjusted basis, while revenue arrived near $3.4 billion. Analysts, on average, were predicting a profit of 41 cents per share on roughly $3.9 billion in revenue. According to MMI, the "fourth-quarter results were impacted by the increased competitive environment in the mobile device business and higher legal costs associated with ongoing intellectual property ( IP ) litigations." The handset maker will report its final fourth-quarter figures on Thursday, Jan. 26. MMI is set to be acquired by Google ( GOOG ) for $12.5 billion, or $40 per share. In pre-market trading, MMI is pointed 2.3% lower.
In equities news, Bristol-Myers Squibb (BMY - 38.46) agreed to acquire Inhibitex (INHX - 9.87) for $2.5 billion in cash, or $26 per share -- representing a steep premium of about 163% to the stock's closing price of $9.87 on Friday. BMY expects the buyout to dilute its earnings through 2016, with a projected profit impact of about 4 cents and 5 cents a share for 2012 and 2013, respectively. At last check, BMY is headed 1.6% higher, while INHX is set to open with a 150% surge.
Earnings Preview
Today's earnings docket will also feature reports from Alcoa ( AA ), Acuity (AYI), Mistras Group (MG), OCZ Technology Group (OCZ), Schnitzer Steel Industries (SCHN), and Standard Microsystems (SMSC). Keep your browser at SchaeffersResearch.com for more news as it breaks.
Economic Calendar
The economic calendar kicks off today with the Fed's monthly consumer credit report. The Commerce Department's wholesale trade report is due out on Tuesday, along with the NFIB's small-business optimism index. The Fed's Beige Book report will hit the Street Wednesday, and traders will also be treated to speeches from central bankers Charles Evans, Dennis Lockhart, and Charles Plosser. Thursday brings us the weekly update on jobless claims, accompanied by Commerce Department reports on business inventories and December retail sales. The week wraps up with the mid-month Thomson Reuters/University of Michigan consumer sentiment index, plus the Labor Department's report on the trade deficit and import/export prices.
Market Statistics
Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,030,828 call contracts traded on Friday, compared to 640,839 put contracts. The resultant single-session put/call ratio arrived at 0.62, while the 21-day moving average was 0.70.
Overseas Trading
U.S. employment data
On the other hand, the major European benchmarks are mostly flat at midday, as optimism regarding fourth-quarter earnings in the U.S. was overshadowed by GlaxoSmithKine's mixed clinical trial data regarding its lung drug Relovair, which led the healthcare sector lower. Meanwhile, French and German leaders are scheduled to meet later today to discuss measures in overcoming rising unemployment and continued sovereign debt woes in various euro zone states, which also kept a few buyers on the sidelines. At last look, the German DAX and London's FTSE are both down 0.1%, and the French CAC 40 has climbed 0.4%.
Currencies and Commodities
The greenback is taking a breather this morning, with the U.S. dollar index down about 0.2%. Nevertheless, crude oil futures have continued their recent pullback, with the front-month contract last seen 0.5% lower at $101.03 per barrel. On the other hand, gold futures are trading modestly higher, with the malleable metal up 0.1% at $1,618.30 an ounce.
Unusual Put and Call Activity:
For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations .
Every morning, our research staff analyzes the prior day and the overnight markets, and monitors the morning wires to give you an accurate preview of the day to come. If you enjoyed today's edition of Opening View, sign up here for free daily delivery, straight to your inbox, before the opening bell.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Specifically, Dow bigwig Alcoa ( AA ) is set to take the earnings stage after the closing bell today, in what many expect will set the tone for the oncoming onslaught of corporate reports. Earnings Preview Today's earnings docket will also feature reports from Alcoa ( AA ), Acuity (AYI), Mistras Group (MG), OCZ Technology Group (OCZ), Schnitzer Steel Industries (SCHN), and Standard Microsystems (SMSC). However, traders are also keeping a close eye on our friends across the pond, with German Chancellor Angela Merkel and French President Nicolas Sarkozy set to work out a game plan before a key meeting of European leaders later this month.
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Specifically, Dow bigwig Alcoa ( AA ) is set to take the earnings stage after the closing bell today, in what many expect will set the tone for the oncoming onslaught of corporate reports. Earnings Preview Today's earnings docket will also feature reports from Alcoa ( AA ), Acuity (AYI), Mistras Group (MG), OCZ Technology Group (OCZ), Schnitzer Steel Industries (SCHN), and Standard Microsystems (SMSC). In equities news, Bristol-Myers Squibb (BMY - 38.46) agreed to acquire Inhibitex (INHX - 9.87) for $2.5 billion in cash, or $26 per share -- representing a steep premium of about 163% to the stock's closing price of $9.87 on Friday.
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Specifically, Dow bigwig Alcoa ( AA ) is set to take the earnings stage after the closing bell today, in what many expect will set the tone for the oncoming onslaught of corporate reports. Earnings Preview Today's earnings docket will also feature reports from Alcoa ( AA ), Acuity (AYI), Mistras Group (MG), OCZ Technology Group (OCZ), Schnitzer Steel Industries (SCHN), and Standard Microsystems (SMSC). In equities news, Bristol-Myers Squibb (BMY - 38.46) agreed to acquire Inhibitex (INHX - 9.87) for $2.5 billion in cash, or $26 per share -- representing a steep premium of about 163% to the stock's closing price of $9.87 on Friday.
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Specifically, Dow bigwig Alcoa ( AA ) is set to take the earnings stage after the closing bell today, in what many expect will set the tone for the oncoming onslaught of corporate reports. Earnings Preview Today's earnings docket will also feature reports from Alcoa ( AA ), Acuity (AYI), Mistras Group (MG), OCZ Technology Group (OCZ), Schnitzer Steel Industries (SCHN), and Standard Microsystems (SMSC). In earnings news, Motorola Mobility (MMI - 57.96) offered its preliminary fourth-quarter results after the close on Friday.
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1702.0
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2012-01-09 00:00:00 UTC
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Zacks Bull and Bear of the Day Highlights: Hilltop Holdings, AGL Resources, Alcoa, Rio Tinto and BHP Billiton - Press Releases
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AA
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https://www.nasdaq.com/articles/zacks-bull-and-bear-of-the-day-highlights%3A-hilltop-holdings-agl-resources-alcoa-rio-tinto
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nan
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For Immediate Release
Chicago, IL - January 9, 2012 - Zacks Equity Research highlights: Hilltop Holdings Inc. ( HTH ) as the Bull of the Day and AGL Resources Inc. ( GAS ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Alcoa Inc. ( AA ), Rio Tinto Plc. ( RIO ) and BHP Billiton Ltd. ( BHP ).
Full analysis of all these stocks is available at http://at.zacks.com/?id=2678 .
Here is a synopsis of all five stocks:
Bull of the Day :
We are upgrading our recommendation on Hilltop Holdings Inc. ( HTH ) to Outperform based on its sound capital position along with a risk-free balance sheet, which also paved way for resumption of share buybacks, assisting shareholders' confidence in the stock.
The company broke even in the third quarter but surpassed the Zacks Consensus Estimate of a loss and beat the year-ago results. The stability was driven by a higher-than-expected top line that benefited from improved premiums, investment income and net realized gains. However, expenses escalated on higher loss adjusted and underwriting expenses that even deteriorated the combined ratio and resulted in operating cash outflow.
Overall, Hilltop should continue to tread ahead with its strategic approach in order to capitalize on the opportunities that the markets provide on stabilization. Our six-month price target is $10.00 per share, reflecting about 0.8x our book value estimate of $12.34 per share. This is consistent with our Outperform recommendation.
Bear of the Day :
We are initiating coverage on AGL Resources Inc. ( GAS ) with an Underperform recommendation and a target price of $39. We expect shareholder sentiment towards the company to remain lukewarm, considering its investment in higher-risk unregulated operations, ongoing regulatory uncertainties and the challenging economic environment.
AGL had warned that its earnings will suffer in 2011 due to lower results at the wholesale segment. Additionally, the inclusion of the shipping operations (post Nicor acquisition) has left AGL with a weak business, thereby heightening its risk profile.
Considering these factors, we see little reason for investors to own the stock and, therefore, we initiate the company with an Underperform recommendation. Our $39 price objective reflects a 2012 P/E multiple of 12.5x.
Latest Posts on the Zacks Analyst Blog :
Earnings Preview: Alcoa
Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012.
Alcoa Inc. reported adjusted earnings per share of 15 cents per share, missing the Zacks Consensus Estimate of 22 cents per share. Adjusted earnings more than doubled from 6 cents per share reported in the year-ago quarter, but were down 46.4% than the sequential quarter earnings of 28 cents per share due to lower metal prices, seasonal factors and weakness in Europe.
With respect to earnings surprises, the company was behind the Zacks Consensus Estimate in the trailing two quarters. Moreover, Alcoa was ahead of the Zacks Consensus Estimate in the first quarter of 2011 and fourth quarter of 2010. This is reflected in the average earnings surprise of -7.00%, with negative surprises in two quarters and positive in two.
Agreement of Estimate Revisions
For the fourth quarter of 2011, five out of 11 analysts covering the stock have made a downward revision in the last 30 days and 2 amongst them have made a downward revision in the last 7 days. None of the analysts have made any upward revision in the last 30 days.
Magnitude of Estimate Revisions
The fourth quarter 2011 estimate was 17 cents per share in the last 30 days and inched down 2 cents to 15 cents per share in the last 7 days. Recently, it dropped again by 1 cent to 14 cents per share. The Zacks Consensus Estimate for the fourth quarter is 83.33%, down from the year-ago quarter.
Alcoa Cuts Smelting Capacity
Just a few days before its earnings release, Alcoa announced its plans to slash its global smelting capacity by 12%. Therefore, the company became the first producer to take instant action to slash costs amid a steep drop in metal prices. The move will result in a restructuring charge in the fourth quarter and will push the U.S. producer into its first loss in nine quarters. The reduction in costs is likely to boost prices.
The company will permanently close its smelter in Alcoa, Tennessee, which was curtailed in 2009, along with two of the six idled potlines at its Rockdale, Texas smelter.
The curtailments, to be announced in the near future, will reduce Alcoa's global smelting capacity by an additional 240,000 metric tons, or about 5%.
The curtailments are expected to be complete by the first half of 2012. Alcoa's alumina production will be reduced across the global refining system to reflect the final curtailments in smelting as well as prevailing market conditions. The curtailments will contribute to the company's long-term goal of lowering Alcoa's position on the world aluminum production cost curve by 10 percentage points.
Total restructuring-related charges for the fourth quarter of 2011 are expected to be between $155 million and $165 million after-tax, or $0.15 to $0.16 per share, of which approximately 60% is non-cash.
Our Take
Growing demand for aluminum beverage cans in China, Europe, and the Middle East will offset flat to declining markets in the United States and will drive overall packaging market in the range of 2% to 3% in 2011 compared to 2010. The recovery in the industrial gas turbine market continues to support a brighter long-term outlook and a 2011 growth projection of 5% to 10%.
The building and construction market continues to struggle in North America and Europe, leading to a growth projection of 1% to 3%, primarily due to continued strength in non-residential construction in China.
The outlook for commercial transportation is mixed, with a weaker second half of 2011, driven primarily by lower sales in Europe and China, offset by strong first-half results and continued gains in the North American market. Alcoa projects heavy truck and trailer sales to range from flat
to 2% growth over 2010.
Currently, Alcoa has a short-term (1 to 3 months) Zacks #3 Rank (Hold rating) and a long-term (6 months) Neutral recommendation.
Alcoa faces stiff competition from Rio Tinto Plc. ( RIO ) and BHPBilliton Ltd. ( BHP ).
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649 .
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=7158 .
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Zacks.com is a property of Zacks Investment Research , Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank , which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment
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ALCOA INC ( AA ): Free Stock Analysis Report
BHP BILLITN LTD ( BHP ): Free Stock Analysis Report
AGL RESOURCES ( GAS ): Free Stock Analysis Report
HILLTOP HLDGS ( HTH ): Free Stock Analysis Report
RIO TINTO-ADR ( RIO ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, Zacks Equity Research provides analysis on Alcoa Inc. ( AA ), Rio Tinto Plc. Latest Posts on the Zacks Analyst Blog : Earnings Preview: Alcoa Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012. 9339 support@zacks.com http://www.zacks.com ALCOA INC ( AA ): Free Stock Analysis Report BHP BILLITN LTD ( BHP ): Free Stock Analysis Report AGL RESOURCES ( GAS ): Free Stock Analysis Report HILLTOP HLDGS ( HTH ): Free Stock Analysis Report RIO TINTO-ADR ( RIO ): Free Stock Analysis Report To read this article on Zacks.com click here.
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In addition, Zacks Equity Research provides analysis on Alcoa Inc. ( AA ), Rio Tinto Plc. Latest Posts on the Zacks Analyst Blog : Earnings Preview: Alcoa Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012. 9339 support@zacks.com http://www.zacks.com ALCOA INC ( AA ): Free Stock Analysis Report BHP BILLITN LTD ( BHP ): Free Stock Analysis Report AGL RESOURCES ( GAS ): Free Stock Analysis Report HILLTOP HLDGS ( HTH ): Free Stock Analysis Report RIO TINTO-ADR ( RIO ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Latest Posts on the Zacks Analyst Blog : Earnings Preview: Alcoa Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012. 9339 support@zacks.com http://www.zacks.com ALCOA INC ( AA ): Free Stock Analysis Report BHP BILLITN LTD ( BHP ): Free Stock Analysis Report AGL RESOURCES ( GAS ): Free Stock Analysis Report HILLTOP HLDGS ( HTH ): Free Stock Analysis Report RIO TINTO-ADR ( RIO ): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, Zacks Equity Research provides analysis on Alcoa Inc. ( AA ), Rio Tinto Plc.
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In addition, Zacks Equity Research provides analysis on Alcoa Inc. ( AA ), Rio Tinto Plc. Latest Posts on the Zacks Analyst Blog : Earnings Preview: Alcoa Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012. 9339 support@zacks.com http://www.zacks.com ALCOA INC ( AA ): Free Stock Analysis Report BHP BILLITN LTD ( BHP ): Free Stock Analysis Report AGL RESOURCES ( GAS ): Free Stock Analysis Report HILLTOP HLDGS ( HTH ): Free Stock Analysis Report RIO TINTO-ADR ( RIO ): Free Stock Analysis Report To read this article on Zacks.com click here.
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1703.0
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2012-01-09 00:00:00 UTC
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A Slow Week to Bring Back Euro Concerns? - Analyst Blog
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AA
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https://www.nasdaq.com/articles/slow-week-bring-back-euro-concerns-analyst-blog-2012-01-09
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nan
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nan
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Stocks were a lot less enthusiastic to last week's labor market reports than would otherwise have been expected, likely reflecting lingering concerns about Europe. The going is expected to be even tougher this week as theeconomic calendaris relatively thin and the fourth quarter reporting season just gets underway. This means that Europe will remain in the spotlight, with headlines from the region moving the market.
The only notable economic report this week is the December Retail Sales reading on Thursday. Other than that, we will have International Trade data on Friday and the Jobless Claims numbers on Thursday. The fourth quarter reporting season gets underway with Alcoa's ( AA ) results after the close today. But the only other notable earnings report the rest of this week is from J.P. Morgan ( JPM ) on Friday.
Earnings expectations remain quite low at this stage, reflecting the maturity of the earnings cycle, developments in Europe and the slowdown in China and other emerging markets. With aggregate margins reaching prior cyclical peak levels and top-line gains getting difficult to come by given the tougher nominal global growth backdrop, the growth numbers for the fourth quarter are expected to be much lower than what we have been seeing thus far in this earnings cycle.
In corporate news, Bristol-Myers Squibb ( BMY ) is acquiring Inhibitex ( INHX ), the developer of hepatitis-C, for $2.5 billion in cash. The all-cash offer works out to a very generous 163% premium to Inhibitex's Friday closing price. Shares of Idenix Pharmaceuticals ( IDIX ) are also expected to be in the spotlight after the company announced positive results from its hepatitis C clinical trial.
ALCOA INC ( AA ): Free Stock Analysis Report
BRISTOL-MYERS ( BMY ): Free Stock Analysis Report
JPMORGAN CHASE ( JPM ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The fourth quarter reporting season gets underway with Alcoa's ( AA ) results after the close today. ALCOA INC ( AA ): Free Stock Analysis Report BRISTOL-MYERS ( BMY ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks were a lot less enthusiastic to last week's labor market reports than would otherwise have been expected, likely reflecting lingering concerns about Europe.
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The fourth quarter reporting season gets underway with Alcoa's ( AA ) results after the close today. ALCOA INC ( AA ): Free Stock Analysis Report BRISTOL-MYERS ( BMY ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ALCOA INC ( AA ): Free Stock Analysis Report BRISTOL-MYERS ( BMY ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report To read this article on Zacks.com click here. The fourth quarter reporting season gets underway with Alcoa's ( AA ) results after the close today. Stocks were a lot less enthusiastic to last week's labor market reports than would otherwise have been expected, likely reflecting lingering concerns about Europe.
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The fourth quarter reporting season gets underway with Alcoa's ( AA ) results after the close today. ALCOA INC ( AA ): Free Stock Analysis Report BRISTOL-MYERS ( BMY ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks were a lot less enthusiastic to last week's labor market reports than would otherwise have been expected, likely reflecting lingering concerns about Europe.
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1704.0
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2012-01-09 00:00:00 UTC
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Q4 Preview: Analysts Cautious on Alcoa (AA) on Prices, Europe; Investors Gear for Upside
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AA
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https://www.nasdaq.com/articles/q4-preview-analysts-cautious-alcoa-aa-prices-europe-investors-gear-upside-2012-01-09
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nan
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Alcoa ( AA ) is scheduled to unofficially kick-off the fourth-quarter 2011 earnings season on Monday after the markets close.
The Street is expecting Alcoa to report a loss of 2 cents per share on revenue of $5.78 billion. Earnings would be a significant drop from 21 cents per share reported in the same period last year.
Shares of Alcoa lost 32.2 percent in the quarter, dropping to $8.65 at the end of December. Shares are 5.9 percent better since the beginning of 2012. Shares have traded within a range of $8.45 to $18.47 over the last year.
Last quarter, Alcoa reporting cash of $1.25 and a book value of $13.97 per share. Taking out cash, shares are going for about 9.1x next year's earnings expectations.
Data from Bloomberg has nice analysts with a Buy rating on Alcoa, eight at Hold, and three with a Sell. The Street's price target average is $12, with a range of 8 to $18 per share.
Positioning might also be going on, with call options getting more love than comparable puts. January call volume is good, but overall open interest is solid, indicating investors are hanging onto positions. Notably, January 11 puts are showing open interest of just 7,800 or so, compared with 49,400 for the comparable call.
Alcoa is higher Monday after detailing efforts to close or curtail some of its smelting capacity .
If you're an investor and been burned by Alcoa, click here to get Barron's prospective on why a rebound in 2012 might happen.
Analyst Comments
Goldman sees a loss of 3 cents per share in the quarter. Goldman sees all four of Alcoa's operating segments dropping revenue numbers sequentially.
The firm comments: "Europe, where Alcoa generates 20 percent of its revenue, continues to be a drag as demand in the region slows and political uncertainty persists. While we have a positive long-term view on Alcoa, primarily due to its exposure to aerospace and the benefits of alumina-aluminum price decoupling, we now believe that in the near to medium term these earnings drivers may only partially offset headwinds from low aluminum prices and weakness in Europe."
JPMorgan sees a loss of 3 cents per share on lower aluminum prices and increased raw material cost pressures.
Deutsche Bank is modeling for earnings of 1 cent per share. Deutsche said, "We expect Primary metals and alumina sales volume to remain unchanged at 754,000 tons and 2.3 million tons. We forecast 4Q11 realized aluminum price to come in at $1.13/lb (-11% QoQ), implying a 16c/lb premia to $0.97/lb benchmark price (15 day lag to LME), while 4Q11 LME traded at $0.88 to $1.01/lb. Production costs are expected flat QoQ at $1.11/lb (-1% QoQ). Alumina average realized price to decline to $350/ton (-10% QoQ) while cash costs should remain flat at $254/ton."
Dahlman Rose sees earnings of 1 cent per share, down from 9 cents per share before the recent production curtail announcement. The adjustment reflects softer demand in Europe, as well as declining aluminum prices. Dahlman thinks Alcoa is "attractive" at current price levels.
Below are some other notable earnings reports for the upcoming season:
January 13 - JPMorgan ( JPM )
January 17 - Wells Fargo ( WFC )
January 18 - Goldman Sachs ( GS ), US Bancorp ( USB )
January 19 - Bank of America (BAC), Intel (Nasdaq: INTC), Microsoft (Nasdaq: MSFT), American Express (AXP)
January 20 - Schlumberger (SLB), Suntrust (STI), Fifth Third (Nasdaq: FITB)
January 23 - Halliburton (HAL), Albemarle (ALB), CSX Corp. (CSX)
January 24 - Apple (Nasdaq: AAPL), Keycorp (KEY)
January 25 - ConocoPhillips (COP), Boeing (BA), Netflix (Nasdaq: NFLX), Sandisk (Nasdaq: SNDK)
January 26 - AT&T (T), Eastman Kodak (EK), Cypress Semi (Nasdaq: CY)
January 27 - Chevron (CVX), Proctor & Gamble (PG)
January 31 - Pfizer (PFE), Seagate (Nasdaq: STX)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) is scheduled to unofficially kick-off the fourth-quarter 2011 earnings season on Monday after the markets close. Below are some other notable earnings reports for the upcoming season: January 13 - JPMorgan ( JPM ) January 17 - Wells Fargo ( WFC ) January 18 - Goldman Sachs ( GS ), US Bancorp ( USB ) January 19 - Bank of America (BAC), Intel (Nasdaq: INTC), Microsoft (Nasdaq: MSFT), American Express (AXP) January 20 - Schlumberger (SLB), Suntrust (STI), Fifth Third (Nasdaq: FITB) January 23 - Halliburton (HAL), Albemarle (ALB), CSX Corp. (CSX) January 24 - Apple (Nasdaq: AAPL), Keycorp (KEY) January 25 - ConocoPhillips (COP), Boeing (BA), Netflix (Nasdaq: NFLX), Sandisk (Nasdaq: SNDK) January 26 - AT&T (T), Eastman Kodak (EK), Cypress Semi (Nasdaq: CY) January 27 - Chevron (CVX), Proctor & Gamble (PG) January 31 - Pfizer (PFE), Seagate (Nasdaq: STX) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The firm comments: "Europe, where Alcoa generates 20 percent of its revenue, continues to be a drag as demand in the region slows and political uncertainty persists.
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Below are some other notable earnings reports for the upcoming season: January 13 - JPMorgan ( JPM ) January 17 - Wells Fargo ( WFC ) January 18 - Goldman Sachs ( GS ), US Bancorp ( USB ) January 19 - Bank of America (BAC), Intel (Nasdaq: INTC), Microsoft (Nasdaq: MSFT), American Express (AXP) January 20 - Schlumberger (SLB), Suntrust (STI), Fifth Third (Nasdaq: FITB) January 23 - Halliburton (HAL), Albemarle (ALB), CSX Corp. (CSX) January 24 - Apple (Nasdaq: AAPL), Keycorp (KEY) January 25 - ConocoPhillips (COP), Boeing (BA), Netflix (Nasdaq: NFLX), Sandisk (Nasdaq: SNDK) January 26 - AT&T (T), Eastman Kodak (EK), Cypress Semi (Nasdaq: CY) January 27 - Chevron (CVX), Proctor & Gamble (PG) January 31 - Pfizer (PFE), Seagate (Nasdaq: STX) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa ( AA ) is scheduled to unofficially kick-off the fourth-quarter 2011 earnings season on Monday after the markets close. Analyst Comments Goldman sees a loss of 3 cents per share in the quarter.
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Below are some other notable earnings reports for the upcoming season: January 13 - JPMorgan ( JPM ) January 17 - Wells Fargo ( WFC ) January 18 - Goldman Sachs ( GS ), US Bancorp ( USB ) January 19 - Bank of America (BAC), Intel (Nasdaq: INTC), Microsoft (Nasdaq: MSFT), American Express (AXP) January 20 - Schlumberger (SLB), Suntrust (STI), Fifth Third (Nasdaq: FITB) January 23 - Halliburton (HAL), Albemarle (ALB), CSX Corp. (CSX) January 24 - Apple (Nasdaq: AAPL), Keycorp (KEY) January 25 - ConocoPhillips (COP), Boeing (BA), Netflix (Nasdaq: NFLX), Sandisk (Nasdaq: SNDK) January 26 - AT&T (T), Eastman Kodak (EK), Cypress Semi (Nasdaq: CY) January 27 - Chevron (CVX), Proctor & Gamble (PG) January 31 - Pfizer (PFE), Seagate (Nasdaq: STX) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa ( AA ) is scheduled to unofficially kick-off the fourth-quarter 2011 earnings season on Monday after the markets close. While we have a positive long-term view on Alcoa, primarily due to its exposure to aerospace and the benefits of alumina-aluminum price decoupling, we now believe that in the near to medium term these earnings drivers may only partially offset headwinds from low aluminum prices and weakness in Europe."
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Alcoa ( AA ) is scheduled to unofficially kick-off the fourth-quarter 2011 earnings season on Monday after the markets close. Below are some other notable earnings reports for the upcoming season: January 13 - JPMorgan ( JPM ) January 17 - Wells Fargo ( WFC ) January 18 - Goldman Sachs ( GS ), US Bancorp ( USB ) January 19 - Bank of America (BAC), Intel (Nasdaq: INTC), Microsoft (Nasdaq: MSFT), American Express (AXP) January 20 - Schlumberger (SLB), Suntrust (STI), Fifth Third (Nasdaq: FITB) January 23 - Halliburton (HAL), Albemarle (ALB), CSX Corp. (CSX) January 24 - Apple (Nasdaq: AAPL), Keycorp (KEY) January 25 - ConocoPhillips (COP), Boeing (BA), Netflix (Nasdaq: NFLX), Sandisk (Nasdaq: SNDK) January 26 - AT&T (T), Eastman Kodak (EK), Cypress Semi (Nasdaq: CY) January 27 - Chevron (CVX), Proctor & Gamble (PG) January 31 - Pfizer (PFE), Seagate (Nasdaq: STX) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Street is expecting Alcoa to report a loss of 2 cents per share on revenue of $5.78 billion.
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1705.0
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2012-01-06 00:00:00 UTC
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Earnings Preview: Alcoa - Analyst Blog
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AA
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https://www.nasdaq.com/articles/earnings-preview%3A-alcoa-analyst-blog-2012-01-06
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nan
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nan
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Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012.
Alcoa Inc. reported adjusted earnings per share of 15 cents per share, missing the Zacks Consensus Estimate of 22 cents per share. Adjusted earnings more than doubled from 6 cents per share reported in the year-ago quarter, but were down 46.4% than the sequential quarter earnings of 28 cents per share due to lower metal prices, seasonal factors and weakness in Europe.
With respect to earnings surprises, the company was behind the Zacks Consensus Estimate in the trailing two quarters. Moreover, Alcoa was ahead of the Zacks Consensus Estimate in the first quarter of 2011 and fourth quarter of 2010. This is reflected in the average earnings surprise of -7.00%, with negative surprises in two quarters and positive in two.
Third Quarter Review
Revenues for the quarter were up 21% year over year to $6.419 billion, and were down from $6.585 billion in the sequential quarter. Alcoa's end-markets demonstrated strong revenue growth on a year-over-year basis, whereas the company experienced mixed market conditions sequentially.
Revenues declined for both alumina and aluminum, down 5% and 1%, respectively, driven by lower alumina shipments and lower realized pricing in both businesses. In the end-markets, revenues increased in commercial transportation (6%) and aerospace (2%), while plummeted in automotive (7%), industrial products (6%), building and construction (5%), and packaging (4%).
The company's adjusted EBITDA was $821 million, up 36% from the third quarter of 2010, but down 21% from the second quarter of 2011.
Alumina: The shipments in the reported quarter increased 7.4% year over year to 2.3 million metric tons on production of 4.1 million metric tons. The After Tax Operating Income (ATOI) increased 120% year over year to $154 million, but decreased 17% sequentially.
In the reported quarter, results were impacted by lower pricing on the London Metal Exchange (LME) and lower index pricing. However, increased energy and raw materials costs were offset by improved productivity, higher volumes, and positive currency impact. Adjusted EBITDA fell 7% sequentially to $311 million.
Primary Metals: Shipments in the third quarter of 2011 amounted to 0.8 million metric tons, an increase of 6.5% from the year-ago quarter. Third-party realized metal prices decreased 5% sequentially driven by declining LME cash prices. Production increased by 8.2% year over year to 0.96 million metric tons. ATOI was $110 million, an increase of 41% over the third quarter of 2010 and a decrease of 45% from the second quarter of 2011.
Flat-Rolled Products: Shipments in the quarter inched up 1.3% year over year to 4.5 million metric tons. ATOI decreased by 9% over the previous year quarter to $60 million and declined 39% from the second quarter of 2011. Third-party revenue in the third quarter was $2.0 billion, up 20% year-over-year and down 5% sequentially. The weak performance was driven by significant deterioration in the European markets, seasonal plant shutdowns and rising costs.
Engineered Products and Solutions: Shipments in the quarter surged 9.8% year over year to 0.56 million metric tons. ATOI in the third quarter totaled $138 million, up 21% year over year and down $ 7% sequentially. Lower ATOI was mainly driven by unfavorable price and mix across most businesses as well as the cost impact of flooding at the Bloomsburg, PA, plant. The ATOI improved on a year-over-year basis due to higher volumes across all businesses supported by a strong portfolio of innovative products.
Agreement of Estimate Revisions
For the fourth quarter of 2011, five out of 11 analysts covering the stock have made a downward revision in the last 30 days and 2 amongst them have made a downward revision in the last 7 days. None of the analysts have made any upward revision in the last 30 days.
Magnitude of Estimate Revisions
The fourth quarter 2011 estimate was 17 cents per share in the last 30 days and inched down 2 cents to 15 cents per share in the last 7 days. Recently, it dropped again by 1 cent to 14 cents per share. The Zacks Consensus Estimate for the fourth quarter is 83.33%, down from the year-ago quarter.
Alcoa Cuts Smelting Capacity
Just a few days before its earnings release, Alcoa announced its plans to slash its global smelting capacity by 12%. Therefore, the company became the first producer to take instant action to slash costs amid a steep drop in metal prices. The move will result in a restructuring charge in the fourth quarter and will push the U.S. producer into its first loss in nine quarters. The reduction in costs is likely to boost prices
The company will permanently close its smelter in Alcoa, Tennessee, which was curtailed in 2009, along with two of the six idled potlines at its Rockdale, Texas smelter.
The curtailments, to be announced in the near future, will reduce Alcoa's global smelting capacity by an additional 240,000 metric tons, or about 5%.
The curtailments are expected to be complete by the first half of 2012. Alcoa's alumina production will be reduced across the global refining system to reflect the final curtailments in smelting as well as prevailing market conditions. The curtailments will contribute to the company's long-term goal of lowering Alcoa's position on the world aluminum production cost curve by 10 percentage points.
Total restructuring-related charges for the fourth quarter of 2011 are expected to be between $155 million and $165 million after-tax, or $0.15 to $0.16 per share, of which approximately 60% is non-cash.
Our Take
Alcoa Inc., a Pennsylvania-based corporation, is among the world's leading producers of primary and fabricated aluminum and alumina. The company is engaged in the technology of mining, refining, smelting, fabricating and recycling of aluminum. We believe that Alcoa's cost reduction efforts are to some extent, offsetting the negative impact of higher energy and raw material costs on profitability.
Alcoa expects aerospace, and automotive demand to remain strong. Alcoa forecasts aerospace demand to continue to grow in the second half of 2011 and the year-end growth rate will be between 6% and 7%. In the automotive market, Alcoa projects continued growth in the second half of 2011 and a year-over-year improvement of 3% to 5%.
Growing demand for aluminum beverage cans in China, Europe, and the Middle East will offset flat to declining markets in the United States and will drive overall packaging market in the range of 2% to 3% in 2011 compared to 2010. The recovery in the industrial gas turbine market continues to support a brighter long-term outlook and a 2011 growth projection of 5% to 10%.
The building and construction market continues to struggle in North America and Europe, leading to a growth projection of 1% to 3%, primarily due to continued strength in non-residential construction in China.
The outlook for commercial transportation is mixed, with a weaker second half of 2011, driven primarily by lower sales in Europe and China, offset by strong first-half results and continued gains in the North American market. Alcoa projects heavy truck and trailer sales to range from flat to 2% growth over 2010.
Currently, Alcoa has a short-term (1 to 3 months) Zacks #3 (Hold rating) and a long-term (6 months) Neutral recommendation.
Alcoa faces stiff competition from Aluminum Corporation Of China Limited ( ACH ), Rio Tinto Plc. ( RIO ) and BHP Billiton Ltd. ( BHP ).
ALCOA INC ( AA ): Free Stock Analysis Report
ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report
BHP BILLITN LTD ( BHP ): Free Stock Analysis Report
RIO TINTO-ADR ( RIO ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012. ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report BHP BILLITN LTD ( BHP ): Free Stock Analysis Report RIO TINTO-ADR ( RIO ): Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa's alumina production will be reduced across the global refining system to reflect the final curtailments in smelting as well as prevailing market conditions.
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ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report BHP BILLITN LTD ( BHP ): Free Stock Analysis Report RIO TINTO-ADR ( RIO ): Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012. Alumina: The shipments in the reported quarter increased 7.4% year over year to 2.3 million metric tons on production of 4.1 million metric tons.
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Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012. ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report BHP BILLITN LTD ( BHP ): Free Stock Analysis Report RIO TINTO-ADR ( RIO ): Free Stock Analysis Report To read this article on Zacks.com click here. Adjusted earnings more than doubled from 6 cents per share reported in the year-ago quarter, but were down 46.4% than the sequential quarter earnings of 28 cents per share due to lower metal prices, seasonal factors and weakness in Europe.
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Alcoa Inc. ( AA ), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012. ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report BHP BILLITN LTD ( BHP ): Free Stock Analysis Report RIO TINTO-ADR ( RIO ): Free Stock Analysis Report To read this article on Zacks.com click here. Adjusted earnings more than doubled from 6 cents per share reported in the year-ago quarter, but were down 46.4% than the sequential quarter earnings of 28 cents per share due to lower metal prices, seasonal factors and weakness in Europe.
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1706.0
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2012-01-05 00:00:00 UTC
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Alcoa Down 2%, Analysts Expect Firms Income and Earnings to Collapse
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AA
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https://www.nasdaq.com/articles/alcoa-down-2-analysts-expect-firms-income-and-earnings-collapse-2012-01-05
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nan
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Shares of Alcoa Inc. ( AA ) are falling, and were last down 2% after the company slashed its earnings estimates the most in three years, according to Bloomberg.
Net income will tumble 96% to 1 cent a share from 21 cents a year earlier, according to the average of 18 analysts' estimates compiled by Bloomberg. That's 82% less than the average projection from a month ago. Nine of the 12 analysts polled expect Alcoa to post a loss in Q4.
The reason for the projected loss is the declining price of aluminum.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Alcoa Inc. ( AA ) are falling, and were last down 2% after the company slashed its earnings estimates the most in three years, according to Bloomberg. Nine of the 12 analysts polled expect Alcoa to post a loss in Q4. The reason for the projected loss is the declining price of aluminum.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Shares of Alcoa Inc. ( AA ) are falling, and were last down 2% after the company slashed its earnings estimates the most in three years, according to Bloomberg. Net income will tumble 96% to 1 cent a share from 21 cents a year earlier, according to the average of 18 analysts' estimates compiled by Bloomberg.
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Shares of Alcoa Inc. ( AA ) are falling, and were last down 2% after the company slashed its earnings estimates the most in three years, according to Bloomberg. Net income will tumble 96% to 1 cent a share from 21 cents a year earlier, according to the average of 18 analysts' estimates compiled by Bloomberg. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Alcoa Inc. ( AA ) are falling, and were last down 2% after the company slashed its earnings estimates the most in three years, according to Bloomberg. Net income will tumble 96% to 1 cent a share from 21 cents a year earlier, according to the average of 18 analysts' estimates compiled by Bloomberg. The reason for the projected loss is the declining price of aluminum.
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1707.0
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2012-01-05 00:00:00 UTC
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Zacks' Voice of the People highlights opportunities with Alcoa, JPMorgan, Hyperdynamics and Ultrashort Silver ETF - Press Releases
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AA
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https://www.nasdaq.com/articles/zacks-voice-of-the-people-highlights-opportunities-with-alcoa-jpmorgan-hyperdynamics-and
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nan
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For Immediate Release
Chicago, IL - 01/05/2012 - Zacks highlights commentary from People and Picks Trader " Vet67to82 " .
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Alcoa Inc ( AA ) 2012
Alcoa Inc. ( AA ) produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. The Company serves customers worldwide primarily in the transportation, packaging, building, and industrial markets with both fabricated and finished products.
AA pays a dividend. the last payment was $0.03 per share payable 11/25/2011. The ex-dividend date was 11/2/2011, and the Date of Record to receive the dividend was 11/4/2011.
-- From my spreadsheets Alcoa Inc:
-Yield, 52wk Hi, 52wk Lo, PE -ttm, PE -fwd, shs outstd, MrktCap
1.39 .. 18.47 .. 8.45 .. 9.61 .. 10.61 ... 1.06B ... 9.82B
*Analyst rankings: S&P ranks AA with 4 out of 5 stars. Stock Scouter ranks AA as a 7 out of 10. Zacks ranks AA as a 4 -Sell
In the previous quarter AA reported 5c in earnings, is projected to report 15c in earnings on 1/9/2012. The previous earnings report was approx 37% LESS than expected and therefore a MISS. EPS (ttm) $0.95 One year target price for AA is $12.42 +/-0.25. Fair Value calculation for AA is $17.28 +/-0.25. PEg ratio for AA is 0.51 (less than 1.00 is really good) Book value is $13.97.
AA price/ book value is 0.66
Alcoa has potential upside of 35.6% based on a current price of $9.43 and analysts' consensus price target of $12.78. The stock should run into initial resistance at its 50-day moving average ( MA ) of $9.74 and subsequent resistance at its 200-day MA of $13.24.
The most recent picks by «Vet67to82» are:
A buy rating on JPMorgan ( JPM )
a buy rating on Hyperdynamics ( HDY ) and
a sell rating on Ultrashort Silver ETF ( ZSL ).
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958 .
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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Brent Billock
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Company: Zacks.com
Phone: 312-265-9307
Email: pandp@zacks.com
Visit: www.Zacks.com
ALCOA INC ( AA ): Free Stock Analysis Report
JPMORGAN CHASE ( JPM ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Alcoa Inc ( AA ) 2012 Alcoa Inc. ( AA ) produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. AA pays a dividend. *Analyst rankings: S&P ranks AA with 4 out of 5 stars.
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For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Alcoa Inc ( AA ) 2012 Alcoa Inc. ( AA ) produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. Contact: Brent Billock People & Picks Manager Company: Zacks.com Phone: 312-265-9307 Email: pandp@zacks.com Visit: www.Zacks.com ALCOA INC ( AA ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report To read this article on Zacks.com click here. AA pays a dividend.
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Zacks ranks AA as a 4 -Sell In the previous quarter AA reported 5c in earnings, is projected to report 15c in earnings on 1/9/2012. Contact: Brent Billock People & Picks Manager Company: Zacks.com Phone: 312-265-9307 Email: pandp@zacks.com Visit: www.Zacks.com ALCOA INC ( AA ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report To read this article on Zacks.com click here. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Alcoa Inc ( AA ) 2012 Alcoa Inc. ( AA ) produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling.
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AA price/ book value is 0.66 Alcoa has potential upside of 35.6% based on a current price of $9.43 and analysts' consensus price target of $12.78. Contact: Brent Billock People & Picks Manager Company: Zacks.com Phone: 312-265-9307 Email: pandp@zacks.com Visit: www.Zacks.com ALCOA INC ( AA ): Free Stock Analysis Report JPMORGAN CHASE ( JPM ): Free Stock Analysis Report To read this article on Zacks.com click here. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Alcoa Inc ( AA ) 2012 Alcoa Inc. ( AA ) produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling.
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1708.0
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2012-01-05 00:00:00 UTC
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A Third Pick for my $100,000 Real-Money Portfolio
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AA
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https://www.nasdaq.com/articles/third-pick-my-100000-real-money-portfolio-2012-01-05
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nan
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nan
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We're less than a week into my $100,000 real-money portfolio undertaking, and we've already seen plenty of excitement.
I committed more than $12,000 to my first pick, Ford Motor ( F ) , which jumped nicely in the days after my initial analysis . If you had the chance to get in ahead of me (I make all of my trades 48 hours after I tell you about it), then you got a nice little bump, asshares have been on the upswing.
Then I introduced my second pick, Alcoa ( AA ) , which I told you about Wednesday.
(Many of my loyal readers have signed-up to get these articles delivered to their email inbox as soon as they're published. If you haven't already, I highly encourage you to do this. [ Go here to sign up. ] It comes at no cost to you, and you'll be able to invest right along with me -- if not ahead of me -- if you wish.)
Now to today's pick...
Steel has played a major role in the globaleconomy for more than a century. It's the most important material in cars, planes, household appliances and scores of other products.
Yet steel also has a major shortcoming: it's heavy. Car makers bemoan the fact that today's technology-laden autos can exceed two tons. Jumbo jets need huge amounts of thrust just to get airborne, and makers of wind turbines know that you need a stiff wind before heavy blades will start to rotate.
Fortunately, there's a solution for these problems.
It's a material that is up to 10 times stronger than steel, but is also far lighter in weight. I'm talking about carbon fiber, which was an exotic material 20 years ago, drifted into the more advanced industrial applications over the last decade, and is now on the cusp of becoming a mainstream, everyday material.
The key factor is cost. Back in the 1990s, making carbon fiber was an expensive process because engineers couldn't figure out how to shape the material and then cure it in high volumes at a reasonable cost. Through trial and error, recipes were tweaked, curing ovens were refined and carbon fiber suddenly became a feasible choice for many industrial designers.
Consider these data points:
• BMW, among other automakers, is expected to roll out a range of new cars in the next three years that will come with carbon fiber doors, bumpers, trunk lids and chassis. These light-weight vehicles will deliver superior fueleconomy and improved handling dynamics.
• Boeing ( BA ) is using massive amounts of carbon fiber in its new 787 Dreamliner plane. Its partners, which make jet engines for the plane, can dial in more efficient designs thanks to thousands of pounds that have been shed.
• Wind turbine manufacturers have replaced steel with carbon fiber, and the current generation of turbine designs now spins more freely than the previous steel-based blades.
In the years ahead, look for carbon fiber to find a home in place of concrete and steel in new high-rise buildings. The fact that it is extremely strong but not especially stiff makes it an ideal material for buildings in earthquake-prone regions. Civil engineers are looking at using carbon fiber in underwater sewers, since the material is not prone to corrosion.
Today's portfolio investment will have a big part in all of this...
Indeed, carbon fiber is finding a home in an expanding number of applications, simply because it is becoming cheaper and cheaper to make. But it can't yet compete with steel on acost basis , as we learned in the most recent economic downturn. Demand for carbon fiber had been rising in the middle of the last decade because companies were willing to spend more to take advantage of the material's beneficial qualities. But the slowdown of 2008 and 2009 led many designers to scrap plans for further use.
You can see that trend in the results of carbon fiber maker Zoltek (Nasdaq: ZOLT) , today's $100,000 Real-Money portfolio investment. From fiscal (September 2006) to fiscal 2008, sales doubled, from $92 million to $186 million. The economic slowdown really hurt demand, and sales fell to $128 million by fiscal 2010.
Yet demand for carbon fiber is rebounding: Zoltek's sales grew 18% in fiscal 2011 to $152 million, and sales could top $180 million in thefiscal year that ends this coming September.
I base that assumption on the most recent trends. In the fiscal fourth-quarter of 2011 (ended September), sales surged 39% from a year earlier to $43 million. Simply maintaining a $45 million quarterly sales rate gets you to $180 million for the full year.
How realistic is that? I'll let founder andCEO Zsolt Rumy explain: "We are seeing significant expansion in our sector of the wind energymarket -- using our carbon fibers in the construction of the world's biggest and most efficient wind turbines... We are actively executing our plans tocapitalize on several important opportunities to support this expansion in 2012 and 2013," said Rumy in a statement in late November.
I encourage you to read the company's 10-K filing from early December. In the10-K , the company discusses a half-dozen other burgeoning opportunities beyond the wind turbinemarket .
It's important to note that Zoltek has a large amount of unused manufacturing capacity (thanks to a previous ill-timed expansion), and higher salesvolume wouldyield significant gains in terms ofprofit margins. Right now, Zoltek looks to be moderately profitable in fiscal 2012, perhaps earning around $0.25 a share. Yet with further sales gains,EPS could grow sharply, perhaps reaching $1 a share by fiscal 2014.Shares , trading under $8, don't begin to reflect that kind ofearnings potential.
The downside protection --> Meanwhile, most investors assume the sales strength seen in the most recent quarter will have proven to be the exception to the rule, and they anticipate more choppy quarters ahead. That's why this company, with amarket value of $264 million, trades below tangiblebook value of $281 million. Said another way, if you wanted to build a carbon fiber business from scratch today, you'd do it cheaper by simply buying this company. The stock is at 94% of tangiblebook value now, and could easily fall to 80% or 85% of tangible book if Zoltek delivers a weak quarter. Investors need to be prepared for such a possibility. But in my view, that is the likely extent of the downside.
The upside triggers--> I really like the risk/reward set-up here. If sales pull back from that recent lofty pace,shares are supported by that tangiblebook value . Yet if sales in the December and March quarters simply match the September results, then I think this stock can quickly move up to the low teens.
We'll get a clear read on the latest business trends in about three weeks when fiscal first-quarter results are released. I want to own this stock ahead of that event, because I think investors would really warm to Zoltek if it can deliver a second straight quarter of solid results.
Action to Take --> Two trading days after you read this (Monday, Jan. 9), I will be buying 1,000shares (worth roughly $7,500) for my $100,000 portfolio.
Here's the Latest Snapshot of my $100,000 Real-Money Portfolio...
P.S. -- If you're enjoying the ride, there's more to come. Now that we have a few slots filled in the portfolio, I'll begin bringing you periodic updates on my holdings in addition to new investments. Make sure you don't miss a thing by signing up to have these articles sent straight to your inbox as soon as they're published. Click here to sign up.
David Sterman does not hold positions in any securities mentioned in this article. StreetAuthority owns shares of F in one or more if its "real money" portfolios.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Then I introduced my second pick, Alcoa ( AA ) , which I told you about Wednesday. Back in the 1990s, making carbon fiber was an expensive process because engineers couldn't figure out how to shape the material and then cure it in high volumes at a reasonable cost. Consider these data points: • BMW, among other automakers, is expected to roll out a range of new cars in the next three years that will come with carbon fiber doors, bumpers, trunk lids and chassis.
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Then I introduced my second pick, Alcoa ( AA ) , which I told you about Wednesday. You can see that trend in the results of carbon fiber maker Zoltek (Nasdaq: ZOLT) , today's $100,000 Real-Money portfolio investment. Yet demand for carbon fiber is rebounding: Zoltek's sales grew 18% in fiscal 2011 to $152 million, and sales could top $180 million in thefiscal year that ends this coming September.
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Then I introduced my second pick, Alcoa ( AA ) , which I told you about Wednesday. Back in the 1990s, making carbon fiber was an expensive process because engineers couldn't figure out how to shape the material and then cure it in high volumes at a reasonable cost. You can see that trend in the results of carbon fiber maker Zoltek (Nasdaq: ZOLT) , today's $100,000 Real-Money portfolio investment.
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Then I introduced my second pick, Alcoa ( AA ) , which I told you about Wednesday. It comes at no cost to you, and you'll be able to invest right along with me -- if not ahead of me -- if you wish.) Back in the 1990s, making carbon fiber was an expensive process because engineers couldn't figure out how to shape the material and then cure it in high volumes at a reasonable cost.
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1709.0
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2012-01-04 00:00:00 UTC
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I'm Adding Another Holding to my $100,000 Real-Money Portfolio
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AA
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https://www.nasdaq.com/articles/im-adding-another-holding-my-100000-real-money-portfolio-2012-01-04
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nan
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nan
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Time waits for no one. Themarket has rung in the New Year, and slow-to-move investors may miss out on further gains ahead. So I'm moving quickly to name the second pick in my $100,000 portfolio.
As is the case with Ford ( F ) , my initial holding, it's also a well-known company. Its roots go back to 1887, when chemist (and company founder) Charles Martin Hall figured out how to make aluminum through the use of an electric current.
If you missed the initial installment , then allow me to explain. StreetAuthority is giving me $100,000 to invest in my absolute best investment ideas. I'll be sharing my trades with you for free -- but only for a limited time. This morning, I bought 1,090shares of Ford at a price of $11.44, after a self-imposed two-daywaiting period . The stock has moved up more than 5% since I mentioned it on Friday, Dec. 30, so readers who jumped on my recommendation already are showing a nice gain.
[Don't miss my next trade. Go here to sign up to receive my next update or trade as soon as it's published. It's completely free.]
The advances are coming from stellar sales figures for last month. Sales rose 10% from a year earlier in December, which was at the top end of the forecast consensus range. On a full-year basis, sales rose a healthy 17%. That strong finish to 2011 is why I think the current consensus earnings-per-share (EPS ) forecast of $0.26 for the fourth quarter is too conservative and likely to be exceeded.
Now, on to today's business...
Buy #2: A beneficiary of a shrinking industry
The prolonged economic weakness in the United States and Europe has surely been hard on industrial firms, as demand for many goods remains well below levels seen in the middle of the last decade. Adding insult, Chinese manufacturers have ramped up quickly, flooding the world with lower-priced products.
Perhaps no companies have felt the twin pressures of falling demand and rising supply as acutely as the world's makers of aluminum. Not only has economic activity slowed in recent years in the world's largest economies, but China has in recent years built dozens of new aluminum smelters that created a glut of the lightweight shiny industrial material, which goes into everything from soda cans to premium cars.
Making aluminum consumes lots of electricity. But one company's management made a brilliant move, building new aluminum smelters where energy is really, really cheap, in places like Iceland and Trinidad & Tobago. The fact that this company is the lowest-cost producer of aluminum in the world has made life even more difficult for rivals in China and elsewhere. That's why, when I looked at Alcoa ( AA )back in October , I mentioned that the Chinese government has begun to deprioritize aluminum.
I am reproducing this chart from that story, as a picture tells a thousand words.
With China now anet importer of aluminum, Alcoa has one less migraine to worry about. Somemarket forecasters even say China's 2013 aluminum output will drop back to 2009 levels.
Of course, demand is the other part of the equation, and this stock is near a52-week low on concerns that European demand for aluminum will crater.
How dim is the view for Alcoa? At a recent $9, the stock is nearly 80% below levels seen back in 2007.
Using the parlance of the investment business, the Alcoa story "has warts on it." The decision to build a network of low-cost energy-efficient smelters came at a painful price: The company spent a combined $10.3 billion in 2006 through 2008. Management was unaware that demand for aluminum would soon plunge.
The good news: the spending program is winding down. Alcoa doled out just $1 billion in capital spending in 2010, enabling the company to generate $1.1 billion infree cash flow . The company's capital spending plans are unlikely to top $1.0 billion to $1.5 billion in current and future years. In effect, Alcoa is now positioned to post respectablefree cash flow in tough times, and poised to post stunningly high levels ofcash flow when the globaleconomy perks up.
The past 12 months tell the tale. Sales in 2011 came in around $21 billion -- roughly $7 billion below 2007 levels. Yetfree cash flow likely exceeded $1 billion once again.
Actual financial results in the near-term will rest on aluminum pricing. Thespot price has fallen from around $1.17 per pound in August (before the European financial crisis gained steam) to a recent $0.88 per pound. As the European crisis is resolved, look for a quick move back to $1 a pound. And when the globaleconomy is truly healthy, I see thespot price heading north of $1.25 a pound.
As a point of reference, Alcoa would likely earn around $0.65 a share with aluminum prices at $1.05 at pound (EPS would build by about $0.20 a share for each $0.05 rise in aluminum prices). We're not there yet, but that's theprofit framework you need to keep in mind asshares scrape along the bottom. (If you want a really long-term view of where profits can go in the peak of the cycle, Alcoa earned more than $3 a share in 2007, andshares trade for less than three times thatearnings peak.)
The downside protection --> Alcoa's stock is worth slightly more than the $9.65 billion in tangible book value on itsbalance sheet . Yet thatbook value figure is quite understated because the value of a number of manufacturing facilities has been written down due to depletion. In terms of replacement value, if one were to build Alcoa's factories from scratch, then you're likely looking at amarket value closer to 40% lower than the real value of the company's assets.
Equally important, Alcoa should remainfree cash flow positive, even if the globaleconomy slumps further in 2012. A weakeconomy would actually benefit Alcoa as higher-cost rivals get flushed out. As it stands, many aluminum producers are operating at a loss with aluminum trading for roughly $1 a pound. That's a price point at which Alcoa can still turn aprofit .
The upside triggers --> The Alcoa trade requires a leap of faith. The company will kick offearnings season on Monday, Jan. 9. I suspect the company will actually deliver a small loss instead of the consensus $0.08-a-share forecastedprofit . (The losses are coming from the timing of costs and pricing, and Alcoa likely remains profitable on a core production-per-pound basis.)
Why get into this stock ahead of such an event? Because themarket anticipates a sorry outcome, and there's a solid chance investors will start to focus on management's expected long-termbullish outlook for supply, demand and pricing.
This stock chart tells you one thing. Alcoa has few fans right now. That's my favorite kind of set-up.
I expect any rebound to be slow and steady. It may take several quarters, but a move back to the mid-teens, with fairly solid downside support, looks like a favorable risk/reward to me.
Action to Take --> In light of the risk associated with the coming quarterly results, I am opening a fairly modest position by buying 300shares at the opening oftrading on Friday, Jan. 6 . That equates to about $2,500. I will re-assess that stance once the numbers are out, and may look to boost the stake.
Here's the Latest Snapshot of my $100,000 Real-Money Portfolio...
-- David Sterman
P.S. -- The response to my first trade in my $100,000 real money portfolio was overwhelming. Many of you were able to get in on Ford ahead of me, and I hope we can both profit handsomely from it going forward. If you missed my first trade and want to be notified any time I update a holding or take a new position, I urge you to go here to sign up. We'll email you as soon as I publish, so you won't miss a thing.
David Sterman does not hold positions in any securities mentioned in this article. StreetAuthority owns shares of F in one or more if its "real money" portfolios.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That's why, when I looked at Alcoa ( AA )back in October , I mentioned that the Chinese government has begun to deprioritize aluminum. But one company's management made a brilliant move, building new aluminum smelters where energy is really, really cheap, in places like Iceland and Trinidad & Tobago. In terms of replacement value, if one were to build Alcoa's factories from scratch, then you're likely looking at amarket value closer to 40% lower than the real value of the company's assets.
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That's why, when I looked at Alcoa ( AA )back in October , I mentioned that the Chinese government has begun to deprioritize aluminum. But one company's management made a brilliant move, building new aluminum smelters where energy is really, really cheap, in places like Iceland and Trinidad & Tobago. As a point of reference, Alcoa would likely earn around $0.65 a share with aluminum prices at $1.05 at pound (EPS would build by about $0.20 a share for each $0.05 rise in aluminum prices).
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That's why, when I looked at Alcoa ( AA )back in October , I mentioned that the Chinese government has begun to deprioritize aluminum. Alcoa doled out just $1 billion in capital spending in 2010, enabling the company to generate $1.1 billion infree cash flow . As a point of reference, Alcoa would likely earn around $0.65 a share with aluminum prices at $1.05 at pound (EPS would build by about $0.20 a share for each $0.05 rise in aluminum prices).
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That's why, when I looked at Alcoa ( AA )back in October , I mentioned that the Chinese government has begun to deprioritize aluminum. [Don't miss my next trade. At a recent $9, the stock is nearly 80% below levels seen back in 2007.
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1710.0
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2011-12-29 00:00:00 UTC
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Company News for December 29, 2011 - Corporate Summary
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AA
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https://www.nasdaq.com/articles/company-news-for-december-29-2011-corporate-summary-2011-12-29
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nan
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nan
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• Snowmobiles maker Arctic Cat Inc.'s (NASDAQ: ACAT ) shares surged 20.75% after the company said it would buy back Suzuki Motor Corp's, 6.1 million Class B common shares
• Shares of Perfumania Holdings Inc. (NASDAQ: PERF ) fell 9.75% a day after the fragrance maker said it would acquire Perlux Fragrances Inc (NASDAQ: PARL ) in a deal worth $170 million
• Share prices of Bank of America (NYSE: BAC ) and Alcoa (NYSE: AA ) dropped 3.56% and 3.07% to close at $5.28 and $8.52, respectively, making them the biggest laggards of the Dow component
ALCOA INC ( AA ): Free Stock Analysis Report
ARCTIC CAT INC ( ACAT ): Free Stock Analysis Report
BANK OF AMER CP ( BAC ): Free Stock Analysis Report
PARLUX FRAGRANC ( PARL ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Snowmobiles maker Arctic Cat Inc.'s (NASDAQ: ACAT ) shares surged 20.75% after the company said it would buy back Suzuki Motor Corp's, 6.1 million Class B common shares • Shares of Perfumania Holdings Inc. (NASDAQ: PERF ) fell 9.75% a day after the fragrance maker said it would acquire Perlux Fragrances Inc (NASDAQ: PARL ) in a deal worth $170 million • Share prices of Bank of America (NYSE: BAC ) and Alcoa (NYSE: AA ) dropped 3.56% and 3.07% to close at $5.28 and $8.52, respectively, making them the biggest laggards of the Dow component ALCOA INC ( AA ): Free Stock Analysis Report ARCTIC CAT INC ( ACAT ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report PARLUX FRAGRANC ( PARL ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Snowmobiles maker Arctic Cat Inc.'s (NASDAQ: ACAT ) shares surged 20.75% after the company said it would buy back Suzuki Motor Corp's, 6.1 million Class B common shares • Shares of Perfumania Holdings Inc. (NASDAQ: PERF ) fell 9.75% a day after the fragrance maker said it would acquire Perlux Fragrances Inc (NASDAQ: PARL ) in a deal worth $170 million • Share prices of Bank of America (NYSE: BAC ) and Alcoa (NYSE: AA ) dropped 3.56% and 3.07% to close at $5.28 and $8.52, respectively, making them the biggest laggards of the Dow component ALCOA INC ( AA ): Free Stock Analysis Report ARCTIC CAT INC ( ACAT ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report PARLUX FRAGRANC ( PARL ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Snowmobiles maker Arctic Cat Inc.'s (NASDAQ: ACAT ) shares surged 20.75% after the company said it would buy back Suzuki Motor Corp's, 6.1 million Class B common shares • Shares of Perfumania Holdings Inc. (NASDAQ: PERF ) fell 9.75% a day after the fragrance maker said it would acquire Perlux Fragrances Inc (NASDAQ: PARL ) in a deal worth $170 million • Share prices of Bank of America (NYSE: BAC ) and Alcoa (NYSE: AA ) dropped 3.56% and 3.07% to close at $5.28 and $8.52, respectively, making them the biggest laggards of the Dow component ALCOA INC ( AA ): Free Stock Analysis Report ARCTIC CAT INC ( ACAT ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report PARLUX FRAGRANC ( PARL ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Snowmobiles maker Arctic Cat Inc.'s (NASDAQ: ACAT ) shares surged 20.75% after the company said it would buy back Suzuki Motor Corp's, 6.1 million Class B common shares • Shares of Perfumania Holdings Inc. (NASDAQ: PERF ) fell 9.75% a day after the fragrance maker said it would acquire Perlux Fragrances Inc (NASDAQ: PARL ) in a deal worth $170 million • Share prices of Bank of America (NYSE: BAC ) and Alcoa (NYSE: AA ) dropped 3.56% and 3.07% to close at $5.28 and $8.52, respectively, making them the biggest laggards of the Dow component ALCOA INC ( AA ): Free Stock Analysis Report ARCTIC CAT INC ( ACAT ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report PARLUX FRAGRANC ( PARL ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1711.0
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2011-12-20 00:00:00 UTC
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Alcoa’s Price Target Cut at UBS on Lower Prices, Weak Economy (AA)
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AA
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https://www.nasdaq.com/articles/alcoas-price-target-cut-ubs-lower-prices-weak-economy-aa-2011-12-20
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nan
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nan
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Aluminum producer Alcoa Inc. ( AA ) on Tuesday saw its price target lowered by analysts at UBS.
The firm maintained its "Neutral" rating on AA but cut its price target to $9.50. That new target suggests a smaller 11% upside to the stock's Monday closing price of $8.53.
UBS also cut its earnings estimates for the company, citing lower aluminum selling prices, negative effects from currency fluctuations, and an overall weak macroeconomic outlook.
Alcoa shares rose 14 cents, or +1.6%, in premarket trading Tuesday.
The Bottom Line
Shares of Alcoa ( AA ) have a 1.41% dividend yield, based on last night's closing stock price of $8.53. The stock has technical support in the $7.50 price area. If the shares can firm up, we see overhead resistance around the $10-$11 price levels.
Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aluminum producer Alcoa Inc. ( AA ) on Tuesday saw its price target lowered by analysts at UBS. The Bottom Line Shares of Alcoa ( AA ) have a 1.41% dividend yield, based on last night's closing stock price of $8.53. The firm maintained its "Neutral" rating on AA but cut its price target to $9.50.
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Aluminum producer Alcoa Inc. ( AA ) on Tuesday saw its price target lowered by analysts at UBS. The firm maintained its "Neutral" rating on AA but cut its price target to $9.50. The Bottom Line Shares of Alcoa ( AA ) have a 1.41% dividend yield, based on last night's closing stock price of $8.53.
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Aluminum producer Alcoa Inc. ( AA ) on Tuesday saw its price target lowered by analysts at UBS. The firm maintained its "Neutral" rating on AA but cut its price target to $9.50. The Bottom Line Shares of Alcoa ( AA ) have a 1.41% dividend yield, based on last night's closing stock price of $8.53.
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Aluminum producer Alcoa Inc. ( AA ) on Tuesday saw its price target lowered by analysts at UBS. The firm maintained its "Neutral" rating on AA but cut its price target to $9.50. The Bottom Line Shares of Alcoa ( AA ) have a 1.41% dividend yield, based on last night's closing stock price of $8.53.
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1712.0
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2011-12-14 00:00:00 UTC
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Stock Market News for December 14, 2011 - Market News
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AA
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https://www.nasdaq.com/articles/stock-market-news-for-december-14-2011-market-news-2011-12-14
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nan
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nan
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Markets eroded initial gains on Tuesday after it emerged that the Federal Reserve had no new gifts to offer to the economy. The central bank also cautioned that the global financial scenario poses a serious threat for the domestic economy. Additionally, with the pre-holiday rush supposedly setting in, a less than expected increase in retail sales acted as a deterrent to optimism among investors.
The Dow Jones Industrial Average (DJIA) declined 0.6% to finish the day at 11,954.94. The Standard & Poor 500 (S&P 500) was down 0.9% and closed the day at 1,225.73. The tech-laden Nasdaq Composite Index settled at 2,579.27, sliding 1.3% lower. The fear-gauge CBOE Volatility Index (VIX) inched down a percentage to settle at 25.41, and reflected a lower level of concern for the second consecutive day. With Christmas around the corner, investors have kept their hopes alive of rally during that period. Total volumes on the New York Stock Exchange (NYSE) was 4.13 billion shares and for 70% of the decliners, around 28% closed higher. The remaining stocks remained unchanged.
The Dow had gained 126 points during the session, before a host of concerns dragged the blue-chip index down by over 70 points in the final hour. While Boeing Co. (NYSE: BA ) and Merck & Co. Inc. (NYSE: MRK ) managed to remain flat, only seven of the remaining Dow components could finish the day in green. Among the 21 components that declined, Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ) and JPMorgan Chase & Co. (NYSE: JPM ) slumped 3.3%, 2.4%, 2.4% and 2.3%, respectively, and were the leading decliners.
Markets had been in an upbeat mood in the morning session and the euro-zone's first sale of short-dated debt helped contributed significantly to initial gains. In its first sale of the short-term bills, The European Financial Stability Fund logged encouraging figures, raising $2.6 billion from investors at a rate of 0.2%. Additionally, short-term borrowing costs of Spain and Belgium also dropped significantly.
However, with the Federal Reserve making it prominent that its kitty had no Christmas gifts for the economy, the benchmarks had to vacate the green zone. The Federal Reserve's final meeting of the year announced no new quantitative easing or monetary policies. Not only did the central bank disappoint the investors with no signs of a third monetary stimulus plan, but it also note of caution that the global financial situation could possibly dent US financial markets. Cross-Atlantic concerns have affected the domestic markets throughout this year, and the central bank was forthright in acknowledging that such fears would continue to harm the otherwise 'healthier' US economy. The Fed stated: "Strains in global financial markets continue to pose significant downside risks to the economic outlook".
To add to these woes, retail sales data from the Commerce Department came in well below expectations. With the holiday season ahead and the pre-holiday rush settling in, retail sales numbers should have come in above the expectations and not otherwise. According to the U.S. Census Bureau: "Advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $399.3 billion, an increase of 0.2 percent (±0.5%)* from the previous month and 6.7 percent (±0.7%) above November 2010".
Consequently, the retail sector was in for bad times yesterday and the SPDR S&P Retail ( XRT ) was down 3.0%. Stocks like Macy's, Inc. (NYSE: M ), J. C. Penney Company, Inc. (NYSE: JCP ), Sears Holdings Corporation (NASDAQ: SHLD ), Bon-Ton Stores Inc. (NASDAQ: BONT ) and Saks Incorporated (NYSE: SKS ) plunged 5.0%, 3.9%, 5.1%, 6.6% and 4.4%, respectively.
ALCOA INC ( AA ): Free Stock Analysis Report
BOEING CO ( BA ): Free Stock Analysis Report
BANK OF AMER CP ( BAC ): Free Stock Analysis Report
BON-TON STORES ( BONT ): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
PENNEY (JC) INC (JCP): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
MERCK & CO INC (MRK): Free Stock Analysis Report
SEARS HLDG CP (SHLD): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among the 21 components that declined, Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ) and JPMorgan Chase & Co. (NYSE: JPM ) slumped 3.3%, 2.4%, 2.4% and 2.3%, respectively, and were the leading decliners. ALCOA INC ( AA ): Free Stock Analysis Report BOEING CO ( BA ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report BON-TON STORES ( BONT ): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Markets had been in an upbeat mood in the morning session and the euro-zone's first sale of short-dated debt helped contributed significantly to initial gains.
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Among the 21 components that declined, Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ) and JPMorgan Chase & Co. (NYSE: JPM ) slumped 3.3%, 2.4%, 2.4% and 2.3%, respectively, and were the leading decliners. ALCOA INC ( AA ): Free Stock Analysis Report BOEING CO ( BA ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report BON-TON STORES ( BONT ): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Stocks like Macy's, Inc. (NYSE: M ), J. C. Penney Company, Inc. (NYSE: JCP ), Sears Holdings Corporation (NASDAQ: SHLD ), Bon-Ton Stores Inc. (NASDAQ: BONT ) and Saks Incorporated (NYSE: SKS ) plunged 5.0%, 3.9%, 5.1%, 6.6% and 4.4%, respectively.
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Among the 21 components that declined, Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ) and JPMorgan Chase & Co. (NYSE: JPM ) slumped 3.3%, 2.4%, 2.4% and 2.3%, respectively, and were the leading decliners. ALCOA INC ( AA ): Free Stock Analysis Report BOEING CO ( BA ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report BON-TON STORES ( BONT ): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Not only did the central bank disappoint the investors with no signs of a third monetary stimulus plan, but it also note of caution that the global financial situation could possibly dent US financial markets.
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Among the 21 components that declined, Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ) and JPMorgan Chase & Co. (NYSE: JPM ) slumped 3.3%, 2.4%, 2.4% and 2.3%, respectively, and were the leading decliners. ALCOA INC ( AA ): Free Stock Analysis Report BOEING CO ( BA ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report BON-TON STORES ( BONT ): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report PENNEY (JC) INC (JCP): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report SAKS INC (SKS): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. While Boeing Co. (NYSE: BA ) and Merck & Co. Inc. (NYSE: MRK ) managed to remain flat, only seven of the remaining Dow components could finish the day in green.
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1713.0
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2011-12-05 00:00:00 UTC
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Alcoa Downgraded to “Neutral” at Goldman Sachs (AA)
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AA
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https://www.nasdaq.com/articles/alcoa-downgraded-neutral-goldman-sachs-aa-2011-12-05
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The world's largest aluminum producer, Alcoa Inc. ( AA ), on Monday caught a big downgrade from analysts at Goldman Sachs.
The firm said it cut its rating on AA from "Buy" to "Neutral" with an six-month $11 price target. That target suggests an 11% upside to the stock's Friday closing price of $9.91.
Goldman also lowered its fourth quarter earnings estimates for the company from a profit of 8 cents per share to a loss of 3 cents per share. The analyst cited weaker aluminum prices and higher input costs for the move. Additionally, the firm lowered its full-year 2012 and 2013 estimates for AA, again due to weaker margin expectations.
Alcoa shares posted modest gains in premarket trading Monday.
The Bottom Line
Shares of Alcoa ( AA ) have a 1.21% dividend yield, based on Friday's closing stock price of $9.91. The stock has technical support in the $9 price area. If the shares can firm up, we see overhead resistance around the $12 price level.
Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The world's largest aluminum producer, Alcoa Inc. ( AA ), on Monday caught a big downgrade from analysts at Goldman Sachs. Additionally, the firm lowered its full-year 2012 and 2013 estimates for AA, again due to weaker margin expectations. The Bottom Line Shares of Alcoa ( AA ) have a 1.21% dividend yield, based on Friday's closing stock price of $9.91.
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The Bottom Line Shares of Alcoa ( AA ) have a 1.21% dividend yield, based on Friday's closing stock price of $9.91. The world's largest aluminum producer, Alcoa Inc. ( AA ), on Monday caught a big downgrade from analysts at Goldman Sachs. The firm said it cut its rating on AA from "Buy" to "Neutral" with an six-month $11 price target.
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The firm said it cut its rating on AA from "Buy" to "Neutral" with an six-month $11 price target. The Bottom Line Shares of Alcoa ( AA ) have a 1.21% dividend yield, based on Friday's closing stock price of $9.91. The world's largest aluminum producer, Alcoa Inc. ( AA ), on Monday caught a big downgrade from analysts at Goldman Sachs.
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The world's largest aluminum producer, Alcoa Inc. ( AA ), on Monday caught a big downgrade from analysts at Goldman Sachs. The firm said it cut its rating on AA from "Buy" to "Neutral" with an six-month $11 price target. Additionally, the firm lowered its full-year 2012 and 2013 estimates for AA, again due to weaker margin expectations.
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1714.0
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2011-12-02 00:00:00 UTC
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Stock Market News for December 2, 2011 - Market News
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AA
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https://www.nasdaq.com/articles/stock-market-news-for-december-2-2011-market-news-2011-12-02
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nan
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nan
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On Thursday, markets chose to take a pause from its three-day winning streak as an increase in initial claims for unemployment benefits dampened sentiment. Investors now anxiously await November jobs data scheduled for release today. The lull in market movement follows the near 500 point surge of the Dow on Wednesday, which was the blue-chip index's best performance since 2009.
The Dow Jones Industrial Average (DJIA) dropped 0.2% to settle the day at 12,020.03. The Standard & Poor 500 (S&P 500) also slipped 0.2% to end yesterday's trading at 1,244.59. The Nasdaq Composite Index was the lone gainer, edging up 0.2% to finish the day at 2,626.20. The fear-gauge CBOE Volatility Index (VIX) shed a few points to hover below 27.50. On the New York Stock Exchange, Amex and Nasdaq, consolidated volumes were 6.8 billion shares, lower than the current daily average of 7.97 billion shares traded per day. On the NYSE, for every three stocks that declined, two stocks posted an upward movement.
While 20 of the 30 Dow components finished in the red, the financial sector posted one of the heaviest falls among the S&P's 10 industry groups. The heaviest decliners for the blue-chip index, apart from the financials included Alcoa, Inc. (NYSE: AA ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), Microsoft Corporation (NASDAQ: MSFT ) and The Travelers Companies, Inc. (NYSE: TRV ) and they were down 2.1%, 1.1%, 1.0%, 1.2% and 2.2%, respectively.
As for the financial sector, the Financial Select Sector SPDR ( XLF ) was down 0.6%. Financial stocks like Citigroup, Inc. (NYSE: C ), The Goldman Sachs Group, Inc. (NYSE: GS ), Morgan Stanley (NYSE: MS ), UBS AG (NYSE: UBS ) and JPMorgan Chase & Co. (NYSE: JPM ) declined 1.8%, 1.5%, 1.9%, 3.1% and 1.7%, respectively.
The day's trade was dominated by jobs data from the U.S. Department of Labor, and after a few successive weeks of gains, unemployment benefits rose for the second consecutive week. According to the report, initial claims increased 6,000 from the previous week to a seasonally adjusted figure of 402,000, for the week ending November 26. Claims were not only significantly higher from the consensus estimates of a figure of 390, 000, but also moved above the key level of 400, 000.
While the disappointment due to the increase in initial claims contributed towards the benchmarks' modest fall, investors now awaited the non-farm payroll report from the government on Friday. This is a crucial report as total non-farm payroll accounts for approximately 80% of the workers who produce the entire gross domestic product of the United States. However, the concern and anxiousness were partially offset by the other economic data that came in.
The Institute for Supply Management reported that manufacturing sector had expanded in November. In addition, economic activity expanded for the 30th consecutive month. The Institute for Supply Management Manufacturing Business Survey Committee said: "The PMI registered 52.7 percent, an increase of 1.9 percentage points from October's reading of 50.8 percent, indicating expansion in the manufacturing sector for the 28th consecutive month". This reading also topped the estimates that projected a reading of 51.6.
The Construction spending report from the U.S. Census Bureau of the Department of Commerce noted "that construction spending during October 2011 was estimated at a seasonally adjusted annual rate of $798.5 billion, 0.8 percent (±1.6%)* above the revised September estimate of $792.1 billion". This increase of 0.8% was considerably higher than analyst's expectations of a 0.3% rise.
On the European front, French President Nicolas Sarkozy stated: "Let's face it, Europe can be swept by the crisis if it does not pull itself together, if it does not change". Meanwhile, European Central Bank president Mario Draghi said, in order to uphold the budget rules, Europe requires a "new fiscal compact". The domestic markets remained unaffected in the absence of significant developments in Europe. The markets also took a breather a day after it posted robust 4% upward movement, which was spurred by the coordinated action of central banks on Tuesday to ease the cost of borrowing in dollars.
ALCOA INC ( AA ): Free Stock Analysis Report
CITIGROUP INC ( C ): Free Stock Analysis Report
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CHEVRON CORP ( CVX ): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
MORGAN STANLEY (MS): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
TRAVELERS COS (TRV): Free Stock Analysis Report
UBS AG (UBS): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The heaviest decliners for the blue-chip index, apart from the financials included Alcoa, Inc. (NYSE: AA ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), Microsoft Corporation (NASDAQ: MSFT ) and The Travelers Companies, Inc. (NYSE: TRV ) and they were down 2.1%, 1.1%, 1.0%, 1.2% and 2.2%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report CITIGROUP INC ( C ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CHEVRON CORP ( CVX ): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report MORGAN STANLEY (MS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TRAVELERS COS (TRV): Free Stock Analysis Report UBS AG (UBS): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. While the disappointment due to the increase in initial claims contributed towards the benchmarks' modest fall, investors now awaited the non-farm payroll report from the government on Friday.
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The heaviest decliners for the blue-chip index, apart from the financials included Alcoa, Inc. (NYSE: AA ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), Microsoft Corporation (NASDAQ: MSFT ) and The Travelers Companies, Inc. (NYSE: TRV ) and they were down 2.1%, 1.1%, 1.0%, 1.2% and 2.2%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report CITIGROUP INC ( C ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CHEVRON CORP ( CVX ): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report MORGAN STANLEY (MS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TRAVELERS COS (TRV): Free Stock Analysis Report UBS AG (UBS): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Financial stocks like Citigroup, Inc. (NYSE: C ), The Goldman Sachs Group, Inc. (NYSE: GS ), Morgan Stanley (NYSE: MS ), UBS AG (NYSE: UBS ) and JPMorgan Chase & Co. (NYSE: JPM ) declined 1.8%, 1.5%, 1.9%, 3.1% and 1.7%, respectively.
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The heaviest decliners for the blue-chip index, apart from the financials included Alcoa, Inc. (NYSE: AA ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), Microsoft Corporation (NASDAQ: MSFT ) and The Travelers Companies, Inc. (NYSE: TRV ) and they were down 2.1%, 1.1%, 1.0%, 1.2% and 2.2%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report CITIGROUP INC ( C ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CHEVRON CORP ( CVX ): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report MORGAN STANLEY (MS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TRAVELERS COS (TRV): Free Stock Analysis Report UBS AG (UBS): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Financial stocks like Citigroup, Inc. (NYSE: C ), The Goldman Sachs Group, Inc. (NYSE: GS ), Morgan Stanley (NYSE: MS ), UBS AG (NYSE: UBS ) and JPMorgan Chase & Co. (NYSE: JPM ) declined 1.8%, 1.5%, 1.9%, 3.1% and 1.7%, respectively.
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The heaviest decliners for the blue-chip index, apart from the financials included Alcoa, Inc. (NYSE: AA ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), Microsoft Corporation (NASDAQ: MSFT ) and The Travelers Companies, Inc. (NYSE: TRV ) and they were down 2.1%, 1.1%, 1.0%, 1.2% and 2.2%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report CITIGROUP INC ( C ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CHEVRON CORP ( CVX ): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report MORGAN STANLEY (MS): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TRAVELERS COS (TRV): Free Stock Analysis Report UBS AG (UBS): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. While 20 of the 30 Dow components finished in the red, the financial sector posted one of the heaviest falls among the S&P's 10 industry groups.
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1715.0
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2011-12-01 00:00:00 UTC
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Stock Market News for December 1, 2011 - Market News
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AA
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https://www.nasdaq.com/articles/stock-market-news-for-december-1-2011-market-news-2011-12-01
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On Wednesday, the Dow recorded its largest rally since March 2009 after coordinated action by the central banks to ease the cost of borrowing in dollars helped the markets gain over 4%. Encouraging domestic economic data also chipped in to add to the gains and the fear-gauge index slipped well below the technical level of 30.
On a day when the benchmarks looked determined to soar higher, the Dow Jones Industrial Average (DJIA) recorded its seventh-largest rally ever, gaining 490 points or 4.2% to finish the day at 12,045.68. The Standard & Poor 500 (S&P 500) increased by 4.3% to soar to 1,246.96 by the end of the trading session. The Nasdaq Composite Index leapt 4.2% and closed the day at 2,620.34. The fear-gauge CBOE Volatility Index (VIX) is back below the key level of 30 and it settled below 28 yesterday. The Street had a busy day after a few sessions with low volumes and consolidated volumes on the New York Stock Exchange, Amex and Nasdaq were 10 billion shares, substantively higher than the daily average of 7.96 billion shares. On the NYSE, for seven stocks that advanced, just one stock traded lower.
The day's gains pushed the Dow back into the positive territory for the year and it is up 4% year to date. However, the gains were not enough to wipe away the losses the benchmarks had suffered this month and while the Dow ended up 0.6% for the month, the S&P 500 and Nasdaq were down 0.5% and 2.3%, respectively. Coming back to the year-to-date performance, the S&P 500 and Nasdaq are down 0.9% and 1.2%, respectively.
If the Dow surged by about 500 points, it is almost certain that all of its 30 components would enjoy a green finish. Stocks that led the race were Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), General Electric Company (NYSE: GE ), JPMorgan Chase & Co. (NYSE: JPM ), Walt Disney Co. (NYSE: DIS ) and Cisco Systems, Inc. (NASDAQ: CSCO ) and they jumped 7.6%, 7.3%, 8.1%, 5.6%, 6.6%, 8.4%, 5.4% and 5.4%, respectively.
Coordinated action by the world's central banks to reduce the cost of dollar funding though swap arrangements was the major reason behind the market's gains. The European Central Bank, the Central Bank of Canada, and also those of the U.K., Japan and Switzerland provided much needed relief to global markets. The banks stated that the step was taken in order to "ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity".
Separately, for the first time ever since 2008, China lowered cash reserve requirements for its banks. The People's Bank of China (PBOC) lowered the bank reserve requirements by 50 basis points. The move reflects an easier monetary policy, contrary to the Chinese central bank's policy of monetary tightening.
A host of encouraging domestic economic data also added to the momentum. An increase in hiring, higher home sales and the Fed's Beige Book's suggestion of a moderate pace of economic expansion boosted investor sentiment. According to data by Automatic Data Processing, Inc. (NASDAQ: ADP ) the private sector added a seasonally adjusted 206,000 jobs in November, the largest increase in hiring since December 2010. The gains were boosted by the service-producing sector and small businesses.
Separately, the National Association of Realtors (NAR) reported a strong increase in pending home sales in October as the Pending Home Sales Index jumped 10.4% to 93.3 in October from 84.5 in September. According to NAR chief economist, Lawrence Yun: "Many consumers are recognizing that home buyers in the past two years have had one of the lowest default rates in history. Moreover, continued inventory declines are another healthy sign for the housing market".
Separately, the Fed's Beige Book stated: "Overall economic activity increased at a slow to moderate pace since the previous report across all Federal Reserve Districts except St. Louis, which reported a decline in economic activity". Additionally, The Chicago Purchasing Managers Index, a regional indicator of the economic health of the manufacturing sector in Illinois, Indiana and Michigan, reported a rise in manufacturing activity to 62.6, which topped consensus estimates of 58.4.
ALCOA INC ( AA ): Free Stock Analysis Report
AUTOMATIC DATA ( ADP ): Free Stock Analysis Report
BANK OF AMER CP ( BAC ): Free Stock Analysis Report
CATERPILLAR INC ( CAT ): Free Stock Analysis Report
CISCO SYSTEMS ( CSCO ): Free Stock Analysis Report
CHEVRON CORP (CVX): Free Stock Analysis Report
DISNEY WALT (DIS): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks that led the race were Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), General Electric Company (NYSE: GE ), JPMorgan Chase & Co. (NYSE: JPM ), Walt Disney Co. (NYSE: DIS ) and Cisco Systems, Inc. (NASDAQ: CSCO ) and they jumped 7.6%, 7.3%, 8.1%, 5.6%, 6.6%, 8.4%, 5.4% and 5.4%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report AUTOMATIC DATA ( ADP ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CISCO SYSTEMS ( CSCO ): Free Stock Analysis Report CHEVRON CORP (CVX): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On Wednesday, the Dow recorded its largest rally since March 2009 after coordinated action by the central banks to ease the cost of borrowing in dollars helped the markets gain over 4%.
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Stocks that led the race were Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), General Electric Company (NYSE: GE ), JPMorgan Chase & Co. (NYSE: JPM ), Walt Disney Co. (NYSE: DIS ) and Cisco Systems, Inc. (NASDAQ: CSCO ) and they jumped 7.6%, 7.3%, 8.1%, 5.6%, 6.6%, 8.4%, 5.4% and 5.4%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report AUTOMATIC DATA ( ADP ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CISCO SYSTEMS ( CSCO ): Free Stock Analysis Report CHEVRON CORP (CVX): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Separately, the National Association of Realtors (NAR) reported a strong increase in pending home sales in October as the Pending Home Sales Index jumped 10.4% to 93.3 in October from 84.5 in September.
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Stocks that led the race were Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), General Electric Company (NYSE: GE ), JPMorgan Chase & Co. (NYSE: JPM ), Walt Disney Co. (NYSE: DIS ) and Cisco Systems, Inc. (NASDAQ: CSCO ) and they jumped 7.6%, 7.3%, 8.1%, 5.6%, 6.6%, 8.4%, 5.4% and 5.4%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report AUTOMATIC DATA ( ADP ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CISCO SYSTEMS ( CSCO ): Free Stock Analysis Report CHEVRON CORP (CVX): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Separately, the Fed's Beige Book stated: "Overall economic activity increased at a slow to moderate pace since the previous report across all Federal Reserve Districts except St. Louis, which reported a decline in economic activity".
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ALCOA INC ( AA ): Free Stock Analysis Report AUTOMATIC DATA ( ADP ): Free Stock Analysis Report BANK OF AMER CP ( BAC ): Free Stock Analysis Report CATERPILLAR INC ( CAT ): Free Stock Analysis Report CISCO SYSTEMS ( CSCO ): Free Stock Analysis Report CHEVRON CORP (CVX): Free Stock Analysis Report DISNEY WALT (DIS): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Stocks that led the race were Alcoa, Inc. (NYSE: AA ), Bank of America Corporation (NYSE: BAC ), Caterpillar Inc. (NYSE: CAT ), Chevron Corporation (NYSE: CVX ), General Electric Company (NYSE: GE ), JPMorgan Chase & Co. (NYSE: JPM ), Walt Disney Co. (NYSE: DIS ) and Cisco Systems, Inc. (NASDAQ: CSCO ) and they jumped 7.6%, 7.3%, 8.1%, 5.6%, 6.6%, 8.4%, 5.4% and 5.4%, respectively. On a day when the benchmarks looked determined to soar higher, the Dow Jones Industrial Average (DJIA) recorded its seventh-largest rally ever, gaining 490 points or 4.2% to finish the day at 12,045.68.
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1716.0
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2011-11-23 00:00:00 UTC
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Zacks Sell List Highlights: Sirona Dental Systems, Alcoa, K12 and Monro Muffler Brake - Press Releases
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AA
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https://www.nasdaq.com/articles/zacks-sell-list-highlights%3A-sirona-dental-systems-alcoa-k12-and-monro-muffler-brake-press
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For Immediate Release
Chicago, IL - November 23, 2011 - Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List - Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Sirona Dental Systems, Inc. ( SIRO ) and Alcoa Inc. ( AA ). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: K12 Inc. ( LRN ) and Monro Muffler Brake, Inc. ( MNRO ).
To see the full Zacks #5 Rank List - Stocks to Sell Now visit : http://at.zacks.com/?id=92
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.
Here is a synopsis of why SIRO and AA have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:
Sirona Dental Systems, Inc. ( SIRO ) announced fourth-quarter profit of 56 cents per share on November 18 that missed analysts' expectations by 9.68%. The Zacks Consensus Estimate for the current year slid to $3.19 per share from $3.33 per share in the last 30 days as next year's estimate dipped 5 cents per share to $3.53 per share in that time span.
Alcoa Inc. ( AA ) posted a third-quarter profit of 14 cents per share on October 12, which came in 8 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to 86 cents per share from 88 cents per share over the past month. For 2012, analysts expect a profit of $1 per share, compared to last month's projection for a profit of $1.03 per share.
Here is a synopsis of why LRN and MNRO have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;
K12 Inc. ( LRN ) first-quarter profit of 18 cents per share, posted on November 15, lagged analysts' projections by 28%. Estimate for current year slid 15 cents per share to 72 cents per share over a month as next year's estimate dipped 7 cents per share to $1.14 per share in that time span.
Monro Muffler Brake, Inc. ( MNRO ) reported a second-quarter profit of 47 cents per share on October 20 that fell 2.08% short of the Zacks Consensus Estimate. The full-year average forecast is currently $1.71 per share, compared with last two month's projection of $1.75 per share. Next year's forecast dropped to $1.99 per share from $2.04 per share in the same period.
Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report; "Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions" is available to provide this insightful background. Download a free copy now to prosper in the years to come at http://at.zacks.com/?id=93
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (2.8% versus +9.7%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=94
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns instock market datathat would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=95
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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ALCOA INC ( AA ): Free Stock Analysis Report
K12 INC ( LRN ): Free Stock Analysis Report
MONRO MUFFLER ( MNRO ): Free Stock Analysis Report
SIRONA DENTAL ( SIRO ): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Sirona Dental Systems, Inc. ( SIRO ) and Alcoa Inc. ( AA ). Here is a synopsis of why SIRO and AA have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Alcoa Inc. ( AA ) posted a third-quarter profit of 14 cents per share on October 12, which came in 8 cents wider than the average forecast.
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These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Sirona Dental Systems, Inc. ( SIRO ) and Alcoa Inc. ( AA ). 9339 support@zacks.com http://www.zacks.com ALCOA INC ( AA ): Free Stock Analysis Report K12 INC ( LRN ): Free Stock Analysis Report MONRO MUFFLER ( MNRO ): Free Stock Analysis Report SIRONA DENTAL ( SIRO ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Here is a synopsis of why SIRO and AA have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months.
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9339 support@zacks.com http://www.zacks.com ALCOA INC ( AA ): Free Stock Analysis Report K12 INC ( LRN ): Free Stock Analysis Report MONRO MUFFLER ( MNRO ): Free Stock Analysis Report SIRONA DENTAL ( SIRO ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Sirona Dental Systems, Inc. ( SIRO ) and Alcoa Inc. ( AA ). Here is a synopsis of why SIRO and AA have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months.
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These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Sirona Dental Systems, Inc. ( SIRO ) and Alcoa Inc. ( AA ). Here is a synopsis of why SIRO and AA have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Alcoa Inc. ( AA ) posted a third-quarter profit of 14 cents per share on October 12, which came in 8 cents wider than the average forecast.
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1717.0
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2011-11-21 00:00:00 UTC
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Alcoa Seeks Refinery Extension - Analyst Blog
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AA
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https://www.nasdaq.com/articles/alcoa-seeks-refinery-extension-analyst-blog-2011-11-21
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Aluminum producer, Alcoa Inc. ( AA ) applied for a five-year extension of its environmental approval to expand its Wagerup refinery in Western Australia as the previous consent period has expired.
Alcoa suspended its proposed expansion of the Wagerup refinery in November 2008 after the global credit crisis curbed demand.
The Alcoa World Alumina & Chemical, or AWAC venture, 60% owned by Alcoa and 40% controlled by Melbourne-based Alumina, produces alumina, which is refined into aluminum, used in making aircraft and beverage cans.
Recently, Alcoa announced at its Investors Day at Davenport, Iowa, that its technology and innovative products are being positioned for profitable growth, particularly in the aerospace and automotive markets.
For rolled products Alcoa expects to add $2.5 billion to the top line by 2013. The company expects to achieve 50% to 60% of this revenue growth in 2011.
Most of the growth for Alcoa has come from the auto industry, where new fuel efficiency requirements are driving demand for lighter-weight car and truck bodies. Sales growth was also witnessed in the aerospace sector. The company's aerospace business is expected to grow by 9% over the next four to five years due, in part, to increasing build rates in the aerospace industry.
The company is targeting to boost its engineered products business, which provides specialized aluminum products for various industries. Alcoa has set a revenue growth target of $1.6 billion by 2013 and forecasts to grow 40% to 45% growth in 2011.
Alcoa is lowering its cost position in the upstream businesses to capture increased value from growing aluminum demand, while driving profitable growth in the mid- and downstream businesses through innovative products and unique partnerships.
The company expects to generate more revenue from alumina as the company moves away from London Metal Exchange pricing to a system based on alumina spot price indexes. Alcoa expects its primary metal costs to come down once its new Ma'aden smelter in Saudi Arabia comes online in 2014.
Alcoa reiterated its estimate that global demand for the lightweight metal will grow by 12% in 2011 and double by 2020, driven by strong usage in developing nations.
Like in Alcoa's other businesses, there is potential growth for the rolled products in the new emerging markets.
In October 2011, the company reported adjusted earnings of 15 cents per share, missing the Zacks Consensus Estimate of 22 cents. Adjusted earnings more than doubled from 6 cents reported in the year-ago quarter, but were 46.4% lower than the sequential quarter earnings of 28 cents due to lower metal prices, seasonal factors and weakness in Europe.
Revenues for the quarter were up 21% year over year to $6.419 billion, and were down from $6.585 billion in the sequential quarter. Alcoa's end-markets demonstrated strong revenue growth, on a year-over-year basis whereas, sequentially the company experienced mixed market conditions.
Revenue was lower for both alumina and aluminum, down 5% and 1%, respectively, driven by lower alumina shipments and lower realized pricing in both businesses. In the end-markets, revenue increased in commercial transportation (6%) and aerospace (2%), while declines were seen in automotive (7%), industrial products (6%), building and construction (5%), and packaging (4%).
The company's adjusted EBITDA was $821 million, up 36% from third quarter 2010, but down 21% from second quarter 2011.
Currently, Alcoa has a short-term (1 to 3 months) Zacks #5 Strong S4ell rating and a long-term (6 months) Neutral recommendation.
Alcoa faces stiff competition from Aluminum Corporation Of China Limited ( ACH ) or Chalco.
ALCOA INC ( AA ): Free Stock Analysis Report
ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aluminum producer, Alcoa Inc. ( AA ) applied for a five-year extension of its environmental approval to expand its Wagerup refinery in Western Australia as the previous consent period has expired. ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Recently, Alcoa announced at its Investors Day at Davenport, Iowa, that its technology and innovative products are being positioned for profitable growth, particularly in the aerospace and automotive markets.
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ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aluminum producer, Alcoa Inc. ( AA ) applied for a five-year extension of its environmental approval to expand its Wagerup refinery in Western Australia as the previous consent period has expired. Alcoa is lowering its cost position in the upstream businesses to capture increased value from growing aluminum demand, while driving profitable growth in the mid- and downstream businesses through innovative products and unique partnerships.
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ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aluminum producer, Alcoa Inc. ( AA ) applied for a five-year extension of its environmental approval to expand its Wagerup refinery in Western Australia as the previous consent period has expired. The Alcoa World Alumina & Chemical, or AWAC venture, 60% owned by Alcoa and 40% controlled by Melbourne-based Alumina, produces alumina, which is refined into aluminum, used in making aircraft and beverage cans.
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Aluminum producer, Alcoa Inc. ( AA ) applied for a five-year extension of its environmental approval to expand its Wagerup refinery in Western Australia as the previous consent period has expired. ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa suspended its proposed expansion of the Wagerup refinery in November 2008 after the global credit crisis curbed demand.
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1718.0
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2011-11-18 00:00:00 UTC
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Alcoa, Embraer In Technology Deal - Analyst Blog
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AA
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https://www.nasdaq.com/articles/alcoa-embraer-in-technology-deal-analyst-blog-2011-11-18
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Alcoa Inc. ( AA ) announced that it has reached a deal with Embraer S.A. ( ERJ ) to supply its products for the latter's next-generation airliners.
As per the agreement Embraer S.A. will utilize Alcoa's proprietary aluminum alloys, advanced design and manufacturing techniques, and its fastener technologies to support Embraer's development of new high-performance metallic fuselage and wing solutions for its family of aircraft.
The new agreement will leverage Alcoa's 100 years of aerospace technology experience and latest technology innovations to help Embraer develop high-performance aluminum aircraft using the newest aluminum products including aluminum and aluminum lithium alloys; advanced design approaches and structural technologies; and the latest fastener and joining technologies.
Embraer S.A. is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters.
Alcoa Inc., a Pennsylvania-based corporation, is among the world's leading producers of primary and fabricated aluminum and alumina. It mines, refines, smelts, fabricates and recycles aluminum. We believe that Alcoa's cost reduction efforts are, to some extent, offsetting the negative impact of higher energy and raw material costs.
Recently, Alcoa released its third quarter 2011 results. The company reported adjusted earnings per share of 15 cents, missing the Zacks Consensus Estimate of 22 cents. Adjusted earnings more than doubled from 6 cents reported in the year-ago quarter, but were 46.4% lower than the sequential quarter earnings of 28 cents due to lower metal prices, seasonal factors and weakness in Europe.
Revenues for the quarter were up 21% year over year to $6.419 billion, and were down from $6.585 billion in the sequential quarter. Alcoa's end-markets demonstrated strong revenue growth, on a year-over-year basis whereas, sequentially the company experienced mixed market conditions.
Revenue was lower for both alumina and aluminum, down 5% and 1%, respectively, driven by lower alumina shipments and lower realized pricing in both businesses. In the end-markets, revenue increased in commercial transportation (6%) and aerospace (2%), while declines were seen in automotive (7%), industrial products (6%), building and construction (5%), and packaging (4%).
The company's adjusted EBITDA was $821 million, up 36% from third quarter 2010, but down 21% from second quarter 2011.
Management remained cautious regarding the global economy (and Europe), but it reiterated its 12% growth estimate for aluminum demand in 2011, as well as its belief that global consumption of aluminum will double by 2020.
Alcoa expects aerospace and automotive demand to remain strong. Alcoa forecasts aerospace demand will continue to grow in the second half of 2011 and the year-end growth rate will be between 6% and 7%. In the automotive market, Alcoa projects continued growth in the second half of 2011 and a year-over-year improvement of 3% to 5%.
Growing demand for aluminum beverage cans in China, Europe and the Middle East will offset flat-to-declining markets in the United States and drive overall packaging market growth of 2% to 3% in 2011 compared to 2010. The recovery in the industrial gas turbine market continues to support a brighter long-term outlook and a 2011 growth projection of 5% to 10%.
The building and construction market continues to struggle in North America and Europe, leading to a growth projection of 1% to 3%, primarily due to continued strength in non-residential construction in China.
The outlook for commercial transportation is mixed, with a weaker second half of 2011, driven primarily by lower sales in Europe and China , offsetting strong first-half results and continued gains in the North American market. Alcoa projects heavy truck and trailer sales to range from flat to 2% growth over 2010.
Currently, Alcoa has a short-term (1 to 3 months) Zacks #3 Hold rating and a long-term (6 months) Neutral recommendation.
Besides Alcoa, Aluminum Corporation Of China Limited ( ACH ) or Chalco is also a major player in the industry.
ALCOA INC ( AA ): Free Stock Analysis Report
ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report
EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa Inc. ( AA ) announced that it has reached a deal with Embraer S.A. ( ERJ ) to supply its products for the latter's next-generation airliners. ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa's end-markets demonstrated strong revenue growth, on a year-over-year basis whereas, sequentially the company experienced mixed market conditions.
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ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa Inc. ( AA ) announced that it has reached a deal with Embraer S.A. ( ERJ ) to supply its products for the latter's next-generation airliners. As per the agreement Embraer S.A. will utilize Alcoa's proprietary aluminum alloys, advanced design and manufacturing techniques, and its fastener technologies to support Embraer's development of new high-performance metallic fuselage and wing solutions for its family of aircraft.
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ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa Inc. ( AA ) announced that it has reached a deal with Embraer S.A. ( ERJ ) to supply its products for the latter's next-generation airliners. The new agreement will leverage Alcoa's 100 years of aerospace technology experience and latest technology innovations to help Embraer develop high-performance aluminum aircraft using the newest aluminum products including aluminum and aluminum lithium alloys; advanced design approaches and structural technologies; and the latest fastener and joining technologies.
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Alcoa Inc. ( AA ) announced that it has reached a deal with Embraer S.A. ( ERJ ) to supply its products for the latter's next-generation airliners. ALCOA INC ( AA ): Free Stock Analysis Report ALUMINUM CP-ADR ( ACH ): Free Stock Analysis Report EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa Inc., a Pennsylvania-based corporation, is among the world's leading producers of primary and fabricated aluminum and alumina.
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1719.0
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2011-11-18 00:00:00 UTC
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Stock Market News for November 18, 2011 - Market News
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AA
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https://www.nasdaq.com/articles/stock-market-news-for-november-18-2011-market-news-2011-11-18
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A positive initial claims report failed to lift benchmarks as incremental borrowing costs in Europe and concerns about the region's debt crisis dented the markets once again. Selling intensified further after a key benchmark fell below a technical level.
The Dow Jones Industrial Average (DJIA) slumped 134 points or 1.1% to settle at 11,770.88. The Standard & Poor 500 (S&P 500) plunged 1.7% and closed at 1,216.18. The Nasdaq Composite Index settled at 2,587.99, dropping roughly 2.0%. The fear-gauge CBOE Volatility Index (VIX) moved up to trade over 34. On the New York Stock Exchange, Amex and Nasdaq, consolidated volumes were 8.6 billion shares, higher than the current daily average which is just above 8 billion shares. For four stocks that declined on the NYSE, only one stock managed to settle in the green.
All of the 30 Dow components settled in negative territory, except Verizon Communications Inc. (NYSE: VZ ) and Wal-Mart Stores Inc. (NYSE: WMT ) that managed negligible gains of 0.1% and 0.09%. Leading the declines were Alcoa, Inc. (NYSE: AA ), American Express Company (NYSE: AXP ), E. I. du Pont de Nemours and Company (NYSE: DD ), General Electric Company (NYSE: GE ), Hewlett-Packard Company (NYSE: HPQ ), JPMorgan Chase & Co. (NYSE: JPM ) and United Technologies Corp. (NYSE: UTX ) which dropped 3.5%, 3.0%, 2.2%, 1.9%, 2.3%, 3.1% and 2.3%, respectively.
The blue-chip index had shed more than 200 points at one point, but it recouped some of those later. However, incremental worries are having an adverse impact and the Dow is down 325 points over the last two sessions.
Selling intensified once investor confidence was further dented after the S&P 500 index fell below the key technical level of 1,225. The index had failed to break above the said level for two months starting August, until late October when it reached a two-month high.
As strategists and central banks struggle to ease European debt concerns, borrowing costs of some of the nations of region have been mounting. Italian 10-year bond yields had soared over 7% last week, causing significant damage to the markets. Italian bond-yields have once again reached this unsustainable level, and Spanish bonds have hit their highest levels since 1997. The Spanish Treasury sold 10-year bills with a maximum value over 7%. France is also not far behind in the race as its borrowing cost are also showing an upward movement.
As fears gripped the markets and recessionary worries weighed on investor sentiment, a strong report from the Labor department and a rebound in permits for future home construction could hardly make any impact. The U.S. Department of Labor reported that seasonally adjusted initial claims for the week ending November 12 had decreased by 5,000 from the prior week's revised figure of 393,000. The data not only came in ahead of 394, 000, the consensus estimate for the current period, but was also at its lowest level in seven-months.
In a separate report, the U.S. Census Bureau and the Department of Housing and Urban Development said: "Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 653,000. This is 10.9 percent (±1.6%) above the revised September rate of 589,000 and is 17.7 percent (±3.4%) above the October 2010 estimate of 555,000". As for the housing starts, the report stated that "privately-owned housing starts in October were down 0.3% following a 7.7% rally in September to a seasonally adjusted annual rate of 628,000".
ALCOA INC ( AA ): Free Stock Analysis Report
AMER EXPRESS CO ( AXP ): Free Stock Analysis Report
DU PONT ( EI ) DE ( DD ): Free Stock Analysis Report
GENL ELECTRIC ( GE ): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
UTD TECHS CORP (UTX): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading the declines were Alcoa, Inc. (NYSE: AA ), American Express Company (NYSE: AXP ), E. I. du Pont de Nemours and Company (NYSE: DD ), General Electric Company (NYSE: GE ), Hewlett-Packard Company (NYSE: HPQ ), JPMorgan Chase & Co. (NYSE: JPM ) and United Technologies Corp. (NYSE: UTX ) which dropped 3.5%, 3.0%, 2.2%, 1.9%, 2.3%, 3.1% and 2.3%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report AMER EXPRESS CO ( AXP ): Free Stock Analysis Report DU PONT ( EI ) DE ( DD ): Free Stock Analysis Report GENL ELECTRIC ( GE ): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. A positive initial claims report failed to lift benchmarks as incremental borrowing costs in Europe and concerns about the region's debt crisis dented the markets once again.
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Leading the declines were Alcoa, Inc. (NYSE: AA ), American Express Company (NYSE: AXP ), E. I. du Pont de Nemours and Company (NYSE: DD ), General Electric Company (NYSE: GE ), Hewlett-Packard Company (NYSE: HPQ ), JPMorgan Chase & Co. (NYSE: JPM ) and United Technologies Corp. (NYSE: UTX ) which dropped 3.5%, 3.0%, 2.2%, 1.9%, 2.3%, 3.1% and 2.3%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report AMER EXPRESS CO ( AXP ): Free Stock Analysis Report DU PONT ( EI ) DE ( DD ): Free Stock Analysis Report GENL ELECTRIC ( GE ): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. A positive initial claims report failed to lift benchmarks as incremental borrowing costs in Europe and concerns about the region's debt crisis dented the markets once again.
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Leading the declines were Alcoa, Inc. (NYSE: AA ), American Express Company (NYSE: AXP ), E. I. du Pont de Nemours and Company (NYSE: DD ), General Electric Company (NYSE: GE ), Hewlett-Packard Company (NYSE: HPQ ), JPMorgan Chase & Co. (NYSE: JPM ) and United Technologies Corp. (NYSE: UTX ) which dropped 3.5%, 3.0%, 2.2%, 1.9%, 2.3%, 3.1% and 2.3%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report AMER EXPRESS CO ( AXP ): Free Stock Analysis Report DU PONT ( EI ) DE ( DD ): Free Stock Analysis Report GENL ELECTRIC ( GE ): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. A positive initial claims report failed to lift benchmarks as incremental borrowing costs in Europe and concerns about the region's debt crisis dented the markets once again.
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Leading the declines were Alcoa, Inc. (NYSE: AA ), American Express Company (NYSE: AXP ), E. I. du Pont de Nemours and Company (NYSE: DD ), General Electric Company (NYSE: GE ), Hewlett-Packard Company (NYSE: HPQ ), JPMorgan Chase & Co. (NYSE: JPM ) and United Technologies Corp. (NYSE: UTX ) which dropped 3.5%, 3.0%, 2.2%, 1.9%, 2.3%, 3.1% and 2.3%, respectively. ALCOA INC ( AA ): Free Stock Analysis Report AMER EXPRESS CO ( AXP ): Free Stock Analysis Report DU PONT ( EI ) DE ( DD ): Free Stock Analysis Report GENL ELECTRIC ( GE ): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report UTD TECHS CORP (UTX): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. For four stocks that declined on the NYSE, only one stock managed to settle in the green.
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1720.0
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2011-11-18 00:00:00 UTC
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Company News for November 18, 2011 - Corporate Summary
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AA
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https://www.nasdaq.com/articles/company-news-for-november-18-2011-corporate-summary-2011-11-18
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• Sears Holdings Corporation (NASDAQ: SHLD ) posted Q3 adjusted loss of $2.57 per share, wider than the Zacks Consensus Estimate of a loss of $2.14 per share. Revenues for the quarter dropped 1.2% to $9.57 billion
• Embraer S.A. (NYSE: ERJ ) and Alcoa Inc. (NYSE: AA ) entered into a new technology sharing agreement, which will enable Embraer to improve the fuselage and the wings for its family of aircraft
• According to a Wall Street Journal report, companies like Foot Locker (NYSE: FL ), will lose the most from a standoff between owners and players of the National Basketball Association since the company generates a significant amount of revenue from selling basketball related products
• Goldman Sachs upgraded shares of American Tower Corporation (NYSE: AMT ) to its Conviction Buy list. Earlier the shares were rated "Buy"
• Oppenheimer upgraded shares of Cadence Pharmaceuticals, Inc. (NASDAQ: CADX ) to a "Perform" rating from "Underperform"
• Share prices of ACCO Brands Corp. (NYSE: ABD ) rocketed 26.44% to close at $8.80 after the company inked an agreement as per which it will merge with MeadWestvaco Corp. (NYSE: MWV ) in a deal worth $860 million
• Chip technology company Rambus Inc's. (NASDAQ: RMBS ) share prices increased 23.49%, day after plummeting more than 60% after the company lost a long drawn legal anti-trust case against Hynix Semiconductor and Micron Technology (NYSE: MU )
• Shares of youth clothing chain Children's Place Retail Stores, Inc. (NASDAQ: PLCE ) gained 15.13% to close at $51.81 after the company increased its earnings outlook for 2011
• Shares of Zoll Medical Corporation (NASDAQ: ZOLL ) advanced 22.94% to end the day at $43.84 after the defibrillator-maker forecasted its revenue for 2012, which exceeded Street's estimates
ALCOA INC ( AA ): Free Stock Analysis Report
ACCO BRANDS CP ( ABD ): Free Stock Analysis Report
AMER TOWER CORP ( AMT ): Free Stock Analysis Report
CADENCE PHARMA ( CADX ): Free Stock Analysis Report
EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
MICRON TECH (MU): Free Stock Analysis Report
MEADWESTVACO CP (MWV): Free Stock Analysis Report
CHILDRENS PLACE (PLCE): Free Stock Analysis Report
RAMBUS INC (RMBS): Free Stock Analysis Report
SEARS HLDG CP (SHLD): Free Stock Analysis Report
ZOLL MEDICAL CO (ZOLL): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Revenues for the quarter dropped 1.2% to $9.57 billion • Embraer S.A. (NYSE: ERJ ) and Alcoa Inc. (NYSE: AA ) entered into a new technology sharing agreement, which will enable Embraer to improve the fuselage and the wings for its family of aircraft • According to a Wall Street Journal report, companies like Foot Locker (NYSE: FL ), will lose the most from a standoff between owners and players of the National Basketball Association since the company generates a significant amount of revenue from selling basketball related products • Goldman Sachs upgraded shares of American Tower Corporation (NYSE: AMT ) to its Conviction Buy list. (NASDAQ: RMBS ) share prices increased 23.49%, day after plummeting more than 60% after the company lost a long drawn legal anti-trust case against Hynix Semiconductor and Micron Technology (NYSE: MU ) • Shares of youth clothing chain Children's Place Retail Stores, Inc. (NASDAQ: PLCE ) gained 15.13% to close at $51.81 after the company increased its earnings outlook for 2011 • Shares of Zoll Medical Corporation (NASDAQ: ZOLL ) advanced 22.94% to end the day at $43.84 after the defibrillator-maker forecasted its revenue for 2012, which exceeded Street's estimates ALCOA INC ( AA ): Free Stock Analysis Report ACCO BRANDS CP ( ABD ): Free Stock Analysis Report AMER TOWER CORP ( AMT ): Free Stock Analysis Report CADENCE PHARMA ( CADX ): Free Stock Analysis Report EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report MICRON TECH (MU): Free Stock Analysis Report MEADWESTVACO CP (MWV): Free Stock Analysis Report CHILDRENS PLACE (PLCE): Free Stock Analysis Report RAMBUS INC (RMBS): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report ZOLL MEDICAL CO (ZOLL): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Earlier the shares were rated "Buy" • Oppenheimer upgraded shares of Cadence Pharmaceuticals, Inc. (NASDAQ: CADX ) to a "Perform" rating from "Underperform" • Share prices of ACCO Brands Corp. (NYSE: ABD ) rocketed 26.44% to close at $8.80 after the company inked an agreement as per which it will merge with MeadWestvaco Corp. (NYSE: MWV ) in a deal worth $860 million • Chip technology company Rambus Inc's.
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Revenues for the quarter dropped 1.2% to $9.57 billion • Embraer S.A. (NYSE: ERJ ) and Alcoa Inc. (NYSE: AA ) entered into a new technology sharing agreement, which will enable Embraer to improve the fuselage and the wings for its family of aircraft • According to a Wall Street Journal report, companies like Foot Locker (NYSE: FL ), will lose the most from a standoff between owners and players of the National Basketball Association since the company generates a significant amount of revenue from selling basketball related products • Goldman Sachs upgraded shares of American Tower Corporation (NYSE: AMT ) to its Conviction Buy list. (NASDAQ: RMBS ) share prices increased 23.49%, day after plummeting more than 60% after the company lost a long drawn legal anti-trust case against Hynix Semiconductor and Micron Technology (NYSE: MU ) • Shares of youth clothing chain Children's Place Retail Stores, Inc. (NASDAQ: PLCE ) gained 15.13% to close at $51.81 after the company increased its earnings outlook for 2011 • Shares of Zoll Medical Corporation (NASDAQ: ZOLL ) advanced 22.94% to end the day at $43.84 after the defibrillator-maker forecasted its revenue for 2012, which exceeded Street's estimates ALCOA INC ( AA ): Free Stock Analysis Report ACCO BRANDS CP ( ABD ): Free Stock Analysis Report AMER TOWER CORP ( AMT ): Free Stock Analysis Report CADENCE PHARMA ( CADX ): Free Stock Analysis Report EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report MICRON TECH (MU): Free Stock Analysis Report MEADWESTVACO CP (MWV): Free Stock Analysis Report CHILDRENS PLACE (PLCE): Free Stock Analysis Report RAMBUS INC (RMBS): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report ZOLL MEDICAL CO (ZOLL): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Earlier the shares were rated "Buy" • Oppenheimer upgraded shares of Cadence Pharmaceuticals, Inc. (NASDAQ: CADX ) to a "Perform" rating from "Underperform" • Share prices of ACCO Brands Corp. (NYSE: ABD ) rocketed 26.44% to close at $8.80 after the company inked an agreement as per which it will merge with MeadWestvaco Corp. (NYSE: MWV ) in a deal worth $860 million • Chip technology company Rambus Inc's.
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Revenues for the quarter dropped 1.2% to $9.57 billion • Embraer S.A. (NYSE: ERJ ) and Alcoa Inc. (NYSE: AA ) entered into a new technology sharing agreement, which will enable Embraer to improve the fuselage and the wings for its family of aircraft • According to a Wall Street Journal report, companies like Foot Locker (NYSE: FL ), will lose the most from a standoff between owners and players of the National Basketball Association since the company generates a significant amount of revenue from selling basketball related products • Goldman Sachs upgraded shares of American Tower Corporation (NYSE: AMT ) to its Conviction Buy list. (NASDAQ: RMBS ) share prices increased 23.49%, day after plummeting more than 60% after the company lost a long drawn legal anti-trust case against Hynix Semiconductor and Micron Technology (NYSE: MU ) • Shares of youth clothing chain Children's Place Retail Stores, Inc. (NASDAQ: PLCE ) gained 15.13% to close at $51.81 after the company increased its earnings outlook for 2011 • Shares of Zoll Medical Corporation (NASDAQ: ZOLL ) advanced 22.94% to end the day at $43.84 after the defibrillator-maker forecasted its revenue for 2012, which exceeded Street's estimates ALCOA INC ( AA ): Free Stock Analysis Report ACCO BRANDS CP ( ABD ): Free Stock Analysis Report AMER TOWER CORP ( AMT ): Free Stock Analysis Report CADENCE PHARMA ( CADX ): Free Stock Analysis Report EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report MICRON TECH (MU): Free Stock Analysis Report MEADWESTVACO CP (MWV): Free Stock Analysis Report CHILDRENS PLACE (PLCE): Free Stock Analysis Report RAMBUS INC (RMBS): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report ZOLL MEDICAL CO (ZOLL): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Earlier the shares were rated "Buy" • Oppenheimer upgraded shares of Cadence Pharmaceuticals, Inc. (NASDAQ: CADX ) to a "Perform" rating from "Underperform" • Share prices of ACCO Brands Corp. (NYSE: ABD ) rocketed 26.44% to close at $8.80 after the company inked an agreement as per which it will merge with MeadWestvaco Corp. (NYSE: MWV ) in a deal worth $860 million • Chip technology company Rambus Inc's.
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Revenues for the quarter dropped 1.2% to $9.57 billion • Embraer S.A. (NYSE: ERJ ) and Alcoa Inc. (NYSE: AA ) entered into a new technology sharing agreement, which will enable Embraer to improve the fuselage and the wings for its family of aircraft • According to a Wall Street Journal report, companies like Foot Locker (NYSE: FL ), will lose the most from a standoff between owners and players of the National Basketball Association since the company generates a significant amount of revenue from selling basketball related products • Goldman Sachs upgraded shares of American Tower Corporation (NYSE: AMT ) to its Conviction Buy list. (NASDAQ: RMBS ) share prices increased 23.49%, day after plummeting more than 60% after the company lost a long drawn legal anti-trust case against Hynix Semiconductor and Micron Technology (NYSE: MU ) • Shares of youth clothing chain Children's Place Retail Stores, Inc. (NASDAQ: PLCE ) gained 15.13% to close at $51.81 after the company increased its earnings outlook for 2011 • Shares of Zoll Medical Corporation (NASDAQ: ZOLL ) advanced 22.94% to end the day at $43.84 after the defibrillator-maker forecasted its revenue for 2012, which exceeded Street's estimates ALCOA INC ( AA ): Free Stock Analysis Report ACCO BRANDS CP ( ABD ): Free Stock Analysis Report AMER TOWER CORP ( AMT ): Free Stock Analysis Report CADENCE PHARMA ( CADX ): Free Stock Analysis Report EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report FOOT LOCKER INC (FL): Free Stock Analysis Report MICRON TECH (MU): Free Stock Analysis Report MEADWESTVACO CP (MWV): Free Stock Analysis Report CHILDRENS PLACE (PLCE): Free Stock Analysis Report RAMBUS INC (RMBS): Free Stock Analysis Report SEARS HLDG CP (SHLD): Free Stock Analysis Report ZOLL MEDICAL CO (ZOLL): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. • Sears Holdings Corporation (NASDAQ: SHLD ) posted Q3 adjusted loss of $2.57 per share, wider than the Zacks Consensus Estimate of a loss of $2.14 per share.
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1721.0
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2011-11-18 00:00:00 UTC
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Zacks #5 Rank Additions for Friday - Tale of the Tape
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AA
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-friday-tale-of-the-tape-2011-11-18
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Aegion Corp ( AEGN )
Alcoa Inc ( AA )
Cal Dive International ( DVR )
Callaway Golf ( ELY )
Central European Distribution ( CEDC )
View the entire Zacks #5 Rank List .
ALCOA INC ( AA ): Free Stock Analysis Report
AEGION CORP ( AEGN ): Free Stock Analysis Report
CENTRAL EUR DIS ( CEDC ): Free Stock Analysis Report
CAL DIVE INTL ( DVR ): Free Stock Analysis Report
CALLAWAY GOLF ( ELY ): Free Stock Analysis Report
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aegion Corp ( AEGN ) Alcoa Inc ( AA ) Cal Dive International ( DVR ) Callaway Golf ( ELY ) Central European Distribution ( CEDC ) View the entire Zacks #5 Rank List . ALCOA INC ( AA ): Free Stock Analysis Report AEGION CORP ( AEGN ): Free Stock Analysis Report CENTRAL EUR DIS ( CEDC ): Free Stock Analysis Report CAL DIVE INTL ( DVR ): Free Stock Analysis Report CALLAWAY GOLF ( ELY ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aegion Corp ( AEGN ) Alcoa Inc ( AA ) Cal Dive International ( DVR ) Callaway Golf ( ELY ) Central European Distribution ( CEDC ) View the entire Zacks #5 Rank List . ALCOA INC ( AA ): Free Stock Analysis Report AEGION CORP ( AEGN ): Free Stock Analysis Report CENTRAL EUR DIS ( CEDC ): Free Stock Analysis Report CAL DIVE INTL ( DVR ): Free Stock Analysis Report CALLAWAY GOLF ( ELY ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aegion Corp ( AEGN ) Alcoa Inc ( AA ) Cal Dive International ( DVR ) Callaway Golf ( ELY ) Central European Distribution ( CEDC ) View the entire Zacks #5 Rank List . ALCOA INC ( AA ): Free Stock Analysis Report AEGION CORP ( AEGN ): Free Stock Analysis Report CENTRAL EUR DIS ( CEDC ): Free Stock Analysis Report CAL DIVE INTL ( DVR ): Free Stock Analysis Report CALLAWAY GOLF ( ELY ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aegion Corp ( AEGN ) Alcoa Inc ( AA ) Cal Dive International ( DVR ) Callaway Golf ( ELY ) Central European Distribution ( CEDC ) View the entire Zacks #5 Rank List . ALCOA INC ( AA ): Free Stock Analysis Report AEGION CORP ( AEGN ): Free Stock Analysis Report CENTRAL EUR DIS ( CEDC ): Free Stock Analysis Report CAL DIVE INTL ( DVR ): Free Stock Analysis Report CALLAWAY GOLF ( ELY ): Free Stock Analysis Report Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1722.0
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2011-10-12 00:00:00 UTC
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Alcoa’s Q3 Profit Surges, but Badly Misses View (AA)
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AA
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https://www.nasdaq.com/articles/alcoas-q3-profit-surges-badly-misses-view-aa-2011-10-12
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nan
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Aluminum producer Alcoa Inc. ( AA ) late Tuesday posted a sharp uptick in third quarter earnings, but results still missed analyst expectations.
The Pittsburgh-based company reported third quarter net income of $172 million, or 15 cents per share, compared with just $61 million, or 6 cents per share, in the year-ago period.
Sales rose 21% from last year to $6.42 billion.
On average, Wall Street analysts expected a much higher profit of 22 cents per share, albeit on lower sales of $6.24 billion.
CEO Klaus Kleinfeld commented, "With the exception of Europe, we saw growth in our end markets, though at a slower rate than in the first half, as confidence in the global recovery faded."
Alcoa shares fell 41 cents, or -4%, in premarket trading Wednesday.
The Bottom Line
Shares of Alcoa ( AA ) have a 1.17% dividend yield, based on last night's closing stock price of $10.30. The stock has technical support in the $8 price area. If the shares can firm up, we see overhead resistance around the $12 price level.
Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aluminum producer Alcoa Inc. ( AA ) late Tuesday posted a sharp uptick in third quarter earnings, but results still missed analyst expectations. The Bottom Line Shares of Alcoa ( AA ) have a 1.17% dividend yield, based on last night's closing stock price of $10.30. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
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Aluminum producer Alcoa Inc. ( AA ) late Tuesday posted a sharp uptick in third quarter earnings, but results still missed analyst expectations. The Bottom Line Shares of Alcoa ( AA ) have a 1.17% dividend yield, based on last night's closing stock price of $10.30. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
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The Bottom Line Shares of Alcoa ( AA ) have a 1.17% dividend yield, based on last night's closing stock price of $10.30. Aluminum producer Alcoa Inc. ( AA ) late Tuesday posted a sharp uptick in third quarter earnings, but results still missed analyst expectations. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
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The Bottom Line Shares of Alcoa ( AA ) have a 1.17% dividend yield, based on last night's closing stock price of $10.30. Aluminum producer Alcoa Inc. ( AA ) late Tuesday posted a sharp uptick in third quarter earnings, but results still missed analyst expectations. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
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1723.0
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2011-10-12 00:00:00 UTC
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Market Wrap-Up for Oct.12 (PEP, AA, FCX, BHP, WFC, JPM, more)
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AA
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https://www.nasdaq.com/articles/market-wrap-oct12-pep-aa-fcx-bhp-wfc-jpm-more-2011-10-12
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Stocks were once again spiking today, as we prepare to head into fourth quarter earning season, which begins in earnest next week. Looking at our past data, we saw a similar event happen going into third quarter earnings as well. The markets moved sideways during the first two heaviest weeks that quarter, followed by a move lower.
Looking at today's spike (which likely caught some short-sellers flat-footed), we once again noticed the recently beaten-up sectors catching some higher bids. Commodity plays like Freeport McMoran ( FCX ) and BHP Billiton ( BHP ) were up nicely early on, but did close off the day's highs as the market pulled back by the close. Over in the financial sector, Wells Fargo ( WFC ) and J.P. Morgan ( JPM ) were pacing the gains. On the earnings side, we had mixed results with PepsiCo ( PEP ) gaining early and finishing higher, while shares of Alcoa ( AA ) finished in the red following their disappointing earnings results. Speaking of earnings, PVH Corp ( PVH ) and Johnson Controls ( JCI ) both released positive commentary about their upcoming earnings releases, and both pushed higher for much of the day.
The Dow at one point today was up 1,100 points over the last 5 trading sessions, starting from last Tuesday's afternoon lows. We think it would be wise for investors to use the recent spike as an opportunity to trim some of the under-performing stocks that may be causing damage to one's overall portfolio performance.
Enhancing Shareholder Value Through Job Cuts
Executive search firm Heidrick & Struggles ( HSII ) announced a restructuring initiative this morning. Part of management's plan to strengthen the company and better position it for long-term success includes a 10% reduction in its global work force. I recently mentioned that corporate America will continue to get leaner and attempt to squeeze more profits out of declining sales. This news follows my post yesterday on how to develop a contingency plan, should layoff news come unexpectedly in your own work life. Without question, the world is in a readjustment period when it comes to higher unemployment globally. In my opinion, you will continue to see an intensified focus on job creation even beyond next year's major elections.
Learn to Engage or You Will Starve
A few days ago, I stopped by my local eye doctor's office to pick up some new eyeglass cleaner and while I was there, I struck up a conversation with two opticians. One woman has been in the eyecare business for 31 years and was buzzing all around talking about the business, while the newer young lady was there, but not nearly as engaged in the conversation. I'm guessing when it comes to compensation, the opticians are part salary, part commission in that particular office.
Here's the thing, and I see this a lot with younger people, their ability to carry conversation is often very lacking. Now we have all been "green" in our fields at some point in our lives. However, when sales are part of how you will be making a living, you'd better learn how to engage as soon as possible.
We often hear about employers turning to younger workers to save on salaries, but when you have an experience as I had, you can certainly see why it is not too smart to dismiss the value of experience in the work place. I worry about how today's new college graduates will fare, given a certain lack of business conversation skills. We know many can communicate well within their own inner circle (even though texting rather than talking has become the dominant way of communication these days).
I remember when I was growing up, I'd help sweep out my dad's barber shop. Customers would often tell me how long they'd been coming to that same shop, and how they remembered how excited my dad was when I was born. You see, conversation is a natural part of many service businesses, not just sales. To this day, you still need conversation skills to go along with your hairstyling talents. Sometimes the foundation of success can begin with as little as a smile and a good personality!
Tail Wagging the Dog
We are seeing more and more attention paid to the leveraged ETF (Exchange Traded Fund) space as market volatility continues to reign. Originally the fuss began when the markets were falling lower. Pundits started pointing their fingers to trading in the leveraged ETFs as a cause of the vicious drops in the market. Just recently, we've begun to see arguments that markets are now being manipulated higher, and with this, market-watchers worry the market action will keep retail investors from having much confidence in stock prices.
I have been vocal about the effects of leveraged ETFs, but the resolution to this potential problem will be is still yet to be determined. I can tell you this, traders who are trying to make a living are frustrated with the vicious market moves and many have described what they feel is the worst trading environment in years (bulls and bears both struggling to make money consistently). While this certainly can affect dividend stocks that we cover, if we feel stocks are taken down with little fundamental concerns to match the drop, we will not hesitate to put those names on our recommended list. In the end, it will be the fundamentals that will carry a company's valuation higher or lower. Yes, leveraged ETFs matter, but for what our focus is on finding quality income-producing dividend stocks, we will not lose sight of what the overall focus should always be - a company's fundamentals.
A Dividend Capture Strategy for Active Investors
We offer complete U.S. dividend data for all Dividend.com Premium members, so anyone that focuses on "Dividend Capture" strategies should have plenty of good stuff to research each day. Just check our enhanced Ex-Dividend Calendar , which is the best in the business, to search for upcoming payouts.
Speaking of dividend capture, Dividend.com Premium members can now access a 9 page report we published on the essential elements to any successful dividend capture strategy. Be sure to check it out!
Thanks for reading everybody. I'll see you tomorrow!
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the earnings side, we had mixed results with PepsiCo ( PEP ) gaining early and finishing higher, while shares of Alcoa ( AA ) finished in the red following their disappointing earnings results. Enhancing Shareholder Value Through Job Cuts Executive search firm Heidrick & Struggles ( HSII ) announced a restructuring initiative this morning. Learn to Engage or You Will Starve A few days ago, I stopped by my local eye doctor's office to pick up some new eyeglass cleaner and while I was there, I struck up a conversation with two opticians.
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On the earnings side, we had mixed results with PepsiCo ( PEP ) gaining early and finishing higher, while shares of Alcoa ( AA ) finished in the red following their disappointing earnings results. A Dividend Capture Strategy for Active Investors We offer complete U.S. dividend data for all Dividend.com Premium members, so anyone that focuses on "Dividend Capture" strategies should have plenty of good stuff to research each day. Speaking of dividend capture, Dividend.com Premium members can now access a 9 page report we published on the essential elements to any successful dividend capture strategy.
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On the earnings side, we had mixed results with PepsiCo ( PEP ) gaining early and finishing higher, while shares of Alcoa ( AA ) finished in the red following their disappointing earnings results. Speaking of earnings, PVH Corp ( PVH ) and Johnson Controls ( JCI ) both released positive commentary about their upcoming earnings releases, and both pushed higher for much of the day. Just recently, we've begun to see arguments that markets are now being manipulated higher, and with this, market-watchers worry the market action will keep retail investors from having much confidence in stock prices.
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On the earnings side, we had mixed results with PepsiCo ( PEP ) gaining early and finishing higher, while shares of Alcoa ( AA ) finished in the red following their disappointing earnings results. Stocks were once again spiking today, as we prepare to head into fourth quarter earning season, which begins in earnest next week. Pundits started pointing their fingers to trading in the leveraged ETFs as a cause of the vicious drops in the market.
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1724.0
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2011-10-12 00:00:00 UTC
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Opening View: Despite Alcoa's Earnings Miss, DJIA Heads Higher on Hopes for Slovak Revote
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AA
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https://www.nasdaq.com/articles/opening-view-despite-alcoas-earnings-miss-djia-heads-higher-hopes-slovak-revote-2011-10-12
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U.S. stocks are set to kick off the session on a high note today, despite blue-chip bigwig Alcoa's ( AA ) lackluster start to third-quarter earnings season. Furthermore, in spite of Slovakia's rejection of a bolstered euro-zone bailout fund , investors are optimistic that the country will overturn the vote ahead of a summit of European Union ( EU ) leaders next week. As Wall Street takes the glass-half-full approach, the Dow Jones Industrial Average (DJIA) is headed for a 62-point pop out of the gate, while the broader S&P 500 Index (SPX) is poised to extend its October run in the black.
In earnings news, Alcoa (AA - 10.30) said its third-quarter profit more than doubled to $172 million, or 15 cents per share, from last year's earnings of $61 million, or 6 cents per share. Revenue improved 21% to $6.42 billion. The results were mixed, as Wall Street was anticipating a profit of 22 cents per share on $6.22 billion in revenue. "With the exception of Europe, we saw growth in our end markets, though at a slower rate than in the first half, as confidence in the global recovery faded," explained Chairman and CEO Klaus Kleinfeld. In pre-market trading, the shares of AA are pointed 3.4% lower.
Elsewhere, Healthcare Services Group (HCSG - 17.52) reported a third-quarter profit of $10 million, or 15 cents per share, up 9% from its year-ago earnings of $9.2 million, or 14 cents per share. Meanwhile, revenue increased 12% to $218.9 million. Analysts, on average, were expecting HCSG to bank a profit of 15 cents per share on $216 million in revenue.
Finally, PepsiCo (PEP - 60.95) reported a third-quarter profit of $2 billion, or $1.25 per share, compared to $1.92 billion, or $1.19 per share, a year earlier. Excluding items, the beverage behemoth said it earned $1.31 per share. Revenue, meanwhile, jumped 13% to $17.58 billion. The results topped expectations, as analysts, on average, were calling for an adjusted profit of $1.30 per share on sales of $17.18 billion. Meanwhile, PEP also reiterated its 2011 outlook, which calls for high single-digit earnings-per-share growth. At last check, PEP is poised to start the session with a 1.2% gain.
Earnings Preview
Today's earnings docket will feature reports from Adtran Inc. ( ADTN ), Infosys ( INFY ), ASML Holding ( ASML ), and Universal Forest Products (UFPI). Keep your browser at SchaeffersResearch.com for more news as it breaks.
Economic Calendar
The Federal Open Market Committee's (FOMC) latest meeting minutes, along with the MBA mortgage index, are slated for release today. Meanwhile, Thursday heats up with the August trade balance, the holiday-delayed crude inventories report, and the weekly report on initial jobless claims. Friday winds down with September retail sales data, the Reuters/UMich consumer sentiment index, business inventories, and import/export prices.
Market Statistics
Equity option activity on the Chicago Board Options Exchange (CBOE) saw 747,982 call contracts traded on Tuesday, compared to 582,457 put contracts. The resultant single-session put/call ratio arrived at 0.78, while the 21-day moving average was 0.71.
Overseas Trading
Asian markets ended mostly higher today, with Shanghai-listed equities blazing the path into the black. Banking stocks continued to lead the advance, lifted by news that the government's sovereign wealth fund is plowing cash into major financial firms. Traders in South Korea shrugged off downbeat jobs data to take part in the day's rally, but Japanese equities succumbed to selling pressure. Weakness in major manufacturing issues played a role, as the likes of Honda and Toyota face production halts amid heavy flooding at their respective Thailand factories. By the close, Japan's Nikkei shed 0.4%, South Korea's Kospi rose 0.8%, Hong Kong's Hang Seng gained 1%, and China's Shanghai Composite surged 3%.
European benchmarks are on positive ground at midday, recovering from early losses after Slovakia voted down a measure to expand the European Financial Stability Facility (EFSF). With a second vote on the matter slated for later in the week, traders aren't ready to panic just yet. Instead, investors are looking forward to some insight from European Commission President Jose Manuel Barroso, who's due to present a bank recapitalization plan before the European Parliament later in the session. In other news, a report on euro-zone industrial production came in stronger than expected, while chip maker ASML rallied on the heels of its third-quarter earnings report. At midday, the French CAC 40 is up 1.3%, the German DAX has added 1.2%, and London's FTSE 100 has tacked on 0.3%.
Currencies and Commodities
The greenback is trading lower this morning, with the U.S. dollar index down 0.8% at last look. Elsewhere, crude futures are poised to extend their winning streak to six straight sessions, despite the International Energy Agency's (IEA) downwardly revised demand forecast for 2011 and 2012. At last check, the front-month contract is up 48 cents, or 0.6%, at $86.49 per barrel. Finally, gold futures have bounced back from yesterday's wave of profit-taking, with the malleable metal last seen $23.90, or 1.4%, higher at $1,684.90 an ounce.
Unusual Put and Call Activity:
For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations .
Every morning, our research staff analyzes the prior day and the overnight markets, and monitors the morning wires to give you an accurate preview of the day to come. If you enjoyed today's edition of Opening View, sign up here for free daily delivery, straight to your inbox, before the opening bell.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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U.S. stocks are set to kick off the session on a high note today, despite blue-chip bigwig Alcoa's ( AA ) lackluster start to third-quarter earnings season. In earnings news, Alcoa (AA - 10.30) said its third-quarter profit more than doubled to $172 million, or 15 cents per share, from last year's earnings of $61 million, or 6 cents per share. In pre-market trading, the shares of AA are pointed 3.4% lower.
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In earnings news, Alcoa (AA - 10.30) said its third-quarter profit more than doubled to $172 million, or 15 cents per share, from last year's earnings of $61 million, or 6 cents per share. U.S. stocks are set to kick off the session on a high note today, despite blue-chip bigwig Alcoa's ( AA ) lackluster start to third-quarter earnings season. In pre-market trading, the shares of AA are pointed 3.4% lower.
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In earnings news, Alcoa (AA - 10.30) said its third-quarter profit more than doubled to $172 million, or 15 cents per share, from last year's earnings of $61 million, or 6 cents per share. U.S. stocks are set to kick off the session on a high note today, despite blue-chip bigwig Alcoa's ( AA ) lackluster start to third-quarter earnings season. In pre-market trading, the shares of AA are pointed 3.4% lower.
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In earnings news, Alcoa (AA - 10.30) said its third-quarter profit more than doubled to $172 million, or 15 cents per share, from last year's earnings of $61 million, or 6 cents per share. U.S. stocks are set to kick off the session on a high note today, despite blue-chip bigwig Alcoa's ( AA ) lackluster start to third-quarter earnings season. In pre-market trading, the shares of AA are pointed 3.4% lower.
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1725.0
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2011-10-12 00:00:00 UTC
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Stocks Higher as Investors See Solution Nearing in European Debt Crisis
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AA
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https://www.nasdaq.com/articles/stocks-higher-as-investors-see-solution-nearing-in-european-debt-crisis-2011-10-12
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nan
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nan
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Stocks are higher at the session's half as hope grows that a roadblock in European efforts to resolve its debt crisis nears a solution. Investors also await further details from the Federal Reserve's meeting last month, after Aloca ( AA ) kicked off what was largely described as a gloomy start to the third quarter earnings season.
Alcoa reported late yesterday that third-quarter earnings came in below expectations that had already been lowered. Shares have traded down over 4% in the session.
Also, minutes from the Sept. 20-21 meeting of Federal Reserve policy makers will be closely watched at its 2 p.m. ET release. That's the meeting at which the Fed announced its plan to "twist" the yield curve by swapping shorter-maturity government bonds for longer-dated instruments.
Overseas, the Slovakian parliament rejected a plan to expand the area's 440 billion euro ($600 billion) bailout fund. The rejection was not unexpected, as the ruling party had struggled to obtain support for the plan.
Top European Union officials on Wednesday urged Slovakia to quickly approve changes to the euro-zone bailout fund, the European Financial Stability Facility. "We remain confident that the Slovak authorities and the parliament are fully aware of the critical importance of an enhanced and more flexible EFSF to preserve financial stability in the euro area," said European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy, in a joint statement.
In company news:
Shares of Liz Claiborne Inc. ( LIZ ) are off session highs but have remained firm, up more than 30%, after it said it will sell its signature brand as well as others in a major overhaul that will included a name change. The company, which has been struggling financially, intends to focus on trendy brands favored by high-end customers. No name has been announced yet.
Research in Motion ( RIMM ) is down as shares give back much of yesterday's gains following a new disruption in service for its signature BlackBerry hand-held device, which spread to North America from Europe.
Wal-Mart Stores Inc. ( WMT ) is higher after posting positive same-store sales results, following a misstep that led to the reduction of thousands of store items, angering shoppers. The company said it is in the process of adding back 10,000 items there were pulled from store shelves in an efficiency move and resulted in a rare customer backlash for the retailer.
Shares of Citigroup ( C ) are higher after The Wall Street Journal reported that Chief Executive Vikram Pandit praised bank regulators for stabilizing the financial system and the controversial Volker Rule could have the for correcting the balance between capital and speculation. Citi shares are trading up over 5%.
Shares of Merck (MRK) are higher after Bloomberg reported late yesterday that the Australian unit of the drug maker won an effort to overturn the first trial decision in a case outside of the U.S. where plaintiffs claimed the company did not adequately warn of the heart risks associated with its painkiller Vioxx.
Shares of Chevron (CVX) are up as the oil major said its third quarter profit would be comparable to its Q2 profit of $3.55 a share. Analysts expect the company to report EPS of $3.43.
Commodities are mixed. December gold contracts are up 0.3% to $1,679 an ounce while November crude oil contacts are down 0.3% to $85.57 a barrel.
In energy ETFs, the United States Oil Fund (USO) is up 0.12% to $33.06 and the United States Natural Gas fund (UNG) is down 2.21%, to $8.65.
In precious metal ETFs, the SPDR Gold Trust (GLD) is up 0.41% to $162.84. Market Vectors Gold Miners (GDX) is up 0.56% to $57.25. iShares Silver Trust (SLV) is up 0.64% to $31.58.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors also await further details from the Federal Reserve's meeting last month, after Aloca ( AA ) kicked off what was largely described as a gloomy start to the third quarter earnings season. Research in Motion ( RIMM ) is down as shares give back much of yesterday's gains following a new disruption in service for its signature BlackBerry hand-held device, which spread to North America from Europe. Shares of Citigroup ( C ) are higher after The Wall Street Journal reported that Chief Executive Vikram Pandit praised bank regulators for stabilizing the financial system and the controversial Volker Rule could have the for correcting the balance between capital and speculation.
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Investors also await further details from the Federal Reserve's meeting last month, after Aloca ( AA ) kicked off what was largely described as a gloomy start to the third quarter earnings season. Overseas, the Slovakian parliament rejected a plan to expand the area's 440 billion euro ($600 billion) bailout fund. Top European Union officials on Wednesday urged Slovakia to quickly approve changes to the euro-zone bailout fund, the European Financial Stability Facility.
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Investors also await further details from the Federal Reserve's meeting last month, after Aloca ( AA ) kicked off what was largely described as a gloomy start to the third quarter earnings season. "We remain confident that the Slovak authorities and the parliament are fully aware of the critical importance of an enhanced and more flexible EFSF to preserve financial stability in the euro area," said European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy, in a joint statement. Shares of Citigroup ( C ) are higher after The Wall Street Journal reported that Chief Executive Vikram Pandit praised bank regulators for stabilizing the financial system and the controversial Volker Rule could have the for correcting the balance between capital and speculation.
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Investors also await further details from the Federal Reserve's meeting last month, after Aloca ( AA ) kicked off what was largely described as a gloomy start to the third quarter earnings season. Alcoa reported late yesterday that third-quarter earnings came in below expectations that had already been lowered. Shares have traded down over 4% in the session.
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1726.0
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2011-10-12 00:00:00 UTC
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Q3 Preview: JPMorgan (JPM) Might Beat Lowered Expectations, But Trading Losses Linger
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AA
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https://www.nasdaq.com/articles/q3-preview-jpmorgan-jpm-might-beat-lowered-expectations-trading-losses-linger-2011-10-12
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nan
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nan
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Shares of JPMorgan ( JPM ) are trading higher ahead of it's third-quarter results, expected out Thursday before the market opens. JPMorgan traditionally kicks-off earnings season for the financials, generally reporting a day or two after Alcoa ( AA ).
The bank is expected to report earnings of 96 cents per share on revenue of $23.73 billion. Such earnings would be a 24.4 percent sequential dip, and 5 percent drop from the $1.01 in the same period last year. JPMorgan has traded within a range of $27.85 to $48.36 over the last 52-week period.
Shares of JPMorgan plummeted during the quarter, dropping 28 percent to $29.86 at the end of September. The stock is 12 percent better since then, but still down 22 percent on the year.
JPMorgan currently trades at 6.3x fiscal 2012 expectations, compared with 6.1x for Citi ( C ), Bank of America Corp. ( BAC ), and 8.2x at Wells Fargo. JPMorgan is about 25 percent below its book value of $44.80 per share.
Data from Bloomberg has 34 analysts with a Buy rating, four at Hold, and none suggesting to Sell. The Street's price target average is $48.50, with a low of $35 and high of $60.
Around the Street:
Wells Fargo is looking for JPMorgan to report GAAP earnings of 97 cents. Commenting into the quarter, "We believe that Q3's results face a more difficult environment in most investment banking businesses (similar to its peer UCMBs). We also expect JPM will face continued mortgage-related litigation costs in Q3 - though we are modeling $500MM, down from the $1.2B taken in Q2. We anticipate some weakness in net interest margin and modest loan growth will reduce net interest income by 3% Q3/Q2. Finally we expect mortgage banking revenue of $1.1B will dip modestly from the healthy Q2 performance."
Stay tuned to StreetInsider.com's EPS Insider section to see our analysis of the highly-anticipated quarterly results within seconds of their release. You can also check out JPMorgan's past performance at Streetinsider's JPMorgan Income Statement .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JPMorgan traditionally kicks-off earnings season for the financials, generally reporting a day or two after Alcoa ( AA ). Around the Street: Wells Fargo is looking for JPMorgan to report GAAP earnings of 97 cents. Shares of JPMorgan ( JPM ) are trading higher ahead of it's third-quarter results, expected out Thursday before the market opens.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. JPMorgan traditionally kicks-off earnings season for the financials, generally reporting a day or two after Alcoa ( AA ). Around the Street: Wells Fargo is looking for JPMorgan to report GAAP earnings of 97 cents.
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JPMorgan traditionally kicks-off earnings season for the financials, generally reporting a day or two after Alcoa ( AA ). Around the Street: Wells Fargo is looking for JPMorgan to report GAAP earnings of 97 cents. Shares of JPMorgan ( JPM ) are trading higher ahead of it's third-quarter results, expected out Thursday before the market opens.
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Around the Street: Wells Fargo is looking for JPMorgan to report GAAP earnings of 97 cents. JPMorgan traditionally kicks-off earnings season for the financials, generally reporting a day or two after Alcoa ( AA ). Shares of JPMorgan ( JPM ) are trading higher ahead of it's third-quarter results, expected out Thursday before the market opens.
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1727.0
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2011-10-11 00:00:00 UTC
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Mid-Day Update: Stocks Mixed as Europe Retakes Center Stage; Crude Demand Falling
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AA
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https://www.nasdaq.com/articles/mid-day-update-stocks-mixed-europe-retakes-center-stage-crude-demand-falling-2011-10-11
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nan
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nan
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Here's where markets stand at mid-day:
-NYSE down 34.92 (-0.49%) to 7,138.53
-DJIA down 6.55 (-0.06%) to 11,426.10
-S&P 500 up 0.67 (+0.06%) to 1,195.56
-Nasdaq up 13.47 (+0.52%) to 2,579.36
GLOBAL SENTIMENT
Nikkei up 1.9%
Hang Seng up 2.4%
Shanghai Composite up 0.2%
FTSE-100 down 1.2%
MID-DAY NYSE INDEX WATCH
NYSE Energy down 0.49% at 11,376.77
NYSE Financial down 0.53% at 3,969.58
NYSE Health Care down 0.65% at 6,637.61
NYSE Arca Tech 100 up 0.51% at 1,069.48
UPSIDE MOVERS
(+) TRH (+1.9%) enters confidentiality agreement for strategic
(+) JNY (+10.2%) in talks to sell Jeanswear division
(+) AAPL (+2.8%) adding to gains from iPhone pre-orders
(+) NDN (+4.4%) inks $1.6 billion deal to go private
(+) BAC (+2.3%) falls ahead of Fed meeting minutes due tomorrow
(+) WLT (+2.2%) initiated
DOWNSIDE MOVERS
(-) NEM (-1.8%) names competitor's former CEO as COO
(-) DTG (-2.1%) to continue as stand-alone company; reiterates guidance
(-) TUES (-2.4%) Q1 loss per share wider than expected
MARKET DIRECTION
Stocks have managed to come off early lows to trade mixed at mid-day. Concerns about the European debt crisis again took center stage ahead of a key parliamentary vote there. Also China moved to support shares of its largest banks sending stocks there higher. Stateside, the unofficial start to earnings season gets underway when Alcoa ( AA ) reports earnings after the close.
In Europe, investors are awaiting a key vote in Slovakia over broadening the European rescue fund to that country. Separately, Greece's bondholders may see as much as 60% of their holdings written off as a loss in a restructuring, according to eurozone finance ministers cited in a Reuters report.
Theeconomic calendaris fairly sparse today. The National Federation of Independent Business small-business optimism index rose 0.8 points to 88.9. The The Federal Reserve's FOMC will release the minutes from its September meeting on Wednesday.
The Organization for Petroleum Exporting countries continued to trim its outlook for global demand for the rest of this year and next year. OPEC cut the global demand growth forecast this year by 180,000 barrels of oil a day, citing weakness in the world economy.
Also, the three-year Treasury note fell 3/32 in price to yield 0.53%, Reuters reports. The Treasury Department will auction $32 billion in three-year notes at 1p.m. ET. The current three-year yield is nearly 20 basis points above the lowest-ever auction yield for three-year notes, which fixed at 0.334% on Sept. 12, Reuters reports.
In company news:
Investors also are awaiting the unofficial start of earnings season with Alcoa ( AA ) due to report financials in the after-hours session. Alcoa shares are up over 2%.
Jaguar Financial Corp, an activist shareholder in Research In Motion ( RIMM ) says holders of at least 8% of the company's stock back its calls for a sale of the company, or at least a radical corporate reshuffle. Jaguar Financial Corp said it hoped to raise the percentage of stock it represents in RIM even further. RIM shares are up over 3.5%.
Shares of Pfizer ( PFE ) are down as the drug giant said it has signed an exclusive worldwide licensing agreement with GlycoMimetics for the investigational compound GMI-1070, a treatment for vaso-occlusive crisis associated with sickle cell disease.
99 Cents Only ( NDN ) shares are sharply higher after the company said it agreed to be bought by affiliates of Ares Management LLC and Canada Pension Plan Investment Board for $22 per share in cash, in a transaction with a total equity value of $1.6 billion. The transaction is expected to close during calendar Q112.
Shares of News Corp. (NWS.A) are down after the media giant said in a SEC filing it "vehemently disagrees" with a leading proxy-advisory firm's call for shareholders to reject most of the company's slate of directors at its upcoming annual meeting, Marketwatch.com reports. On Monday, Institutional Shareholder Services urged investors to vote against 13 of NWS.A's 15 nominees, including Chairman Rupert Murdoch, and his sons James and Lachlan.
Rosetta Genomics ( ROSG ) are sharply higher after coming off halt this morning after it said it executed a license agreement with Avatao Biotech for the exclusive rights to market miRview mets and miRview met, ROSG's microRNA-based diagnostic tests, in The People's Republic of China. Avatao will also have the exclusive rights to market one additional ROSG product in China which will be selected by Avatao within a year.
Commodities are down. December gold contracts are down 0.40% to $1,664 an ounce while November crude oil contacts are down 0.36% to $85.08 a barrel.
In energy ETFs, the United States Oil Fund (USO) is down 1.14% to $32.86 and the United States Natural Gas fund (UNG) is down 0.46%, to $8.70.
In precious metal ETFs, the SPDR Gold Trust (GLD) is down 0.84% to $161.90. Market Vectors Gold Miners (GDX) is down 1.48% to $56. iShares Silver Trust (SLV) is down 0.44% to $31.15.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(+) TRH (+1.9%) enters confidentiality agreement for strategic (+) JNY (+10.2%) in talks to sell Jeanswear division (+) AAPL (+2.8%) adding to gains from iPhone pre-orders (+) NDN (+4.4%) inks $1.6 billion deal to go private (+) BAC (+2.3%) falls ahead of Fed meeting minutes due tomorrow (+) WLT (+2.2%) initiated Stateside, the unofficial start to earnings season gets underway when Alcoa ( AA ) reports earnings after the close. In company news: Investors also are awaiting the unofficial start of earnings season with Alcoa ( AA ) due to report financials in the after-hours session.
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Stateside, the unofficial start to earnings season gets underway when Alcoa ( AA ) reports earnings after the close. In company news: Investors also are awaiting the unofficial start of earnings season with Alcoa ( AA ) due to report financials in the after-hours session. (+) TRH (+1.9%) enters confidentiality agreement for strategic (+) JNY (+10.2%) in talks to sell Jeanswear division (+) AAPL (+2.8%) adding to gains from iPhone pre-orders (+) NDN (+4.4%) inks $1.6 billion deal to go private (+) BAC (+2.3%) falls ahead of Fed meeting minutes due tomorrow (+) WLT (+2.2%) initiated
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In company news: Investors also are awaiting the unofficial start of earnings season with Alcoa ( AA ) due to report financials in the after-hours session. (+) TRH (+1.9%) enters confidentiality agreement for strategic (+) JNY (+10.2%) in talks to sell Jeanswear division (+) AAPL (+2.8%) adding to gains from iPhone pre-orders (+) NDN (+4.4%) inks $1.6 billion deal to go private (+) BAC (+2.3%) falls ahead of Fed meeting minutes due tomorrow (+) WLT (+2.2%) initiated Stateside, the unofficial start to earnings season gets underway when Alcoa ( AA ) reports earnings after the close.
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(+) TRH (+1.9%) enters confidentiality agreement for strategic (+) JNY (+10.2%) in talks to sell Jeanswear division (+) AAPL (+2.8%) adding to gains from iPhone pre-orders (+) NDN (+4.4%) inks $1.6 billion deal to go private (+) BAC (+2.3%) falls ahead of Fed meeting minutes due tomorrow (+) WLT (+2.2%) initiated Stateside, the unofficial start to earnings season gets underway when Alcoa ( AA ) reports earnings after the close. In company news: Investors also are awaiting the unofficial start of earnings season with Alcoa ( AA ) due to report financials in the after-hours session.
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1728.0
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2011-10-11 00:00:00 UTC
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Opening View: U.S. Stocks Follow Europe Lower Ahead of Key Slovakia Vote, FOMC Minutes
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AA
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https://www.nasdaq.com/articles/opening-view-us-stocks-follow-europe-lower-ahead-key-slovakia-vote-fomc-minutes-2011-10-11
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nan
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nan
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After starting the week with a 330-point gain , the Dow Jones Industrial Average (DJIA) is trading modestly lower this morning, thanks to anxiety ahead of a key parliamentary vote in Slovakia. Specifically, the nation is set to weigh in on proposed amendments to the euro zone's rescue fund, and investors are betting on the country's Freedom and Solidarity party to leave the government short of the necessary number of votes for approval. On the home front, meanwhile, traders are also anxious ahead of the Federal Open Market Committee's (FOMC) latest meeting minutes, slated for release this afternoon, as well as Alcoa's ( AA ) unofficial start to third-quarter earnings season after the closing bell. Against this cautious backdrop, the DJIA is bracing for a 30-point drop, while the broader S&P 500 Index (SPX) is trading nearly 5 points south of breakeven.
In earnings news, Mistras Group (MG - 19.46) said its fiscal first-quarter profit soared 103% to $3.2 million, or 11 cents per share, from $1.6 million, or 6 cents per share, in the year-ago period. Revenue, meanwhile, increased 34% to $91.4 million. On average, analysts were expecting MG to report a profit of 10 cents per share on sales of $81.1 million. Looking ahead, the company backed its fiscal 2012 forecast for revenue of $375 million to 390 million, compared to Wall Street's projections of $389 million. In pre-market trading, MG is headed for a 3.6% gain.
In equities news, Automatic Data Processing (ADP - 49.97) confirmed that is has now acquired The RightThing, a privately owned recruitment process outsourcer (RPO). As a global leader in outsourcing solutions, ADP sees this move as a cost-effective means of providing an efficient product to their customers. Regina Lee -- President of National Account Services, Major Account Services, GlobalView, and ADP Canada business units -- explains, "Expansion into complementary markets -- such as RPO -- will be of great benefit to our clients and is a critical element in our plan to grow our business."
Finally, General Mills (GIS - 39.31) this morning scored an upgrade to "conviction buy" from "neutral" at Goldman Sachs. From a broader sentiment standpoint, there's still plenty of room for more bulls on the bandwagon. According to Zacks, seven out of 16 analysts maintain "hold" or worse opinions of GIS, which has outperformed the SPX by nearly 17% during the past 60 sessions. Ahead of the bell, GIS is pointed 0.6% higher.
Earnings Preview
Today's earnings docket will feature reports from Alcoa ( AA ), Joe's Jeans ( JOEZ ), Synergetics USA ( SURG ), and EXFO Inc. ( EXFO ). Keep your browser at SchaeffersResearch.com for more news as it breaks.
Economic Calendar
The central bank will take the spotlight today, with the release of the FOMC's latest meeting minutes on tap. The economic agenda is relatively light on Wednesday, with the MBA mortgage index slated for release. Meanwhile, Thursday heats up with the August trade balance, the holiday-delayed crude inventories report, and the weekly report on initial jobless claims. Friday winds down with September retail sales data, the Reuters/UMich consumer sentiment index, business inventories, and import/export prices.
Market Statistics
Equity option activity on the Chicago Board Options Exchange ( CBOE ) saw 829,353 call contracts traded on Monday, compared to 519,073 put contracts. The resultant single-session put/call ratio arrived at 0.63, while the 21-day moving average was 0.72.
Overseas Trading
Asian markets ended broadly higher today, with traders taking their cues from Wall Street's big Monday rally. Banking stocks paced the advancing issues in China, after the country's sovereign wealth fund disclosed sizable share purchases in both Industrial & Commercial Bank of China and Agricultural Bank of China. Meanwhile, Seoul-listed retailers were boosted by relatively tame inflation data, which could enable Bank of Korea policymakers to stand pat on rates when they meet later this week. By the close, Hong Kong's Hang Seng added 2.4%, Japan's Nikkei rose roughly 2%, South Korea's Kospi climbed 1.6%, and China's Shanghai Composite tacked on 0.2%.
On the other hand, benchmark European indexes are wallowing south of breakeven at midday. Anxiety is running high as Slovakia prepares to vote on the proposed expansion of the European Financial Stability Facility (EFSF), as the country is the last euro-zone member to weigh in on the matter. Additionally, next week's planned meeting of European Union leaders has been postponed until Oct. 23, with President Herman Van Rompuy citing the need for more time "to finalize our comprehensive strategy on the euro area sovereign debt crisis." Against this uneasy backdrop, London's FTSE 100 is down 0.7%, the French CAC 40 is off 0.5%, and the German DAX has shed 0.7%.
Currencies and Commodities
The greenback is trading modestly higher this morning, with the U.S. dollar index up 0.4% at last look. Elsewhere, crude futures have pulled back, with the front-month contract down 63 cents, or 0.7%, to hover just south of $85 per barrel. Likewise, gold futures are also in the red, with the malleable metal last seen $6.40, or 0.4%, lower at $1,664.40 an ounce.
Unusual Put and Call Activity:
For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations .
Every morning, our research staff analyzes the prior day and the overnight markets, and monitors the morning wires to give you an accurate preview of the day to come. If you enjoyed today's edition of Opening View, sign up here for free daily delivery, straight to your inbox, before the opening bell.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the home front, meanwhile, traders are also anxious ahead of the Federal Open Market Committee's (FOMC) latest meeting minutes, slated for release this afternoon, as well as Alcoa's ( AA ) unofficial start to third-quarter earnings season after the closing bell. Earnings Preview Today's earnings docket will feature reports from Alcoa ( AA ), Joe's Jeans ( JOEZ ), Synergetics USA ( SURG ), and EXFO Inc. ( EXFO ). Specifically, the nation is set to weigh in on proposed amendments to the euro zone's rescue fund, and investors are betting on the country's Freedom and Solidarity party to leave the government short of the necessary number of votes for approval.
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On the home front, meanwhile, traders are also anxious ahead of the Federal Open Market Committee's (FOMC) latest meeting minutes, slated for release this afternoon, as well as Alcoa's ( AA ) unofficial start to third-quarter earnings season after the closing bell. Earnings Preview Today's earnings docket will feature reports from Alcoa ( AA ), Joe's Jeans ( JOEZ ), Synergetics USA ( SURG ), and EXFO Inc. ( EXFO ). After starting the week with a 330-point gain , the Dow Jones Industrial Average (DJIA) is trading modestly lower this morning, thanks to anxiety ahead of a key parliamentary vote in Slovakia.
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On the home front, meanwhile, traders are also anxious ahead of the Federal Open Market Committee's (FOMC) latest meeting minutes, slated for release this afternoon, as well as Alcoa's ( AA ) unofficial start to third-quarter earnings season after the closing bell. Earnings Preview Today's earnings docket will feature reports from Alcoa ( AA ), Joe's Jeans ( JOEZ ), Synergetics USA ( SURG ), and EXFO Inc. ( EXFO ). After starting the week with a 330-point gain , the Dow Jones Industrial Average (DJIA) is trading modestly lower this morning, thanks to anxiety ahead of a key parliamentary vote in Slovakia.
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On the home front, meanwhile, traders are also anxious ahead of the Federal Open Market Committee's (FOMC) latest meeting minutes, slated for release this afternoon, as well as Alcoa's ( AA ) unofficial start to third-quarter earnings season after the closing bell. Earnings Preview Today's earnings docket will feature reports from Alcoa ( AA ), Joe's Jeans ( JOEZ ), Synergetics USA ( SURG ), and EXFO Inc. ( EXFO ). On average, analysts were expecting MG to report a profit of 10 cents per share on sales of $81.1 million.
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1729.0
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2011-10-11 00:00:00 UTC
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Lower Market Open Indicated as Slovak Vote Looms; Financial Stocks Weigh
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AA
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https://www.nasdaq.com/articles/lower-market-open-indicated-as-slovak-vote-looms-financial-stocks-weigh-2011-10-11
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nan
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nan
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U.S. PRE-MARKET INDICATORS
-Dow Jones Industrial Average futures (-0.53%)
-S&P 500 futures (-0.69%)
-Nasdaq Pre-Market indicator (-0.36%)
GLOBAL SENTIMENT
Nikkei up 1.9%
Hang Seng up 2.4%
Shanghai Composite up 0.2%
FTSE-100 down 1.2%
PRE-MARKET SECTOR WATCH
(-) Drug stocks: lower
(-) Financial stocks: lower
(+) Large cap tech: lower
UPSIDE MOVERS
(+) TRH (+0.2%) enters confidentiality agreement
(+) JNY (+3.2%) in talks to sell Jeanswear division
(+) AAPL (+0.5%) adding to gains from iPhone pre-orders
(+) NDN (+4.5%) inks $1.6 billion deal to go private
DOWNSIDE MOVERS
(-) BAC (-1.5%) falls ahead of Fed meeting minutes
(-) NEM (-2.0%) names competitor's former CEO as COO
(-) DTG (-2.6%) to continue as stand-alone company; reiterates guidance
(-) TUES (-0.01%) Q1 loss per share wider than expected
(-) WLT (-1.1%) initiated
MARKET DIRECTION
U.S. index futures are indicating a weak opening as investor concern turns back across the pond to the euro zone debt crisis and a key vote in Slovakia over broadening the European rescue fund to that country. Also, Greece's bondholders may see as much as 60% of their holdings in Greek debt written off as a loss, according to an interview of the head of the eurozone finance ministers, cited by a Reuters report.
Among stock movers, Alcoa ( AA ), which is due with earnings in the after-hours session, has fallen 0.7%. Financials are also making a weak showing with Bank of America ( BAC ) shares unable to reprise yesterday's session, falling 1.6%. Citigroup ( C ) is down 1.5%. Apple is a gainer, rising 0.7%.
Across the Pacific, China's four largest state-controlled banks saw their market values jump after the investment arm of the Chinese government accumulated shares, MarketWatch notes. The move has analysts concerned about how long those gains would last, the report said.
Theeconomic calendaris fairly sparse today. In the pre-market session, the National Federation of Independent Business small-business optimism index rose 0.8 points to 88.9. The Federal Reserve's FOMC will release the minutes from its September meeting on Wednesday.
Commodities are lower as crude oil futures slip $1.24 to $84.14 a barrel. The Organization for Petroleum Exporting countries continued to trim its outlook for global demand for the rest of this year and next year. OPEC cut the global demand growth forecast this year by 180,000 barrels of oil a day citing weakness in the world economy. For next year, global demand growth forecast was revised down by 70,000 barrels per day. The United States Oil Fund ( USO ) is trading down 1.65% while the United States Natural Gas Fund ( UNG ) is up 0.1%. SPDR Gold Trust (GLD) is down 0.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(+) TRH (+0.2%) enters confidentiality agreement (+) JNY (+3.2%) in talks to sell Jeanswear division (+) AAPL (+0.5%) adding to gains from iPhone pre-orders (+) NDN (+4.5%) inks $1.6 billion deal to go private Among stock movers, Alcoa ( AA ), which is due with earnings in the after-hours session, has fallen 0.7%. (-) BAC (-1.5%) falls ahead of Fed meeting minutes (-) NEM (-2.0%) names competitor's former CEO as COO (-) DTG (-2.6%) to continue as stand-alone company; reiterates guidance (-) TUES (-0.01%) Q1 loss per share wider than expected (-) WLT (-1.1%) initiated
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(+) TRH (+0.2%) enters confidentiality agreement (+) JNY (+3.2%) in talks to sell Jeanswear division (+) AAPL (+0.5%) adding to gains from iPhone pre-orders (+) NDN (+4.5%) inks $1.6 billion deal to go private Among stock movers, Alcoa ( AA ), which is due with earnings in the after-hours session, has fallen 0.7%. (-) Drug stocks: lower (-) Financial stocks: lower (+) Large cap tech: lower
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(+) TRH (+0.2%) enters confidentiality agreement (+) JNY (+3.2%) in talks to sell Jeanswear division (+) AAPL (+0.5%) adding to gains from iPhone pre-orders (+) NDN (+4.5%) inks $1.6 billion deal to go private Among stock movers, Alcoa ( AA ), which is due with earnings in the after-hours session, has fallen 0.7%. (-) BAC (-1.5%) falls ahead of Fed meeting minutes (-) NEM (-2.0%) names competitor's former CEO as COO (-) DTG (-2.6%) to continue as stand-alone company; reiterates guidance (-) TUES (-0.01%) Q1 loss per share wider than expected (-) WLT (-1.1%) initiated
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(+) TRH (+0.2%) enters confidentiality agreement (+) JNY (+3.2%) in talks to sell Jeanswear division (+) AAPL (+0.5%) adding to gains from iPhone pre-orders (+) NDN (+4.5%) inks $1.6 billion deal to go private Among stock movers, Alcoa ( AA ), which is due with earnings in the after-hours session, has fallen 0.7%. (-) BAC (-1.5%) falls ahead of Fed meeting minutes (-) NEM (-2.0%) names competitor's former CEO as COO (-) DTG (-2.6%) to continue as stand-alone company; reiterates guidance (-) TUES (-0.01%) Q1 loss per share wider than expected (-) WLT (-1.1%) initiated
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1730.0
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2011-10-07 00:00:00 UTC
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Mid-Day Update: Stocks Mixed as Investors Digest Employment Data
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AA
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https://www.nasdaq.com/articles/mid-day-update-stocks-mixed-investors-digest-employment-data-2011-10-07
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nan
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nan
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Here's where markets stand at mid-day:
-NYSE down 1.41 (-0.02%) to 6,9996.23
-DJIA up 16.80 (+0.15%) to 11,141.72
-S&P 500 down 4.56 (-0.39%) to 1,160.41
-Nasdaq down 23.97 (-0.93%) to 2,483.70
GLOBAL SENTIMENT
Nikkei up 1%.
Hang Seng up 3.1%.
Shanghai Composite closed.
FTSE-100 up 0.2%.
DAX-30 up 0.1%.
MID-DAY NYSE INDEX WATCH
NYSE Energy up 0.31% at 11,078.71
NYSE Financial down 0.79% at 3,890.94
NYSE Health Care up 0.38% at 6,533.81
NYSE Arca Tech 100 down 0.88% at 1,034.20
UPSIDE MOVERS
(+) AMD (+1%) upgraded.
DOWNSIDE MOVERS
(-) WYNN (-2.2%) upgraded.
(-) AOB (-1.1%) submits plan to get back into listing compliance.
(-) ILMN (-30.9%) warns for Q3 revenue, pulls full-year guidance.
(-) RPG (-0.5%) selling shares.
(-) LYG (-1.8%) credit ratings downgraded.
(-) RBS (-3.4%) credit ratings downgraded.
(-) MWE (-3.8%) pricing shares.
(-) VE (-2.9%) downgraded.
MARKET DIRECTION
Stocks are mixed in mid-day trading after an equally mixed opening following better-than-expected government employment numbers although the unemployment rate remained the same. Still, the data provided hope that the economy isn't heading for a double-dip recession as many had feared.
The U.S. added 103,000 nonfarm jobs in September, the Labor Department said Friday, beating Wall Street forecasts for less than 60,000. Private payrolls expanded by 137,000 jobs. Returning Verizon Communications strikers added about 45,000 workers to payrolls in September.
Revisions to the past two months added 99,000 workers to payrolls, including turning August's zero reading into a 57,000 job gain. The government sector continued to shed jobs in the month. The unemployment rate held steady at 9.1% as expected. Average hourly earnings increased 0.2% to $23.12 in September, reversing a drop in August.
Overseas, the Bank of Japan's policy board kept its monetary policy on hold Friday, saying economic recovery remains on track, while maintaining its asset-buying and extending a special post-earthquake lending program. In its statement, the board said economic activity has "continued picking up," reiterating similar language from its September report. It said production and exports continue to increase, though the pace of recovery has moderated from the sharp rebound that followed the slump in the wake of the earthquake.
In company news:
Netflix ( NFLX ) shares are down even after inking a multi-year licensing agreement with AMC Networks that will make prior seasons of AMC's critically-acclaimed original series, The Walking Dead, available exclusively to Netflix members in the U.S. and Canada. Season 1 of The Walking Dead will be available today.
Alcoa ( AA ) shares are down ahead of the unofficial kickoff to earnings season when it reports its Q3 results on Tuesday. Analysts polled by Thomson Reuters expect the company to report a profit of $0.22 per share on revenue of $6.24 billion.
SeaDrill ( SDRL ) has maintained about 3% gains this morning after it said that it was awarded a one-year contract for operations offshore in Ghana with the newbuild ultra-deepwater semi-submersible rig West Leo. The potential contract revenue for the period is $204 million which includes $18 million in mobilization revenue. Additionally, the rig can earn a daily performance bonus of up to 10%.
Shares of Gannett ( GCI ) are down as the company said late Thursday that Craig Dubow, chairman and CEO, resigned due to disability.
Shares of Smith & Wesson ( SWHC ) are firm above 8% after the company said late yesterday that it plans to divest its perimeter security business to focus on its core firearm business. The company added that the environment for the business, had deteriorated because of reduced government spending.
Shares of Goldman Sachs (GS) are backing off pre-market gains and are now off over 3% after a unit of bankrupt Lehman Brothers Holdings sued one of its units, Bloomberg reported. The suit concerned a failed $1.25 billion real estate deal. Rosslyn LB Syndication Partner accused a Goldman unit of inappropriately terminating the transaction, the report said.
Elsewhere in financial stocks, Cowen Group (COWN) is advancing over 2.5% as it announced that its broker dealer platform, Cowen & Co., has appointed Jeffrey Solomon as chief executive officer effective immediately. Solomon, who previously served as chief operating officer of COWN and head of investment banking at Cowen & Co., will oversee all of Cowen & Co.'s businesses including investment banking, capital markets, sales & trading and research.
Commodities are higher. December gold contracts are up 0.12% to $1,655 an ounce while November crude oil contacts are up 0.33% to $82.84 a barrel.
In energy ETFs, the United States Oil Fund (USO) is up 0.09% to $32.01 and the United States Natural Gas fund (UNG) is down 2.3%, to $8.62.
In precious metal ETFs, the SPDR Gold Trust (GLD) is up 0.02% to $160.53. Market Vectors Gold Miners (GDX) is down 1.62% to $55.43. iShares Silver Trust (SLV) is up 0.03% to $31.21.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) shares are down ahead of the unofficial kickoff to earnings season when it reports its Q3 results on Tuesday. It said production and exports continue to increase, though the pace of recovery has moderated from the sharp rebound that followed the slump in the wake of the earthquake. SeaDrill ( SDRL ) has maintained about 3% gains this morning after it said that it was awarded a one-year contract for operations offshore in Ghana with the newbuild ultra-deepwater semi-submersible rig West Leo.
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Alcoa ( AA ) shares are down ahead of the unofficial kickoff to earnings season when it reports its Q3 results on Tuesday. Overseas, the Bank of Japan's policy board kept its monetary policy on hold Friday, saying economic recovery remains on track, while maintaining its asset-buying and extending a special post-earthquake lending program. Solomon, who previously served as chief operating officer of COWN and head of investment banking at Cowen & Co., will oversee all of Cowen & Co.'s businesses including investment banking, capital markets, sales & trading and research.
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Alcoa ( AA ) shares are down ahead of the unofficial kickoff to earnings season when it reports its Q3 results on Tuesday. In company news: Netflix ( NFLX ) shares are down even after inking a multi-year licensing agreement with AMC Networks that will make prior seasons of AMC's critically-acclaimed original series, The Walking Dead, available exclusively to Netflix members in the U.S. and Canada. Shares of Goldman Sachs (GS) are backing off pre-market gains and are now off over 3% after a unit of bankrupt Lehman Brothers Holdings sued one of its units, Bloomberg reported.
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Alcoa ( AA ) shares are down ahead of the unofficial kickoff to earnings season when it reports its Q3 results on Tuesday. Season 1 of The Walking Dead will be available today. Shares of Goldman Sachs (GS) are backing off pre-market gains and are now off over 3% after a unit of bankrupt Lehman Brothers Holdings sued one of its units, Bloomberg reported.
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1731.0
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2011-10-07 00:00:00 UTC
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Market Wrap-Up for Oct.7 (HD, WMT, BAC, GS, MS, JPM, AA, more)
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AA
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https://www.nasdaq.com/articles/market-wrap-oct7-hd-wmt-bac-gs-ms-jpm-aa-more-2011-10-07
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nan
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nan
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Including this morning's better-than-expected jobs data (although 45K of those jobs were returning Verizon workers from their recent strike), the body of economic data out this week has come in a little ahead of expectations. Whether the data is reliable or not is another story, however, as we have seen nothing but inconsistencies for months on end. Despite the weak close, the markets managed quite a turnaround from the lows hit Tuesday afternoon, as the Dow gained nearly 700 points from those low levels in just three trading sessions. Short-covering or not, we will be scanning much data this weekend to see if the rally can indeed sustain itself.
Financial stocks did not participate in this morning's euphoria over the jobs data. Stocks like Morgan Stanley ( MS ), Bank of America ( BAC ), and Goldman Sachs ( GS ) were quick to turn red following the opening pop. Retailers like Home Depot ( HD ), Wal-Mart Stores ( WMT ), and Starbucks ( SBUX ) saw some buying interest on hopes the consumer can remain confident the jobs situation can begin to turn around. We remain cautious to that point. When we look at the technical damage that has taken place to many of the well-known high-beta names, we urge investors be a bit more careful and not get super aggressive at this time.
The Falling Knife (Billionaires Can Afford It, Retail Investors Cannot)
A big story broke yesterday about Mexican billionaire Carlos Slim once again raising his stake in the New York Times ( NYT ). He has been steadily building his holdings in NYT (now owns 8.1% of the company) even as the stock drips down toward all-time low levels. In my "Be a Dividend Millionaire" book, I talked about examples of how dangerous it can be to continue dollar-cost-averaging into companies with deteriorating fundamentals. For mom and pop investors, mimicking what Carlos Slim is doing with New York Times stock could be a huge mistake.
The New York Times faces the same problems that almost all newspapers do: with so much free content available on the web, if your content is not "actionable," there really is not much of an incentive to feel like you need to pay for it. I do enjoy reading the NY Times myself, but only because it's something I've done for years. The trend of people buying newspapers (print versions) has declined dramatically in the last decade. I remember when we were running our food business and the piles of newspapers we would go through each day (putting together the Sunday NY Times was a nightmare, by the way). It's just not like that anymore.
This is the "elephant in the room" for newspaper companies. Long-term, even billionaire investors would have a tough time trying to convince me where their growth will come from. There is certainly a shift to going all digital, but again, if it's not actionable information, the model is going to rely more and more on advertising. Can the NY Times survive on digital subscriptions/advertising? It can, but what will the profits look like? Certainly right now, the market isn't optimistic the profits can be anywhere near what it used to be. So my advice would be to leave these situations to billionaires that can afford to roll the dice. Besides, the NY Times no longer pays a dividend.
Consumer Delinquencies On the Rise
Earlier this week, the American Bankers Association released data showing nine of eleven loan categories showed slightly higher delinquencies in the second quarter. Some of the anecdotes derived from the data pointed to high unemployment, rising gas prices and a struggling economy for the uptick in delinquencies. Some of the more well-known data points included personal loan delinquencies which rose from 3.05 percent to 3.12 percent, as well as home equity lines of credit delinquencies that rose from 1.80 percent to 1.91 percent.
If you are going to successfully build wealth, eliminating debt (especially high interest loans like credit cards) is a necessary element. Financial accountability means focusing a bit more on budgeting your spending data. Prioritize your expenses to first account for the main fixed costs (rent, mortgage, food, insurance, etc.) before doing any extra spending (clothes, dinner, movies, etc.). This practice makes a ton of sense, and I think also will teach you some self-discipline.
As we get toward the end of the year, it will be time to think about those must-fund tax-advantaged retirement accounts. Hopefully many of you are thinking about this already and having been socking money away for this annual event. If you think dividend stocks work well for a regular brokerage account, just wait until you see the potential returns within accounts like IRA's. Of course, you'll have a hard time ever funding a retirement account if you carry toxic debt in your financial life.
I know that many of you reading this may not have these worries, but if you have kids or younger friends, be sure to remind them about what it takes to get to a state of financial freedom. Whether you mentor them yourself or forward them this newsletter, remember that bad financial decisions are made by some of the smartest people you know.
A Look to Next Week and a Weekend Preview
Looking ahead to next week, quarterly earnings will be fairly light. We will, however, see results from the likes of Alcoa ( AA ), J.P. Morgan ( JPM ), and Mattel ( MAT ), and a few others of note.
Be sure to catch up with our latest watchlist updates this weekend on Dividend.com Premium , including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and much more. And as always, you can view our current recommendations on our industry-leading Best Dividend Stocks List .
Thanks for reading, and I'll see this weekend! P.S. Please pass this e-mail on to someone you think can use some financial motivation as well as being kept in thefinancial newsloop that could affect them.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We will, however, see results from the likes of Alcoa ( AA ), J.P. Morgan ( JPM ), and Mattel ( MAT ), and a few others of note. Stocks like Morgan Stanley ( MS ), Bank of America ( BAC ), and Goldman Sachs ( GS ) were quick to turn red following the opening pop. Retailers like Home Depot ( HD ), Wal-Mart Stores ( WMT ), and Starbucks ( SBUX ) saw some buying interest on hopes the consumer can remain confident the jobs situation can begin to turn around.
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We will, however, see results from the likes of Alcoa ( AA ), J.P. Morgan ( JPM ), and Mattel ( MAT ), and a few others of note. Some of the more well-known data points included personal loan delinquencies which rose from 3.05 percent to 3.12 percent, as well as home equity lines of credit delinquencies that rose from 1.80 percent to 1.91 percent. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We will, however, see results from the likes of Alcoa ( AA ), J.P. Morgan ( JPM ), and Mattel ( MAT ), and a few others of note. Including this morning's better-than-expected jobs data (although 45K of those jobs were returning Verizon workers from their recent strike), the body of economic data out this week has come in a little ahead of expectations. The Falling Knife (Billionaires Can Afford It, Retail Investors Cannot) A big story broke yesterday about Mexican billionaire Carlos Slim once again raising his stake in the New York Times ( NYT ).
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We will, however, see results from the likes of Alcoa ( AA ), J.P. Morgan ( JPM ), and Mattel ( MAT ), and a few others of note. This is the "elephant in the room" for newspaper companies. Financial accountability means focusing a bit more on budgeting your spending data.
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1732.0
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2011-10-06 00:00:00 UTC
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This Low-Risk Dow Stock Could Double in 2 Years
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AA
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https://www.nasdaq.com/articles/low-risk-dow-stock-could-double-2-years-2011-10-06
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nan
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nan
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In his famous book A Random Walk Down Wall Street , Burton Malkiel suggests that every stock is exactly fairly valued. There can be no such thing as an undervalued stock or an overvalued stock, since investors are armed with all knowledge impacting the value of a stock. With all due respect to the Princeton professor, he's wrong. Very wrong. Stock valuations are a function of supply and demand, and right now, demand for stocks is weak and stock prices have fallen far below their intrinsic value .
I was reminded of this once again as I was poring over the financial statements of Alcoa (NYSE: AA ) as the aluminum giant gets set to kick off earnings season next week. The company's stock touched a two-year low on Tuesday, Oct. 5, and now trades at levels seen back in 1995. Make no mistake, Alcoa is a very healthy company poised for robust cash flow , regardless of what the stock price may tell you.
Why the sell-off?
Investors are surely concerned about the global economy and what that mightmean for pricing and demand for Alcoa's three main businesses: alumina, aluminum and finished aluminum products. The rising tide of economic concerns has surely impacted the industry lately. Aluminum prices have traded off in recent weeks, down to $1 per pound on September 30 (the last available reading).
Falling aluminumspot prices
The recent drop in the stock off should tell you two things. First, the consensus EPS ( earnings per share) forecast of $0.27 simply won't happen. Analysts had been basing their profit forecasts on aluminum in the $1.10 to $1.15 range. If I had to make a guess, Alcoa will earn closer to $0.15 a share. (That's not to say shares will take a hit when the numbers come out -- the recent stock selloff already anticipates a shortfall, in my opinion.)
The other thing to infer from the recent selloff: this stock is now absurdly cheap by so many measures and can pay off big for those with a multi-year timeline.
2009 Redux?
Investors may be bracing for a return to the brutal industry conditions of 2009, when aluminum prices skidded to around $0.65 per pound, leading Alcoa to lose $1.05 a share for the full year. Since then, several factors have changed, and although Alcoa's pricing and profits may indeed slump further in coming weeks and months, they shouldn't hit 2009 levels. And when demand rebounds, Alcoa's financial performance should be outstanding. Remember: you should buy a stock when an eventual bottom is in sight, not when the bottom has already passed.
The China factor
Alcoa's financial results peaked in 2007, when the company generated 21% EBITDA margins and earned $3.24 a share. The robust results masked the fact that China was wreaking havoc with the aluminum industry by producing more than it consumed. Not anymore. For the first time since 2002 (with the exception of 2009), China now consumes more aluminum than it produces, which means Alcoa faces less pressure in terms of Chinese aluminum imports. It can now count on China as an export market .
Why the change? Because policy planners in China have belatedly realized that it's more economical to rely on aluminum imports because Chinese smelters consume far more energy than those operated by Alcoa and others. High-cost Chinese smelters are being shuttered, and the country's total output is expected to shrink in 2012 and again in 2013.
Alcoa has made a series of investments during the past five years to open smelters where power costs are very low, such as Iceland (hydro-electric), Trinidad (natural gas) and Saudi Arabia (natural gas). The company's low-cost production base is finally turning into a competitive weapon. On the upcoming quarterly earnings conferencecall , listen for management's discussion of its own costs compared with the rest of the industry, and you'll see a bright picture emerging.
There's another reason to focus on the brightening long-term outlook for Alcoa. This is no longer just about soda cans. Aluminum is becoming a major component in airplanes, and more notably automobiles. In the next two years, a wide range of automakers will roll out vehicles with an increasing percentage of lightweight aluminum in their bodies. Audi and Jaguar started the trend, and others are now following suit. In response, Alcoa recently invested $300 million in a plant in Iowa that will produce more aluminum panels for automakers.
Running through the numbers
Clearly, Alcoa's shares are responding to near-term concerns. But as the market finds a bottom and investors go in search of value, they'll start to focus on just how cheap this stock is in relation to its long-term outlook.
For example:
Alcoa sports $15 billion in book value , but is valued at just $9.4 billion on the market. Goldman Sachs sees book value per share rising to $17.91 by the end of 2013 -- twice the current stock price. Their target price is $16, up from a current $9.
Citigroup anticipates Alcoa's operating cash flow will rise from $2.7 billion in 2010 to $3.7 billion by 2012.
UBS, which sees shares rising to $13, notes shares are simply too cheap at 4.5 times projected 2013 EBITDA, on an enterprise value basis. They look for a big breakout in 2013, predicting net income will nearly double and free cash flow rises by half to $5.2 billion.
Risks to consider: China remains the wildcard. A major slowdown in its economy would keep aluminum prices depressed. As a silver lining, a period of low prices would shake out Alcoa's higher-cost rivals, helping the company to expand market share .
Action to Take --> This is a good company with an ugly stock. Shares have been in freefall for weeks now and have lost more than half their value in the past 52 weeks. Yet the long-term picture is inarguably bright for Alcoa. Investors may get a modest relief rally when quarterly results are released next week, and in the next few years, shares could well return to that 52-week high , at least double current levels.
-- David Sterman
Disclosure: Neither David Sterman nor StreetAuthority, LLC hold positions in any securities mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I was reminded of this once again as I was poring over the financial statements of Alcoa (NYSE: AA ) as the aluminum giant gets set to kick off earnings season next week. Investors may be bracing for a return to the brutal industry conditions of 2009, when aluminum prices skidded to around $0.65 per pound, leading Alcoa to lose $1.05 a share for the full year. On the upcoming quarterly earnings conferencecall , listen for management's discussion of its own costs compared with the rest of the industry, and you'll see a bright picture emerging.
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I was reminded of this once again as I was poring over the financial statements of Alcoa (NYSE: AA ) as the aluminum giant gets set to kick off earnings season next week. The China factor Alcoa's financial results peaked in 2007, when the company generated 21% EBITDA margins and earned $3.24 a share. Citigroup anticipates Alcoa's operating cash flow will rise from $2.7 billion in 2010 to $3.7 billion by 2012.
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I was reminded of this once again as I was poring over the financial statements of Alcoa (NYSE: AA ) as the aluminum giant gets set to kick off earnings season next week. Stock valuations are a function of supply and demand, and right now, demand for stocks is weak and stock prices have fallen far below their intrinsic value . Investors are surely concerned about the global economy and what that mightmean for pricing and demand for Alcoa's three main businesses: alumina, aluminum and finished aluminum products.
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I was reminded of this once again as I was poring over the financial statements of Alcoa (NYSE: AA ) as the aluminum giant gets set to kick off earnings season next week. (That's not to say shares will take a hit when the numbers come out -- the recent stock selloff already anticipates a shortfall, in my opinion.) Since then, several factors have changed, and although Alcoa's pricing and profits may indeed slump further in coming weeks and months, they shouldn't hit 2009 levels.
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1733.0
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2011-10-03 00:00:00 UTC
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Alcoa’s Rating, Price Target, Estimates Cut at Deutsche Bank (AA)
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AA
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https://www.nasdaq.com/articles/alcoas-rating-price-target-estimates-cut-deutsche-bank-aa-2011-10-03
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nan
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nan
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Aluminum producer Alcoa Inc. ( AA ) on Monday caught a big downgrade from analysts at Deutsche Bank.
The firm said it cut its rating on AA from "Buy" to "Hold" while lowered its price target price target from $20 all the way down to $14. That new target suggests a much smaller (yet still-massive) upside of 46% to the stock's Friday closing price of $9.57.
A Deutsche analyst commented, "We have updated our Alcoa model based on DBs revised aluminum estimates, which have been lowered by 11% to $1.18/lb in 2012 and by 5% to $1.20/lb in 2013. As a result of aluminum price revisions and accounting for the sticky nature of key raw materials for Alcoa, we are cutting our 2012 and 2013 EPS to $1.27 (-29% versus prior) and $1.54 (-20%), respectively. Our EPS estimates for 2012 is 7% lower than Bloomberg consensus of $1.37, but 4% higher than $1.49 in 2013."
Alcoa shares fell 20 cents, or -2.1%, in premarket trading Monday.
The Bottom Line
Shares of Alcoa ( AA ) have a 1.25% dividend yield, based on Friday's closing stock price of $9.57. The stock has technical support in the $7-$8 price area. If the shares can firm up, we see overhead resistance around the $12 price level.
Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Bottom Line Shares of Alcoa ( AA ) have a 1.25% dividend yield, based on Friday's closing stock price of $9.57. Aluminum producer Alcoa Inc. ( AA ) on Monday caught a big downgrade from analysts at Deutsche Bank. The firm said it cut its rating on AA from "Buy" to "Hold" while lowered its price target price target from $20 all the way down to $14.
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The firm said it cut its rating on AA from "Buy" to "Hold" while lowered its price target price target from $20 all the way down to $14. The Bottom Line Shares of Alcoa ( AA ) have a 1.25% dividend yield, based on Friday's closing stock price of $9.57. Aluminum producer Alcoa Inc. ( AA ) on Monday caught a big downgrade from analysts at Deutsche Bank.
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The firm said it cut its rating on AA from "Buy" to "Hold" while lowered its price target price target from $20 all the way down to $14. The Bottom Line Shares of Alcoa ( AA ) have a 1.25% dividend yield, based on Friday's closing stock price of $9.57. Aluminum producer Alcoa Inc. ( AA ) on Monday caught a big downgrade from analysts at Deutsche Bank.
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The firm said it cut its rating on AA from "Buy" to "Hold" while lowered its price target price target from $20 all the way down to $14. The Bottom Line Shares of Alcoa ( AA ) have a 1.25% dividend yield, based on Friday's closing stock price of $9.57. Aluminum producer Alcoa Inc. ( AA ) on Monday caught a big downgrade from analysts at Deutsche Bank.
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1734.0
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2011-09-09 00:00:00 UTC
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Alcoa’s Target, Estimates Lowered at UBS (AA)
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AA
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https://www.nasdaq.com/articles/alcoas-target-estimates-lowered-ubs-aa-2011-09-09
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nan
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nan
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Aluminum producer Alcoa Inc. ( AA ) on Friday saw its price target and earnings estimates cut by analysts at UBS.
The firm said it now expects AA shares to reach $13, suggesting a smaller 8% upside to the stock's Thursday closing price of $12.03.
UBS also cut its earnings estimates for the company but maintained its "Neutral" rating, noting AA's expected seasonal lull in its midstream business.
Alcoa shares were mostly flat in premarket trading Friday.
The Bottom Line
Shares of Alcoa ( AA ) have a 1.00% dividend yield, based on last night's closing stock price of $12.03. The stock has technical support in the $11 price area. If the shares can firm up, we see overhead resistance around the $14 price level.
Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aluminum producer Alcoa Inc. ( AA ) on Friday saw its price target and earnings estimates cut by analysts at UBS. The firm said it now expects AA shares to reach $13, suggesting a smaller 8% upside to the stock's Thursday closing price of $12.03. UBS also cut its earnings estimates for the company but maintained its "Neutral" rating, noting AA's expected seasonal lull in its midstream business.
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Aluminum producer Alcoa Inc. ( AA ) on Friday saw its price target and earnings estimates cut by analysts at UBS. The firm said it now expects AA shares to reach $13, suggesting a smaller 8% upside to the stock's Thursday closing price of $12.03. UBS also cut its earnings estimates for the company but maintained its "Neutral" rating, noting AA's expected seasonal lull in its midstream business.
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Aluminum producer Alcoa Inc. ( AA ) on Friday saw its price target and earnings estimates cut by analysts at UBS. The firm said it now expects AA shares to reach $13, suggesting a smaller 8% upside to the stock's Thursday closing price of $12.03. The Bottom Line Shares of Alcoa ( AA ) have a 1.00% dividend yield, based on last night's closing stock price of $12.03.
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Aluminum producer Alcoa Inc. ( AA ) on Friday saw its price target and earnings estimates cut by analysts at UBS. The firm said it now expects AA shares to reach $13, suggesting a smaller 8% upside to the stock's Thursday closing price of $12.03. UBS also cut its earnings estimates for the company but maintained its "Neutral" rating, noting AA's expected seasonal lull in its midstream business.
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1735.0
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2011-08-31 00:00:00 UTC
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Goldman Sachs Reiterates “Buy” Rating on Freeport-McMoRan, Alcoa (FCX, AA)
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AA
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https://www.nasdaq.com/articles/goldman-sachs-reiterates-buy-rating-freeport-mcmoran-alcoa-fcx-aa-2011-08-31
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nan
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nan
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Metals producers Freeport-McMoRan Copper & Gold Inc. ( FCX ) and Alcoa Inc. ( AA ) on Wednesday saw their "Buy" ratings reiterated by analysts at Goldman Sachs.
The firm advised clients to buy the two stocks following recent weakness, noting it expects metal demand to remain healthy in coming months, particularly in emerging markets.
Goldman cited several factors for the bullish view, including low copper supplies, no further downside fro aluminum, and expected acceleration in the aerospace cycle.
FCX shares rose 68 cents, or +1.5%, in premarket trading Wednesday, while AA shares were up 10 cents, or +0.8%.
The Bottom Line
Shares of Freeport McMoran ( FCX ) have a 2.15% dividend yield, based on last night's closing stock price of $46.61. The stock has technical support in the $41-$42 price area. If the shares can firm up, we see overhead resistance around the $50-$51 price levels. Shares of Alcoa ( AA ) have a .97% dividend yield, based on last night's closing stock price of $11 a share. If the shares can firm up, we see overhead resistance around the $14 price level.
Freeport-McMoRan Copper & Gold Inc. ( FCX ) and Alcoa Inc. ( AA ) are both rated "Neutral."
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Metals producers Freeport-McMoRan Copper & Gold Inc. ( FCX ) and Alcoa Inc. ( AA ) on Wednesday saw their "Buy" ratings reiterated by analysts at Goldman Sachs. FCX shares rose 68 cents, or +1.5%, in premarket trading Wednesday, while AA shares were up 10 cents, or +0.8%. Shares of Alcoa ( AA ) have a .97% dividend yield, based on last night's closing stock price of $11 a share.
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Metals producers Freeport-McMoRan Copper & Gold Inc. ( FCX ) and Alcoa Inc. ( AA ) on Wednesday saw their "Buy" ratings reiterated by analysts at Goldman Sachs. Shares of Alcoa ( AA ) have a .97% dividend yield, based on last night's closing stock price of $11 a share. FCX shares rose 68 cents, or +1.5%, in premarket trading Wednesday, while AA shares were up 10 cents, or +0.8%.
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FCX shares rose 68 cents, or +1.5%, in premarket trading Wednesday, while AA shares were up 10 cents, or +0.8%. Shares of Alcoa ( AA ) have a .97% dividend yield, based on last night's closing stock price of $11 a share. Metals producers Freeport-McMoRan Copper & Gold Inc. ( FCX ) and Alcoa Inc. ( AA ) on Wednesday saw their "Buy" ratings reiterated by analysts at Goldman Sachs.
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Metals producers Freeport-McMoRan Copper & Gold Inc. ( FCX ) and Alcoa Inc. ( AA ) on Wednesday saw their "Buy" ratings reiterated by analysts at Goldman Sachs. Shares of Alcoa ( AA ) have a .97% dividend yield, based on last night's closing stock price of $11 a share. FCX shares rose 68 cents, or +1.5%, in premarket trading Wednesday, while AA shares were up 10 cents, or +0.8%.
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1736.0
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2011-08-15 00:00:00 UTC
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Investing 101: Oversold S&P500 Large Caps with Bullish Option Sentiment
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AA
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https://www.nasdaq.com/articles/investing-101-oversold-sp500-large-caps-bullish-option-sentiment-2011-08-15
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nan
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nan
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(List compiled by Danny Guttridge. Put/Call data sourced from Schaeffer's, all other data sourced from Finviz.)
After seeing several large drops in the market over the past few weeks, there is a lot of uncertainty about the market's direction from here. Volatility is still very high, but there might be some stocks that have seen, or are getting close to seeing their bottom. One way to find these stocks is to screen for a decreasing Put/Call ratio. Let's take a closer look.
Options: Options are contracts that are traded like regular stocks. There are two types of option contracts: Calls and Puts.
In general, buyers of call options believe a stock's price is going to rise, while buyers of put options believe that a stock's price might decline.
A call option gives the buyer the right, but not the obligation, to buy a stock at a certain price at some point in the future. In other words, the buyer of a call option pays a small premium that gives him the right to benefit from potential upside in the future (i.e. he might be able to buy at a lower price, and immediately sell at a profit if the price of the stock rises significantly).
Similarly, a put option gives the holder the right, but not the obligation, to sell a stock at a certain price in the future. If the stock declines sharply, the put option holder can buy the stock at a depressed price, and sell it at the higher price agreed to in the contract.
Put/Call ratio is the total number of put options relative to the total number of call options for a given stock. If there are more put options (a put/call ratio greater than 1), then there are more investors who think that the share price will decrease than there are investors who think that the share price will increase.
To put it simply, a put/call ratio higher than 1 reflects a bearish sentiment about a given stock. A put/call ratio below 1 reflects bullish sentiment about a stock.
Similarly, a rising put/call ratio indicates investor bearishness, while a declining put/call ratio indicates bullishness.
RSI(14) is a technical indicator that measures the speed and magnitude of price movements. It can be used to indicate momentum on a scale of 0 to 100. In general, levels above 70 indicate that a stock is overbought, while levels below 40 signal that a stock is oversold.
Now that you're armed with this knowledge, take a look at this list.
Options traders seem to believe these stocks have hit their bottom, and might be on their way up. Do you agree? Use the list below as a starting point for your own analysis.
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
1. Ecolab Inc. (ECL): Cleaning Products Industry. Market cap of $10.92B. RSI(14) at 37.77. Put/call ratio has decreased 28.24% over the last ten trading days (from 0.85 to 0.61). The stock has performed poorly over the last month, losing 15.18%.
2. Xerox Corp. (XRX): Business Equipment Industry. Market cap of $11.24B. RSI(14) at 32.83. Put/call ratio has decreased 28.21% over the last ten trading days (from 0.78 to 0.56). Might be undervalued at current levels, with a PEG ratio at 0.67, and P/FCF ratio at 9.63. It's been a rough couple of days for the stock, losing 6.1% over the last week.
3. General Dynamics Corp. (GD): Aerospace/Defense Products & Services Industry. Market cap of $22.13B. RSI(14) at 35.63. Put/call ratio has decreased 27.08% over the last ten trading days (from 0.96 to 0.70). It's been a rough couple of days for the stock, losing 5.06% over the last week.
4. Time Warner Cable Inc. (TWC): CATV Systems Industry. Market cap of $22.04B. RSI(14) at 36.25. Put/call ratio has decreased 23.85% over the last ten trading days (from 1.09 to 0.83). The stock has performed poorly over the last month, losing 15.43%.
5. Coach Inc. (COH): Textile Footwear & Accessories Industry. Market cap of $15.97B. RSI(14) at 35.56. Put/call ratio has decreased 22.52% over the last ten trading days (from 1.11 to 0.86). It's been a rough couple of days for the stock, losing 6.39% over the last week.
6. Parker Hannifin Corporation (PH): Industrial Equipment & Components Industry. Market cap of $11.28B. RSI(14) at 38.84. Put/call ratio has decreased 22.41% over the last ten trading days (from 1.16 to 0.90). The stock has performed poorly over the last month, losing 19.62%.
7. Devon Energy Corporation (DVN): Independent Oil & Gas Industry. Market cap of $28.32B. RSI(14) at 34.22. Put/call ratio has decreased 22.34% over the last ten trading days (from 0.94 to 0.73). The stock has performed poorly over the last month, losing 12.69%.
8. Charles Schwab Corp. (SCHW): Investment Brokerage Industry. Market cap of $14.83B. RSI(14) at 26.48. Put/call ratio has decreased 21.21% over the last ten trading days (from 0.99 to 0.78). It's been a rough couple of days for the stock, losing 9.57% over the last week.
9. Alcoa, Inc. (AA): Aluminum Industry. Market cap of $13.05B. RSI(14) at 34.18. Put/call ratio has decreased 20.83% over the last ten trading days (from 0.96 to 0.76). This is a risky stock that is significantly more volatile than the overall market (beta = 2.07). The stock has performed poorly over the last month, losing 20.54%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa, Inc. (AA): Aluminum Industry. A call option gives the buyer the right, but not the obligation, to buy a stock at a certain price at some point in the future. In other words, the buyer of a call option pays a small premium that gives him the right to benefit from potential upside in the future (i.e. he might be able to buy at a lower price, and immediately sell at a profit if the price of the stock rises significantly).
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Alcoa, Inc. (AA): Aluminum Industry. In general, buyers of call options believe a stock's price is going to rise, while buyers of put options believe that a stock's price might decline. If the stock declines sharply, the put option holder can buy the stock at a depressed price, and sell it at the higher price agreed to in the contract.
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Alcoa, Inc. (AA): Aluminum Industry. In general, buyers of call options believe a stock's price is going to rise, while buyers of put options believe that a stock's price might decline. If the stock declines sharply, the put option holder can buy the stock at a depressed price, and sell it at the higher price agreed to in the contract.
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Alcoa, Inc. (AA): Aluminum Industry. In general, buyers of call options believe a stock's price is going to rise, while buyers of put options believe that a stock's price might decline. A put/call ratio below 1 reflects bullish sentiment about a stock.
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1737.0
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2011-08-04 00:00:00 UTC
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Stocks Plunge After Brief Respite: Major Indexes Down 3% or More
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AA
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https://www.nasdaq.com/articles/stocks-plunge-after-brief-respite-major-indexes-down-3-or-more-2011-08-04
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nan
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nan
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Stocks are testing new lows with all three major indexes down 3% or more, led by a 3.68% plunge in the tech-heavy Nasdaq Composite Index.
The Dow Jones Industrial Average is down more than 400 points, with Aloca Inc. ( AA ) leading decliners, down 6.94% on track for the biggest weekly drop in two years. The S&P 500 is down 3.7%. Banking stocks are also leading decliners on the S&P 500 after European indexes also posted sharp declines today on concerns over sovereign debt.
Commodities are moving in step with equities. Crude oil for September delivery is down $5.06 to $86.87 a barrel on the New York Mercantile Exchange. Gold is off $13.30 to $1653 an ounce. The United States Oil ( USO ) exchange traded fund is trading at $33.91, down $1.95, or 5.44%. The SPDR Gold Trust ( GLD ) exchange traded fund is at $160.67 down $0.82, or 0.51%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Dow Jones Industrial Average is down more than 400 points, with Aloca Inc. ( AA ) leading decliners, down 6.94% on track for the biggest weekly drop in two years. Crude oil for September delivery is down $5.06 to $86.87 a barrel on the New York Mercantile Exchange. The SPDR Gold Trust ( GLD ) exchange traded fund is at $160.67 down $0.82, or 0.51%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Dow Jones Industrial Average is down more than 400 points, with Aloca Inc. ( AA ) leading decliners, down 6.94% on track for the biggest weekly drop in two years. The United States Oil ( USO ) exchange traded fund is trading at $33.91, down $1.95, or 5.44%.
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The Dow Jones Industrial Average is down more than 400 points, with Aloca Inc. ( AA ) leading decliners, down 6.94% on track for the biggest weekly drop in two years. The United States Oil ( USO ) exchange traded fund is trading at $33.91, down $1.95, or 5.44%. The SPDR Gold Trust ( GLD ) exchange traded fund is at $160.67 down $0.82, or 0.51%.
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The Dow Jones Industrial Average is down more than 400 points, with Aloca Inc. ( AA ) leading decliners, down 6.94% on track for the biggest weekly drop in two years. Banking stocks are also leading decliners on the S&P 500 after European indexes also posted sharp declines today on concerns over sovereign debt. The United States Oil ( USO ) exchange traded fund is trading at $33.91, down $1.95, or 5.44%.
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1738.0
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2011-07-25 00:00:00 UTC
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Alcoa Aims for $18 by Investing in ‘Green' Initiatives
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AA
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https://www.nasdaq.com/articles/alcoa-aims-18-investing-green-initiatives-2011-07-25
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nan
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nan
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Alcoa ( AA ) has increased its focus on sustainability. The company's announcement to invest $21 million in expanding B&C Research - a part of Alcoa's Wheel and Transportation Products business - is its latest pro-environment expansion plan. Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina and its 'green' commitment will help it stand out vs. competitors like Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ).
Our price estimate for Alcoa is $17.70 , roughly 10% above the stock's market price.
Sustainability is key to Alcoa's growth strategy
Earlier this year, Alcoa entered a partnership with Codexis and CO2 Solutions to develop carbon capture technology for commercial uses - a move that could lower input costs for the company in the long run while reducing emission levels. We spoke about this in detail in our article, Alcoa's Carbon Capture Project is Green and Good for Business .
The recently announced investment in B&C Research is directed towards substantially improving the recycling and casting process currently employed to make aluminum billets for wheels. The upgrade is expected to reduce energy consumption and greenhouse gas emissions - improving the overall manufacturing process.
What this means for Alcoa…
Alcoa's aluminum wheels reduce the overall weight of a vehicle and in turn improve fuel efficiency and reduce greenhouse gas emissions. And the soon to be implemented process will reduce the manufacturing energy requirements for Alcoa by as much as 25% while also lowering the company's carbon footprint. This will clearly help reduce manufacturing costs for its Wheels and Transportation products business.
The company reports the performance of this business under its Engineered Products division. This upgrade will help improve margins for this division in the long run.
You can understand the impact of an improvement in the EBITDA margins of Alcoa's engineered products division on the company's stock by making changes to the chart above.
See our full analysis for Alcoa
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) has increased its focus on sustainability. The company's announcement to invest $21 million in expanding B&C Research - a part of Alcoa's Wheel and Transportation Products business - is its latest pro-environment expansion plan. The recently announced investment in B&C Research is directed towards substantially improving the recycling and casting process currently employed to make aluminum billets for wheels.
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Alcoa ( AA ) has increased its focus on sustainability. The upgrade is expected to reduce energy consumption and greenhouse gas emissions - improving the overall manufacturing process. This will clearly help reduce manufacturing costs for its Wheels and Transportation products business.
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Alcoa ( AA ) has increased its focus on sustainability. Sustainability is key to Alcoa's growth strategy Earlier this year, Alcoa entered a partnership with Codexis and CO2 Solutions to develop carbon capture technology for commercial uses - a move that could lower input costs for the company in the long run while reducing emission levels. What this means for Alcoa… Alcoa's aluminum wheels reduce the overall weight of a vehicle and in turn improve fuel efficiency and reduce greenhouse gas emissions.
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Alcoa ( AA ) has increased its focus on sustainability. The upgrade is expected to reduce energy consumption and greenhouse gas emissions - improving the overall manufacturing process. This will clearly help reduce manufacturing costs for its Wheels and Transportation products business.
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1739.0
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2011-07-25 00:00:00 UTC
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Presidential Cycles and the Dow Jones: Does it Follow a Predictable Pattern?
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AA
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https://www.nasdaq.com/articles/presidential-cycles-and-dow-jones-does-it-follow-predictable-pattern-2011-07-25
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nan
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nan
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(Article by Andrew Dominguez; List compiled by Eben Esterhuizen, CFA)
For generations, curious stock market researchers have sought to make sense of the aggregated behavior of innumerable investors. Is there any rhyme or reason behind anything that occurs in the markets or in life?
That latter question is ultimately unknowable. But mankind has math, computers, lots of data, and a knack for seeing patterns in and between disparate events for the former.
As a result, researchers have found numerous ways of predicting the stock markets, from pure technical analysis of movements to the testosterone levels of traders.
One theory that seemingly comes out of left field is the Presidential Election Cycle Theory. Here is a brief run through of some of the evidence proffered by two recent studies.
Mark Hulbert of MarketWatch compiled Dow Jones data dating back to 1896 and found the following:
- the third year of a presidential cycle significantly outperforms all others, with average stock market gains of 15.5% compared to 8.8% in the first year, 0.4% in the second, and 4.1% in the fourth year; his years begin at the end of September because data is quarterly and elections occur in November
- the market performance in the third year of a presidential cycle is not statistically correlated to the market performance of the previous year; in other words, third years have tended to outperform other years regardless of whether the second year in the cycle experienced a boom or a bust
- he also found that there is no significant correlation between stock valuations and market performances in the third year; “On average, third years perform just as well when price/earnings ratios are high as they do when those ratios are low”
Marshall Nickles of Pepperdine University found similar results in his 2004 study.
- historical stock market cycles dating back to 1942 have lasted an average of 4.02 years, which is essentially the same length as a presidential term; a cycle is defined as the time between peaks or the time it takes to go from a peak to a trough and then back to a peak
- stock markets bottomed out only once during the third year of a presidential cycle in data dating back to the FDR administration. The one time the trough occurred in the third year was in December 1987 (Reagan). The average timeframe for a market trough was 1.87 years into the presidential term. Markets never bottomed out in the fourth year.
But why the third year? And why does it have a 94% probability of finishing higher, as Jonathan Burton of MarketWatch asserts?
Nickles attributes this phenomenon to the well-known link between the state of the economy and the results of an election. “It’s the economy stupid!”
In general, incumbent politicians are more likely to be re-elected and their party remains in power if the economy has been doing well. Basically, satisfied voters have tended to re-elect incumbents.
Knowing this, politicians have tended to (or at the very least they are expected to) use fiscal policy to buoy the economy during the campaign season.
Interested in gauging if this theory holds any water? We crunched the numbers, and identified the top 10 performing Dow Jones Average stocks. Are these stocks benefiting from the presidential cycle trend, or are other forces at work?
Use this list as a starting point for your own analysis.
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
1. Caterpillar Inc. (CAT): Farm & Construction Machinery Industry. Wall Street analysts expect the company's earnings to grow by 21.2% over the next 5 years. The stock has gained 54.54% over the last year.
2. Chevron Corp. (CVX): Major Integrated Oil & Gas Industry. Wall Street analysts expect the company's earnings to grow by 5.47% over the next 5 years. The stock has gained 53.2% over the last year.
3. EI DuPont de Nemours & Co. (DD): Chemicals Industry. Wall Street analysts expect the company's earnings to grow by 9.38% over the next 5 years. The stock has gained 47.92% over the last year.
4. International Business Machines Corp. (IBM): Diversified Computer Systems Industry. Wall Street analysts expect the company's earnings to grow by 10.83% over the next 5 years. The stock has gained 46.83% over the last year.
5. Exxon Mobil Corporation (XOM): Major Integrated Oil & Gas Industry. Wall Street analysts expect the company's earnings to grow by 8.48% over the next 5 years. The stock has gained 46.2% over the last year.
6. Alcoa, Inc. (AA): Aluminum Industry. Wall Street analysts expect the company's earnings to grow by 70.43% over the next 5 years. The stock has gained 44.43% over the last year.
7. Pfizer Inc. (PFE): Drug Manufacturer. Wall Street analysts expect the company's earnings to grow by 2.92% over the next 5 years. The stock has gained 43.46% over the last year.
8. Verizon Communications Inc. (VZ): Telecom Services. Wall Street analysts expect the company's earnings to grow by 6.1% over the next 5 years. The stock has gained 38.33% over the last year.
9. The Home Depot, Inc. (HD): Home Improvement Stores Industry. Wall Street analysts expect the company's earnings to grow by 12.77% over the next 5 years. The stock has gained 33.28% over the last year.
10. The Coca-Cola Company (KO): Beverages Industry. Wall Street analysts expect the company's earnings to grow by 8.93% over the next 5 years. The stock has gained 31.1% over the last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa, Inc. (AA): Aluminum Industry. (Article by Andrew Dominguez; List compiled by Eben Esterhuizen, CFA) For generations, curious stock market researchers have sought to make sense of the aggregated behavior of innumerable investors. As a result, researchers have found numerous ways of predicting the stock markets, from pure technical analysis of movements to the testosterone levels of traders.
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Alcoa, Inc. (AA): Aluminum Industry. Mark Hulbert of MarketWatch compiled Dow Jones data dating back to 1896 and found the following: - the third year of a presidential cycle significantly outperforms all others, with average stock market gains of 15.5% compared to 8.8% in the first year, 0.4% in the second, and 4.1% in the fourth year; his years begin at the end of September because data is quarterly and elections occur in November - the market performance in the third year of a presidential cycle is not statistically correlated to the market performance of the previous year; in other words, third years have tended to outperform other years regardless of whether the second year in the cycle experienced a boom or a bust - he also found that there is no significant correlation between stock valuations and market performances in the third year; “On average, third years perform just as well when price/earnings ratios are high as they do when those ratios are low” Marshall Nickles of Pepperdine University found similar results in his 2004 study. Wall Street analysts expect the company's earnings to grow by 21.2% over the next 5 years.
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Alcoa, Inc. (AA): Aluminum Industry. Mark Hulbert of MarketWatch compiled Dow Jones data dating back to 1896 and found the following: - the third year of a presidential cycle significantly outperforms all others, with average stock market gains of 15.5% compared to 8.8% in the first year, 0.4% in the second, and 4.1% in the fourth year; his years begin at the end of September because data is quarterly and elections occur in November - the market performance in the third year of a presidential cycle is not statistically correlated to the market performance of the previous year; in other words, third years have tended to outperform other years regardless of whether the second year in the cycle experienced a boom or a bust - he also found that there is no significant correlation between stock valuations and market performances in the third year; “On average, third years perform just as well when price/earnings ratios are high as they do when those ratios are low” Marshall Nickles of Pepperdine University found similar results in his 2004 study. - historical stock market cycles dating back to 1942 have lasted an average of 4.02 years, which is essentially the same length as a presidential term; a cycle is defined as the time between peaks or the time it takes to go from a peak to a trough and then back to a peak - stock markets bottomed out only once during the third year of a presidential cycle in data dating back to the FDR administration.
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Alcoa, Inc. (AA): Aluminum Industry. Mark Hulbert of MarketWatch compiled Dow Jones data dating back to 1896 and found the following: - the third year of a presidential cycle significantly outperforms all others, with average stock market gains of 15.5% compared to 8.8% in the first year, 0.4% in the second, and 4.1% in the fourth year; his years begin at the end of September because data is quarterly and elections occur in November - the market performance in the third year of a presidential cycle is not statistically correlated to the market performance of the previous year; in other words, third years have tended to outperform other years regardless of whether the second year in the cycle experienced a boom or a bust - he also found that there is no significant correlation between stock valuations and market performances in the third year; “On average, third years perform just as well when price/earnings ratios are high as they do when those ratios are low” Marshall Nickles of Pepperdine University found similar results in his 2004 study. But why the third year?
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1740.0
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2011-07-20 00:00:00 UTC
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Rick Mills: Juniors Plan Today for Tomorrow's REE Demand
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AA
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https://www.nasdaq.com/articles/rick-mills-juniors-plan-today-tomorrows-ree-demand-2011-07-20
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nan
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Rick Mills: Juniors Plan Today for Tomorrow's REE Demand
Source: Sally Lowder of The Critical Metals Report (7/19/11)
http://www.theaureport.com/pub/na/10276
The West isn't ready for an avalanche of rare earth elements-yet. But when the time comes, the junior miners that have mastered the art of location, mineralogy and metallurgy will be there to fill the demand gap. In this exclusive interview with The Critical Metals Report,Ahead of the Herd Editor Rick Mills points to some promising players in the light and heavy rare earth space.
COMPANIES MENTIONED : CANADIAN INTERNATIONAL MINERALS - COMMERCE RESOURCES CORP. - HECLA MINING CO. - HUDSON RESOURCES INC. - LYNAS CORPORATION - MATAMEC EXPLORATIONS INC. - MOLYCORP MINERALS
The Critical Metals Report: When it comes to the rare earth elements ( REE ) space, people always seem to zero in on a supply gap. Is that really a problem?
Rick Mills: There is no shortage of rare earths in the West. I say that because 90% of the demand comes from Asia. Contrary to what a lot of people say, China never cut off deliveries to the West; it just raised prices to more accurately reflect the true worth of the product in the market. The West will face a supply gap when it actually has the technical knowledge and operational expertise to make the higher-value products that use these materials.
We can make concentrates out of light or heavy rare earth elements (LREEs and HREEs, respectively) from many deposits in Canada and the U.S., as well as Europe; but very few companies in the West can actually make a 98% pure oxide, let alone anything further up the value added chain. That processing capability is mostly in China. What happened was that China produced REEs so cheaply it basically kicked the rest of the world out of the sector. That left the West 20 years behind China in developing a rare earth industry.
The supply gap will emerge when we decide to build a rare earth industry in the West that truly goes from mine to magnet. Then we'll need product, and we'll have to get more end users and companies that make the metals, the powders and the alloys to come into the West to use their proprietary knowledge and start to put together an REE industry. Until then, we don't have a shortage because we can't do anything with the stuff we produce now except ship it overseas.
TCMR: But aren't companies now in a race to produce product in North America?
RM: Several companies in the West produce magnets and powders, but they get their product from China. Molycorp Minerals ( MCP ) produces a concentrate, which it turns into oxides. In the first quarter of 2011, Molycorp received an average of $38/kg. for its products, much of which goes to the catalyst cracking industry.
TCMR: Won't Molycorp also have a rare earth production facility in production in 2012 at Mountain Pass, California?
RM: The company says it is going to produce 10 different rare earth oxides (REOs) in late 2012; but when I talked to management, the team was still basically pouring footers for the plant. I'm not saying Molycorp can't get into production with Phase 1 of its Phoenix project next year; but even if it does, it won't have anywhere near enough production to fill what the West will need to replace Chinese supply.
TCMR: You've also expressed skepticism about the handling of thorium and other associated radioactive waste that will be byproducts of the Mountain Pass facility.
RM: Molycorp has all the necessary mining permits for handling radioactive waste, but that doesn't mean it won't face opposition from the extremely strong green movement in California.
TCMR: What about Lynas Corporation (ASX:LYC) ?
RM: I'm not sure that Lynas is going to be a producer in the time that people have predicted. Right now, it's producing a concentrate and it seems likely the company is mining with no revenue stream-the concentrate was to be sent to its plant in Malaysia, but its construction is on hold for at least a year due to environmental concerns. Malaysians are even protesting at the Lynas office in Australia.
TCMR: Let's assume that, at some point, the West will have its own rare earth production capability. Several companies have seen huge increases in share price, but that doesn't necessarily mean they'll ever be able to get into production. Which ones have the right mineralogy, easy metallurgy, location, management and financial ability to actually do something significant in the space?
RM: A lot of deposits were considered 20 years ago. The Japanese using Sumitomo scoured the earth looking at REE deposits. Others, including Hecla Mining Co. ( HL ), did the same. But the metallurgy didn't work then and still doesn't today. It wasn't a matter of price; it was simply too complicated, too time-consuming and way too expensive to remove the rare earths.
When you add that to a lack of infrastructure at many of these deposits, I just don't see how these companies are going to be competitive in the marketplace. I look for mineralogy, metallurgy and location, location, location. To compete, you need all three.
A lot of deposits will be culled as people realize how much work it will take for a junior to move forward and fill that coming supply gap.
TCMR: What are some of these deposits?
RM: We probably have more rare earth deposits in Canada, or controlled by Canadian-listed juniors, than anywhere in the world. But the one I want to cover first is Spectrum, a private company that controls the Wicheeda Lake claims north of Prince George, BC. This is a very attractive light rare earth deposit, as it has excellent mineralogy. Most of the rare earths are held in one specific ore, bastnäsite. There's very little monzonite and no high thorium levels, so no radioactivity problems with this one. The extraction will be very easy. Bench-scale tests have been done, and the company is looking at possibly up to 60% concentrate. That's really important.
TCMR: How so?
RM: High concentrate levels make it easier for a junior to get above a 98% REO. A 98% oxide might pull $38/kg., but a 98.9% or a 99% concentrate is worth $80-$100/kg. It is very difficult to make a 98% oxide out of a 40%-45% concentrate source and even more time consuming and costly to make a 98% oxide. The higher you start, the easier it is to finish higher than the normal 98% oxide.
TCMR: Spectrum could possibly make three oxides- neodymium, praseodymium and samarium oxides, a lanthanum and cerium oxide and a cerium oxide. Is that right?
RM: Yes. You have to work with what a deposit is giving you and what's easy to get out of it. Geological Consultant Tony Mariano did the metallurgy on this. It's very simple mineralogy and very easy extraction. This deposit is less than a two-hour drive down major roads from Prince George, BC, a major logistics center. Roads run right to the deposit. It has power, water and a rail yard. It also has access to workers who are experienced miners and others experienced in chemical handling, which is very important. Prince George has three pulp mills, an oil refinery and a Methanex Corporation (NASDAQ:MEOH; TSX:MX) plant.
A caustic soda train comes in once a week; Spectrum could use that for extraction. If it has to use hydrochloric acid, that's not a problem either. Local workers are used to handling it. This is pretty much a perfect deposit. It has exceptional mineralogy, easy metallurgy and location, location, location. It has all the infrastructure necessary for a very low capex (capital expenditure). The company can take the concentrate to Prince George, set up a processing center and make an oxide.
TCMR: But it's pretty much inaccessible to investors.
RM:Canadian International Minerals (TSX.V:CIN) is in a 75% joint venture (JV) with Commerce Resources Corp. (TSX.V:CCE; Fkft:D7H; OTCQX:CMRZF) , which owns 25% of the Carbo Project claims in the area. Those claims surround Spectrum's Wicheeda Lake claims. These companies drilled nine holes in the Carbo last year, highlights were 2 meters at just over 4% total REO, 37m of 1.43% total rare earth oxides (TREO) and 3% TREO over 3m in a northern part of a 5 km.-long carbonatite syenite
complex. The company has identified more targets and is going back in to drill this year.
TCMR: So, these deposits essentially have the same features you see with Spectrum Mining?
RM: We really hope so. There may also be some synergy with the two companies coming together.
TCMR: What else is there to the Commerce Resources story?
RM: If its Eldor Property in Northern Quebec had a road into it, I firmly believe that it would be the only deposit a person would need to consider. It must be on every investor's radar screen because of its size. The property is 17 km. east to west and 24 km. north to south.
TCMR: That's huge.
RM: It covers a whole carbonatite complex, which is host to a newly discovered zone, the Ashram Rare Earth Zone. The property also has tantalum, niobium and phosphate in other areas, as well, so it does have quite a mix.
TCMR: What's the Ashram?
RM: In my opinion, smaller is usually better in the rare earth space-but this is the exception to the rule. The Ashram really has me intrigued. This thing is a monster. It's in the center of the carbonatite complex, coincident with a magnetic low approximately 1x.8 km. Commerce Resources has an NI-43-101-compliant resource estimate of 117 million tons (Mt.) averaging 1.74% TREO. That's an inferred resource. The company has drill-tested it to 600m deep, and it's still open in all directions and has a fair mix of HREE.
TCMR: So, assuming the mineralogy looks right and the management looks right, what about that infrastructure issue? Do you see Quebec helping the company develop that?
RM: Absolutely. A road that heads up into Northern Quebec stops just short of the massive iron ore belt there and plans are to extend that road. This Eldor is so large that, in my opinion, it can support the Quebec government installing roads, power and rail to run further north. Water won't be a problem. Commerce Resources just needs to make a deal with one of the end users or maybe a refinery for this deposit. Somebody might buy it just to do that and Quebec could become the West's premier rare earth producer. It's that nice. This looks like an exceptional find by Commerce. There won't be a problem with the mineralogy. Judging from some preliminary tests, it looks good. We'll have more news later this year.
TCMR: What other companies would you like to talk about?
RM: Another one I really like is Matamec Explorations Inc. (TSX.V:MAT) , which is developing the Kipawa deposit on its Zeus property in Quebec. It's a eudialyte (HREE) deposit and the company has cracked it. There is also high-grade yttrium and zirconium, niobium and tantalum. What I like about this one is that the heavy rare earths average 36% of the total rare earth content, and it has a lot of dysprosium.
Matamec has an ongoing preliminary economic assessment (PEA). The U.S. recently issued its critical metals strategy, and four of the five most critical elements required in the next 15 years are heavies.
TCMR: And what are those five?
RM: Dysprosium, terbium, yttrium and europium are the heavies. The light rare earth is neodymium. Matamec's deposit seems to be enriched in these. When you look at dysprosium, Matamec has 2.3 million kg. (Mkg.) in the indicated resource category. It has 14.3 Mkg. indicated in yttrium, which is used for making phosphors that give the red color to TV screens and is also an important ingredient in energy-efficient, solid-state lighting. The deposit has 8.5 Mkg. indicated of neodymium.
TCMR: We haven't heard much about Matamec before.
RM: We're talking about companies that are under most people's radar screens. These deposits actually have a chance of filling the upcoming supply gap.
TCMR: Are they also compelling values for investors?
RM: This could be a good time to look at them. If you check the charts, I believe they've all been much higher. They're down and ready to start an uptrend when people come back to the market and realize a new crop of REE deposits are necessary.
TCMR: What are some of the other names you like?
RM:Hudson Resources Inc. (TSX.V:HUD) is one. It's working on its Sarfartoq REE project, an 11x9 km. carbonatite complex in Greenland with 10,000 meters of drilling planned for this year. This project is located within 20 km. of tidewater and is also 15 km. from a proposed hydroelectric plant site. Hudson just awarded its environmental impact and socioeconomic impact assessments to Environmental Resources Management (ERM). ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap.
TCMR: Greenland isn't your typical mining address.
RM: No, it isn't. But this deposit has been compared to China's Bayan Obo deposit; it's right next door to power and a 10-minute flight from the capital. This is very interesting, too, in that, right now Greenland has a moratorium on uranium exploration but Hudson won't have that problem. Its deposit has very low thorium.
This deposit's mix in the TREOs is also interesting. Rare earths are always found together, but in varying proportions. This one has 19% neodymium oxide, which is an important component in the high-powered magnets for small motors. It has an unbelievably rich neodymium content-40 Mkg. of neodymium oxide. Hudson's deposit has one of the industry's highest ratios of neodymium and praseodymium TREO at 25% average. So, this is a very exciting project. It's well run and has an NI-43-101-compliant resource of 14 Mt. using a cutoff of .8%.
TCMR: Any others companies to watch?
RM:Wealth Minerals Ltd. (TSX.V:WML; OTCQX: WMLLF) is exploring for rare earths at Rodeo de los Molles in Argentina. This deposit has a historical resource of 5.6 Mt. at 2.1% TREO based on 6,000m of drilling. This is another very attractive light rare earth deposit and is high in neodymium and praseodymium. It appears that those two account for about 24% of the total rare earth concentrate. This concentration of key materials is required in the magnet industry. So, if this company can produce an oxide, it's going to be a very saleable product.
And talk about a high-powered management team-Henk Van Alphen, Scott Heffernan, Paul Matysek, Maurice Strong-all names with impressive pedigrees. Those people aren't there for a $0.50 stock. They must have something that they think is very special. Plus, the top three rare earth people in the world today serve on Wealth Minerals' advisory board-Tony Mariano, Alastair Neill and Raul Lira.
TCMR: It'll also be interesting to see what happens with Wealth Minerals as the company moves forward because Argentina is another new rare earth address.
RM: It's quite a ways off people's radar screens.
TCMR: Any parting thoughts you'd like to leave with our readers?
RM: Yes. At the present time, North America desperately needs a rare earth industry; we absolutely have to have it. We cannot depend on just China for our supply. We're going to see upstream investments by end users, as well as the high-purity oxide refiners and makers of alloys, the powders, the metals and the magnets. It won't look like an investment into traditional mining companies; a lot will be based on security of supply and mining profits will not figure into the equation.
TCMR: Are you saying that the North American entities relying on these rare earths to produce their products will invest in these projects?
RM: I believe the few that exist will-and not only North American ones. No one wants to be held hostage to a Chinese supplier. They will buy the deposits outright, which is why I generally think that smaller is better in the REE space. These entities will look at a deposit that can produce the specific concentrates they need, find a company to mine the REEs and ship it to their own labs and processing plants.
TCMR: But in the meantime, investors have options in the space.
RM: Yes. Investors should look for simple mineralogy that makes for easy extraction and in-place infrastructure. They should also do their homework by reading people like Byron King , Jack Lifton and, of course, become a member of Ahead of the Herd .
TCMR: Thank you, Rick, for your time.
Richard (Rick) Millsis host ofwww.aheadoftheherd.comand invests in the junior resource sector. His articles have been published on more than 300 websites, including: The Wall Street Journal, SafeHaven, Market Oracle , USA Today, National Post, Stockhouse, Lewrockwell, Uranium Miner, Casey Research , 24hgold, Vancouver Sun, SilverBearCafe, Infomine , Huffington Post, Mineweb, 321gold, Kitco, Gold-Eagle , The Gold/Energy Reports, Calgary Herald, Resource Investor, Mining.com , Forbes, FNArena, UraniumSeek and Financial Sense.
Want to read more exclusive Critical Metals Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators and learn more about critical metals companies, visit our Critical Metals Report page.
DISCLOSURE:
1) Sally Lowder of The Critical Metals Report conducted this interview. She personally and/or her family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Critical Metals Report: Canadian International Minerals, Commerce Resources and Wealth Minerals.
3) Rick Mills: I personally and/or my family own shares of the following companies mentioned in this interview: None. The following companies mentioned in this interview are advertisers on aheadoftheherd.com: Canadian International Minerals.
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ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap. Rick Mills: Juniors Plan Today for Tomorrow's REE Demand Source: Sally Lowder of The Critical Metals Report (7/19/11) http://www.theaureport.com/pub/na/10276 The West isn't ready for an avalanche of rare earth elements-yet. In this exclusive interview with The Critical Metals Report,Ahead of the Herd Editor Rick Mills points to some promising players in the light and heavy rare earth space.
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ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap. Rick Mills: Juniors Plan Today for Tomorrow's REE Demand Source: Sally Lowder of The Critical Metals Report (7/19/11) http://www.theaureport.com/pub/na/10276 The West isn't ready for an avalanche of rare earth elements-yet. TCMR: Won't Molycorp also have a rare earth production facility in production in 2012 at Mountain Pass, California?
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ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap. We can make concentrates out of light or heavy rare earth elements (LREEs and HREEs, respectively) from many deposits in Canada and the U.S., as well as Europe; but very few companies in the West can actually make a 98% pure oxide, let alone anything further up the value added chain. TCMR: Won't Molycorp also have a rare earth production facility in production in 2012 at Mountain Pass, California?
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ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap. I'm not saying Molycorp can't get into production with Phase 1 of its Phoenix project next year; but even if it does, it won't have anywhere near enough production to fill what the West will need to replace Chinese supply. TCMR: What are some of these deposits?
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Rick Mills: Juniors Plan Today for Tomorrow's REE Demand
Source: Sally Lowder of The Critical Metals Report (7/19/11)
http://www.theaureport.com/pub/na/10276
The West isn't ready for an avalanche of rare earth elements-yet. But when the time comes, the junior miners that have mastered the art of location, mineralogy and metallurgy will be there to fill the demand gap. In this exclusive interview with The Critical Metals Report,Ahead of the Herd Editor Rick Mills points to some promising players in the light and heavy rare earth space.
COMPANIES MENTIONED : CANADIAN INTERNATIONAL MINERALS - COMMERCE RESOURCES CORP. - HECLA MINING CO. - HUDSON RESOURCES INC. - LYNAS CORPORATION - MATAMEC EXPLORATIONS INC. - MOLYCORP MINERALS
The Critical Metals Report: When it comes to the rare earth elements ( REE ) space, people always seem to zero in on a supply gap. Is that really a problem?
Rick Mills: There is no shortage of rare earths in the West. I say that because 90% of the demand comes from Asia. Contrary to what a lot of people say, China never cut off deliveries to the West; it just raised prices to more accurately reflect the true worth of the product in the market. The West will face a supply gap when it actually has the technical knowledge and operational expertise to make the higher-value products that use these materials.
We can make concentrates out of light or heavy rare earth elements (LREEs and HREEs, respectively) from many deposits in Canada and the U.S., as well as Europe; but very few companies in the West can actually make a 98% pure oxide, let alone anything further up the value added chain. That processing capability is mostly in China. What happened was that China produced REEs so cheaply it basically kicked the rest of the world out of the sector. That left the West 20 years behind China in developing a rare earth industry.
The supply gap will emerge when we decide to build a rare earth industry in the West that truly goes from mine to magnet. Then we'll need product, and we'll have to get more end users and companies that make the metals, the powders and the alloys to come into the West to use their proprietary knowledge and start to put together an REE industry. Until then, we don't have a shortage because we can't do anything with the stuff we produce now except ship it overseas.
TCMR: But aren't companies now in a race to produce product in North America?
RM: Several companies in the West produce magnets and powders, but they get their product from China. Molycorp Minerals ( MCP ) produces a concentrate, which it turns into oxides. In the first quarter of 2011, Molycorp received an average of $38/kg. for its products, much of which goes to the catalyst cracking industry.
TCMR: Won't Molycorp also have a rare earth production facility in production in 2012 at Mountain Pass, California?
RM: The company says it is going to produce 10 different rare earth oxides (REOs) in late 2012; but when I talked to management, the team was still basically pouring footers for the plant. I'm not saying Molycorp can't get into production with Phase 1 of its Phoenix project next year; but even if it does, it won't have anywhere near enough production to fill what the West will need to replace Chinese supply.
TCMR: You've also expressed skepticism about the handling of thorium and other associated radioactive waste that will be byproducts of the Mountain Pass facility.
RM: Molycorp has all the necessary mining permits for handling radioactive waste, but that doesn't mean it won't face opposition from the extremely strong green movement in California.
TCMR: What about Lynas Corporation (ASX:LYC) ?
RM: I'm not sure that Lynas is going to be a producer in the time that people have predicted. Right now, it's producing a concentrate and it seems likely the company is mining with no revenue stream-the concentrate was to be sent to its plant in Malaysia, but its construction is on hold for at least a year due to environmental concerns. Malaysians are even protesting at the Lynas office in Australia.
TCMR: Let's assume that, at some point, the West will have its own rare earth production capability. Several companies have seen huge increases in share price, but that doesn't necessarily mean they'll ever be able to get into production. Which ones have the right mineralogy, easy metallurgy, location, management and financial ability to actually do something significant in the space?
RM: A lot of deposits were considered 20 years ago. The Japanese using Sumitomo scoured the earth looking at REE deposits. Others, including Hecla Mining Co. ( HL ), did the same. But the metallurgy didn't work then and still doesn't today. It wasn't a matter of price; it was simply too complicated, too time-consuming and way too expensive to remove the rare earths.
When you add that to a lack of infrastructure at many of these deposits, I just don't see how these companies are going to be competitive in the marketplace. I look for mineralogy, metallurgy and location, location, location. To compete, you need all three.
A lot of deposits will be culled as people realize how much work it will take for a junior to move forward and fill that coming supply gap.
TCMR: What are some of these deposits?
RM: We probably have more rare earth deposits in Canada, or controlled by Canadian-listed juniors, than anywhere in the world. But the one I want to cover first is Spectrum, a private company that controls the Wicheeda Lake claims north of Prince George, BC. This is a very attractive light rare earth deposit, as it has excellent mineralogy. Most of the rare earths are held in one specific ore, bastnäsite. There's very little monzonite and no high thorium levels, so no radioactivity problems with this one. The extraction will be very easy. Bench-scale tests have been done, and the company is looking at possibly up to 60% concentrate. That's really important.
TCMR: How so?
RM: High concentrate levels make it easier for a junior to get above a 98% REO. A 98% oxide might pull $38/kg., but a 98.9% or a 99% concentrate is worth $80-$100/kg. It is very difficult to make a 98% oxide out of a 40%-45% concentrate source and even more time consuming and costly to make a 98% oxide. The higher you start, the easier it is to finish higher than the normal 98% oxide.
TCMR: Spectrum could possibly make three oxides- neodymium, praseodymium and samarium oxides, a lanthanum and cerium oxide and a cerium oxide. Is that right?
RM: Yes. You have to work with what a deposit is giving you and what's easy to get out of it. Geological Consultant Tony Mariano did the metallurgy on this. It's very simple mineralogy and very easy extraction. This deposit is less than a two-hour drive down major roads from Prince George, BC, a major logistics center. Roads run right to the deposit. It has power, water and a rail yard. It also has access to workers who are experienced miners and others experienced in chemical handling, which is very important. Prince George has three pulp mills, an oil refinery and a Methanex Corporation (NASDAQ:MEOH; TSX:MX) plant.
A caustic soda train comes in once a week; Spectrum could use that for extraction. If it has to use hydrochloric acid, that's not a problem either. Local workers are used to handling it. This is pretty much a perfect deposit. It has exceptional mineralogy, easy metallurgy and location, location, location. It has all the infrastructure necessary for a very low capex (capital expenditure). The company can take the concentrate to Prince George, set up a processing center and make an oxide.
TCMR: But it's pretty much inaccessible to investors.
RM: Canadian International Minerals (TSX.V:CIN) is in a 75% joint venture (JV) with Commerce Resources Corp. (TSX.V:CCE; Fkft:D7H; OTCQX:CMRZF) , which owns 25% of the Carbo Project claims in the area. Those claims surround Spectrum's Wicheeda Lake claims. These companies drilled nine holes in the Carbo last year, highlights were 2 meters at just over 4% total REO, 37m of 1.43% total rare earth oxides (TREO) and 3% TREO over 3m in a northern part of a 5 km.-long carbonatite syenite
complex. The company has identified more targets and is going back in to drill this year.
TCMR: So, these deposits essentially have the same features you see with Spectrum Mining?
RM: We really hope so. There may also be some synergy with the two companies coming together.
TCMR: What else is there to the Commerce Resources story?
RM: If its Eldor Property in Northern Quebec had a road into it, I firmly believe that it would be the only deposit a person would need to consider. It must be on every investor's radar screen because of its size. The property is 17 km. east to west and 24 km. north to south.
TCMR: That's huge.
RM: It covers a whole carbonatite complex, which is host to a newly discovered zone, the Ashram Rare Earth Zone. The property also has tantalum, niobium and phosphate in other areas, as well, so it does have quite a mix.
TCMR: What's the Ashram?
RM: In my opinion, smaller is usually better in the rare earth space-but this is the exception to the rule. The Ashram really has me intrigued. This thing is a monster. It's in the center of the carbonatite complex, coincident with a magnetic low approximately 1x.8 km. Commerce Resources has an NI-43-101-compliant resource estimate of 117 million tons (Mt.) averaging 1.74% TREO. That's an inferred resource. The company has drill-tested it to 600m deep, and it's still open in all directions and has a fair mix of HREE.
TCMR: So, assuming the mineralogy looks right and the management looks right, what about that infrastructure issue? Do you see Quebec helping the company develop that?
RM: Absolutely. A road that heads up into Northern Quebec stops just short of the massive iron ore belt there and plans are to extend that road. This Eldor is so large that, in my opinion, it can support the Quebec government installing roads, power and rail to run further north. Water won't be a problem. Commerce Resources just needs to make a deal with one of the end users or maybe a refinery for this deposit. Somebody might buy it just to do that and Quebec could become the West's premier rare earth producer. It's that nice. This looks like an exceptional find by Commerce. There won't be a problem with the mineralogy. Judging from some preliminary tests, it looks good. We'll have more news later this year.
TCMR: What other companies would you like to talk about?
RM: Another one I really like is Matamec Explorations Inc. (TSX.V:MAT) , which is developing the Kipawa deposit on its Zeus property in Quebec. It's a eudialyte (HREE) deposit and the company has cracked it. There is also high-grade yttrium and zirconium, niobium and tantalum. What I like about this one is that the heavy rare earths average 36% of the total rare earth content, and it has a lot of dysprosium.
Matamec has an ongoing preliminary economic assessment (PEA). The U.S. recently issued its critical metals strategy, and four of the five most critical elements required in the next 15 years are heavies.
TCMR: And what are those five?
RM: Dysprosium, terbium, yttrium and europium are the heavies. The light rare earth is neodymium. Matamec's deposit seems to be enriched in these. When you look at dysprosium, Matamec has 2.3 million kg. (Mkg.) in the indicated resource category. It has 14.3 Mkg. indicated in yttrium, which is used for making phosphors that give the red color to TV screens and is also an important ingredient in energy-efficient, solid-state lighting. The deposit has 8.5 Mkg. indicated of neodymium.
TCMR: We haven't heard much about Matamec before.
RM: We're talking about companies that are under most people's radar screens. These deposits actually have a chance of filling the upcoming supply gap.
TCMR: Are they also compelling values for investors?
RM: This could be a good time to look at them. If you check the charts, I believe they've all been much higher. They're down and ready to start an uptrend when people come back to the market and realize a new crop of REE deposits are necessary.
TCMR: What are some of the other names you like?
RM: Hudson Resources Inc. (TSX.V:HUD) is one. It's working on its Sarfartoq REE project, an 11x9 km. carbonatite complex in Greenland with 10,000 meters of drilling planned for this year. This project is located within 20 km. of tidewater and is also 15 km. from a proposed hydroelectric plant site. Hudson just awarded its environmental impact and socioeconomic impact assessments to Environmental Resources Management (ERM). ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap.
TCMR: Greenland isn't your typical mining address.
RM: No, it isn't. But this deposit has been compared to China's Bayan Obo deposit; it's right next door to power and a 10-minute flight from the capital. This is very interesting, too, in that, right now Greenland has a moratorium on uranium exploration but Hudson won't have that problem. Its deposit has very low thorium.
This deposit's mix in the TREOs is also interesting. Rare earths are always found together, but in varying proportions. This one has 19% neodymium oxide, which is an important component in the high-powered magnets for small motors. It has an unbelievably rich neodymium content-40 Mkg. of neodymium oxide. Hudson's deposit has one of the industry's highest ratios of neodymium and praseodymium TREO at 25% average. So, this is a very exciting project. It's well run and has an NI-43-101-compliant resource of 14 Mt. using a cutoff of .8%.
TCMR: Any others companies to watch?
RM: Wealth Minerals Ltd. (TSX.V:WML; OTCQX: WMLLF) is exploring for rare earths at Rodeo de los Molles in Argentina. This deposit has a historical resource of 5.6 Mt. at 2.1% TREO based on 6,000m of drilling. This is another very attractive light rare earth deposit and is high in neodymium and praseodymium. It appears that those two account for about 24% of the total rare earth concentrate. This concentration of key materials is required in the magnet industry. So, if this company can produce an oxide, it's going to be a very saleable product.
And talk about a high-powered management team-Henk Van Alphen, Scott Heffernan, Paul Matysek, Maurice Strong-all names with impressive pedigrees. Those people aren't there for a $0.50 stock. They must have something that they think is very special. Plus, the top three rare earth people in the world today serve on Wealth Minerals' advisory board-Tony Mariano, Alastair Neill and Raul Lira.
TCMR: It'll also be interesting to see what happens with Wealth Minerals as the company moves forward because Argentina is another new rare earth address.
RM: It's quite a ways off people's radar screens.
TCMR: Any parting thoughts you'd like to leave with our readers?
RM: Yes. At the present time, North America desperately needs a rare earth industry; we absolutely have to have it. We cannot depend on just China for our supply. We're going to see upstream investments by end users, as well as the high-purity oxide refiners and makers of alloys, the powders, the metals and the magnets. It won't look like an investment into traditional mining companies; a lot will be based on security of supply and mining profits will not figure into the equation.
TCMR: Are you saying that the North American entities relying on these rare earths to produce their products will invest in these projects?
RM: I believe the few that exist will-and not only North American ones. No one wants to be held hostage to a Chinese supplier. They will buy the deposits outright, which is why I generally think that smaller is better in the REE space. These entities will look at a deposit that can produce the specific concentrates they need, find a company to mine the REEs and ship it to their own labs and processing plants.
TCMR: But in the meantime, investors have options in the space.
RM: Yes. Investors should look for simple mineralogy that makes for easy extraction and in-place infrastructure. They should also do their homework by reading people like Byron King , Jack Lifton and, of course, become a member of Ahead of the Herd .
TCMR: Thank you, Rick, for your time.
Richard (Rick) Millsis host ofwww.aheadoftheherd.comand invests in the junior resource sector. His articles have been published on more than 300 websites, including: The Wall Street Journal, SafeHaven, Market Oracle , USA Today, National Post, Stockhouse, Lewrockwell, Uranium Miner, Casey Research , 24hgold, Vancouver Sun, SilverBearCafe, Infomine , Huffington Post, Mineweb, 321gold, Kitco, Gold-Eagle , The Gold/Energy Reports, Calgary Herald, Resource Investor, Mining.com , Forbes, FNArena, UraniumSeek and Financial Sense.
Want to read more exclusive Critical Metals Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators and learn more about critical metals companies, visit our Critical Metals Report page.
DISCLOSURE:
1) Sally Lowder of The Critical Metals Report conducted this interview. She personally and/or her family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Critical Metals Report: Canadian International Minerals, Commerce Resources and Wealth Minerals.
3) Rick Mills: I personally and/or my family own shares of the following companies mentioned in this interview: None. The following companies mentioned in this interview are advertisers on aheadoftheherd.com: Canadian International Minerals.
Streetwise - The Gold Report is Copyright © 2011 by Streetwise Reports LLC. All rights are reserved. Streetwise Reports LLC hereby grants an unrestricted license to use or disseminate this copyrighted material (i) only in whole (and always including this disclaimer), but (ii) never in part.
The Gold Report does not render general or specificinvestment adviceand does not endorse or recommend the business, products, services or securities of any industry or company mentioned in this report.
From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles on the site, may have a long or short position in securities mentioned and may make purchases and/or sales of those securities in the open market or otherwise.
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Tel.: (707) 282-5593
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Email: jmallin@streetwisereports.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap. Rick Mills: Juniors Plan Today for Tomorrow's REE Demand Source: Sally Lowder of The Critical Metals Report (7/19/11) http://www.theaureport.com/pub/na/10276 The West isn't ready for an avalanche of rare earth elements-yet. In this exclusive interview with The Critical Metals Report,Ahead of the Herd Editor Rick Mills points to some promising players in the light and heavy rare earth space.
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ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap. Rick Mills: Juniors Plan Today for Tomorrow's REE Demand Source: Sally Lowder of The Critical Metals Report (7/19/11) http://www.theaureport.com/pub/na/10276 The West isn't ready for an avalanche of rare earth elements-yet. TCMR: Won't Molycorp also have a rare earth production facility in production in 2012 at Mountain Pass, California?
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ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap. We can make concentrates out of light or heavy rare earth elements (LREEs and HREEs, respectively) from many deposits in Canada and the U.S., as well as Europe; but very few companies in the West can actually make a 98% pure oxide, let alone anything further up the value added chain. TCMR: Won't Molycorp also have a rare earth production facility in production in 2012 at Mountain Pass, California?
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ERM did the same studies for Alcoa Inc. ( AA ) to build a hydroelectric project and aluminum smelter-and these two project areas actually overlap. I'm not saying Molycorp can't get into production with Phase 1 of its Phoenix project next year; but even if it does, it won't have anywhere near enough production to fill what the West will need to replace Chinese supply. TCMR: What are some of these deposits?
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1742.0
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2011-07-18 00:00:00 UTC
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Aluminum Demand, New Products Lift Alcoa's Earnings as Stock Eyes $19.50
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AA
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https://www.nasdaq.com/articles/aluminum-demand-new-products-lift-alcoas-earnings-stock-eyes-1950-2011-07-18
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nan
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nan
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Alcoa ( AA ) recently announced its performance for the second quarter of 2011. While the company grew its top-line by more than 11% over the figure in Q1 2011 to reach $6.6 billion, the net income also grew over the period by about 6% to settle at $326 million. Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina, and its competitors include Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ).
We maintain a $19.50 price estimate for Alcoa , roughly 20% above the stock's market price.
Mid-stream and down-stream demand
Alcoa's focus on pushing its light, yet strong aluminum products as the natural substitute for heavier metals across industries from construction to automobiles and aerospace has substantially helped the company as the flat-rolled products division and the engineered products division reporting record income numbers over this quarter.
The engineered products & solutions division reported $1.37 billion in revenues, EBITDA margins of 19% in the quarter and after tax operating income (ATOI) of $149 million (15% growth sequentially.)
The flat-rolled products division, which produces and sells aluminum plates, sheets and foils, reported revenues of $2.1 billion in the quarter and an ATOI of just under $100 million for the quarter. The division's strong growth has been supported by increased demand from Russia and China.
… and there is more in store for the year
Quite recently, Alcoa captured the attention of major airline manufacturers with the announcement of its next generation aluminium alloy. This alloy would significantly improve aircraft efficiency by reducing weight without compromising on the strength and without the need for added investment in upgrades to existing manufacturing lines.
The company signed a long-term deal with Airbus almost immediately after the announcement. We believe that there are more such deals on the way for Alcoa. This combined with the company's estimate of a 12% growth in the global demand for aluminium in 2011 over 2010 figures leads us to believe that things are only going to get better for Alcoa over the rest of 2011.
See our full analysis for Alcoa's stock here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) recently announced its performance for the second quarter of 2011. The engineered products & solutions division reported $1.37 billion in revenues, EBITDA margins of 19% in the quarter and after tax operating income (ATOI) of $149 million (15% growth sequentially.) … and there is more in store for the year Quite recently, Alcoa captured the attention of major airline manufacturers with the announcement of its next generation aluminium alloy.
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Alcoa ( AA ) recently announced its performance for the second quarter of 2011. Mid-stream and down-stream demand Alcoa's focus on pushing its light, yet strong aluminum products as the natural substitute for heavier metals across industries from construction to automobiles and aerospace has substantially helped the company as the flat-rolled products division and the engineered products division reporting record income numbers over this quarter. The engineered products & solutions division reported $1.37 billion in revenues, EBITDA margins of 19% in the quarter and after tax operating income (ATOI) of $149 million (15% growth sequentially.)
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Alcoa ( AA ) recently announced its performance for the second quarter of 2011. Mid-stream and down-stream demand Alcoa's focus on pushing its light, yet strong aluminum products as the natural substitute for heavier metals across industries from construction to automobiles and aerospace has substantially helped the company as the flat-rolled products division and the engineered products division reporting record income numbers over this quarter. The flat-rolled products division, which produces and sells aluminum plates, sheets and foils, reported revenues of $2.1 billion in the quarter and an ATOI of just under $100 million for the quarter.
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Alcoa ( AA ) recently announced its performance for the second quarter of 2011. Mid-stream and down-stream demand Alcoa's focus on pushing its light, yet strong aluminum products as the natural substitute for heavier metals across industries from construction to automobiles and aerospace has substantially helped the company as the flat-rolled products division and the engineered products division reporting record income numbers over this quarter. The engineered products & solutions division reported $1.37 billion in revenues, EBITDA margins of 19% in the quarter and after tax operating income (ATOI) of $149 million (15% growth sequentially.)
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1743.0
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2011-07-15 00:00:00 UTC
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Alcoa Aims for $19.75 as JV in Saudi Arabia Gets Funding
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AA
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https://www.nasdaq.com/articles/alcoa-aims-1975-jv-saudi-arabia-gets-funding-2011-07-15
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nan
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nan
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Alcoa's ( AA ) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma'aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. Alcoa owns a 25% stake in the JV named Ma'aden Bauxite and Alumina Company which is expected to commence operations in 2013-2014. Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina. Its competitors include Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ).
We have a $19.75 price estimate for Alcoa , roughly 10% above the stock's market price.
The Ma'aden-Alcoa super-project in detail
Ma'aden and Alcoa agreed to work together on the $10.8 billion super project in December 2009. The project is slated for completion in 2 phases. Phase 1 will involve the construction of a 740,000 tonne-per-year smelter and a 460,000 tonne-per-year rolling mill and will start operations in early 2013. A bauxite mine with an annual capacity of 4 million tonnes and a refinery to process 1.8 million tonnes of alumina every year are a part of Phase 2 and will be operational in early 2014.
What this means for Alcoa
The loan approval represents yet another significant step for Alcoa towards the completion of the ambitious project. This loan is towards Phase 2 of the project, which is expected to cost about $3.6 billion to construct. Around 60% of this amount is expected to be financed through the Public Investment Fund, Saudi Industrial Development Fund, and other financial institutions and commercial banks - with the remaining amount shared by Ma'aden and Alcoa on a pro-rata basis. This represents a capital expenditure of about $360 million for Alcoa over the next 2-3 years.
Once the project is completed, Alcoa will see a marked increase in its aluminium production capacity. We capture the company's aluminium sales under our primary metals division.
With the project being a vertically-integrated complex, Alcoa will also see an increase in its alumina and flat-rolled products sales - represented by its 25.1% stake in the JV.
See our full analysis for Alcoa
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa's ( AA ) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma'aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. Alcoa owns a 25% stake in the JV named Ma'aden Bauxite and Alumina Company which is expected to commence operations in 2013-2014. With the project being a vertically-integrated complex, Alcoa will also see an increase in its alumina and flat-rolled products sales - represented by its 25.1% stake in the JV.
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Alcoa's ( AA ) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma'aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. Alcoa owns a 25% stake in the JV named Ma'aden Bauxite and Alumina Company which is expected to commence operations in 2013-2014. See our full analysis for Alcoa The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa's ( AA ) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma'aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. What this means for Alcoa The loan approval represents yet another significant step for Alcoa towards the completion of the ambitious project. With the project being a vertically-integrated complex, Alcoa will also see an increase in its alumina and flat-rolled products sales - represented by its 25.1% stake in the JV.
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Alcoa's ( AA ) efforts to diversify geographically received a significant boost late last month when its joint venture with the Saudi Arabian Mining Company (Ma'aden) secured a $1 billion loan for the aluminum smelter and rolling mill at Ras Az Zawr. What this means for Alcoa The loan approval represents yet another significant step for Alcoa towards the completion of the ambitious project. This loan is towards Phase 2 of the project, which is expected to cost about $3.6 billion to construct.
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1744.0
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2011-07-12 00:00:00 UTC
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Alcoa’s Q2 Profit More than Doubles, Narrowly Missing View (AA)
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AA
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https://www.nasdaq.com/articles/alcoas-q2-profit-more-doubles-narrowly-missing-view-aa-2011-07-12
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nan
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Aluminum producer Alcoa Inc. ( AA ) late Monday said its second quarter profit more than doubled from last year, although adjusted results still fell just shy of analyst expectations.
The Pittsburgh-based company reported second quarter net income of $322 million, or 28 cents per share, compared with $136 million, or 13 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 32 cents per share.
Revenue rose 27% from last year to $6.59 billion.
On average, Wall Street analysts expected a slightly higher profit of 33 cents per share, albeit on lower revenue of $6.28 billion.
Looking ahead, the company reaffirmed its prior forecast for 12% growth in global aluminum demand for 2011.
Alcoa shares fell 11 cents, or -0.7%, in premarket trading Tuesday.
The Bottom Line
Shares of Alcoa ( AA ) have a .75% dividend yield, based on last night's closing stock price of $15.91. The stock has technical support in the $13-$14 price area. If the shares can firm up, we see overhead resistance around the $17-$18 price levels.
Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aluminum producer Alcoa Inc. ( AA ) late Monday said its second quarter profit more than doubled from last year, although adjusted results still fell just shy of analyst expectations. The Bottom Line Shares of Alcoa ( AA ) have a .75% dividend yield, based on last night's closing stock price of $15.91. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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Aluminum producer Alcoa Inc. ( AA ) late Monday said its second quarter profit more than doubled from last year, although adjusted results still fell just shy of analyst expectations. The Bottom Line Shares of Alcoa ( AA ) have a .75% dividend yield, based on last night's closing stock price of $15.91. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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The Bottom Line Shares of Alcoa ( AA ) have a .75% dividend yield, based on last night's closing stock price of $15.91. Aluminum producer Alcoa Inc. ( AA ) late Monday said its second quarter profit more than doubled from last year, although adjusted results still fell just shy of analyst expectations. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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Aluminum producer Alcoa Inc. ( AA ) late Monday said its second quarter profit more than doubled from last year, although adjusted results still fell just shy of analyst expectations. The Bottom Line Shares of Alcoa ( AA ) have a .75% dividend yield, based on last night's closing stock price of $15.91. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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1745.0
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2011-07-12 00:00:00 UTC
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Market Wrap-Up for July 12 (AA, MCHP, TXN, QCOM, GG, more)
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AA
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https://www.nasdaq.com/articles/market-wrap-july-12-aa-mchp-txn-qcom-gg-more-2011-07-12
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The market could not pony up enough buying today as earnings season got under way and talk of potential further easing from the Federal Reserve pushed investors back to the sidelines.
Alcoa ( AA ), usually the first company in the Dow to report, kicked off earnings season with mixed results. The stock is basically unchanged at the moment. The tech sector was a dark cloud throughout the session as earnings warnings from Microchip Technology ( MCHP ) and Novellus Systems ( NVLS ) dragged shares lower. The selling spread to other well-known tech plays in the semiconductor/wireless space, including Texas Instruments ( TXN ), Analog Devices ( ADI ), and Qualcomm ( QCOM ). There were some buyers putting some money to work in the gold mining space as gold prices rallied on further talk of quantitative easing. Goldcorp ( GG ) and Agnico-Eagle Mines ( AEM ) led the way higher.
As the government tries to avoid an unlikely debt default by month's end, there are several proposals on the table that could put another dent in people's retirement outlook, especially when it comes to Social Security benefits. The latest target is the current measure used to determine consumer price changes for current benefit calculations. I have always been skeptical of how the traditional CPI (Consumer Price Index) is calculated. For years it has appeared to fall heavily in favor of the government, which currently claims that the true cost of living expense increases are negligible. We all know that is a bunch of hogwash. The latest ploy to combat inflation claims is being called the "Chained" Consumer Price Index.
What does this made-up statistic mean exactly? The easiest way to explain it is to relate the metric to the price of red meat. Traditionally, CPI was calculated by taking the average cost of red meat one year and measuring it against the cost one year later. Simple, right? Effective? Absolutely. Now let's look at the new method. The "Chained" CPI assumes that when the price of red meat goes up, people will simply buy lower-quality cuts of meat (which are, of course, lower-priced). Thus, consumers aren't suffering any ill effects of higher prices at all!
Anyone with half a brain can clearly see these new cost measurement metrics are pure nonsense. The government wants us to believe that when the cost of necessities go up, people's costs don't actually go up?
We all know the struggles regarding Medicare & Social Security in their present forms. There are still too many individuals who are ill-prepared for the later years. It gets even worse when you hear recent survey results that say three out of four people will file to claim Social Security benefits as soon as they're eligible at age 62. Taking benefits as soon as possible at age 62 locks in payments that are only 75 percent of what they would be at age 66, which is defined as the full retirement age for the current wave of retirees. Delaying benefits at age 66 will raise them by 8 percent a year until age 70, after which benefits do not increase with age. The solution isn't to worry yourself sick about it, but instead start to take action. Start cutting your debt immediately, especially high interest debt (credit cards, etc.). Keep your living expenses in line so you can free up money every month that can be invested into assets that produce income. You need to get the power of compound interest in place to begin generating long-term wealth.
Dividend investing allows an investor the opportunity to put compound interest to work for them and it's never too early or too late to become a dividend investor. The key is once you start, you need to stay consistent and make money available to go to work for you. That's it. Don't count on the government or your employer to set you up for a remarkable retirement. Take control and do your own research and create one for yourself. It's great to hear from subscribers that have said they are seeing superb results, and for the first time feel like they have an actual game plan for building and maintaining their wealth. The best thing we can do as individual investors is look for opportunities where we receive great income (dividends) from the companies who can best weather the economic storms ahead. You can count on Dividend.com to be your guide in that arena. As always, you can find all of our current recommendations on our industry-leading Best Dividend Stocks List .
Our main focus is on quality dividend names with attractive yields, and this should be the focus for all those that are hoping to build income for the long-term. We will continue to parse through our data to make sure only the names we like best remain on our recommended list. Remember, if we downgrade stocks from the list, it is not a sell call! Only in very rare instances will we advocate liquidating positions in a formerly recommended name. We just want to have the best names from a risk/reward standpoint on our recommended list for new money at all times. Investors should, however, utilize their own sell strategy in the event a company you own drops 25% from its 52-week high and there are company-specific problems that could cause additional significant underperformance for that particular stock.
Thanks for reading, and I'll see you tomorrow! P.S. Please pass this e-mail on to someone you think can use some financial motivation as well as being kept in thefinancial newsloop that could affect them.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ), usually the first company in the Dow to report, kicked off earnings season with mixed results. The market could not pony up enough buying today as earnings season got under way and talk of potential further easing from the Federal Reserve pushed investors back to the sidelines. The tech sector was a dark cloud throughout the session as earnings warnings from Microchip Technology ( MCHP ) and Novellus Systems ( NVLS ) dragged shares lower.
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Alcoa ( AA ), usually the first company in the Dow to report, kicked off earnings season with mixed results. There were some buyers putting some money to work in the gold mining space as gold prices rallied on further talk of quantitative easing. I have always been skeptical of how the traditional CPI (Consumer Price Index) is calculated.
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Alcoa ( AA ), usually the first company in the Dow to report, kicked off earnings season with mixed results. Traditionally, CPI was calculated by taking the average cost of red meat one year and measuring it against the cost one year later. Delaying benefits at age 66 will raise them by 8 percent a year until age 70, after which benefits do not increase with age.
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Alcoa ( AA ), usually the first company in the Dow to report, kicked off earnings season with mixed results. As the government tries to avoid an unlikely debt default by month's end, there are several proposals on the table that could put another dent in people's retirement outlook, especially when it comes to Social Security benefits. Traditionally, CPI was calculated by taking the average cost of red meat one year and measuring it against the cost one year later.
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1746.0
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2011-07-12 00:00:00 UTC
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Mid-Day Update: Equities Mixed While Commodities Sit Higher; Investors Focus on Fed
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AA
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https://www.nasdaq.com/articles/mid-day-update-equities-mixed-while-commodities-sit-higher-investors-focus-fed-2011-07-12
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nan
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nan
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Here's where markets stand at mid-day:
-NYSE up 10.16 (+0.12%) to 8,238.89
-DJIA up 25.05 (+0.2%) to 12,530.81
-S&P 500 up 2.51 (+0.19%) to 1,322.00
-Nasdaq down 5.94 (-0.22%) to 2,796.55
GLOBAL SENTIMENT
Nikkei down 1.4%.
Hang Seng down 3%.
Shanghai Composite down 1.7%.
FTSE-100 down 1.7%.
MID-DAY NYSE INDEX WATCH
NYSE Energy down 7.03% at 13,384.43
NYSE Financial up 0.34% at 4,820.74
NYSE Health Care up 6.84% at 7,290.98
NYSE Arca Tech 100 down 0.93% at 1,162.34
UPSIDE MOVERS
(+) ISR (+17.4%) reports first implant of Cesium-131 mesh brachytherapy in early stage lung cancer.
(+) CLNE (+15.5%) continues evening gain that followed Chesapeake Energy investment, upgraded this morning.
(+) NWS (+1.3%) sets $5 bln buyback.
(+) CVX (+0.2%) choppy after saying late Monday higher Q2 earnings expected on oil prices.
(+) CMI (+1.2%) hikes dividend.
(+) AA (+0.2%) largely meets with results issued late Monday.
(+) CPB (+2.5%) falls after guidance update.
DOWNSIDE MOVERS
(-) FAST (-3.0) beats with earnings.
(-) ADBE (-1.3%) initiated with sell rating at Goldman.
(-) MCHP (-14.2%) continues drop after post-bell guidance downgrade.
(-) INFY (-4.4%) misses forecasts.
(-) TREX (-14.4%) warns for sales miss.
(-) SOL (-4.7%) cuts outlook.
(-) ASYS (-6.6%) down despite revenue view above Street.
(-) ALU (-3.1%) downgraded.
(-) NVLS (-10.7%) continues evening drop that followed sales miss, earnings beat.
MARKET DIRECTION
Stocks are mixed in mid-day trading while investors eye the release of minutes from the last meeting of the Federal Open Market Committee, due at 2 pm. EST. Also, a new report showed the US trade deficit is bigger than analysts had expected.
Before the market open, a report showed the U.S. trade deficit widened more than expected, to $50.2 billion in May. It's the widest gap since Fall 2008. The June quarter earnings season got underway with results from materials staple Alcoa ( AA ), which met the Street's Q2 earnings estimates and beat on revenue.
Overseas, euro-zone finance ministers said late Monday they were prepared to adopt further measures "that will improve the euro area's systemic capacity to resist contagion risk," according to news reports. But officials stopped short of announcing any specific measures. Italy successfully sold 6.75 billion euros ($9.4 billion) of 12-month bills. Concern that Italy's chance of default is rising with expensive bond yields knocked back global stocks to start the week.
In company news:
Shares of Cisco Systems ( CSCO ) are higher after Bloomberg, citing two people familiar with the situation, reported the company could cut as many as 10,000 jobs, or about 14% of its workforce. About 7,000 jobs will be cut by the end of August. Another 3,000 people will take early retirement buyouts, the report said.
Seattle Genetics ( SGEN ) is down after federal regulators said its drug brentuximab for Hodgkin's lymphoma and a less common type of the disease may require more data on benefits, according to Bloomberg.
Shares of Deutsche Bank ( DB ) are down after Bloomberg reported that the German Bank and its MortgageIT unit are seeking dismissal of a $1 billion lawsuit by the U.S. government. The suit claims Deutsche Bank lied to qualify thousands of high-risk mortgages for the insurance by the Housing and Urban Development Department's Federal Housing Administration.
Boston Scientific ( BSX ) is up just over 1% in mid-morning trading after announcing today that it has completed patient enrollment in the ASTI post-market clinical follow-up study. The trial is designed to evaluate its Adapt Monorail Carotid Stent System in combination with its FilterWire EZ Embolic Protection System for treatment of carotid artery disease in patients at high risk for carotid surgery.
Netflix (NFLX) is up slightly, at $291.60 after the company unveiled a new DVD-only subscription plan for $7.99 per month, targeted at customers who don't have access to broadband service. Previously, Netflix subscribers had to pay $9.99 for unlimited DVD rentals and subscription access, or $4.99 for just two DVDs per month. Analysts believe that focusing on its DVD business hedges the company's potential loss of streaming content, according to a report by Zack's.
In other earnings news:
--Novellus (NVLS) is down sharply after the company reported Q2 sales of $350.2 million, just below the analyst consensus of $352 million on Thomson Reuters. EPS was $0.79, vs. expectations of $0.76 per share.
--Fastenal (FAST) says Q2 sales were $701.730 million and EPS were $0.32. The Thomson Reuters mean was for $$688.58 million and $0.30 per share.
Commodities are higher as August gold contracts are up 0.16% to $1,552 an ounce while August crude oil contacts are up 0.91% to $95.80 a barrel.
In energy ETFs, the United States Oil Fund (USO) is up 0.99% to $37.67 and the United States Natural Gas fund (UNG) is up 0.56%, to $10.84.
In precious metal ETFs, the SPDR Gold Trust (GLD) is down 0.2% at $151.30. Market Vectors Gold Miners (GDX) is up 1.26% to $56.32. iShares Silver Trust (SLV) is down 1.17% to $34.49.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(+) AA (+0.2%) largely meets with results issued late Monday. The June quarter earnings season got underway with results from materials staple Alcoa ( AA ), which met the Street's Q2 earnings estimates and beat on revenue. Stocks are mixed in mid-day trading while investors eye the release of minutes from the last meeting of the Federal Open Market Committee, due at 2 pm.
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(+) AA (+0.2%) largely meets with results issued late Monday. The June quarter earnings season got underway with results from materials staple Alcoa ( AA ), which met the Street's Q2 earnings estimates and beat on revenue. (+) CVX (+0.2%) choppy after saying late Monday higher Q2 earnings expected on oil prices.
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(+) AA (+0.2%) largely meets with results issued late Monday. The June quarter earnings season got underway with results from materials staple Alcoa ( AA ), which met the Street's Q2 earnings estimates and beat on revenue. Before the market open, a report showed the U.S. trade deficit widened more than expected, to $50.2 billion in May.
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(+) AA (+0.2%) largely meets with results issued late Monday. The June quarter earnings season got underway with results from materials staple Alcoa ( AA ), which met the Street's Q2 earnings estimates and beat on revenue. (-) NVLS (-10.7%) continues evening drop that followed sales miss, earnings beat.
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1747.0
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2011-07-11 00:00:00 UTC
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Opening View: Dow Dragged Down by Same Old Problems
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AA
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https://www.nasdaq.com/articles/opening-view-dow-dragged-down-same-old-problems-2011-07-11
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nan
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nan
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It's the start of a new week -- but it seems that the Street is being haunted by the same old problems. Today's emergency meeting by euro-zone officials has investors worried about the state of the global economy -- but anxieties about the U.S. economy remain high. The major market indexes ended last week with a thud, as a bleak report from the Labor Department took the wind out of the bulls' sails. While most economists had predicted a six-digit rise in jobs, the U.S. economy added just 18,000 jobs in June. Meanwhile, it's the start of another earnings season, with Dow bigwig Alcoa Inc. ( AA ) kicking things off after the close. Ahead of the open, futures on the Dow Jones Industrial Average (DJIA ) are trading over 109 points lower, while the S&P 500 Index (SPX ) is hovering 15 points below fair value.
Hertz Global Holdings, Inc. (HTZ - 16.27) has extended the deadline on its offer for Dollar Thrifty Automotive Group, Inc. ( DTG ), the car rental firm said this morning. HTZ's offer, which originally expired at midnight on July 8, will now run until midnight on August 5. The terms of the deal -- HTZ is offering $57.60 in cash and 0.8546 share for each DTG share -- remain the same.
Sirius XM Radio Inc. (SIRI - 2.22) will be joining the ranks of the Nasdaq-100 Index on Friday, July 15, the satellite radio firm announced. "We are pleased to be included in the NASDAQ-100 Index," boasted SIRI's CEO Mel Karmazin. "Inclusion in the index highlights the growth of our business and the substantial improvements in revenue, cash flow, and market value we have seen over the past two and a half years," the executive added. Shares of SIRI were up 3.1% ahead of the open.
Dunkin' Brands Group Inc., the mastermind behind Dunkin' Donuts and Baskin Robbins ice cream, has divulged the details behind its impending IPO. The company, which will trade on the NASDAQ under the symbol DNKN, expects to offer 22.25 million common shares at $16 to $18 each. At most, the IPO is valued at $400 million.
Earnings Preview
Today's earnings docket will feature reports from Alcoa ( AA ), Novellus Systems ( NVLS ), Joe's Jeans ( JOEZ ), and Material Sciences Corp. ( MASC ). Keep your browser at SchaeffersResearch.com for more news as it breaks.
Economic Calendar
There are no major economic reports on the calendar today, so the week's onslaught of data begins when the May trade balance hits the Street on Tuesday. On Wednesday, we'll hear reports on import/export prices for June, the Treasury budget, and weekly crude inventories. The afternoon features the minutes from the latest meeting of the Federal Open Market Committee (FOMC). A round of inflation data kicks off on Thursday, with the producer price index (PPI) and core PPI for June. The weekly update on jobless claims will also be released, along with retail sales for June and May's business inventories. The economic calendar wraps up on Friday with the consumer price index (CPI) and core CPI for June, the preliminary Reuters/University of Michigan consumer sentiment index for July, the Empire State manufacturing index, and reports on industrial production and capacity utilization.
Market Statistics
Equity option activity on the Chicago Board Options Exchange (CBOE) saw 913,951 call contracts traded on Friday, compared to 525,813 put contracts. The resultant single-session put/call ratio docked at 0.58, while the 21-day moving average was perched at 0.71.
The spring 2011 issue of SENTIMENT magazine is now available here.
Overseas Trading
Stocks in Asia ended mostly lower today, pressured by disappointing U.S. jobs data and similarly sobering economic news out of China. Inflation in the key emerging market jumped to a three-year high in June, while import growth pulled back to a 20-month low. However, the airline sector kept mainland stocks afloat, thanks to a report suggesting that China plans to invest more than 1.5 trillion yuan in the industry over the next five years. By the close, South Korea's Kospi slipped 1.1%, Hong Kong's Hang Seng declined 1.7%, Japan's Nikkei gave up 0.7%, and China's Shanghai Composite added 0.2%.
Debt jitters have investors on edge in Europe, after top finance officials in the region were summoned to an emergency meeting today to discuss the burgeoning crisis in Italy. Traders are also eyeing the U.S. debt situation, after Sunday budget negotiations between President Obama and Congressional leaders fell apart sooner than expected. At midday, the French CAC 40 is off 2.0%, the German DAX has dropped 1.5%, and London's FTSE 100 has shed 0.9%.
Currencies and Commodities
Crude futures have backpedaled this morning, continuing Friday's negative momentum. Black gold fell 2.5% on Friday as a result of a particularly dismal report on jobs growth, fueling fears about the fate of the U.S. economy. Ahead of the open, crude futures are down 1.1 points, or 1.2%. Conversely, the dollar has gained ground against its rivals this morning as a result of today's emergency meeting by officials in the euro zone. Amid this backdrop, the U.S. dollar index is trading 0.5 point, or 0.6%, higher. Finally, gold futures are also trading higher this morning, up 2.5 points, or 0.2%.
Unusual Put and Call Activity:
For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations .
Every morning, our research staff analyzes the prior day and the overnight markets, and monitors the morning wires to give you an accurate preview of the day to come. If you enjoyed today's edition of Opening View, sign up here for free daily delivery, straight to your inbox, before the opening bell.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, it's the start of another earnings season, with Dow bigwig Alcoa Inc. ( AA ) kicking things off after the close. Earnings Preview Today's earnings docket will feature reports from Alcoa ( AA ), Novellus Systems ( NVLS ), Joe's Jeans ( JOEZ ), and Material Sciences Corp. ( MASC ). "Inclusion in the index highlights the growth of our business and the substantial improvements in revenue, cash flow, and market value we have seen over the past two and a half years," the executive added.
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Earnings Preview Today's earnings docket will feature reports from Alcoa ( AA ), Novellus Systems ( NVLS ), Joe's Jeans ( JOEZ ), and Material Sciences Corp. ( MASC ). Meanwhile, it's the start of another earnings season, with Dow bigwig Alcoa Inc. ( AA ) kicking things off after the close. Ahead of the open, futures on the Dow Jones Industrial Average (DJIA ) are trading over 109 points lower, while the S&P 500 Index (SPX ) is hovering 15 points below fair value.
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Meanwhile, it's the start of another earnings season, with Dow bigwig Alcoa Inc. ( AA ) kicking things off after the close. Earnings Preview Today's earnings docket will feature reports from Alcoa ( AA ), Novellus Systems ( NVLS ), Joe's Jeans ( JOEZ ), and Material Sciences Corp. ( MASC ). Ahead of the open, futures on the Dow Jones Industrial Average (DJIA ) are trading over 109 points lower, while the S&P 500 Index (SPX ) is hovering 15 points below fair value.
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Meanwhile, it's the start of another earnings season, with Dow bigwig Alcoa Inc. ( AA ) kicking things off after the close. Earnings Preview Today's earnings docket will feature reports from Alcoa ( AA ), Novellus Systems ( NVLS ), Joe's Jeans ( JOEZ ), and Material Sciences Corp. ( MASC ). Today's emergency meeting by euro-zone officials has investors worried about the state of the global economy -- but anxieties about the U.S. economy remain high.
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1748.0
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2011-07-08 00:00:00 UTC
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Q2 Earnings Season: The Most Anticipated Companies Reporting Earnings Next Week
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AA
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https://www.nasdaq.com/articles/q2-earnings-season-most-anticipated-companies-reporting-earnings-next-week-2011-07-08
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nan
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nan
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Next week kicks off earnings season for the second quarter, with Alcoa traditionally leading the announcements. As last week was one of the market’s best in the last two years, investors seem to be optimistic. Here’s what to look for:
Guidance for 2011 earnings. Companies may beat their Q2 earnings estimates, but the yearly earnings guidance (which will also be reported) reflects the company’s outlook – changes in guidance can make or break the report.
Given the end of quantitative easing, the threat of more problems in Europe, and zigzagging confidence from American consumers, there may be more uncertainty for the rest of the year than in what happened in Q2.
The bottom and top lines of Q2. These are the headline numbers of the earnings reports, indicating whether the companies performed better or worse than analyst expectations in the second quarter.
Hints can be found from many sources. For instance, lead-reporter Alcoa was recently given a lower FY11 EPS estimate from Citigroup. Also, the price trends of aluminum will probably have a material impact on Alcoa’s earnings, since they are an aluminum maker.
For earnings season, profits come in the form of surprises. Knowledge is your best friend when it comes to following the reports, so be sure to study up.
Analyze These Ideas (Tools Will Open In A New Window)
1. Access a thorough description of all companies mentioned
2. Compare analyst ratings for all stocks mentioned below
3. Visualize annual returns for all stocks mentioned
Here we list 5 of the largest companies reporting earnings next week. They are ranked in the order of their releases.
1. Alcoa, Inc.(AA): Aluminum Industry. Market cap of $17.27B. Earnings to be released on 7/11/11. The stock has gained 55.26% over the last year.
Analysts at Citigroup recently lowered their FY11 EPS estimate for Alcoa to $1.25 vs. consensus estimate of $1.29 citing increases in input costs and lowered forecasts for the price of aluminum.
2. Yum! Brands, Inc.(YUM): Restaurants Industry. Market cap of $26.14B. Earnings to be released on 7/13/11. The stock has gained 44.31% over the last year.
On July 7, Goldman Sachs downgraded its investment rating of Yum! Brands from neutral to sell citing risk related to Chinese same-store sales and increased risk of margin pressure. The consensus estimated for Q2 EPS is $0.61.
3. Marriott International, Inc.(MAR): Lodging Industry. Market cap of $13.16B. Earnings to be released on 7/13/11. The stock has gained 20.1% over the last year.
JP Morgan recently commented on Marriott’s earnings, stating that they remain “Overweight” in the stock amid low investor expectations and international growth prospects. The consensus estimate forQ2 EPS is $0.37.
4. JPMorgan Chase & Co.(JPM): Money Center Banks Industry. Market cap of $161.17B. Earnings to be released on 7/14/11. The stock has gained 7.81% over the last year.
JPMorgan is expected to release Q2 EPS of $1.22. According to Dealogic, the bank ranked number one in investment banking revenue for the first half of 2011.
5. Citigroup, Inc.(C): Money Center Banks Industry. Market cap of $122.70B. Earnings to be released on 7/15/11. The stock has had a good month, gaining 10.35%.
Citigroup’s consensus Q2 EPS estimate fell from $0.99 to $0.98 over the past week, which may reflect macroeconomic concerns.
(List compiled by Alexander Crawford)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa, Inc.(AA): Aluminum Industry. Given the end of quantitative easing, the threat of more problems in Europe, and zigzagging confidence from American consumers, there may be more uncertainty for the rest of the year than in what happened in Q2. These are the headline numbers of the earnings reports, indicating whether the companies performed better or worse than analyst expectations in the second quarter.
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Alcoa, Inc.(AA): Aluminum Industry. Analysts at Citigroup recently lowered their FY11 EPS estimate for Alcoa to $1.25 vs. consensus estimate of $1.29 citing increases in input costs and lowered forecasts for the price of aluminum. Citigroup, Inc.(C): Money Center Banks Industry.
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Alcoa, Inc.(AA): Aluminum Industry. Companies may beat their Q2 earnings estimates, but the yearly earnings guidance (which will also be reported) reflects the company’s outlook – changes in guidance can make or break the report. Visualize annual returns for all stocks mentioned Here we list 5 of the largest companies reporting earnings next week.
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Alcoa, Inc.(AA): Aluminum Industry. As last week was one of the market’s best in the last two years, investors seem to be optimistic. Brands, Inc.(YUM): Restaurants Industry.
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1749.0
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2011-07-08 00:00:00 UTC
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Mid-Day Update: Stocks Down, But Off Lows After Disappointing Employment Data
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AA
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https://www.nasdaq.com/articles/mid-day-update-stocks-down-lows-after-disappointing-employment-data-2011-07-08
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nan
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nan
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Here's where markets stand at mid-day:
-NYSE down 98.72 (-1.16%) to 8,377.41
-DJIA down 115.76 (-0.91%) to 12,603.73
-S&P 500 down 15.68 (-1.16%) to 1,337.54
-Nasdaq down 31.63 (-1.1%) to 2,841.04
GLOBAL SENTIMENT
Nikkei up 1.1%
Hang Seng down 1.0%
Shanghai Composite down 0.2%
FTSE-100 down 2.1%
MID-DAY NYSE INDEX WATCH
NYSE Energy down 5.3% at 13,633.28
NYSE Financial down 1.55% at 4,928.08
NYSE Health Care up 7.88% at 7,361.73
NYSE Arca Tech 100 down 1.31% at 1,189.55
UPSIDE MOVERS
(+) LOCM (+18.4%) strikes deal with Google
DOWNSIDE MOVERS
(-) ZEUS (-0.3%) upgraded
(-) BIDU (-1.1%) announces realignment
(-) LEDS (-2.3%) posted Q3 results below expectations
(-) GOOG (-3.3%) article says company open to more cooperation with social media firms
(-) GBX (-0.6%) misses Q3 expectations
(-) STD (-4.5%) downgraded
(-) ALV (-9.6.%) says government probe to hit operating results
MARKET DIRECTION
Stocks are down, but off early lows at mid-day after the government's dismal non-farm payroll report surprised economists and caused investors to to pull back after a week of gains on solid retails sales reports. Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season.
The US Department of Labor report caused stocks to tumble early after data showed that US June nonfarm payrolls were up 18,000 jobs compared with the 125,000 analysts had expected. The Jobless rate in June ticked up to 9.2% compared with the previous rate of 9.1% that had been anticipated. May job gains were adjusted down to 25,000 from the initial estimate of 54,000.
In company news:
Shares of Johnson & Johnson (JNJ) are down following a Bloomberg report the health care products maker was sued for $50 million by privately held Oral Cancer Prevention International, which said J&J interfered in a contract over distribution of an oral cancer prevention test. Oral Cancer Prevention reportedly sued J&J over a contract it signedlast year with OraPharma, which was a unit of J&J at the time.
Shares of Wells Fargo & Co. (WFC) are down after the bank said it would pay $125 million to pension funds to settle claims over losses from investments in mortgage-backed securities. The settlement concludes a two-year legal battle over the underwriting mortgage-backed securities totaling billions of dollars, the Wall Street Journal reported, citing a court filing.
Shares of Exxon Mobil (XOM) are down after Russia's OAO Rosneft said it is in talks with Exxon about potential projects in the Black Sea, Bloomberg reported, citing Rosneft's chief executive officer. Chevron ( CVX ) had pulled out of a venture in the Black Sea earlier this year.
Sara Lee Corp. ( SLE ) shares are down after the food products company said it is set to raise $308 million from the sale of its Spanish arm, Bimbo.
Baidu ( BIDU ) is trading lower after news that its Senior Vice President Haoyu Shen will leave at the end of the month. This follows the company's realignment of its four business units: Sales, Commercial Operations, User Products and Technologies, and Commercial Products and Technologies.
Shares of Pfizer (PFE) are down after Bloomberg reported the drug maker's plans to cut two businesses raises the possible return for three experiment drugs the drug maker is pushing toward a regulator review later in 2011. Earlier this week, Pfizer said it plans to sell its animal health and baby food divisions, the report noted. Pfizer is said to be giving added attention to its apixaban blood thinner, crizotinib lung cancer drug and tofacitinib for rheumatoid arthritis, the report said.
Google (GOOG) shares are down in morning trading, extending initial pre-market declines. Shares are off 3.2%, or $17.44, to $529.12. Google is the subject of a wire story out of Allen & Co. media conference in Sun Valley, Idaho. Google's former CEO and current executive chairman Eric Schmidt is quoted as saying the company is open to more cooperation with social media firms Facebook and Twitter. Schmidt also said the company will cooperate fully with a U.S. antitrust probe, according to the Reuters story.
General Motors ( GM ) is down after announcing this morning that it is offering free auto insurance for a year to customers who buy or lease a car. The promotion is being tested in Oregon and Washington state, but the company said it may roll out the offer more broadly.
Commodities are mixed. August gold contracts are up 0.88% to $1,544 an ounce while August crude oil contacts are down 2.44% to $96.27 a barrel.
In energy ETFs, the United States Oil Fund (USO) is down 2.23% to $37.75 and the United States Natural Gas fund (UNG) is up 0.76%, to $10.57.
In precious metal ETFs, the SPDR Gold Trust (GLD) is up 0.86% at $150.44. Market Vectors Gold Miners (GDX) is up 0.30% to $56.42. iShares Silver Trust (SLV) is up 0.56% to $35.70.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season. The US Department of Labor report caused stocks to tumble early after data showed that US June nonfarm payrolls were up 18,000 jobs compared with the 125,000 analysts had expected. The settlement concludes a two-year legal battle over the underwriting mortgage-backed securities totaling billions of dollars, the Wall Street Journal reported, citing a court filing.
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Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season. (-) ZEUS (-0.3%) upgraded (-) BIDU (-1.1%) announces realignment (-) LEDS (-2.3%) posted Q3 results below expectations (-) GOOG (-3.3%) article says company open to more cooperation with social media firms (-) GBX (-0.6%) misses Q3 expectations (-) STD (-4.5%) downgraded (-) ALV (-9.6.%) says government probe to hit operating results In company news: Shares of Johnson & Johnson (JNJ) are down following a Bloomberg report the health care products maker was sued for $50 million by privately held Oral Cancer Prevention International, which said J&J interfered in a contract over distribution of an oral cancer prevention test.
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Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season. (-) ZEUS (-0.3%) upgraded (-) BIDU (-1.1%) announces realignment (-) LEDS (-2.3%) posted Q3 results below expectations (-) GOOG (-3.3%) article says company open to more cooperation with social media firms (-) GBX (-0.6%) misses Q3 expectations (-) STD (-4.5%) downgraded (-) ALV (-9.6.%) says government probe to hit operating results Stocks are down, but off early lows at mid-day after the government's dismal non-farm payroll report surprised economists and caused investors to to pull back after a week of gains on solid retails sales reports.
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Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season. The US Department of Labor report caused stocks to tumble early after data showed that US June nonfarm payrolls were up 18,000 jobs compared with the 125,000 analysts had expected. Shares of Pfizer (PFE) are down after Bloomberg reported the drug maker's plans to cut two businesses raises the possible return for three experiment drugs the drug maker is pushing toward a regulator review later in 2011.
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1750.0
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2011-07-08 00:00:00 UTC
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Stocks Bounce Off Lows after Dismal Payroll Data; Earnings Season Starts Next Week
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AA
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https://www.nasdaq.com/articles/stocks-bounce-lows-after-dismal-payroll-data-earnings-season-starts-next-week-2011-07-08
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nan
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nan
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Stocks are down, but off early lows at mid-day after the government's dismal non-farm payroll report surprised economists and caused investors to to pull back after a week of gains on solid retails sales reports. Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season.
The US Department of Labor report caused stocks to tumble early after data showed that US June nonfarm payrolls were up 18,000 jobs compared with the 125,000 analysts had expected. The Jobless rate in June ticked up to 9.2% compared with the previous rate of 9.1% that had been anticipated. May job gains were adjusted down to 25,000 from the initial estimate of 54,000.
In company news:
Shares of Johnson & Johnson (JNJ) are down following a Bloomberg report the health care products maker was sued for $50 million by privately held Oral Cancer Prevention International, which said J&J interfered in a contract over distribution of an oral cancer prevention test. Oral Cancer Prevention reportedly sued J&J over a contract it signedlast year with OraPharma, which was a unit of J&J at the time.
Shares of Wells Fargo & Co. (WFC) are down after the bank said it would pay $125 million to pension funds to settle claims over losses from investments in mortgage-backed securities. The settlement concludes a two-year legal battle over the underwriting mortgage-backed securities totaling billions of dollars, the Wall Street Journal reported, citing a court filing.
Shares of Exxon Mobil (XOM) are down after Russia's OAO Rosneft said it is in talks with Exxon about potential projects in the Black Sea, Bloomberg reported, citing Rosneft's chief executive officer. Chevron ( CVX ) had pulled out of a venture in the Black Sea earlier this year.
Sara Lee Corp. ( SLE ) shares are down after the food products company said it is set to raise $308 million from the sale of its Spanish arm, Bimbo.
Baidu ( BIDU ) is trading lower after news that its Senior Vice President Haoyu Shen will leave at the end of the month. This follows the company's realignment of its four business units: Sales, Commercial Operations, User Products and Technologies, and Commercial Products and Technologies.
Shares of Pfizer (PFE) are down after Bloomberg reported the drug maker's plans to cut two businesses raises the possible return for three experiment drugs the drug maker is pushing toward a regulator review later in 2011. Earlier this week, Pfizer said it plans to sell its animal health and baby food divisions, the report noted. Pfizer is said to be giving added attention to its apixaban blood thinner, crizotinib lung cancer drug and tofacitinib for rheumatoid arthritis, the report said.
Google (GOOG) shares are down in morning trading, extending initial pre-market declines. Shares are off 3.2%, or $17.44, to $529.12. Google is the subject of a wire story out of Allen & Co. media conference in Sun Valley, Idaho. Google's former CEO and current executive chairman Eric Schmidt is quoted as saying the company is open to more cooperation with social media firms Facebook and Twitter. Schmidt also said the company will cooperate fully with a U.S. antitrust probe, according to the Reuters story.
General Motors ( GM ) is down after announcing this morning that it is offering free auto insurance for a year to customers who buy or lease a car. The promotion is being tested in Oregon and Washington state, but the company said it may roll out the offer more broadly.
Commodities are mixed. August gold contracts are up 0.88% to $1,544 an ounce while August crude oil contacts are down 2.44% to $96.27 a barrel.
In energy ETFs, the United States Oil Fund (USO) is down 2.23% to $37.75 and the United States Natural Gas fund (UNG) is up 0.76%, to $10.57.
In precious metal ETFs, the SPDR Gold Trust (GLD) is up 0.86% at $150.44. Market Vectors Gold Miners (GDX) is up 0.30% to $56.42. iShares Silver Trust (SLV) is up 0.56% to $35.70.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season. The US Department of Labor report caused stocks to tumble early after data showed that US June nonfarm payrolls were up 18,000 jobs compared with the 125,000 analysts had expected. The settlement concludes a two-year legal battle over the underwriting mortgage-backed securities totaling billions of dollars, the Wall Street Journal reported, citing a court filing.
|
Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season. In company news: Shares of Johnson & Johnson (JNJ) are down following a Bloomberg report the health care products maker was sued for $50 million by privately held Oral Cancer Prevention International, which said J&J interfered in a contract over distribution of an oral cancer prevention test. Shares of Exxon Mobil (XOM) are down after Russia's OAO Rosneft said it is in talks with Exxon about potential projects in the Black Sea, Bloomberg reported, citing Rosneft's chief executive officer.
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Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season. Stocks are down, but off early lows at mid-day after the government's dismal non-farm payroll report surprised economists and caused investors to to pull back after a week of gains on solid retails sales reports. In company news: Shares of Johnson & Johnson (JNJ) are down following a Bloomberg report the health care products maker was sued for $50 million by privately held Oral Cancer Prevention International, which said J&J interfered in a contract over distribution of an oral cancer prevention test.
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Earnings could set the stage for a rebound on Monday when Alcoa ( AA ) reports second quarter results and kicks off the unofficial earnings season. Shares of Pfizer (PFE) are down after Bloomberg reported the drug maker's plans to cut two businesses raises the possible return for three experiment drugs the drug maker is pushing toward a regulator review later in 2011. Shares are off 3.2%, or $17.44, to $529.12.
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1751.0
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2011-07-06 00:00:00 UTC
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Emerging markets morning call with Tim Seymour – 7/6/11
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AA
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https://www.nasdaq.com/articles/emerging-markets-morning-call-tim-seymour-7611-2011-07-06
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nan
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nan
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China's rate move is putting pressure on emerging markets and commodities, but German factory orders came in better than expected. Aluminum has come back, so watch Alcoa's ( AA , quote ) earnings next week. In general, emerging markets companies continue to grow their earnings faster than their developed peers. There are still opportunities in EEM ( quote ) over EFA ( quote ), but tactically speaking we have had a good run -- may be time to take profits.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aluminum has come back, so watch Alcoa's ( AA , quote ) earnings next week. China's rate move is putting pressure on emerging markets and commodities, but German factory orders came in better than expected. In general, emerging markets companies continue to grow their earnings faster than their developed peers.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Aluminum has come back, so watch Alcoa's ( AA , quote ) earnings next week. China's rate move is putting pressure on emerging markets and commodities, but German factory orders came in better than expected.
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Aluminum has come back, so watch Alcoa's ( AA , quote ) earnings next week. China's rate move is putting pressure on emerging markets and commodities, but German factory orders came in better than expected. In general, emerging markets companies continue to grow their earnings faster than their developed peers.
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Aluminum has come back, so watch Alcoa's ( AA , quote ) earnings next week. China's rate move is putting pressure on emerging markets and commodities, but German factory orders came in better than expected. In general, emerging markets companies continue to grow their earnings faster than their developed peers.
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1752.0
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2011-06-30 00:00:00 UTC
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Alcoa Could Reach $20 with Help from New Alloys
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AA
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https://www.nasdaq.com/articles/alcoa-could-reach-20-help-new-alloys-2011-06-30
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nan
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nan
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It has been less than a week since Alcoa ( AA ) showcased its next-generation aluminium alloy at the Paris Air Show. And the aerospace industry seems to agree that these new alloys hold plenty of promise. Airbus decided to sign a multi-year contract worth $1 billion with the aluminium industry leader. Alcoa will supply its new alloys for almost all Airbus commercial aircraft. The company competes with other international metals and mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Chalco ( ACH ).
Our price estimate for Alcoa at $19.80 implies a premium of about 30% to the market price.
Alcoa's new aluminium alloy promises to slash aircraft weights
Alcoa hit the right note at this year's Paris Air Show by showcasing the revolutionary fuselage panel made by Spirit AeroSystems using the new alloy. With aircraft manufacturers always looking for ways to reduce the weight of their aircraft to improve fuel efficiency without sacrificing strength, it clearly caught the attend of Airbus. We spoke about this in our article, Alcoa Gains from Fuel Efficiency Focus at Paris Air Show.
Alcoa claims that an aircraft made with the new alloy would be about 10% lighter and would improve fuel efficiency by as much as 12%. The alloy also lends itself to manufacturing lighter and more efficient jet engines, which are faster to produce and require less maintenance.
And the first step towards higher sales has already been taken…
The contract with Airbus followed almost immediately after the demonstration as it was announced when the Paris Air Show was still going on. The airline industry giant explained that it would use this new alloy in almost all its commercial aircraft from its smaller, single-aisle planes to the double-decker A380.
And more importantly, the contract also opens the door for other aircraft manufacturers to explore the new alloy and enter into sales agreements with Alcoa.
See our full analysis for Alcoa
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has been less than a week since Alcoa ( AA ) showcased its next-generation aluminium alloy at the Paris Air Show. The alloy also lends itself to manufacturing lighter and more efficient jet engines, which are faster to produce and require less maintenance. And the first step towards higher sales has already been taken… The contract with Airbus followed almost immediately after the demonstration as it was announced when the Paris Air Show was still going on.
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It has been less than a week since Alcoa ( AA ) showcased its next-generation aluminium alloy at the Paris Air Show. Alcoa's new aluminium alloy promises to slash aircraft weights Alcoa hit the right note at this year's Paris Air Show by showcasing the revolutionary fuselage panel made by Spirit AeroSystems using the new alloy. See our full analysis for Alcoa The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has been less than a week since Alcoa ( AA ) showcased its next-generation aluminium alloy at the Paris Air Show. Alcoa's new aluminium alloy promises to slash aircraft weights Alcoa hit the right note at this year's Paris Air Show by showcasing the revolutionary fuselage panel made by Spirit AeroSystems using the new alloy. Alcoa claims that an aircraft made with the new alloy would be about 10% lighter and would improve fuel efficiency by as much as 12%.
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It has been less than a week since Alcoa ( AA ) showcased its next-generation aluminium alloy at the Paris Air Show. We spoke about this in our article, Alcoa Gains from Fuel Efficiency Focus at Paris Air Show. Alcoa claims that an aircraft made with the new alloy would be about 10% lighter and would improve fuel efficiency by as much as 12%.
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1753.0
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2011-06-28 00:00:00 UTC
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Rio's Chinese Contracts Reflect Lower Iron Ore Spot Prices
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AA
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https://www.nasdaq.com/articles/rios-chinese-contracts-reflect-lower-iron-ore-spot-prices-2011-06-28
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nan
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nan
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The world number two iron ore miner, Rio Tinto (NYSE:RIO) will cut its existing iron prices for the Chinese steel mills by 2-3% for the third quarter. The new pricing will put Rio's 62% Pilbara Blend fines at $168.85 per tonne for the Q3 compared to $171.35 during Q2, 2011. We estimate that during 2011, the average realized iron ore price for Rio Tinto will be around the $100 per tonne. We currently expect that average price will continue increasing through 2012 and then decline thereafter, which would impact Rio as well as competitors like BHP Billiton ( BHP ), Vale (NYSE:VALE) and Cliffs Natural Resources ( CLF ).
An official who buys the ore for a steel mill in China confirmed that the Rio Tinto has sent them the revised pricing details on Wednesday. The marginal price cut is in line with the decline in the spot market prices of iron ore, which is primarily used in making steel. Currently the global miners have been using the spot values of iron ore for setting the quarterly contract rates.
Rio Tinto, BHP Billiton and Vale, who put together control 40% of the iron ore market, dumped the 40 year old annual contract system in favor of setting the contract price on a quarterly basis in order to capture the sharp price movements in the market. Vale and BHP Billiton are expected to follow the suit and may revise the iron ore prices shortly. The pricing for the quarterly contracts is based on the average index prices over a three month period, ending a month before the start of a new quarter. Platts, The Steel Index and Metal Bulletin are the major index price providers.
The prices for iron ore rallied in 2010 jumping close to 20%. This run fizzled out after the Chinese demand for the ore declined in February this year leading to just a 1% increase in the prices this year. We expect the Chinese iron imports to fall further as country has already taken steps to increase its domestic iron ore production. While this could dip in spot prices could be short-term, downside risk remains if prices stay lower for an extended period of time leading to bigger price cuts in future contracts.
See our complete analysis of Rio Tinto's Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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An official who buys the ore for a steel mill in China confirmed that the Rio Tinto has sent them the revised pricing details on Wednesday. Rio Tinto, BHP Billiton and Vale, who put together control 40% of the iron ore market, dumped the 40 year old annual contract system in favor of setting the contract price on a quarterly basis in order to capture the sharp price movements in the market. Vale and BHP Billiton are expected to follow the suit and may revise the iron ore prices shortly.
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The world number two iron ore miner, Rio Tinto (NYSE:RIO) will cut its existing iron prices for the Chinese steel mills by 2-3% for the third quarter. We currently expect that average price will continue increasing through 2012 and then decline thereafter, which would impact Rio as well as competitors like BHP Billiton ( BHP ), Vale (NYSE:VALE) and Cliffs Natural Resources ( CLF ). See our complete analysis of Rio Tinto's Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The world number two iron ore miner, Rio Tinto (NYSE:RIO) will cut its existing iron prices for the Chinese steel mills by 2-3% for the third quarter. The marginal price cut is in line with the decline in the spot market prices of iron ore, which is primarily used in making steel. Rio Tinto, BHP Billiton and Vale, who put together control 40% of the iron ore market, dumped the 40 year old annual contract system in favor of setting the contract price on a quarterly basis in order to capture the sharp price movements in the market.
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The world number two iron ore miner, Rio Tinto (NYSE:RIO) will cut its existing iron prices for the Chinese steel mills by 2-3% for the third quarter. Rio Tinto, BHP Billiton and Vale, who put together control 40% of the iron ore market, dumped the 40 year old annual contract system in favor of setting the contract price on a quarterly basis in order to capture the sharp price movements in the market. Vale and BHP Billiton are expected to follow the suit and may revise the iron ore prices shortly.
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1754.0
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2011-06-23 00:00:00 UTC
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Alcoa Gains from Fuel Efficiency Focus at Paris Air Show
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AA
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https://www.nasdaq.com/articles/alcoa-gains-fuel-efficiency-focus-paris-air-show-2011-06-23
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nan
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nan
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Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry. The company is demonstrating its revolutionary fuselage panel made by Spirit AeroSystems at the 2011 Paris Air Show. Its third-generation Al-Li 2060 aluminum-lithium alloy can dramatically reduce airline weight while providing strength which is equal to or better than the composites currently in use. Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina, and competes with other international metals and mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Chalco ( ACH ).
Our price estimate for Alcoa, at $19.76 , implies about 30% premium to the market price.
Alcoa's Aerospace Business at a Glance
Alcoa has extensive operations to cater to the needs of the aerospace industry and provides aluminium solutions "from nose to tail and from wing-tip to wing-tip." Alcoa is the largest provider to the aerospace industry in terms of market share with these operations generating almost $3 billion in revenues for the company.
The company provides structural solutions to aircraft manufacturers through its Global Rolled Products and Forgings & Extrusions divisions, which we consider as a part of the company's flat-rolled products division.
Other aerospace requirements are catered to by the Fastening Systems and Power & Propulsion divisions, which are reported by the company under its engineered products division.
The New Alloy Looks Promising
Aircraft manufacturers are always looking for ways to reduce the weight of their aircrafts without risking strength as this results in better fuel efficiency. This has been cited as popular theme at this year's Paris Air Show.
Alcoa's latest alloy caters to this need while providing another significant advantage - it can be used to manufacture aircraft components directly on the manufacturer's existing production lines. This ensures easy adoption of the new alloy. Moreover, the alloy is also cheaper to maintain - which will reduce overhead costs for the airlines buying the aircraft too.
We currently forecast an annual growth of more than 5% in the sales for Alcoa's flat-rolled products division which will produce this new alloy. The impact of faster growth in this division's sales on the company's $19.76 share price can be understood by making changes to the graph above.
See our full analysis for Alcoa's stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry. Its third-generation Al-Li 2060 aluminum-lithium alloy can dramatically reduce airline weight while providing strength which is equal to or better than the composites currently in use. Alcoa is the largest provider to the aerospace industry in terms of market share with these operations generating almost $3 billion in revenues for the company.
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Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry. Alcoa's Aerospace Business at a Glance Alcoa has extensive operations to cater to the needs of the aerospace industry and provides aluminium solutions "from nose to tail and from wing-tip to wing-tip." We currently forecast an annual growth of more than 5% in the sales for Alcoa's flat-rolled products division which will produce this new alloy.
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Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry. Alcoa's Aerospace Business at a Glance Alcoa has extensive operations to cater to the needs of the aerospace industry and provides aluminium solutions "from nose to tail and from wing-tip to wing-tip." The company provides structural solutions to aircraft manufacturers through its Global Rolled Products and Forgings & Extrusions divisions, which we consider as a part of the company's flat-rolled products division.
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Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry. The company provides structural solutions to aircraft manufacturers through its Global Rolled Products and Forgings & Extrusions divisions, which we consider as a part of the company's flat-rolled products division. The New Alloy Looks Promising Aircraft manufacturers are always looking for ways to reduce the weight of their aircrafts without risking strength as this results in better fuel efficiency.
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1755.0
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2011-06-22 00:00:00 UTC
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Iron-Ore Oversupply Could Impact Rio Tinto
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AA
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https://www.nasdaq.com/articles/iron-ore-oversupply-could-impact-rio-tinto-2011-06-22
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nan
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nan
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The average iron-ore price realized by Rio Tinto (NYSE:RIO) has increased historically through 2008 driven by Chinese demand for iron ore and a continuous rise of international sea freight but declined in 2009 due to the economic crisis. Backed by strong global demand post-crisis, Rio's average iron-ore price increased to $101 per ton in 2010. We expect the average price will continue increasing through 2012 and then decline due to a probable oversupply scenario of iron-ore, which will likely result in declining price for Rio Tinto as well as competitors like BHP Billiton ( BHP ), Vale (NYSE:VALE), and Cliffs Natural Resources ( CLF ).
Rio is putting tremendous effort into capitalizing on the vast demand for iron-ore globally. The company recently said in a press statement that it's accelerating its iron ore expansion program in the Pilbara region of Western Australia with US$676 million funding. Rio also entered into a joint venture with Chinalco - China's state owned mining major, to explore mainland China for mineral deposits. (See Rio Tinto and Chinalco JV to Explore China )
While we estimate Rio Tinto's average realized price for iron-ore will decline to $88.70 by the end of our forecast period, Trefis members expect the average iron-ore price will see a smaller decline leading to $103 - implying an upside of 5% to our RIO stock price estimate.
We have a Trefis price estimate of $97 for Rio Tinto's stock , implying a premium of over 40% to the current market price.
Strong Global Demand for Iron-Ore…
The emerging economies of Asia have shown promising growth rates in the recent years. China currently imports nearly 60% of its iron ore requirements. As countries such as China and India continue to invest in infrastructure development, the demand of steel and iron ore will continue to rise.
Economies of developed countries are recovering as well. According to a PWC report, the mining companies in Canada's British Columbia have registered strong revenues, net income and cash flows during 2010, driven by strong coal and metals prices. The report stated that the industry's aggregate pre-tax net earnings were $3.7 billion in 2010, up by 65% from $2.3 billion in 2009. Reconstruction of the earthquake-hit Japan will also require heavy investments in copper and iron-ore, which will keep iron-ore prices elevated.
…. But Oversupply Scenario Possible
China, the world's largest producer and importer of iron ore, has been busy building iron-ore inventories over the past few years on the speculation of a continuous uptick in iron-ore demand from steel manufacturers. This already suggests an overcapacity in the industry. According to a report by China Mining Federation, as of May 27, 2011, iron ore inventory stocked at 32 Chinese ports totaled around 91.4 million tons, up 2.10 million tons over one week earlier. We expect that an oversupply of iron-ore is likely to push prices down from 2012 till the end of our forecast period.
Our complete analysis of Rio Tinto's stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We expect the average price will continue increasing through 2012 and then decline due to a probable oversupply scenario of iron-ore, which will likely result in declining price for Rio Tinto as well as competitors like BHP Billiton ( BHP ), Vale (NYSE:VALE), and Cliffs Natural Resources ( CLF ). The company recently said in a press statement that it's accelerating its iron ore expansion program in the Pilbara region of Western Australia with US$676 million funding. Strong Global Demand for Iron-Ore… The emerging economies of Asia have shown promising growth rates in the recent years.
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The average iron-ore price realized by Rio Tinto (NYSE:RIO) has increased historically through 2008 driven by Chinese demand for iron ore and a continuous rise of international sea freight but declined in 2009 due to the economic crisis. Backed by strong global demand post-crisis, Rio's average iron-ore price increased to $101 per ton in 2010. (See Rio Tinto and Chinalco JV to Explore China ) While we estimate Rio Tinto's average realized price for iron-ore will decline to $88.70 by the end of our forecast period, Trefis members expect the average iron-ore price will see a smaller decline leading to $103 - implying an upside of 5% to our RIO stock price estimate.
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The average iron-ore price realized by Rio Tinto (NYSE:RIO) has increased historically through 2008 driven by Chinese demand for iron ore and a continuous rise of international sea freight but declined in 2009 due to the economic crisis. We expect the average price will continue increasing through 2012 and then decline due to a probable oversupply scenario of iron-ore, which will likely result in declining price for Rio Tinto as well as competitors like BHP Billiton ( BHP ), Vale (NYSE:VALE), and Cliffs Natural Resources ( CLF ). (See Rio Tinto and Chinalco JV to Explore China ) While we estimate Rio Tinto's average realized price for iron-ore will decline to $88.70 by the end of our forecast period, Trefis members expect the average iron-ore price will see a smaller decline leading to $103 - implying an upside of 5% to our RIO stock price estimate.
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Backed by strong global demand post-crisis, Rio's average iron-ore price increased to $101 per ton in 2010. (See Rio Tinto and Chinalco JV to Explore China ) While we estimate Rio Tinto's average realized price for iron-ore will decline to $88.70 by the end of our forecast period, Trefis members expect the average iron-ore price will see a smaller decline leading to $103 - implying an upside of 5% to our RIO stock price estimate. China currently imports nearly 60% of its iron ore requirements.
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1756.0
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2011-06-22 00:00:00 UTC
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Trefis Morning Coffee – Alcoa, Adobe & Yahoo
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AA
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https://www.nasdaq.com/articles/trefis-morning-coffee-alcoa-adobe-yahoo-2011-06-22
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nan
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nan
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This morning Paris is on our mind. In particular, we are hearing reports on the winners and losers coming out of the Paris Air Show. The usual name like Boeing (we will soon cover) and Airbus litter the headlines but one unsuspecting name - Alcoa ( AA ) - is making some interesting moves with its newest products for the aerospace market. Adobe ( ADBE ) reported earnings yesterday that showed seemingly solid earnings and reaffirmed its outlook; however its stock is off 5% in early trading as some investors are still unsure about weakness in Europe and its enterprise business despite positive data from the Creative Suite 5.5 release. Finally we test readers' knowledge on Yahoo (NASDAQ:YHOO) and its contentious relationship with Chinese Internet company Alibaba.
Company of the Day - Alcoa
Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry. The company is demonstrating its revolutionary fuselage panel made by Spirit AeroSystems at the 2011 Paris Air Show. Its third-generation Al-Li 2060 aluminum-lithium alloy can dramatically reduce airline weight while providing strength which is equal to or better than the composites currently in use. Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina, and competes with other international metals and mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Chalco ( ACH ).
See analysis
Forecast of the Day - Adobe Creative Software Market Share
Adobe's business depends heavily on the success of its creative software, which is suite of software consisting of popular products like Photoshop, Dreamweaver, Flash Professional and InDesign. The company competes with Microsoft (NASDAQ:MSFT), Apple ( AAPL ), Quark and Corel in this market. Creative software accounts for more than 50% of our $35.13 price estimate for Adobe stock . Our price estimate stands about 10% above market price.
See analysis
Quiz of the Day - Yahoo
How much does Alibaba contribute to Yahoo's stock value?
A 55%
B 25%
C 15%
D 35%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The usual name like Boeing (we will soon cover) and Airbus litter the headlines but one unsuspecting name - Alcoa ( AA ) - is making some interesting moves with its newest products for the aerospace market. Company of the Day - Alcoa Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry. The company competes with Microsoft (NASDAQ:MSFT), Apple ( AAPL ), Quark and Corel in this market.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The usual name like Boeing (we will soon cover) and Airbus litter the headlines but one unsuspecting name - Alcoa ( AA ) - is making some interesting moves with its newest products for the aerospace market. Company of the Day - Alcoa Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry.
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Company of the Day - Alcoa Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry. The usual name like Boeing (we will soon cover) and Airbus litter the headlines but one unsuspecting name - Alcoa ( AA ) - is making some interesting moves with its newest products for the aerospace market. The company competes with Microsoft (NASDAQ:MSFT), Apple ( AAPL ), Quark and Corel in this market.
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The usual name like Boeing (we will soon cover) and Airbus litter the headlines but one unsuspecting name - Alcoa ( AA ) - is making some interesting moves with its newest products for the aerospace market. Company of the Day - Alcoa Alcoa ( AA ) recently announced that its next-generation aluminium alloy has the potential to make a significant impact in the aerospace industry. The company competes with Microsoft (NASDAQ:MSFT), Apple ( AAPL ), Quark and Corel in this market.
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1757.0
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2011-06-21 00:00:00 UTC
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Alcoa Shines on Solid Aluminum Demand
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AA
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https://www.nasdaq.com/articles/alcoa-shines-solid-aluminum-demand-2011-06-21
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nan
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nan
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Alcoa's ( AA ) total alumina shipments rose from 14.6 million tons in 2006 to 16.5 million tons in 2010 with a blip in 2009 due to unfavorable economic conditions that led to a decline in the overall industrial output and demand for aluminum. Alcoa, which competes with mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Chalco ( ACH ), is upbeat about the global outlook for aluminum and expects the strong demand to continue in the next decade. Last quarter, Alcoa reported almost $6 billion in sales, up 20% year-over-year. (See Alcoa on Track for a Bumper Year )
Given the unique characteristics of aluminum and its growing demand, we expect Alcoa's alumina shipments will rise to 21 million tons by the end of our forecast period. Trefis members, however, predict a more optimistic scenario with the shipments reaching 25.4 million tons - implying an upside of close to 5% to our Alcoa stock price estimate.
We have a Trefis price estimate of $19.76 for Alcoa's stock , implying a premium of 28% to current market price.
Unique Qualities and Usage of Aluminum
Aluminum is lightweight and using it in automobiles can help reduce vehicle weight and improve fuel efficiency. Lighter automobiles also mean lower emissions. The unique characteristics of aluminum being malleable and ductile makes it ideal for making cans. Moreover, it is very convenient to use aluminum foil for wrapping and storing food and is widely used in the food industry. (See Good Things Come in Aluminum Packages for Alcoa )
Positive Global Outlook for Aluminum
Alcoa predicts the global consumption and supply of aluminum to double from its 2010 levels by 2020 driven by an increasing demand for more efficient infrastructure and transportation solutions It predicts aluminum demand will grow at a compounded average growth rate of nearly 7% annually. This represents a growth in annual demand for bauxite from 214 million tonnes to 400 million tonnes. Alumina is expected to grow from 82 million tonnes to 156 million tonnes in a year, and aluminum growth would be from 39 million tonnes to 73 million tonnes per year.
Alcoa forecasts the automotive and aerospace markets will be the main drivers for growth in aluminum demand, due to the growing need for more fuel-efficiency spurring increased competitiveness of aluminum to the traditional metals used in the construction of cars and airplanes.
Our complete analysis of Alcoa's stock is here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa's ( AA ) total alumina shipments rose from 14.6 million tons in 2006 to 16.5 million tons in 2010 with a blip in 2009 due to unfavorable economic conditions that led to a decline in the overall industrial output and demand for aluminum. Alcoa, which competes with mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Chalco ( ACH ), is upbeat about the global outlook for aluminum and expects the strong demand to continue in the next decade. Trefis members, however, predict a more optimistic scenario with the shipments reaching 25.4 million tons - implying an upside of close to 5% to our Alcoa stock price estimate.
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Alcoa's ( AA ) total alumina shipments rose from 14.6 million tons in 2006 to 16.5 million tons in 2010 with a blip in 2009 due to unfavorable economic conditions that led to a decline in the overall industrial output and demand for aluminum. (See Alcoa on Track for a Bumper Year ) Given the unique characteristics of aluminum and its growing demand, we expect Alcoa's alumina shipments will rise to 21 million tons by the end of our forecast period. (See Good Things Come in Aluminum Packages for Alcoa ) Positive Global Outlook for Aluminum Alcoa predicts the global consumption and supply of aluminum to double from its 2010 levels by 2020 driven by an increasing demand for more efficient infrastructure and transportation solutions It predicts aluminum demand will grow at a compounded average growth rate of nearly 7% annually.
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Alcoa's ( AA ) total alumina shipments rose from 14.6 million tons in 2006 to 16.5 million tons in 2010 with a blip in 2009 due to unfavorable economic conditions that led to a decline in the overall industrial output and demand for aluminum. (See Alcoa on Track for a Bumper Year ) Given the unique characteristics of aluminum and its growing demand, we expect Alcoa's alumina shipments will rise to 21 million tons by the end of our forecast period. (See Good Things Come in Aluminum Packages for Alcoa ) Positive Global Outlook for Aluminum Alcoa predicts the global consumption and supply of aluminum to double from its 2010 levels by 2020 driven by an increasing demand for more efficient infrastructure and transportation solutions It predicts aluminum demand will grow at a compounded average growth rate of nearly 7% annually.
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Alcoa's ( AA ) total alumina shipments rose from 14.6 million tons in 2006 to 16.5 million tons in 2010 with a blip in 2009 due to unfavorable economic conditions that led to a decline in the overall industrial output and demand for aluminum. (See Alcoa on Track for a Bumper Year ) Given the unique characteristics of aluminum and its growing demand, we expect Alcoa's alumina shipments will rise to 21 million tons by the end of our forecast period. (See Good Things Come in Aluminum Packages for Alcoa ) Positive Global Outlook for Aluminum Alcoa predicts the global consumption and supply of aluminum to double from its 2010 levels by 2020 driven by an increasing demand for more efficient infrastructure and transportation solutions It predicts aluminum demand will grow at a compounded average growth rate of nearly 7% annually.
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1758.0
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2011-06-03 00:00:00 UTC
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Top 3 Sources of Value for Vale
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AA
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https://www.nasdaq.com/articles/top-3-sources-value-vale-2011-06-03
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nan
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nan
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Vale (NYSE:VALE) is one of the world's largest mining companies and is headquartered in Brazil. It is the world leader in iron ore and iron ore pellets production and also has access to the world's largest nickel reserves. Apart from iron ore and nickel, Vale also produces bauxite, alumina, aluminium, copper, precious gems and minerals and other base metals. Vale operates a large logistics network based in Brazil which includes railroad, maritime terminals and a port. Vale competes with metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ).
Our price estimate for Vale stands at $42 , which is roughly 30% ahead of market price.
Below, we take a look at 3 key sources of income which contribute to Vale's stock value.
1) Ferrous minerals division - represents 63% of the company's stock value
Ferrous Minerals division is by far the most valuable division for the company. Currently, more than 75% of the company's profits come from this division. This division includes vale's iron ore, iron ore pellet, pig iron, manganese and ferroalloys shipments, with China being its largest consumer with 60% market share.
Overall, more than 70% of Vale's iron ore is shipped to Asian countries. Vale operates three systems in Brazil for producing and distributing iron ore - the fully integrated northern and southeastern systems, consisting of mines, railroads, a maritime terminal and a port. The third is the southern system and consists of three mining complexes and two maritime terminals.
See the top forecasts for the Ferrous Minerals division
2) Nickel division - 15%
Nickel is the second most important division for Vale. Vale conducts its nickel operations primarily through its wholly owned subsidiary Vale Inco. Vale Inco operates two nickel production systems, one in North America and Europe and the other in Asia and the South Pacific.Vale Inco was formed following the acquisition of Inco Limited by Companhia Vale do Rio Doce, formerly called CVRD or Vale for short. Following the acquisition, the combined entity took the name Vale for branding purposes.
See the top forecasts for the flat Nickel division
3) Copper & Other Base Metals division - 6%
The copper division consists of Vale's copper, precious gems and metals and cobalt sales. Vale's copper operations are carried out at the parent company level in Brazil and through its subsidiary - Vale Inco in Canada, where it is recovered as a by-product of Nickel operations in Canada. Other base metals are also recovered as a by-product of Vale's nickel and copper mining.
See the top forecasts for the South American Mines division
Vale's relies heavily on iron ore for its revenues and so is highly dependent on iron ore prices. We currently expect iron ore prices to decline in the future based on and eventual over supply of the mineral globally. This could weigh on the market price and cause us to lower our price estimate. For now, we still see value in the shares from our $42 price estimate.
See our full analysis for Vale's stock here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Vale competes with metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). Apart from iron ore and nickel, Vale also produces bauxite, alumina, aluminium, copper, precious gems and minerals and other base metals. Vale operates a large logistics network based in Brazil which includes railroad, maritime terminals and a port.
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Vale competes with metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). This division includes vale's iron ore, iron ore pellet, pig iron, manganese and ferroalloys shipments, with China being its largest consumer with 60% market share. See the top forecasts for the Ferrous Minerals division 2) Nickel division - 15% Nickel is the second most important division for Vale.
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Vale competes with metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). Vale Inco operates two nickel production systems, one in North America and Europe and the other in Asia and the South Pacific.Vale Inco was formed following the acquisition of Inco Limited by Companhia Vale do Rio Doce, formerly called CVRD or Vale for short. See the top forecasts for the flat Nickel division 3) Copper & Other Base Metals division - 6% The copper division consists of Vale's copper, precious gems and metals and cobalt sales.
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Vale competes with metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). Apart from iron ore and nickel, Vale also produces bauxite, alumina, aluminium, copper, precious gems and minerals and other base metals. See the top forecasts for the flat Nickel division 3) Copper & Other Base Metals division - 6% The copper division consists of Vale's copper, precious gems and metals and cobalt sales.
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1759.0
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2011-06-03 00:00:00 UTC
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Key Challenges for Cliffs' Iron Ore Business in N. America
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AA
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https://www.nasdaq.com/articles/key-challenges-cliffs-iron-ore-business-n-america-2011-06-03
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nan
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Cliffs Natural Resources ( CLF ) holds the distinction of being the largest producer of iron ore pellets in North America - a position it reinforced with the acquisition of Consolidated Thompson Iron Mines recently. While it also supplies direct-shipping lump and fines iron ore out of Australia and produces a significant amount of metallurgical coal, the North American iron ore business is undoubtedly the company's mainstay - accounting for almost 60% of Cliffs' value according to our analysis. In this article, we will try to detail the 2 prominent challenges that can significantly reduce the value of Cliffs' iron ore business in North America. Cliffs competes with other international mining and natural resources companies like Vale (NYSE:VALE), BHP Billiton ( BBL ) and Rio Tinto (NYSE:RIO).
We maintain a $103 price estimate for Cliffs Natural Resources stock , a roughly 15% premium to the market price.
Complete Dependence on the Steel Industry
Iron ore pellets produced by Cliffs' North American iron ore division can only be used in manufacturing steel in a blast furnace. As steel demand is heavily influenced by macro-economic factors, a reduction in global demand for steel would necessarily lead to a cut in production as the pellets have no alternate use. This phenomenon was seen during the recent global economic downturn, when iron ore sales for the years 2008 and 2009 fell significantly below their pre-recession levels.
In addition, the recent trend by global steel giants of integrating iron-ore production through acquisitions and joint ventures can negatively affect the iron-ore industry. ArcelorMittal (NYSE:MT), the world's highest producer of steel, is the most prominent example - as it is aggressively pursuing self-sufficiency in iron ore and coal.
Concentration of Customers
The North American iron ore division's revenues are highly dependent on a few customers, ArcelorMittal, Algoma and Severstal together contributing to more than two-thirds of the division's revenues in past years. In fact, each of these customers accounts for more than 10% of Cliff's total revenues. A loss of sales to any of these existing customers could have a substantial negative impact on the division's sales, revenues and profitability - directly reducing Cliffs' value.
ArcelorMittal is the single largest buyer of iron ore and coal from Cliffs. We had talked about how any changes in relation between the 2 companies could impact the company's stock price in our article, A Relationship Between Giants - Cliffs Natural Resources & ArcelorMittal
See our full analysis for Cliffs Natural Resources.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In this article, we will try to detail the 2 prominent challenges that can significantly reduce the value of Cliffs' iron ore business in North America. This phenomenon was seen during the recent global economic downturn, when iron ore sales for the years 2008 and 2009 fell significantly below their pre-recession levels. ArcelorMittal (NYSE:MT), the world's highest producer of steel, is the most prominent example - as it is aggressively pursuing self-sufficiency in iron ore and coal.
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Complete Dependence on the Steel Industry Iron ore pellets produced by Cliffs' North American iron ore division can only be used in manufacturing steel in a blast furnace. Concentration of Customers The North American iron ore division's revenues are highly dependent on a few customers, ArcelorMittal, Algoma and Severstal together contributing to more than two-thirds of the division's revenues in past years. We had talked about how any changes in relation between the 2 companies could impact the company's stock price in our article, A Relationship Between Giants - Cliffs Natural Resources & ArcelorMittal See our full analysis for Cliffs Natural Resources.
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Cliffs Natural Resources ( CLF ) holds the distinction of being the largest producer of iron ore pellets in North America - a position it reinforced with the acquisition of Consolidated Thompson Iron Mines recently. While it also supplies direct-shipping lump and fines iron ore out of Australia and produces a significant amount of metallurgical coal, the North American iron ore business is undoubtedly the company's mainstay - accounting for almost 60% of Cliffs' value according to our analysis. Complete Dependence on the Steel Industry Iron ore pellets produced by Cliffs' North American iron ore division can only be used in manufacturing steel in a blast furnace.
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Complete Dependence on the Steel Industry Iron ore pellets produced by Cliffs' North American iron ore division can only be used in manufacturing steel in a blast furnace. A loss of sales to any of these existing customers could have a substantial negative impact on the division's sales, revenues and profitability - directly reducing Cliffs' value. We had talked about how any changes in relation between the 2 companies could impact the company's stock price in our article, A Relationship Between Giants - Cliffs Natural Resources & ArcelorMittal See our full analysis for Cliffs Natural Resources.
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1760.0
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2011-06-03 00:00:00 UTC
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Coverage Launch – $42 Trefis Price Estimate for Vale
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AA
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https://www.nasdaq.com/articles/coverage-launch-42-trefis-price-estimate-vale-2011-06-03
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Vale (NYSE:VALE) is one of the world's largest mining companies and the world leader in iron ore and iron ore pellets production. Headquartered in Brazil, the company also has access to the world's largest nickel reserves. Apart from iron ore and nickel, Vale also produces bauxite, alumina, aluminium, copper, precious gems and minerals and other base metals. As the largest iron ore producer in the world, investors watch this stock because iron ore demand is a read on emerging markets demand for steel, and hence economic growth, especially for large markets like China. Moreover it is one of the largest stocks in Latin America with a market cap of around $170 billion and so is heavily weighted in Latin American indices and ETFs.
Vale also operates a large logistics network based in Brazil that includes railroad, maritime terminals and a port. Vale's nickel operations are carried out under the name its Vale Inco Limited, which is a wholly owned subsidiary of the group. Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ).
Our price estimate for Vale stands at $42 , which is roughly 30% ahead of market price.
Launch of Coverage on Vale; $42 Price Estimate
We've broken down our analysis of Vale into six main business segments:
1. Ferrous Minerals
2. Nickel
3. Aluminium
4. Copper and Other Base Metals
5. Logistics Services
6. Other Products and Services
Ferrous Minerals Division at a Glance
Revenues from the sales of iron ore, iron ore pellets, pig iron, manganese and ferroalloys are included in the Ferrous Minerals division. The division accounts for approximately 65-70% of the company's revenues and more than 75% of the company's profits. Although these numbers may decline over the next four years, the division will still contribute close to 65% of the company's profits. The company has long-term contracts with iron and steel manufacturers worldwide, safeguarding its production and mining activities.
Mining Companies are Bullish on the Emerging Markets
Iron ore is the principal raw material in the production of steel. The global steel production industry has grown substantially in the last decade on the back of the rapidly growing infrastructure needs of developing countries in places like China and India. In 2007, approximately 61% of the steel demand came from developing markets, and we expect these markets to account for 72% of demand by 2012. For other base metals like copper, the demand outlook is similar. Copper demand in India is expected to rise by 6% in 2011. The overall demand in other parts of Asia is also expected to increase considerably.
Over Supply of Iron Ore May Adversely Affect the Company
As major iron ore producers ramp up production worldwide, the expected focus on increasing iron ore self-sufficiency by China (the world's largest consumer of iron ore) will most likely lead to oversupply in theglobal market
An oversupply scenario may force the companies to reduce their production levels, adversely affecting the iron ore shipments. This oversupply predicted in 2012 will also lead to a considerable fall in average realized iron ore price, which has happened in the past.
Nonetheless, we account for this in our model and still see value in the shares based on the underlying demand drivers.
See our full analysis for Vale's stock here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). Apart from iron ore and nickel, Vale also produces bauxite, alumina, aluminium, copper, precious gems and minerals and other base metals. Mining Companies are Bullish on the Emerging Markets Iron ore is the principal raw material in the production of steel.
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Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). Vale (NYSE:VALE) is one of the world's largest mining companies and the world leader in iron ore and iron ore pellets production. As the largest iron ore producer in the world, investors watch this stock because iron ore demand is a read on emerging markets demand for steel, and hence economic growth, especially for large markets like China.
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Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). Vale (NYSE:VALE) is one of the world's largest mining companies and the world leader in iron ore and iron ore pellets production. As the largest iron ore producer in the world, investors watch this stock because iron ore demand is a read on emerging markets demand for steel, and hence economic growth, especially for large markets like China.
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Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). Apart from iron ore and nickel, Vale also produces bauxite, alumina, aluminium, copper, precious gems and minerals and other base metals. Other Products and Services Ferrous Minerals Division at a Glance Revenues from the sales of iron ore, iron ore pellets, pig iron, manganese and ferroalloys are included in the Ferrous Minerals division.
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1761.0
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2011-06-03 00:00:00 UTC
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Kokerei Prosper Adds to ArcelorMittal's European Arsenal
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AA
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https://www.nasdaq.com/articles/kokerei-prosper-adds-arcelormittals-european-arsenal-2011-06-03
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ArcelorMittal (NYSE:MT) was recently cleared by the European Union ( EU ) to buy Kokerei Prosper, the German coke producer. The European Commission stated that the deal does not significantly affect the competitiveness of the steel industry incumbents in the region in the medium-term and so could proceed. ArcelorMittal remains keenly focused on profitability pushing to reduce costs by achieving greater self-sufficiency in steel manufacturing input materials - namely iron ore and coking coal - and this clearance takes it one step closer to its goal. ArcelorMittal, formed in 2006 by the merger of two steel giants (Arcelor and Mittal), is by far the largest producer of steel in the world and competes with other international steel companies like BaoSteel, POSCO (NYSE:PKX), Nippon Steel, Tata Steel and U.S. Steel (NYSE:X).
Our price estimate for Arcelor Mittal stands at $41.15 , implying an over 20% premium to market price.
The motivation behind the deal…
ArcelorMittal announced its decision to acquire Kokerei Prosper from RAG Aktiengensellschaft in late November 2010. The deal was expected to complete in the first quarter of 2011, but delays pushed the actual transfer date to 1st June 2011. The Prosper plant can produce 2 million tonnes of coke annually, and will ensure "high quality, safe and sustainable supply of coke" to ArcelorMittal Bremen - a German subsidiary of the steel giant and a part of its Flat Carbon Europe division.
ArcelorMittal has been concentrating on reducing its input costs - a move triggered by the fact that prices of metallurgical coal prices have more than tripled since 2004.
… and will help improve margins
As ArcelorMittal moves steadily towards self-sufficiency in iron ore and coke, the company's margins are also set to improve at a similar rate. The addition of Kokerei Prosper to its portfolio will push margins for the company's Flat Carbon Europe division higher - representing an upside to our $41.15 price estimate for the company's stock.
Improving margins have an amplified impact on ArcelorMittal's share price. For instance, a 2% improvement in margins from our current estimates would mean a 6% upside to our price estimate.
See our full analysis for ArcelorMittal
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ArcelorMittal (NYSE:MT) was recently cleared by the European Union ( EU ) to buy Kokerei Prosper, the German coke producer. The European Commission stated that the deal does not significantly affect the competitiveness of the steel industry incumbents in the region in the medium-term and so could proceed. ArcelorMittal remains keenly focused on profitability pushing to reduce costs by achieving greater self-sufficiency in steel manufacturing input materials - namely iron ore and coking coal - and this clearance takes it one step closer to its goal.
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ArcelorMittal remains keenly focused on profitability pushing to reduce costs by achieving greater self-sufficiency in steel manufacturing input materials - namely iron ore and coking coal - and this clearance takes it one step closer to its goal. … and will help improve margins As ArcelorMittal moves steadily towards self-sufficiency in iron ore and coke, the company's margins are also set to improve at a similar rate. The addition of Kokerei Prosper to its portfolio will push margins for the company's Flat Carbon Europe division higher - representing an upside to our $41.15 price estimate for the company's stock.
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ArcelorMittal, formed in 2006 by the merger of two steel giants (Arcelor and Mittal), is by far the largest producer of steel in the world and competes with other international steel companies like BaoSteel, POSCO (NYSE:PKX), Nippon Steel, Tata Steel and U.S. Steel (NYSE:X). The Prosper plant can produce 2 million tonnes of coke annually, and will ensure "high quality, safe and sustainable supply of coke" to ArcelorMittal Bremen - a German subsidiary of the steel giant and a part of its Flat Carbon Europe division. The addition of Kokerei Prosper to its portfolio will push margins for the company's Flat Carbon Europe division higher - representing an upside to our $41.15 price estimate for the company's stock.
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ArcelorMittal, formed in 2006 by the merger of two steel giants (Arcelor and Mittal), is by far the largest producer of steel in the world and competes with other international steel companies like BaoSteel, POSCO (NYSE:PKX), Nippon Steel, Tata Steel and U.S. Steel (NYSE:X). … and will help improve margins As ArcelorMittal moves steadily towards self-sufficiency in iron ore and coke, the company's margins are also set to improve at a similar rate. For instance, a 2% improvement in margins from our current estimates would mean a 6% upside to our price estimate.
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1762.0
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2011-06-03 00:00:00 UTC
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Trefis Top 5 – June 2 Insights (VALE, SIRI, GM, NFLX, BP)
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AA
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https://www.nasdaq.com/articles/trefis-top-5-june-2-insights-vale-siri-gm-nflx-bp-2011-06-03
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In today's article roundup we highlight our coverage launch for Brazilian mining giant Vale (NYSE:VALE). As the largest iron ore producer in the world, investors watch this stock because iron ore is a read on emerging markets demand for steel, and hence growth, especially for large markets like China. We also look at Sirius XM Radio's (NASDAQ:SIRI) agreement with Hyundai for a 3-month introductory subscription for N. American customers. GM ( GM ) reported solid Q1 results, and we assess the drivers to its N. America business. We explore why high flying Netflix (NASDAQ:NFLX) is investing heavily in its marketing efforts to grow its subscribers base, which we think is unlikely to meet the market's expectations. Finally we note that BP ( BP ) is close to hitting its $30 billion divestment targets it set to cover the costs of the Gulf of Mexico oil spill.
Coverage Launch - $42 Trefis Price Estimate for Vale
Vale (NYSE:VALE) is one of the world's largest mining companies and the world leader in iron ore and iron ore pellets production. Headquartered in Brazil, the company also has access to the world's largest nickel reserves. Apart from iron ore and nickel, Vale also produces bauxite, alumina, aluminium, copper, precious gems and minerals and other base metals. Vale operates a large logistics network based in Brazil that includes railroad, maritime terminals and a port. Vale's nickel operations are carried out under the name its Vale Inco Limited, which is a wholly owned subsidiary of the group. Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ).
See article
How Much Does Hyundai Partnership Add to Sirius XM Stock?
Sirius XM Radio (NASDAQ:SIRI) recently announced its alliance with Hyundai (SEO:005380) Motor America wherein consumers across the United States will receive a 3-month introductory subscription to XM when they purchase Hyundai Certified Pre-Owned vehicles equipped with XM. We believe that this will help Sirius expand its automotive subscriber base and add significant upside to its stock value. Sirius is a satellite radio company in United States and is mainly distributed through automakers and retail locations as well as through Sirius' own website. Sirius XM has ties with major automobile manufacturers such as Ford ( F ), GM ( GM ) and Toyota (NYSE:TM), which help drive its presence in the U.S. automobile space.
See article
Factors Underlying GM's Revenue Growth in North America
GM ( GM ) reported a 15% year-on-year increase in total revenues for Q1 2011. GM's North America (NA) operations is the largest contributor to its total revenues, accounting for almost 60% in Q1. In this article we take a look at major trends that emerged in the past quarter that affect revenue generation in North America. GM competes with other global automakers like Ford ( F ), Daimler AG (NYSE:DAI), Honda (NYSE:HMC), Toyota (NYSE:TM), Hyundai (SEO:005380) and Nissan (NSANY).
See article
Maintaining Subscriber Growth Will Be A Challenge for Netflix
Netflix (NASDAQ:NFLX) added 3.3 million net subscribers for Q1 2011, up by 94% compared to same period last year, marking its highest growth rate so far. The growth mainly came from the marketing efforts taken up by Netflix for which it incurred a whopping $104 million, an increase of 39% from last quarter. The rising advertising and marketing expenses clearly suggests that Netflix is striving to maintain its turf in a competitive landscape with players like Apple's (AAPL) iTunes, Hulu, video on demand (VoD) providers like Comcast (CMCSA) and Time Warner Cable (NYSE:TWC) and Google (NASDAQ:GOOG). We believe that continuously updating content will be crucial for Netflix to maintain its subscriber growth rate.
See article
BP Poised to Reach $30 Billion Divestment Target in 2011
BP ( BP ) has successfully managed the unwanted challenge of raising $30 billion through divestments in the current year. The third largest of the six oil & gas 'supermajors' set a difficult goal to raise enough cash to cover all expected costs as a result of the Gulf of Mexico oil spill. The company estimates costs will exceed $40 billion due to the world's biggest oil spill to date. BP competes with other oil & gas heavy-weights including Exxon Mobil (NYSE:XOM), Royal Dutch Shell (NYSE:RDS.B), Chesapeake (CHK), Anadarko (APC) and Chevron (CVX).
See article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The rising advertising and marketing expenses clearly suggests that Netflix is striving to maintain its turf in a competitive landscape with players like Apple's (AAPL) iTunes, Hulu, video on demand (VoD) providers like Comcast (CMCSA) and Time Warner Cable (NYSE:TWC) and Google (NASDAQ:GOOG). Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). Apart from iron ore and nickel, Vale also produces bauxite, alumina, aluminium, copper, precious gems and minerals and other base metals.
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Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). The rising advertising and marketing expenses clearly suggests that Netflix is striving to maintain its turf in a competitive landscape with players like Apple's (AAPL) iTunes, Hulu, video on demand (VoD) providers like Comcast (CMCSA) and Time Warner Cable (NYSE:TWC) and Google (NASDAQ:GOOG). Finally we note that BP ( BP ) is close to hitting its $30 billion divestment targets it set to cover the costs of the Gulf of Mexico oil spill.
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Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). The rising advertising and marketing expenses clearly suggests that Netflix is striving to maintain its turf in a competitive landscape with players like Apple's (AAPL) iTunes, Hulu, video on demand (VoD) providers like Comcast (CMCSA) and Time Warner Cable (NYSE:TWC) and Google (NASDAQ:GOOG). Coverage Launch - $42 Trefis Price Estimate for Vale Vale (NYSE:VALE) is one of the world's largest mining companies and the world leader in iron ore and iron ore pellets production.
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Vale competes with other metals and mining giants like Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Alcoa ( AA ). The rising advertising and marketing expenses clearly suggests that Netflix is striving to maintain its turf in a competitive landscape with players like Apple's (AAPL) iTunes, Hulu, video on demand (VoD) providers like Comcast (CMCSA) and Time Warner Cable (NYSE:TWC) and Google (NASDAQ:GOOG). Coverage Launch - $42 Trefis Price Estimate for Vale Vale (NYSE:VALE) is one of the world's largest mining companies and the world leader in iron ore and iron ore pellets production.
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1763.0
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2011-06-02 00:00:00 UTC
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ArcelorMittal's Announced Strong Start to 2011 & Signals More to Come
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https://www.nasdaq.com/articles/arcelormittals-announced-strong-start-2011-signals-more-come-2011-06-02
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nan
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ArcelorMittal (NYSE:MT) announced its performance results for Q1 2011 some time ago, and there has been a marked improvement for the company since Q4 2010. The company turned its $780 million loss in Q4 2010 into a $1.07 billion profit for this quarter. A significant portion of last year's loss is due to the stainless steel business which was spun-off by the company as Aperam earlier in the year. Formed by the merger of two steel giants, Arcelor and Mittal in 2006, ArcelorMittal is currently the largest steel manufacturer in the world. The company competes with other international steel giants like BaoSteel, Posco (NYSE:PKX), Nippon Steel and ThyssenKrupp.
Our price estimate for Arcelor Mittal stands at $41.15 , at a 10-15% premium to the market price.
The global demand for steel is getting back on track…
ArcelorMittal reported a 75% capacity utilization in Q1 2011, and the company anticipates a further increase in the utilized capacity to 80% in the next quarter. This clearly points toward recovering demand for steel across the world after global steel demand sank following the 2008 economic recession.
The company's sales figures in Europe have improved the most with the Flat Carbon Europe division reporting shipments of 7.4 million tonnes of steel in the quarter - an 8% improvement over the number a year ago and 12% higher than the 6.6 million metric tonnes in the previous quarter.
The average price of flat-carbon steel sold in Europe has also reached highs of $928 per tonne in this quarter. The combined effect of these 2 factors is what generated $7.8 billion in revenue for ArcelorMittal.
.. and has really grown its mining activities
ArcelorMittal's focus on raw materials self-sufficiency has led to extensive investment in iron-ore and coal mining operations. Quite recently, the company announced a CAD 2.1 billion ($2.15 billion) investment in a Canadian mining complex.
The scale of operations have grown so large, that the profit contribution from mining operations will henceforth be reported separately from the core steel business. We will also incorporate this newly formed division as a separate business division in our analysis soon.
See our full analysis for ArcelorMittal
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ArcelorMittal (NYSE:MT) announced its performance results for Q1 2011 some time ago, and there has been a marked improvement for the company since Q4 2010. The company's sales figures in Europe have improved the most with the Flat Carbon Europe division reporting shipments of 7.4 million tonnes of steel in the quarter - an 8% improvement over the number a year ago and 12% higher than the 6.6 million metric tonnes in the previous quarter. The average price of flat-carbon steel sold in Europe has also reached highs of $928 per tonne in this quarter.
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The company's sales figures in Europe have improved the most with the Flat Carbon Europe division reporting shipments of 7.4 million tonnes of steel in the quarter - an 8% improvement over the number a year ago and 12% higher than the 6.6 million metric tonnes in the previous quarter. See our full analysis for ArcelorMittal The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Formed by the merger of two steel giants, Arcelor and Mittal in 2006, ArcelorMittal is currently the largest steel manufacturer in the world. The global demand for steel is getting back on track… ArcelorMittal reported a 75% capacity utilization in Q1 2011, and the company anticipates a further increase in the utilized capacity to 80% in the next quarter. The company's sales figures in Europe have improved the most with the Flat Carbon Europe division reporting shipments of 7.4 million tonnes of steel in the quarter - an 8% improvement over the number a year ago and 12% higher than the 6.6 million metric tonnes in the previous quarter.
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The company turned its $780 million loss in Q4 2010 into a $1.07 billion profit for this quarter. Formed by the merger of two steel giants, Arcelor and Mittal in 2006, ArcelorMittal is currently the largest steel manufacturer in the world. The company's sales figures in Europe have improved the most with the Flat Carbon Europe division reporting shipments of 7.4 million tonnes of steel in the quarter - an 8% improvement over the number a year ago and 12% higher than the 6.6 million metric tonnes in the previous quarter.
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1764.0
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2011-06-02 00:00:00 UTC
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Top 4 Sources of Value for ArcelorMittal
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AA
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https://www.nasdaq.com/articles/top-4-sources-value-arcelormittal-2011-06-02
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nan
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ArcelorMittal (NYSE:MT) is by far the largest producer of steel in the world. Formed in 2006 by the merger of two steel giants Arcelor and Mittal, the company produces over 100 million metric tons of steel annually and has operations in 20 countries on four continents. To give an idea of the company's size, its steel output in recent years has been higher than the combined output of all three of its biggest competitors - BaoSteel, POSCO (NYSE:PKX) and Nippon Steel. ArcelorMittal also competes with other international steel companies like Tata Steel and U.S. Steel (NYSE:X).
We currently have a $41.15 price estimate for ArcelorMittal's stock , implying about a 15% premium to the market price.
ArcelorMittal continues to add value by increasing self-sufficiency and producing more of its iron ore and coal requirements in house. Below, we take a look at 4 key sources of income which contribute to ArcelorMittal's' stock value.
1) Long Carbon Steel Americas and Europe division - represents 29% of the company's stock value
This division is responsible for the production of tubular steel and long steel structures. The company has 15 production facilities in the Americas that are integrated and mini-mill sites located in 6 countries while in Europe production facilities are located at 17 integrated and mini-mill sites in 9 countries. In 2010, shipments from the long carbon Americas and Europe division totaled approximately 23 million tonnes.
See the top forecasts for the long carbon steel Americas and Europe division
2) Flat Carbon Steel Europe division - 25%
Flat rolled products refer to the steel sheets and plates that are made by rolling processes. The production facilities for this division are located at 15 integrated and mini-mill sites located in six countries. In 2010, shipments from the flat carbon Europe division totaled 28 million tonnes.
See the top forecasts for the flat carbon steel Europe division
3) Flat Carbon Steel Americas division - 23%
The various categories of the flat rolled products include hot rolled sheets, cold rolled sheets, coated sheets, semi-finished bars and plates and tin mill products. This division has production facilities at 8 integrated and mini-mill sites located in 4 countries. In 2010, shipments from the flat carbon Americas division totaled 21 million tonnes.
See the top forecasts for the flat carbon steel Americas division
4) Asia, Africa & CIS Steel division - 19%
ArcelorMittal's AACIS flat rolled and tubular products division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in Asia, Africa and the Commonwealth of Independent States ( CIS ). The division has 6 flat and long production facilities in 3 countries and shipped approximately 13 million tonnes of steel in 2010.
See the top forecasts for the Asia, Africa & CIS steel division
See our full analysis for ArcelorMittal
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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See the top forecasts for the flat carbon steel Americas division 4) Asia, Africa & CIS Steel division - 19% ArcelorMittal's AACIS flat rolled and tubular products division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in Asia, Africa and the Commonwealth of Independent States ( CIS ). ArcelorMittal continues to add value by increasing self-sufficiency and producing more of its iron ore and coal requirements in house. In 2010, shipments from the long carbon Americas and Europe division totaled approximately 23 million tonnes.
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See the top forecasts for the flat carbon steel Americas division 4) Asia, Africa & CIS Steel division - 19% ArcelorMittal's AACIS flat rolled and tubular products division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in Asia, Africa and the Commonwealth of Independent States ( CIS ). See the top forecasts for the long carbon steel Americas and Europe division 2) Flat Carbon Steel Europe division - 25% Flat rolled products refer to the steel sheets and plates that are made by rolling processes. See the top forecasts for the flat carbon steel Europe division 3) Flat Carbon Steel Americas division - 23% The various categories of the flat rolled products include hot rolled sheets, cold rolled sheets, coated sheets, semi-finished bars and plates and tin mill products.
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See the top forecasts for the flat carbon steel Americas division 4) Asia, Africa & CIS Steel division - 19% ArcelorMittal's AACIS flat rolled and tubular products division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in Asia, Africa and the Commonwealth of Independent States ( CIS ). See the top forecasts for the long carbon steel Americas and Europe division 2) Flat Carbon Steel Europe division - 25% Flat rolled products refer to the steel sheets and plates that are made by rolling processes. See the top forecasts for the flat carbon steel Europe division 3) Flat Carbon Steel Americas division - 23% The various categories of the flat rolled products include hot rolled sheets, cold rolled sheets, coated sheets, semi-finished bars and plates and tin mill products.
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See the top forecasts for the flat carbon steel Americas division 4) Asia, Africa & CIS Steel division - 19% ArcelorMittal's AACIS flat rolled and tubular products division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in Asia, Africa and the Commonwealth of Independent States ( CIS ). ArcelorMittal also competes with other international steel companies like Tata Steel and U.S. Steel (NYSE:X). 1) Long Carbon Steel Americas and Europe division - represents 29% of the company's stock value This division is responsible for the production of tubular steel and long steel structures.
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1765.0
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2011-05-26 00:00:00 UTC
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3 Key Sources of Value for U.S. Steel's stock
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AA
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https://www.nasdaq.com/articles/3-key-sources-value-us-steels-stock-2011-05-26
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nan
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nan
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U.S. Steel (NYSE:X) is an integrated steel producer of flat-rolled and tubular products with major production operations in North America and Europe. Despite the company's annual raw steel production capability of 31.7 million tons, it has been unable to capitalize on the recovery in the global steel industry and reported a loss in the last quarter. U.S. Steel is the 10th largest steel company in the world and competes with international steel giants like ArcelorMittal (NYSE:MT), BaoSteel, Posco (NYSE:PKX), Nippon Steel and ThyssenKrupp.
Our price estimate for U.S.Steel stands at $53.36 , implying a premium to market price. Below, we highlight the 3 business segments for U.S. Steel that contribute most to its stock value.
1) U.S. Flat-Rolled Steel Business - represents 41% of the company's stock value
Flat-rolled products refer to the steel sheets and plates that are made by rolling processes. The various categories of flat-rolled products include hot rolled sheets, cold rolled sheets, coated sheets, semi-finished bars and plates, and tin-mill products.
This division represents sales to North American customers in the service center, conversion, transportation, construction, container and appliance & electrical markets.
See the top forecasts for the U.S. flat-rolled steel business
2) U.S. Tubular Steel Business - 32%
Tubular products refer to the steel pipes made using flat-rolled steel. The various categories of the flat rolled products include seamless and electric resistance welded steel casing and tubing (commonly known as oil country tubular goods or OCTG), standard and line pipe and mechanical tubing.
This division represents sales to North American customers primarily in the oil, gas and petrochemical markets
See the top forecasts for the U.S. tubular steel business
3) European Flat-Rolled & Tubular Steel Business - 26%
This division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in the European markets. The segment produces and sells slabs, sheet, strip mill plate, tin-mill products and spiral welded pipe, as well as heating radiators and refractory ceramic materials.
See the top forecasts for the European flat-rolled & tubular steel business
See our full analysis for U.S. Steel
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This division represents sales to North American customers in the service center, conversion, transportation, construction, container and appliance & electrical markets. This division represents sales to North American customers primarily in the oil, gas and petrochemical markets See the top forecasts for the U.S. tubular steel business 3) European Flat-Rolled & Tubular Steel Business - 26% This division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in the European markets. The segment produces and sells slabs, sheet, strip mill plate, tin-mill products and spiral welded pipe, as well as heating radiators and refractory ceramic materials.
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1) U.S. Flat-Rolled Steel Business - represents 41% of the company's stock value Flat-rolled products refer to the steel sheets and plates that are made by rolling processes. See the top forecasts for the U.S. flat-rolled steel business 2) U.S. Tubular Steel Business - 32% Tubular products refer to the steel pipes made using flat-rolled steel. This division represents sales to North American customers primarily in the oil, gas and petrochemical markets See the top forecasts for the U.S. tubular steel business 3) European Flat-Rolled & Tubular Steel Business - 26% This division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in the European markets.
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1) U.S. Flat-Rolled Steel Business - represents 41% of the company's stock value Flat-rolled products refer to the steel sheets and plates that are made by rolling processes. See the top forecasts for the U.S. flat-rolled steel business 2) U.S. Tubular Steel Business - 32% Tubular products refer to the steel pipes made using flat-rolled steel. This division represents sales to North American customers primarily in the oil, gas and petrochemical markets See the top forecasts for the U.S. tubular steel business 3) European Flat-Rolled & Tubular Steel Business - 26% This division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in the European markets.
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The various categories of flat-rolled products include hot rolled sheets, cold rolled sheets, coated sheets, semi-finished bars and plates, and tin-mill products. See the top forecasts for the U.S. flat-rolled steel business 2) U.S. Tubular Steel Business - 32% Tubular products refer to the steel pipes made using flat-rolled steel. This division represents sales to North American customers primarily in the oil, gas and petrochemical markets See the top forecasts for the U.S. tubular steel business 3) European Flat-Rolled & Tubular Steel Business - 26% This division includes steel sheets and plates as well as tubular items like pipes that are made by rolling processes and are sold in the European markets.
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1766.0
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2011-05-25 00:00:00 UTC
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Trefis Morning Coffee – Sprint, Alcoa & Starbucks
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AA
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https://www.nasdaq.com/articles/trefis-morning-coffee-sprint-alcoa-starbucks-2011-05-25
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nan
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nan
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Jumping right into telecom this morning… Check out our full breakdown of Sprint Nextel's (NYSE:S) stock value as the company takes on heightened competition from Verizon (NYSE:VZ) in the high-speed 4G market. Shifting gears to the natural resources industry, we present our outlook for Alcoa's ( AA ) primary metals shipments.
Today's quiz features Starbucks (NASDAQ:SBUX). Does Starbucks currently have more company-owned or franchised stores? Find out by clicking an answer below.
Sprint Nextel - Company of the Day
Verizon seems to have caught up with Sprint in terms of 4G expansion and could zoom ahead in the coming months. Sprint's early-adopter advantage is being challenged, and the spotlight will be on Sprint's response. LTE is generally considered superior to WiMax and so a gap in 4G coverage between Verizon and Sprint could cast doubt on Sprint's 4G strategy.
See our complete analysis for Sprint Nextel stock
Alcoa - Forecast of the Day
Alcoa recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020. If shipment figures also grow at the demand growth rate of 6.5% annually, then the primary metals division would ship-out more than 5.5 million tonnes over the next 5 years from its current level of just under 4 million tonnes.
See our complete analysis for Alcoa stock
Starbucks - Quiz of the Day
Does Starbucks currently have more company-owned or franchised stores?
Company-Owned
Franchised
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shifting gears to the natural resources industry, we present our outlook for Alcoa's ( AA ) primary metals shipments. See our complete analysis for Sprint Nextel stock Alcoa - Forecast of the Day Alcoa recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020. If shipment figures also grow at the demand growth rate of 6.5% annually, then the primary metals division would ship-out more than 5.5 million tonnes over the next 5 years from its current level of just under 4 million tonnes.
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Shifting gears to the natural resources industry, we present our outlook for Alcoa's ( AA ) primary metals shipments. See our complete analysis for Sprint Nextel stock Alcoa - Forecast of the Day Alcoa recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020. See our complete analysis for Alcoa stock Starbucks - Quiz of the Day Does Starbucks currently have more company-owned or franchised stores?
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Shifting gears to the natural resources industry, we present our outlook for Alcoa's ( AA ) primary metals shipments. See our complete analysis for Sprint Nextel stock Alcoa - Forecast of the Day Alcoa recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020. See our complete analysis for Alcoa stock Starbucks - Quiz of the Day Does Starbucks currently have more company-owned or franchised stores?
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Shifting gears to the natural resources industry, we present our outlook for Alcoa's ( AA ) primary metals shipments. Sprint Nextel - Company of the Day Verizon seems to have caught up with Sprint in terms of 4G expansion and could zoom ahead in the coming months. See our complete analysis for Alcoa stock Starbucks - Quiz of the Day Does Starbucks currently have more company-owned or franchised stores?
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1767.0
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2011-05-25 00:00:00 UTC
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Alcoa's Growth Estimates for Aluminum Justify Additional Upside
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AA
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https://www.nasdaq.com/articles/alcoas-growth-estimates-aluminum-justify-additional-upside-2011-05-25
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nan
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nan
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Alcoa ( AA ) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 levels by 2020. This is based on the company's forecast that aluminum demand will grow at a compounded average growth rate of 6.5% annually.
Here we look at the key trends that lend support to these growth estimates by the world leader in the production and management of primary aluminum, fabricated aluminum and alumina. We highlight that if growth estimates indeed surpass our base line forecasts, we see upside to our $18.55 price estimate for Alcoa and would imply a near 30% potential total return. Alcoa competes with other international metals and mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton ( BHP ) and Chalco ( ACH ).
Rising Demand for Aluminum Driven by …
Aluminum is lightweight and using it in automobiles can help reduce vehicle weight and hence improve fuel efficiency. Moreover, lighter automobiles also mean lower emissions. The use of one kilogram of aluminum replacing heavier materials in a car or light truck can save a net 20 kg of CO2 over the life of the vehicle. Rising fuel prices and stringent environmental laws are expected to increase demand for aluminum as a replacement for iron.
The unique characteristics of aluminum being malleable and ductile helps in the fabrication, storage and distribution of retail products. Moreover, the fact that aluminum is readily recycled makes it a natural choice for making cans. The demand for aluminum from the packaging industry is already on the rise. You can read more about this in our article, Good Things Come in Aluminum Packages for Alcoa .
Aluminum is durable and its corrosion resistance ensures lower maintenance costs. As as result, the construction industry is finding more uses for aluminum with the growing need for "efficient infrastructure".
… and Alcoa is Ready to Make the Most of This Trend
In our Alcoa analysis, we project a 2% growth in the company's shipments of aluminum.
However, if the shipment figures also grow at the demand growth rate of 6.5% annually, then the primary metals division would ship more than 5.5 million tonnes over the next 5 years from its current level of just under than 4 million tonnes. This scenario represents a 12% upside to our $18.55 price estimate and near 30% total potential upside.
See our full analysis for Alcoa.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 levels by 2020. The use of one kilogram of aluminum replacing heavier materials in a car or light truck can save a net 20 kg of CO2 over the life of the vehicle. Rising fuel prices and stringent environmental laws are expected to increase demand for aluminum as a replacement for iron.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa ( AA ) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 levels by 2020. However, if the shipment figures also grow at the demand growth rate of 6.5% annually, then the primary metals division would ship more than 5.5 million tonnes over the next 5 years from its current level of just under than 4 million tonnes.
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Alcoa ( AA ) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 levels by 2020. Here we look at the key trends that lend support to these growth estimates by the world leader in the production and management of primary aluminum, fabricated aluminum and alumina. Rising Demand for Aluminum Driven by … Aluminum is lightweight and using it in automobiles can help reduce vehicle weight and hence improve fuel efficiency.
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Alcoa ( AA ) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 levels by 2020. Rising Demand for Aluminum Driven by … Aluminum is lightweight and using it in automobiles can help reduce vehicle weight and hence improve fuel efficiency. The demand for aluminum from the packaging industry is already on the rise.
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1768.0
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2011-05-24 00:00:00 UTC
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The 4 Sources of Value for Alcoa's Stock
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AA
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https://www.nasdaq.com/articles/4-sources-value-alcoas-stock-2011-05-24
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nan
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nan
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Alcoa ( AA ) has been in the news quite a lot in the recent past. Early this month, there were rumors of a possible $25 billion takeover of Alcoa by its competitor Rio Tinto (NYSE:RIO). The rumors were silenced within a few days with Rio denying any such development. More recently, the company announced that it has surpassed its 2020 carbon reduction target, a significant achievement. The company competes with other international metals and mining giants like Rusal, BHP Billiton ( BHP ) and Chalco ( ACH ).
Our analysis of the company estimates its value at around $21.3 billion, or $18.55 a share - implying a premium to market price. Below, we list the sources of this value for Alcoa.
The 4 Drivers to the Stock
1) Primary Metals - represents 36% of the company's stock value
The primary metals segment consists of Alcoa's worldwide smelter system. Primary metals receives alumina primarily from the alumina segment. The results from the sale of aluminum powder, scrap and excess power are also included in this segment, and so are the results of aluminum derivative contracts.
See the top forecasts for the primary metals segment
2) Alumina - 23%
The alumina segment consists of Alcoa's worldwide alumina system. This includes the mining of bauxite, which is then refined into alumina.
See the top forecasts for the alumina segment
3) Engineered Products - 22%
The engineered products segment includes titanium, aluminum and super alloy investment castings; forgings and fasteners; aluminum wheels; integrated aluminum structural systems; and architectural extrusions used in the aerospace, automotive, construction, commercial transportation and power generation markets.
See the top forecasts for the engineered products segment
4) Flat Rolled Products - 19%
The flat rolled products segment is responsible for the production and sale of aluminum plate, sheet and foil. This segment includes the production of rigid container sheet, as well as sheets and plates used in the transportation, construction and distribution markets.
See the top forecasts for the flat rolled products segment
See our full analysis for Alcoa here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) has been in the news quite a lot in the recent past. More recently, the company announced that it has surpassed its 2020 carbon reduction target, a significant achievement. Our analysis of the company estimates its value at around $21.3 billion, or $18.55 a share - implying a premium to market price.
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Alcoa ( AA ) has been in the news quite a lot in the recent past. See the top forecasts for the primary metals segment 2) Alumina - 23% The alumina segment consists of Alcoa's worldwide alumina system. See the top forecasts for the alumina segment 3) Engineered Products - 22% The engineered products segment includes titanium, aluminum and super alloy investment castings; forgings and fasteners; aluminum wheels; integrated aluminum structural systems; and architectural extrusions used in the aerospace, automotive, construction, commercial transportation and power generation markets.
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Alcoa ( AA ) has been in the news quite a lot in the recent past. See the top forecasts for the primary metals segment 2) Alumina - 23% The alumina segment consists of Alcoa's worldwide alumina system. See the top forecasts for the alumina segment 3) Engineered Products - 22% The engineered products segment includes titanium, aluminum and super alloy investment castings; forgings and fasteners; aluminum wheels; integrated aluminum structural systems; and architectural extrusions used in the aerospace, automotive, construction, commercial transportation and power generation markets.
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Alcoa ( AA ) has been in the news quite a lot in the recent past. See the top forecasts for the primary metals segment 2) Alumina - 23% The alumina segment consists of Alcoa's worldwide alumina system. See the top forecasts for the alumina segment 3) Engineered Products - 22% The engineered products segment includes titanium, aluminum and super alloy investment castings; forgings and fasteners; aluminum wheels; integrated aluminum structural systems; and architectural extrusions used in the aerospace, automotive, construction, commercial transportation and power generation markets.
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1769.0
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2011-05-24 00:00:00 UTC
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Trefis Top 5 – May 24 Insights (CRM, AA, DISH, XOM, AMZN)
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AA
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https://www.nasdaq.com/articles/trefis-top-5-may-24-insights-crm-aa-dish-xom-amzn-2011-05-24
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nan
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nan
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Today we wrote on Salesforce.com's ( CRM ) Q1 results and the raised guidance management provided based on momentum in subscriber growth. We also wrote on Exxon Mobil's (NYSE:XOM) outlook and what key trends will impact the energy sector in the years to come. We look at Dish Network's ( DISH ) Blockbuster promotional where it offers 3 months free DVD's by mail for new subscribers. In metals and mining, Alcoa ( AA ) is confident that global growth will boost aluminum demand. Finally we peek at Amazon's ( AMZN ) motivations to push ahead with a tablet and take on Apple's ( AAPL ) iPad.
Salesforce.com Raises Guidance on Growth in Customer Base
Salesforce.com ( CRM ) recently announced its fiscal year Q1 2012 earnings in which it raised its revenue forecast range to $2.15-2.17 billion for the full fiscal year 2012 The company mentioned in its conference call that faster growth in customer additions is responsible for the revised outlook. Salesforce.com had net addition of 5,400 customers in the last quarter taking the total paying customer count to 97,700, which is an important metric for for the company as it competes with much larger tech firms like SAP (NYSE:SAP), Oracle (NASDAQ:ORCL), Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM) in this market.
See article
Key Trends Impacting Exxon Mobil
Exxon Mobil (NYSE:XOM) holds the view that the demand for nuclear energy in the years to come will not be adversely affected by the Fukushima nuclear disaster in Japan. The company believes that nuclear energy will account for 8% of the global energy supply by 2030, up from the 5% it constituted in 2005. The same report also reveals that Exxon expects the demand for oil to increase by about 20% from its 2005 levels in 2030, with natural gas demand increasing by 60% over the same period. Exxon is the world's largest independent oil and gas exploration and production company and competes with other industry giants like BP (BP), Chesapeake (CHK), Anadarko (APC), ConocoPhillips (COP) and Chevron (CVX).
See article
Dish Aiming for New Subscribers with Blockbuster Promotion
Dish Network ( DISH ) has launched a new promotion where it is offers 3-months of free Blockbuster DVD-by-mail service to new Dish customers. We have a couple of observations on this promotion. Firstly, Dish Network's prime concern is its pay-TV business and in the past Dish has pushed promotions to gain subscribers as it has wrangles with competitors like DirecTV (DTV) as well as cable providers like Comcast (CMCSA) and Time Warner Cable. Secondly, Dish has struggled to gain and retain subscribers in the recent past and so its ability to convert these new customers into paying for Blockbuster services after the promotion is unclear.
See article
Justifying Alcoa's Aluminum Growth Estimates
Alcoa ( AA ) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020. This is based on the company's forecast that aluminum demand will grow at a compound average rate of 6.5% annually. Here we look at the key trends that lend support to these growth estimates by the world leader in production and management of primary aluminum, fabricated aluminum and alumina. Alcoa competes with other international metals and mining giants like Rusal, Rio Tinto (NYSE:RIO), BHP Billiton (BHP) and Chalco (ACH).
See article
Why it Makes Sense for Amazon to Make a Tablet
Speculation is rife that Amazon ( AMZN ) could soon launch its own tablet to rival Google's (NASDAQ:GOOG) Android based tablets and Apple's ( AAPL ) iPad. Such a device will provide Amazon with a single platform to package its spate of recent product and service launches, such as the Android app store, Cloud Drive, Cloud Player, the Amazon music store, a new streaming movie and TV show service, Kindle, etc. We believe that this would be a good move for Amazon, and we believe the tablet will compete with Apple and Samsung (SEO:005930) while its online offerings already compete with Microsoft (NASDAQ:MSFT), Apple, Google and others.
See article
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In metals and mining, Alcoa ( AA ) is confident that global growth will boost aluminum demand. Finally we peek at Amazon's ( AMZN ) motivations to push ahead with a tablet and take on Apple's ( AAPL ) iPad. See article Justifying Alcoa's Aluminum Growth Estimates Alcoa ( AA ) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020.
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See article Justifying Alcoa's Aluminum Growth Estimates Alcoa ( AA ) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020. In metals and mining, Alcoa ( AA ) is confident that global growth will boost aluminum demand. Finally we peek at Amazon's ( AMZN ) motivations to push ahead with a tablet and take on Apple's ( AAPL ) iPad.
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In metals and mining, Alcoa ( AA ) is confident that global growth will boost aluminum demand. Finally we peek at Amazon's ( AMZN ) motivations to push ahead with a tablet and take on Apple's ( AAPL ) iPad. See article Justifying Alcoa's Aluminum Growth Estimates Alcoa ( AA ) recently announced that it expects the global consumption and supply of aluminum to double from its 2010 figures by the year 2020.
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In metals and mining, Alcoa ( AA ) is confident that global growth will boost aluminum demand. See article Why it Makes Sense for Amazon to Make a Tablet Speculation is rife that Amazon ( AMZN ) could soon launch its own tablet to rival Google's (NASDAQ:GOOG) Android based tablets and Apple's ( AAPL ) iPad. Finally we peek at Amazon's ( AMZN ) motivations to push ahead with a tablet and take on Apple's ( AAPL ) iPad.
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1770.0
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2011-05-20 00:00:00 UTC
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Cliffs' Investors Cheer Consolidated Deal & Fortune 500 Inclusion
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AA
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https://www.nasdaq.com/articles/cliffs-investors-cheer-consolidated-deal-fortune-500-inclusion-2011-05-20
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nan
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nan
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Cliffs Natural Resources ( CLF ) closed its acquisition of Consolidated Thompson Iron Mines, which gives the company yet another reason to celebrate in the wake of the company being added to the Fortune 500 list for 2011. Cliffs is ranked at No. 477 on the list with annual revenues of $4.7 billion for 2010. The company competes with other international mining and natural resources companies like Vale (NYSE:VALE), BHP Billiton ( BBL ) and Rio Tinto (NYSE:RIO).
We currently have a $102 price estimate for Cliffs Natural Resources stock , about 15% above market price.
Consolidated Deal Secures China Buyers & Added Capacity
Cliffs announced its intention to acquire Canadian rival Consolidated Thompson Iron Mines Ltd in a $4.9 billion all-cash deal in January this year. The acquisition was aimed at consolidating Cliffs position as North America's largest producer of iron ore pellets with an added capacity of 8 million tons. Additionally, the deal also gave Cliffs a better foothold on the Asian market by adding Wuhan Iron and Steel, one of China's biggest steel manufacturers, as its customers through existing long-term supply agreements between Wuhan and Consolidated Thompson.
The acquisition decision got shareholder approval in late February, after which it received the necessary clearances from the Canadian and Chinese governments in mid-April and early May respectively. After completing the remaining closing conditions, the deal closed on May 12th - a 4 month period from start to finish.
We estimate that the new assets would contribute to about 8 million tons of iron ore to Cliffs' North American iron ore division in 2012. Capacity upgrades will add as much as 16 million tons of iron ore to the division's sales by the end of 5 years.
The largest producer of iron ore pellets in North America just got larger, officially.
See our full analysis for Cliffs Natural Resources stock here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The acquisition was aimed at consolidating Cliffs position as North America's largest producer of iron ore pellets with an added capacity of 8 million tons. The acquisition decision got shareholder approval in late February, after which it received the necessary clearances from the Canadian and Chinese governments in mid-April and early May respectively. Capacity upgrades will add as much as 16 million tons of iron ore to the division's sales by the end of 5 years.
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The acquisition was aimed at consolidating Cliffs position as North America's largest producer of iron ore pellets with an added capacity of 8 million tons. We estimate that the new assets would contribute to about 8 million tons of iron ore to Cliffs' North American iron ore division in 2012. See our full analysis for Cliffs Natural Resources stock here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cliffs Natural Resources ( CLF ) closed its acquisition of Consolidated Thompson Iron Mines, which gives the company yet another reason to celebrate in the wake of the company being added to the Fortune 500 list for 2011. Consolidated Deal Secures China Buyers & Added Capacity Cliffs announced its intention to acquire Canadian rival Consolidated Thompson Iron Mines Ltd in a $4.9 billion all-cash deal in January this year. The acquisition was aimed at consolidating Cliffs position as North America's largest producer of iron ore pellets with an added capacity of 8 million tons.
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Cliffs Natural Resources ( CLF ) closed its acquisition of Consolidated Thompson Iron Mines, which gives the company yet another reason to celebrate in the wake of the company being added to the Fortune 500 list for 2011. Consolidated Deal Secures China Buyers & Added Capacity Cliffs announced its intention to acquire Canadian rival Consolidated Thompson Iron Mines Ltd in a $4.9 billion all-cash deal in January this year. The acquisition was aimed at consolidating Cliffs position as North America's largest producer of iron ore pellets with an added capacity of 8 million tons.
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1771.0
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2011-05-18 00:00:00 UTC
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Trefis Morning Coffee – Salesforce.com, Alcoa, & Southwest Airlines
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AA
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https://www.nasdaq.com/articles/trefis-morning-coffee-salesforcecom-alcoa-southwest-airlines-2011-05-18
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nan
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nan
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It's Wednesday, but we already have Thursday on our minds as we look ahead to Salesforce.com's ( CRM ) fiscal Q1 2012 earnings release. Key trends to watch will be results for the company's newer cloud-computing products as well as the outlook for operating margins. We also take a look at Alcoa's ( AA ) upbeat expectations for the aluminum industry in today's featured forecast.
And test your knowledge of Southwest Airlines (NYSE:LUV) in today's quiz. How has the company's market share trended over the past two years? Click a response below to see the answer.
Salesforce.com - Company of the Day
Salesforce.com will announce fiscal Q1 2012 earnings on May 19th.
We believe investors will focus on trends in the company's newer cloud-computing products. We will also keep an eye on the company's operating margins as expenses have steadily outpaced revenue growth in the past couple of years.
See our complete analysis for Salesforce.com stock
Alcoa - Forecast of the Day
Alcoa is upbeat about the future of the aluminum industry.
At the company's recent shareholder meeting, Alcoa Chairman and CEO Klaus Kleinfeld detailed his views of an "aluminizing" world. He predicts that the global consumption and supply of aluminum could double from its 2010 figures by the year 2020.
See our complete analysis for Alcoa stock
Southwest Airlines - Quiz of the Day
How has Southwest Airlines' U.S. market share trended over the past two years?
Increased
Decreased
Remained Flat
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We also take a look at Alcoa's ( AA ) upbeat expectations for the aluminum industry in today's featured forecast. Key trends to watch will be results for the company's newer cloud-computing products as well as the outlook for operating margins. We will also keep an eye on the company's operating margins as expenses have steadily outpaced revenue growth in the past couple of years.
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We also take a look at Alcoa's ( AA ) upbeat expectations for the aluminum industry in today's featured forecast. Key trends to watch will be results for the company's newer cloud-computing products as well as the outlook for operating margins. See our complete analysis for Salesforce.com stock Alcoa - Forecast of the Day Alcoa is upbeat about the future of the aluminum industry.
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We also take a look at Alcoa's ( AA ) upbeat expectations for the aluminum industry in today's featured forecast. See our complete analysis for Salesforce.com stock Alcoa - Forecast of the Day Alcoa is upbeat about the future of the aluminum industry. See our complete analysis for Alcoa stock Southwest Airlines - Quiz of the Day How has Southwest Airlines' U.S. market share trended over the past two years?
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We also take a look at Alcoa's ( AA ) upbeat expectations for the aluminum industry in today's featured forecast. Key trends to watch will be results for the company's newer cloud-computing products as well as the outlook for operating margins. How has the company's market share trended over the past two years?
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1772.0
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2011-05-17 00:00:00 UTC
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Alcoa Predicts Substantial Aluminum Demand Growth
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AA
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https://www.nasdaq.com/articles/alcoa-predicts-substantial-aluminum-demand-growth-2011-05-17
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nan
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nan
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Alcoa ( AA ) is upbeat about the future of the aluminum industry. At the company's recent shareholder meeting, Alcoa Chairman and CEO Klaus Kleinfeld detailed his views of an "aluminizing" world. He predicts that the global consumption and supply of aluminum could double from its 2010 figures by the year 2020. This growth is expected to be fueled by an increasing demand for "more efficient infrastructure and transportation solutions". Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina, and competes with other international metals and mining giants like Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ).
The Global Outlook for Aluminum
Alcoa predicts that the most significant growth in demand for aluminum comes from the automotive and aerospace markets, with the need for more fuel-efficiency spurring increased competitiveness of aluminum to the metals commonly used in the construction of cars and airplanes.
The company forecasts a compound average growth rate of 6.5% in aluminum demand. This represents a growth in annual demand for bauxite from 214 million tonnes to 400 million tonnes. Alumina is expected to grow from 82 million tonnes to 156 million tonnes in a year, and aluminum growth would be from 39 million tonnes to 73 million tonnes per year.
What this Means for Alcoa
As the industry leader, Alcoa is poised to extract maximum value out of the increasing demand for aluminum.
Let us assume that the 6.5% growth in industry demand leads to a conservative 4% per annum growth in the quantity of aluminum shipped out by Alcoa's primary metals division. Then the division's shipments would exceed 5 million tonnes over the next 5 years from its current value of just less than 4 million tonnes.
This scenario represents a 7% upside to our $18.55 price estimate.
Our price estimate for Alcoa, at $18.55 , implies a premium to market price.
See our full analysis for Alcoa's stock here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) is upbeat about the future of the aluminum industry. At the company's recent shareholder meeting, Alcoa Chairman and CEO Klaus Kleinfeld detailed his views of an "aluminizing" world. This growth is expected to be fueled by an increasing demand for "more efficient infrastructure and transportation solutions".
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Alcoa ( AA ) is upbeat about the future of the aluminum industry. Alumina is expected to grow from 82 million tonnes to 156 million tonnes in a year, and aluminum growth would be from 39 million tonnes to 73 million tonnes per year. See our full analysis for Alcoa's stock here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) is upbeat about the future of the aluminum industry. The Global Outlook for Aluminum Alcoa predicts that the most significant growth in demand for aluminum comes from the automotive and aerospace markets, with the need for more fuel-efficiency spurring increased competitiveness of aluminum to the metals commonly used in the construction of cars and airplanes. Alumina is expected to grow from 82 million tonnes to 156 million tonnes in a year, and aluminum growth would be from 39 million tonnes to 73 million tonnes per year.
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Alcoa ( AA ) is upbeat about the future of the aluminum industry. The Global Outlook for Aluminum Alcoa predicts that the most significant growth in demand for aluminum comes from the automotive and aerospace markets, with the need for more fuel-efficiency spurring increased competitiveness of aluminum to the metals commonly used in the construction of cars and airplanes. This represents a growth in annual demand for bauxite from 214 million tonnes to 400 million tonnes.
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1773.0
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2011-05-05 00:00:00 UTC
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ArcelorMittal Earnings Preview: What We're Watching
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AA
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https://www.nasdaq.com/articles/arcelormittal-earnings-preview-what-were-watching-2011-05-05
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nan
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nan
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ArcelorMittal ( MT ) is expected to report its Q1 earnings on May 11th. The company reported subdued results for 2010, which were indicative of the slow recovery in the global steel industry after the economic recession. Here we highlight a few key trends in order to guide investors through the earnings release. The largest steel manufacturer in the world, ArcelorMittal competes with other international steel giants like BaoSteel, Posco ( PKX ), Nippon Steel and ThyssenKrupp.
Our price estimate for Arcelor Mittal stands at $40.67 , roughly 10% above market price.
Steel prices have risen in the last quarter…
Steel prices have climbed by more than 10% in the first quarter of 2011 over the previous quarter. Based on data available from the London Metal Exchange (LME), the average steel price over the period Oct-Dec 2010 was below $500 per tonne and reached $550 per tonne for the Jan-Mar 2011 period.
As steel sales for ArcelorMittal are largely linked to long-term contracts, the company will not be able to enjoy the complete benefits of the 10% steel price increase. However, it would definitely see an improvement in the overall average realized price from the sale of its products. With the company's long carbon steel shipments to Europe and America being its biggest source of value, the impact of an improvement in prices on this division in particular and on ArcelorMittal's share value can be understood from the chart below
… but rising iron ore prices will crimp profitability
However, iron ore prices also rose by more than 12% in this period over the last - increasing from around $160 per tonne to nearly $180 per tonne. This likely put pressure on ArcelorMittal's margins.
To add to this, the $260 million ArcelorMittal has to pay Cliffs Natural Resources ( CLF ) as a settlement for their long-standing pricing dispute will likely also be reflected in this quarter's earnings release and would further shrink the company's profit numbers.
See our full analysis for ArcelorMittal
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company reported subdued results for 2010, which were indicative of the slow recovery in the global steel industry after the economic recession. Here we highlight a few key trends in order to guide investors through the earnings release. To add to this, the $260 million ArcelorMittal has to pay Cliffs Natural Resources ( CLF ) as a settlement for their long-standing pricing dispute will likely also be reflected in this quarter's earnings release and would further shrink the company's profit numbers.
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With the company's long carbon steel shipments to Europe and America being its biggest source of value, the impact of an improvement in prices on this division in particular and on ArcelorMittal's share value can be understood from the chart below … but rising iron ore prices will crimp profitability However, iron ore prices also rose by more than 12% in this period over the last - increasing from around $160 per tonne to nearly $180 per tonne. See our full analysis for ArcelorMittal The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Steel prices have risen in the last quarter… Steel prices have climbed by more than 10% in the first quarter of 2011 over the previous quarter. As steel sales for ArcelorMittal are largely linked to long-term contracts, the company will not be able to enjoy the complete benefits of the 10% steel price increase. With the company's long carbon steel shipments to Europe and America being its biggest source of value, the impact of an improvement in prices on this division in particular and on ArcelorMittal's share value can be understood from the chart below … but rising iron ore prices will crimp profitability However, iron ore prices also rose by more than 12% in this period over the last - increasing from around $160 per tonne to nearly $180 per tonne.
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ArcelorMittal ( MT ) is expected to report its Q1 earnings on May 11th. The company reported subdued results for 2010, which were indicative of the slow recovery in the global steel industry after the economic recession. To add to this, the $260 million ArcelorMittal has to pay Cliffs Natural Resources ( CLF ) as a settlement for their long-standing pricing dispute will likely also be reflected in this quarter's earnings release and would further shrink the company's profit numbers.
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1774.0
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2011-05-05 00:00:00 UTC
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Alcoa Fears Australian Carbon Tax
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AA
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https://www.nasdaq.com/articles/alcoa-fears-australian-carbon-tax-2011-05-05
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nan
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nan
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Alcoa ( AA ) reacted to the decision of the Australian government to implement a carbon tax in the country by announcing that its earnings figures would be hit. The world leader in the production and management of primary aluminum, fabricated aluminum and alumina commented that it understood the importance of having sustainable operations and that it has voluntarily made significant cuts to its carbon emissions over the years. But it was not possible to reduce emissions to lower levels without incurring heavy capital expenditures on its part. Alcoa competes with other international metals and mining giants like Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ).
Our price estimate for Alcoa, at $18.55 , is roughly 5% below the stock's market price.
Understanding the Australian Carbon Tax
The Australian federal government, led by Prime Minister Julia Gillard, announced on 24th February 2011 that they have a framework in place to implement the Carbon Tax from 1st July, 2012. According to the announcement, "the price on carbon would be fixed for a period of three to five years before moving to a cap-and-trade system"
While the exact price to be levied as carbon tax has not yet been disclosed, it is expected to be between $23 - $26 per ton of carbon emitted.
Alcoa's Business in Australia
Alcoa has extensive operations in Australia. Alcoa's alumina refining facilities at Kwinana, Pinjarra and Wagerup in Australia constitute almost half (8.9 million metric tons) of the 18.1 million metric tons total capacity for the company. Besides this, the company has mining, smelting and processing facilities spread across Australia.
What it Means for Alcoa
Alcoa claims to have cut greenhouse gas emissions from its Australian operations from the levels in 1990 by about 40%. And it believes it would be difficult to reduce emissions further due to the efforts undertaken to improve energy efficiency.
This would mean Alcoa would face the full brunt of the carbon tax law, and will end up paying more tax in Australia.
We currently forecast tax rates for Alcoa to be around the 35% mark. But if the tax rate ends up being around 37% from the year 2013, then this could represent roughly 5% downside to our $18.55 price estimate for Alcoa's stock.
See our full analysis for Alcoa's stock here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) reacted to the decision of the Australian government to implement a carbon tax in the country by announcing that its earnings figures would be hit. And it believes it would be difficult to reduce emissions further due to the efforts undertaken to improve energy efficiency. But if the tax rate ends up being around 37% from the year 2013, then this could represent roughly 5% downside to our $18.55 price estimate for Alcoa's stock.
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Alcoa ( AA ) reacted to the decision of the Australian government to implement a carbon tax in the country by announcing that its earnings figures would be hit. Alcoa's alumina refining facilities at Kwinana, Pinjarra and Wagerup in Australia constitute almost half (8.9 million metric tons) of the 18.1 million metric tons total capacity for the company. See our full analysis for Alcoa's stock here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) reacted to the decision of the Australian government to implement a carbon tax in the country by announcing that its earnings figures would be hit. According to the announcement, "the price on carbon would be fixed for a period of three to five years before moving to a cap-and-trade system" While the exact price to be levied as carbon tax has not yet been disclosed, it is expected to be between $23 - $26 per ton of carbon emitted. What it Means for Alcoa Alcoa claims to have cut greenhouse gas emissions from its Australian operations from the levels in 1990 by about 40%.
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Alcoa ( AA ) reacted to the decision of the Australian government to implement a carbon tax in the country by announcing that its earnings figures would be hit. According to the announcement, "the price on carbon would be fixed for a period of three to five years before moving to a cap-and-trade system" While the exact price to be levied as carbon tax has not yet been disclosed, it is expected to be between $23 - $26 per ton of carbon emitted. What it Means for Alcoa Alcoa claims to have cut greenhouse gas emissions from its Australian operations from the levels in 1990 by about 40%.
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1775.0
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2011-05-03 00:00:00 UTC
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Alcoa Takeover Talk Softens Dow ETF Loss
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AA
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https://www.nasdaq.com/articles/alcoa-takeover-talk-softens-dow-etf-loss-2011-05-03
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nan
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nan
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A 2% rally in Alcoa ( AA ) shares on takeover speculation lessened the pain Tuesday in a roughly $10 billion exchange traded fund (ETF) indexed to the Dow Jones Industrial Average.
Dow component Alcoa jumped 2% and bullish options activity rose on talk Rio Tinto Group may make a bid for the aluminum giant.
SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 0.3% in the last hour of trading Tuesday but fell less than the Nasdaq and S&P 500.
Trading volume in Alcoa shares was above average Tuesday as the stock was among the most active on the NYSE.
SPDR Dow Jones Industrial Average ETF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A 2% rally in Alcoa ( AA ) shares on takeover speculation lessened the pain Tuesday in a roughly $10 billion exchange traded fund (ETF) indexed to the Dow Jones Industrial Average. Dow component Alcoa jumped 2% and bullish options activity rose on talk Rio Tinto Group may make a bid for the aluminum giant. SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 0.3% in the last hour of trading Tuesday but fell less than the Nasdaq and S&P 500.
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A 2% rally in Alcoa ( AA ) shares on takeover speculation lessened the pain Tuesday in a roughly $10 billion exchange traded fund (ETF) indexed to the Dow Jones Industrial Average. SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 0.3% in the last hour of trading Tuesday but fell less than the Nasdaq and S&P 500. SPDR Dow Jones Industrial Average ETF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A 2% rally in Alcoa ( AA ) shares on takeover speculation lessened the pain Tuesday in a roughly $10 billion exchange traded fund (ETF) indexed to the Dow Jones Industrial Average. SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 0.3% in the last hour of trading Tuesday but fell less than the Nasdaq and S&P 500. SPDR Dow Jones Industrial Average ETF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A 2% rally in Alcoa ( AA ) shares on takeover speculation lessened the pain Tuesday in a roughly $10 billion exchange traded fund (ETF) indexed to the Dow Jones Industrial Average. Dow component Alcoa jumped 2% and bullish options activity rose on talk Rio Tinto Group may make a bid for the aluminum giant. SPDR Dow Jones Industrial Average ETF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1776.0
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2011-05-02 00:00:00 UTC
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Goldman Sachs Upgrades Alcoa to “Buy” (AA)
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AA
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https://www.nasdaq.com/articles/goldman-sachs-upgrades-alcoa-buy-aa-2011-05-02
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nan
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nan
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Aluminum producer Alcoa Inc. ( AA ) on Monday saw its rating, price target, and earnings estimates all boosted by analysts at Goldman Sachs.
The firm said it upgraded AA from "Neutral" to "Buy" and raised its six-month price target from $17 to $22. That new target implies a 29% upside to the stock's Friday closing price of $17.
A Goldman analyst commented, "We view the structural industry change, driven by the de-linking of alumina from the aluminum price, as a potential major long-term contributor to Alcoa, which is the largest global third-party alumina seller."
Accordingly, the firm lifted its 2011 and 2012 EPS estimates for AA to $1.40 and $1.65, respectively, up from $1.10 and $1.25.
Alcoa shares rose 38 cents, or +2.2%, in premarket trading Monday.
The Bottom Line
Shares of Alcoa ( AA ) have a .71% dividend yield, based on Friday's closing stock price of $17.00. The stock has technical support in the $15-$16 price area. If the shares can firm up, we see overhead resistance around the $18-$19 price levels.
Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aluminum producer Alcoa Inc. ( AA ) on Monday saw its rating, price target, and earnings estimates all boosted by analysts at Goldman Sachs. The Bottom Line Shares of Alcoa ( AA ) have a .71% dividend yield, based on Friday's closing stock price of $17.00. The firm said it upgraded AA from "Neutral" to "Buy" and raised its six-month price target from $17 to $22.
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Aluminum producer Alcoa Inc. ( AA ) on Monday saw its rating, price target, and earnings estimates all boosted by analysts at Goldman Sachs. The Bottom Line Shares of Alcoa ( AA ) have a .71% dividend yield, based on Friday's closing stock price of $17.00. The firm said it upgraded AA from "Neutral" to "Buy" and raised its six-month price target from $17 to $22.
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Aluminum producer Alcoa Inc. ( AA ) on Monday saw its rating, price target, and earnings estimates all boosted by analysts at Goldman Sachs. The Bottom Line Shares of Alcoa ( AA ) have a .71% dividend yield, based on Friday's closing stock price of $17.00. The firm said it upgraded AA from "Neutral" to "Buy" and raised its six-month price target from $17 to $22.
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Aluminum producer Alcoa Inc. ( AA ) on Monday saw its rating, price target, and earnings estimates all boosted by analysts at Goldman Sachs. Accordingly, the firm lifted its 2011 and 2012 EPS estimates for AA to $1.40 and $1.65, respectively, up from $1.10 and $1.25. The Bottom Line Shares of Alcoa ( AA ) have a .71% dividend yield, based on Friday's closing stock price of $17.00.
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1777.0
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2011-05-02 00:00:00 UTC
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Alcoa Leads Dow ETF Stocks on Goldman Upgrade
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AA
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https://www.nasdaq.com/articles/alcoa-leads-dow-etf-stocks-goldman-upgrade-2011-05-02
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nan
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nan
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An exchange traded fund (ETF) tracking the Dow Jones Industrial Average was flat in afternoon trading Monday while Alcoa ( AA ) was the top-performing component after Goldman Sachs analysts said the stock is a buy.
Goldman lifted its rating on Alcoa shares to buy, and boosted its target price on the stock to $22 from $17. The analysts said they expect the stock to rise as the market appreciates the earnings capability of Alcoa and the dynamics of its businesses improve, according to a report.
Alcoa shares added more than 2% after the Goldman upgrade.
Alcoa is a holding in the $10.4 billion SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA). The ETF was little changed for the session at last check.
SPDR Dow Jones Industrial Average ETF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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An exchange traded fund (ETF) tracking the Dow Jones Industrial Average was flat in afternoon trading Monday while Alcoa ( AA ) was the top-performing component after Goldman Sachs analysts said the stock is a buy. Goldman lifted its rating on Alcoa shares to buy, and boosted its target price on the stock to $22 from $17. The analysts said they expect the stock to rise as the market appreciates the earnings capability of Alcoa and the dynamics of its businesses improve, according to a report.
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An exchange traded fund (ETF) tracking the Dow Jones Industrial Average was flat in afternoon trading Monday while Alcoa ( AA ) was the top-performing component after Goldman Sachs analysts said the stock is a buy. Alcoa is a holding in the $10.4 billion SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA). SPDR Dow Jones Industrial Average ETF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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An exchange traded fund (ETF) tracking the Dow Jones Industrial Average was flat in afternoon trading Monday while Alcoa ( AA ) was the top-performing component after Goldman Sachs analysts said the stock is a buy. Alcoa is a holding in the $10.4 billion SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA). SPDR Dow Jones Industrial Average ETF The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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An exchange traded fund (ETF) tracking the Dow Jones Industrial Average was flat in afternoon trading Monday while Alcoa ( AA ) was the top-performing component after Goldman Sachs analysts said the stock is a buy. Goldman lifted its rating on Alcoa shares to buy, and boosted its target price on the stock to $22 from $17. Alcoa is a holding in the $10.4 billion SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA).
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1778.0
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2011-04-27 00:00:00 UTC
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U.S. Steel Prospects Shine with Steel Recovery
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AA
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https://www.nasdaq.com/articles/us-steel-prospects-shine-steel-recovery-2011-04-27
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nan
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nan
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U.S. Steel ( X ) has had it rough the last two years with the effect of the global economic downturn seen on the steel industry over this period. In our recent article U.S. Steel Records Loss in 2010, but Good Times Lie Ahead we detailed the company's results for 2010 while pointing out the factors that will work in U.S. Steel's favor in the years to come. The recovery in the highly competitive steel industry would also benefit the company's competitors which includes international steel giants like ArcelorMittal ( MT ), BaoSteel, Posco ( PKX ), Nippon Steel and ThyssenKrupp.
U.S. Steel is an integrated steel producer of flat-rolled and tubular products with major production operations in North America and Europe. It is currently the tenth largest steel producer in the world with an annual raw steel production capability of 31.7 million tons. Our price estimate for U.S.Steel stands at $60.17 , roughly 10% ahead of its current market price.
Steel as an Indicator of Growth
The direct use of steel in infrastructure development has made global steel production and consumption figures a metric of economic progress. Over the last decade, China has almost solely pushed global steel production higher by 10% annually on average. The worldwide total production of steel in 2010 was more than 1.4 billion metric tons, of which more than 600 million metric tons were produced by China.
Although global steel figures have been lower in 2009 and 2010 following the economic recession, the steel industry should continue to grow at around 10% in the next few years as other developing Asian countries like India and Thailand show healthy economic development.
Indicators Look Firm for Steel Prices
The World Steel Association formed by about 180 global steel producers including 19 of the world's 20 largest steel companies recently released steel production figures for the month of February 2011. The global steel output was about 117 million metric tons in February - 8.8% growth year over year (yoy). The numbers also reveal that the yoy growth in each month since November 2010 has been over 5%, with growth touching 12% in January.
The primary metals leading index is a reference indicator for steel compiled by the U.S. Geological Survey for U.S. steel demand. This indicator has risen by at least 5% yoy each month since December 2010, and recorded a 6% growth in steel activity in the U.S. in February 2011.
These signs point to an increasingly positive outlook for steel demand and production, which bodes well for U.S. Steel.
See our full analysis and $60.17 price estimate for U.S. Steel
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Over the last decade, China has almost solely pushed global steel production higher by 10% annually on average. Although global steel figures have been lower in 2009 and 2010 following the economic recession, the steel industry should continue to grow at around 10% in the next few years as other developing Asian countries like India and Thailand show healthy economic development. This indicator has risen by at least 5% yoy each month since December 2010, and recorded a 6% growth in steel activity in the U.S. in February 2011.
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Indicators Look Firm for Steel Prices The World Steel Association formed by about 180 global steel producers including 19 of the world's 20 largest steel companies recently released steel production figures for the month of February 2011. The global steel output was about 117 million metric tons in February - 8.8% growth year over year (yoy). See our full analysis and $60.17 price estimate for U.S. Steel The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The recovery in the highly competitive steel industry would also benefit the company's competitors which includes international steel giants like ArcelorMittal ( MT ), BaoSteel, Posco ( PKX ), Nippon Steel and ThyssenKrupp. Steel as an Indicator of Growth The direct use of steel in infrastructure development has made global steel production and consumption figures a metric of economic progress. Indicators Look Firm for Steel Prices The World Steel Association formed by about 180 global steel producers including 19 of the world's 20 largest steel companies recently released steel production figures for the month of February 2011.
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Steel as an Indicator of Growth The direct use of steel in infrastructure development has made global steel production and consumption figures a metric of economic progress. The global steel output was about 117 million metric tons in February - 8.8% growth year over year (yoy). See our full analysis and $60.17 price estimate for U.S. Steel The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1779.0
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2011-04-25 00:00:00 UTC
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Tough Way to Start a Huge Week
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AA
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https://www.nasdaq.com/articles/tough-way-start-huge-week-2011-04-25
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nan
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nan
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AA JPM BAC IBM MCDWatch List
TradeMaster Daily Stock AlertsCLICK editor@trademasterstocks.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AA JPM BAC IBM MCDWatch List TradeMaster Daily Stock AlertsCLICK editor@trademasterstocks.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AA JPM BAC IBM MCDWatch List TradeMaster Daily Stock AlertsCLICK editor@trademasterstocks.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AA JPM BAC IBM MCDWatch List TradeMaster Daily Stock AlertsCLICK editor@trademasterstocks.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AA JPM BAC IBM MCDWatch List TradeMaster Daily Stock AlertsCLICK editor@trademasterstocks.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1780.0
|
2011-04-20 00:00:00 UTC
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Alcoa on Track for a Bumper Year
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AA
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https://www.nasdaq.com/articles/alcoa-track-bumper-year-2011-04-20
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nan
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nan
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Alcoa ( AA ) recently announced its performance for the first quarter of 2011. Based on these figures, we have updated our price estimate to $17 from the earlier value of $17.68. While the increase in aluminium prices and divisional shipment figures have been close to the values we initially estimated, we revised our price estimate due to the significant reduction in the cash & cash equivalents held by the company. The company competes with other international metals and mining giants like Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ).
Results at a Glance
The fact that the aluminium industry has recovered from the economic downturn and now faces rising demand came through in Alcoa's Q1'11 earnings. The company reported almost $6 billion in sales for the quarter, more than 20% higher year-over-year (yoy). While this is just a 7% increase over the previous quarter (Q4 2010), the net income increased by almost 20% - crossing $300 million sequentially.
The primary metals division continued to be the biggest source of income for the company bringing in revenues in excess of $2.8 billion, and an after-tax operating income (ATOI) of more than $200 million.
Also, the decrease in cash balances for the quarter can be explained by the investments by Alcoa in Ma'aden and Electronics Recyclers International, the acquisition of TransDigm, and the increase in its working capital.
Might be Most Profitable Year Yet
The increasing demand for aluminium in packaging, automotive, commercial transportation and industrial products has been helping aluminium prices while driving shipment numbers. We wrote recently on the packaging industry's use of aluminium in a note titled Good Things Come in Aluminum Packages for Alcoa . Increasing copper prices have also helped aluminium step in as a substitute, and for Alcoa in particular. We discussed this our article titled Rising Copper Prices are Good News for Aluminum Producer Alcoa . In late 2010, Alcoa predicted a 12% growth in the global demand for aluminium in the year 2011, and it has reaffirmed this as a part of its earnings release. This would help support higher prices through the year. We believe that the primary metals division would continue to drive value for Alcoa - with the company's decision to restart operations at its Massena, Intalco and Wenatchee plants help this outlook.
See our full analysis & $17 Trefis price estimate for Alcoa's stock .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) recently announced its performance for the first quarter of 2011. Results at a Glance The fact that the aluminium industry has recovered from the economic downturn and now faces rising demand came through in Alcoa's Q1'11 earnings. Also, the decrease in cash balances for the quarter can be explained by the investments by Alcoa in Ma'aden and Electronics Recyclers International, the acquisition of TransDigm, and the increase in its working capital.
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Alcoa ( AA ) recently announced its performance for the first quarter of 2011. The primary metals division continued to be the biggest source of income for the company bringing in revenues in excess of $2.8 billion, and an after-tax operating income (ATOI) of more than $200 million. We wrote recently on the packaging industry's use of aluminium in a note titled Good Things Come in Aluminum Packages for Alcoa .
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Alcoa ( AA ) recently announced its performance for the first quarter of 2011. While the increase in aluminium prices and divisional shipment figures have been close to the values we initially estimated, we revised our price estimate due to the significant reduction in the cash & cash equivalents held by the company. Might be Most Profitable Year Yet The increasing demand for aluminium in packaging, automotive, commercial transportation and industrial products has been helping aluminium prices while driving shipment numbers.
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Alcoa ( AA ) recently announced its performance for the first quarter of 2011. While the increase in aluminium prices and divisional shipment figures have been close to the values we initially estimated, we revised our price estimate due to the significant reduction in the cash & cash equivalents held by the company. The primary metals division continued to be the biggest source of income for the company bringing in revenues in excess of $2.8 billion, and an after-tax operating income (ATOI) of more than $200 million.
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1781.0
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2011-04-20 00:00:00 UTC
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The Trefis Top 5 – April 19 Insights
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AA
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https://www.nasdaq.com/articles/trefis-top-5-april-19-insights-2011-04-20
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nan
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nan
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The following is a collection of today's top insights regarding Adobe ( ADBE ), Delta Air Lines ( DAL ), Ameritrade ( AMTD ), Akamai ( AKAM ), and Alcoa ( AA ).
Lowering Adobe Estimates on Japan Impact
Adobe ( ADBE ) announced its Q1 earnings a few weeks back in which it discussed the impact Japan will have on its earnings. Japan is the second largest market for Adobe behind the U.S. and typically March is the biggest revenue month due to higher fiscal year spending. As a result, Adoble revised its Q2 2011 revenue outlook down by $50 million. This means that Adobe could lose ground to competitors Microsoft (MSFT), Apple (AAPL), Quark and Corel …
Read the full article on Adobe here
Coverage Launch: $12.50 Trefis Price Estimate for Delta Air Lines ( DAL )
Delta Air Lines ( DAL ) is the largest passenger airline in the world by available seat miles operating under a single certificate. Delta Air Lines is headquartered in Atlanta and operates an extensive domestic and international network spanning North America, South America, Europe, Asia, Africa, the Middle East, the Caribbean and Australia. Delta and its subsidiary operate over 4,000 flights everyday. Delta Air Lines competes with American Airlines (AMR), Southwest Airlines (LUV), United Continental (UAL), and U.S. Airways (LCC) …
Read the full article on Delta Airlines here
Ameritrade Reports Record Growth in Asset Base
Ameritrade ( AMTD ) recently announced its performance for the quarter ending March 2011. The company, which reports based on a fiscal year ending September 30th, reported a record increase in client assets. Based on the new data, we have updated our price estimate for Ameritrade to $22.71. This new price estimate is a premium of about 5% to market price. Ameritrade allows individual investors to trade equities, options and other securities, but also offers money market account services to clients through TD Bank USA. It competes with other online brokerages and financial services firms like E-Trade (ETFC), Charles Schwab (SCHW), Wells Fargo (WFC) and Bank of America (BAC) …
Read the full article on Ameritrade here
4 Key Trends for Akamai
IBM (IBM) recently partnered with Akamai ( AKAM ) to accelerate the delivery of web/cloud applications for customers by integrating its WebSphere technology with Akamai's application delivery network. The company will also be involved in authentication management for content providers looking to make content available on multiple devices. As Akamai continues to push ahead, we take a look at the broad trends impacting the company's stock value. Akamai competes with other players like InterNAP Network Services (INAP), Limelight Networks (LLNW) and Level 3 (LVLT) …
Read the full article on Akamai here
Alcoa on Track for a Bumper Year
Alcoa ( AA ) recently announced its performance for the first quarter of 2011. Based on these figures, we have updated our price estimate to $17 from the earlier value of $17.68. While the increase in aluminium prices and divisional shipment figures have been close to the values we initially estimated, we revised our price estimate due to the significant reduction in the cash & cash equivalents held by the company. The company competes with other international metals and mining giants like Rusal, Rio Tinto (RIO), BHP Billiton (BHP) and Chalco (ACH) …
Read the full article on Alcoa here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following is a collection of today's top insights regarding Adobe ( ADBE ), Delta Air Lines ( DAL ), Ameritrade ( AMTD ), Akamai ( AKAM ), and Alcoa ( AA ). This means that Adobe could lose ground to competitors Microsoft (MSFT), Apple (AAPL), Quark and Corel … Read the full article on Adobe here Coverage Launch: $12.50 Trefis Price Estimate for Delta Air Lines ( DAL ) Delta Air Lines ( DAL ) is the largest passenger airline in the world by available seat miles operating under a single certificate. Akamai competes with other players like InterNAP Network Services (INAP), Limelight Networks (LLNW) and Level 3 (LVLT) … Read the full article on Akamai here Alcoa on Track for a Bumper Year Alcoa ( AA ) recently announced its performance for the first quarter of 2011.
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The following is a collection of today's top insights regarding Adobe ( ADBE ), Delta Air Lines ( DAL ), Ameritrade ( AMTD ), Akamai ( AKAM ), and Alcoa ( AA ). This means that Adobe could lose ground to competitors Microsoft (MSFT), Apple (AAPL), Quark and Corel … Read the full article on Adobe here Coverage Launch: $12.50 Trefis Price Estimate for Delta Air Lines ( DAL ) Delta Air Lines ( DAL ) is the largest passenger airline in the world by available seat miles operating under a single certificate. Akamai competes with other players like InterNAP Network Services (INAP), Limelight Networks (LLNW) and Level 3 (LVLT) … Read the full article on Akamai here Alcoa on Track for a Bumper Year Alcoa ( AA ) recently announced its performance for the first quarter of 2011.
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This means that Adobe could lose ground to competitors Microsoft (MSFT), Apple (AAPL), Quark and Corel … Read the full article on Adobe here Coverage Launch: $12.50 Trefis Price Estimate for Delta Air Lines ( DAL ) Delta Air Lines ( DAL ) is the largest passenger airline in the world by available seat miles operating under a single certificate. The following is a collection of today's top insights regarding Adobe ( ADBE ), Delta Air Lines ( DAL ), Ameritrade ( AMTD ), Akamai ( AKAM ), and Alcoa ( AA ). Akamai competes with other players like InterNAP Network Services (INAP), Limelight Networks (LLNW) and Level 3 (LVLT) … Read the full article on Akamai here Alcoa on Track for a Bumper Year Alcoa ( AA ) recently announced its performance for the first quarter of 2011.
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The following is a collection of today's top insights regarding Adobe ( ADBE ), Delta Air Lines ( DAL ), Ameritrade ( AMTD ), Akamai ( AKAM ), and Alcoa ( AA ). This means that Adobe could lose ground to competitors Microsoft (MSFT), Apple (AAPL), Quark and Corel … Read the full article on Adobe here Coverage Launch: $12.50 Trefis Price Estimate for Delta Air Lines ( DAL ) Delta Air Lines ( DAL ) is the largest passenger airline in the world by available seat miles operating under a single certificate. Akamai competes with other players like InterNAP Network Services (INAP), Limelight Networks (LLNW) and Level 3 (LVLT) … Read the full article on Akamai here Alcoa on Track for a Bumper Year Alcoa ( AA ) recently announced its performance for the first quarter of 2011.
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1782.0
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2011-04-17 00:00:00 UTC
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Dividend.com Sunday Edition – Pass on The Seeds of Success for Generations
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AA
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https://www.nasdaq.com/articles/dividendcom-sunday-edition-pass-seeds-success-generations-2011-04-17
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nan
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nan
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Hi everybody. Sorry for the sporadic outages today. We ended up needing to be moved to a brand new server. Our hosting company suffered a hardware glitch and we were unable to keep the site up while this was happening. Fortunately we are now back up and I do apologize for the inconvenience. We had an eventful week that was, with earnings season kicking off. Alcoa ( AA ) did not start the quarter off on a good foot. As we got toward the end of the week, Google's ( GOOG ) results sent a lot of growth investors scampering for the exits.
The pace of deal-making continues to remain robust as numerous deals were done, but the potential for big deals are also making news. Tyco International ( TYC ) is rumored to be in the sights for a potential acquirer. Late Friday, Johnson & Johnson ( JNJ ) was rumored to be considering a deal for Swiss medical-equipment maker Synthes Inc. that could be in the $20 billion price range. Lastly, gold and silver prices have taken over the market in terms of what the pundits are focused in on. I have been mentioning it as well, but with more of a cautious tone. Silver prices especially are a concern in the short term, trading nearly 60% above the 200-day moving average. In any parabolic move we see in the markets, there is usually a reversion to the means at some point. If you are looking to get exposure to the silver orgold market patience is likely your biggest ally at this time.
We made some changes to our recommended list this week, removing several names as we continue to position the "Best Dividend Stocks" list as best as we can with the idea that the names that remain on the list are still names we feel good about being capital into. Dividend investing does not require a special talent, education level, years of experience, luck, or much money either. It requires a commitment from you as an investor that you will keep putting money to work each month in the best ideas available. The material you find on our Dividend.com site will help you start generating a new income stream and be a key element in helping everyone build wealth.
Speaking of wealth, every generation has a chance to change the the fortunes of future generations. When you think about some of the wealth goals we have - well-funded retirement, college education for our kids (not a guarantee for future success of course, but it is still a common goal for many families), nest egg that continues to build as the years pass, and enjoy the benefits/dividends of passive income in our income-producing investments. There could be more, but these are some general goals we all share. Getting back to creating fortunes for our future generations, many of us could impact what principles are passed on to our next generations. Look at the case of Carlos Slim, considered to be the richest person in the world. His riches were influenced by the moves his father made. His father became a business owner back in 1911 when he established a dry goods store. As he built up his capital, he was able to acquire prime commercial real estate in Mexico City ten years later. The foundation was now set for the next generation to do well. By the time Carlos Slim was born in 1940, his father already was considered very successful. Now you may think Carlos was born into wealth and that equated to the success Carlos has had. As much as you can easily scrape over this generalization, when you dig in to the differences of what Carlos was able to do, you will see the lessons he learned from his dad were certainly never intended to make Carlos the richest man in the world. The key here to understand was that the seeds of success were sewn into Carlos when it came to understanding business and looking for ways to build income. Carlos Slim was an investor of stocks at an early age, but then diversified into businesses. I often talk about the entrepreneurial spirit and how it can contribute to an acceleration of one's success, as long as the approach to business is done with the proper due diligence. When you look at the generations past regarding the Slim family, his dad was able to build the foundation, but he did it on his own. There was little help from the previous generation. Every one of us has the ability to build the foundation for our future family generations, and it doesn't take a lot of money to get this under way. Having more money to start with doesn't hurt of course, but is not as much of an obstacle as one would think.
You can do your own research to prove what I am saying is true. Look around and see who is successful in your mind. Next, go up and ask them about their story and how they were able to get to the level of success they are now. You will be amazed to how far back some of the stories may go. In my case, my dad went away from his family to learn how to cut hair in a big city in Italy at age 14. He made an early decision to want to learn a trade, but he didn't stop his ambition just learning a skill. He decided to push out of his comfort zone, coming to the U.S. in 1966, getting married and opening a barbershop without even knowing how to speak english by 1968 (he was 26 years old at the time). He could have stayed in Italy and established a business there, but he felt better financial opportunities were to be had in America. He made a great bet. Over the years, he had other opportunities he could have taken regarding real estate, but he didn't pull the trigger. His best real estate opportunity came at what ended up being an inopportune time. The property he should wished he had pulled the trigger on consisted of 6 stores and 12 apartment units (it was the location of the barbershop). At the time the asking price was $300K, but he had just purchased our first family home the year earlier. Financially he was not able to do the deal on his own. He lobbied his business partner and several family members, but no one felt the need to join in on the opportunity (they all came to regret it later as well). Unfortunately for my dad's sake, no one stepped up and realized how great the real estate deal was. He never did buy his dream building/property after that missed opportunity, but he kept working hard and saved his money. I spent many a night at my family dinner table hearing that story and seeing what it means to miss an opportunity. The deal opportunity was back in 1980. Everyone could imagine what the property is worth now and the cash flow it would be throwing off today. Who knows, if he went ahead with it, I may have developed the passion for real estate and Dividend.com maybe would have never happened. As my mom would always say, things sometimes happen for a reason. As I look at my own road and what I am building with Dividend.com, the lessons I have learned are plenty.
Almost none of us are born rich, and that's ok. It's the process of becoming successful that is the part we all need to remember is the most valuable. How often do we hear about kids that are born in rich families who end up with troubled lives. This can be the result of the "auto-pilot" syndrome where kids are not required to learn about much, because their families are rich and they don't have the need to hustle. It's very sad when you see these wasted opportunities to pass on the seeds of success in a more fruitful way. Nothing is guaranteed in our lives and success/being poor is not a given as well, when you talk about one generation to the next.
The investment we all make every day to learn as much as we can to becoming successful and building wealth can pay an enormous dividend not only in our own lives, but the lives in our own family's future generations. The lessons are all around us. I'll be sure to share as many as I have learned and continue to learn.
Many of our readers truly have been understanding my message of taking charge of one's own nest egg responsibilities. We have a very pro-active subscriber base and many of you have taken charge of what happens to your money. I applaud you for that and for understanding that investing does not have to be complicated. It makes me feel really good about what we do here at Dividend.com. Everyone has the ability to generate wealth and following our strategy will allow you to get the power of compound interest behind you! Thank you for sharing part of your Sunday with me and please be sure to pass this post on to anyone you think we can get inspired and educated about money, building wealth, and using common sense to do so.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) did not start the quarter off on a good foot. I often talk about the entrepreneurial spirit and how it can contribute to an acceleration of one's success, as long as the approach to business is done with the proper due diligence. He decided to push out of his comfort zone, coming to the U.S. in 1966, getting married and opening a barbershop without even knowing how to speak english by 1968 (he was 26 years old at the time).
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Alcoa ( AA ) did not start the quarter off on a good foot. When you think about some of the wealth goals we have - well-funded retirement, college education for our kids (not a guarantee for future success of course, but it is still a common goal for many families), nest egg that continues to build as the years pass, and enjoy the benefits/dividends of passive income in our income-producing investments. Every one of us has the ability to build the foundation for our future family generations, and it doesn't take a lot of money to get this under way.
|
Alcoa ( AA ) did not start the quarter off on a good foot. When you think about some of the wealth goals we have - well-funded retirement, college education for our kids (not a guarantee for future success of course, but it is still a common goal for many families), nest egg that continues to build as the years pass, and enjoy the benefits/dividends of passive income in our income-producing investments. Every one of us has the ability to build the foundation for our future family generations, and it doesn't take a lot of money to get this under way.
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Alcoa ( AA ) did not start the quarter off on a good foot. Every one of us has the ability to build the foundation for our future family generations, and it doesn't take a lot of money to get this under way. The deal opportunity was back in 1980.
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1783.0
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2011-04-13 00:00:00 UTC
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Put sellers licking wounds as Alcoa falls
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AA
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https://www.nasdaq.com/articles/put-sellers-licking-wounds-alcoa-falls-2011-04-13
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nan
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nan
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Alcoa dropped on a lukewarm earnings report this week, and now some investors are licking their wounds and hoping for a bounce.
optionMONSTER's tracking systems detected the purchase of about 13,500 April 18 puts for $1.25 and $1.26 against existing open interest. A matching number of May 18 puts were sold for $1.44, indicating that a short position was rolled from one month to the next.
The move was likely the work of a trader who had sold the April 18 puts before earnings, hoping the stock would hold its ground. But now that it's fallen, their position is underwater. Rolling it gives them more time for AA to rebound and lets them collect an additional $0.22 of income.
The aluminum giant is down 0.90 percent to $16.55 in early afternoon trading, following a 6 percent drop yesterday. The shares rallied hard since late August and peaked at a two-year high of $18.47 last week, but fell after revenue missed estimates Monday afternoon.
There was also a sale of about 11,000 July 19 puts for $2.49 to $2.66, which reflects a belief that AA will hold its ground or rebound from the current level.
Puts outnumber calls in the stock by almost 4 to 1 so far today, with selling and rolls of short positions accounting for most of the activity.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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There was also a sale of about 11,000 July 19 puts for $2.49 to $2.66, which reflects a belief that AA will hold its ground or rebound from the current level. Rolling it gives them more time for AA to rebound and lets them collect an additional $0.22 of income. Alcoa dropped on a lukewarm earnings report this week, and now some investors are licking their wounds and hoping for a bounce.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Rolling it gives them more time for AA to rebound and lets them collect an additional $0.22 of income. There was also a sale of about 11,000 July 19 puts for $2.49 to $2.66, which reflects a belief that AA will hold its ground or rebound from the current level.
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There was also a sale of about 11,000 July 19 puts for $2.49 to $2.66, which reflects a belief that AA will hold its ground or rebound from the current level. Rolling it gives them more time for AA to rebound and lets them collect an additional $0.22 of income. The move was likely the work of a trader who had sold the April 18 puts before earnings, hoping the stock would hold its ground.
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There was also a sale of about 11,000 July 19 puts for $2.49 to $2.66, which reflects a belief that AA will hold its ground or rebound from the current level. Rolling it gives them more time for AA to rebound and lets them collect an additional $0.22 of income. A matching number of May 18 puts were sold for $1.44, indicating that a short position was rolled from one month to the next.
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1784.0
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2011-04-13 00:00:00 UTC
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Opening View: Tide Shifts in Bulls' Favor as Street Celebrates JPMorgan Chase Earnings
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AA
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https://www.nasdaq.com/articles/opening-view-tide-shifts-bulls-favor-street-celebrates-jpmorgan-chase-earnings-2011-04-13
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nan
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nan
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Stocks swallowed steep losses on Tuesday, as lackluster earnings from Alcoa ( AA ), amplified fears about Japan's nuclear crisis, and evidence of waning oil demand weighed on the Street. However, the tides appear to have shifted this morning, thanks to an encouraging earnings report from fellow blue chip JPMorgan Chase ( JPM ). Nevertheless, the real test for the bulls may come this afternoon, as the Federal Reserve's Beige Book will clue the Street in on the health of regional economies. At last check, the Dow Jones Industrial Average (DJIA ) is trading about 59 points north of breakeven, while the broader S&P 500 Index (SPX ) is flirting with a 7-point lead.
In equities news, JPMorgan Chase (JPM - 46.64) this morning said first-quarter earnings came in at $5.56 billion, or $1.28 per share, up 67% from the $3.3 billion, or 74 cents per share, the firm earned in the year-ago quarter. Revenue, on an adjusted basis, docked at $25.79 billion. Analysts, on average, were expecting the blue chip to record a quarterly profit of $1.16 on sales of $25.27 billion. The financial firm attributed the year-over-year earnings jump to lower loss provisions, with the company setting aside just $1.17 billion from loan losses, compared to $7.01 billion a year earlier. What's more, JPM upped its quarterly dividend by 500%, to 25 cents per share from 5 cents per share, and announced plans to buy back $8 billion in stock this year. In pre-market trading, the shares of JPM are up about 0.6%.
Meanwhile, Riverbed Technology (RVBD - 30.92) is also on pace to kick off the session on a high note. Last night, the company lifted its first-quarter revenue forecast to a range of $163 million to $164 million, from its earlier guidance of $159 million to $161 million. Analysts, on average, were estimating quarterly sales of $161 million for RVBD. The company cited solid sales of its network optimization products for the upwardly revised outlook. At last look, the shares of RVBD are flirting with a 14% gain.
Finally, Everest Re Group (RE - 91.14) has also made headlines this morning. The insurance issue estimated its net losses from the Japanese earthquake and tsunami to total about $320 million, up significantly from its month-ago estimates for a loss of $140 million to $210 million. Ahead of the bell, the shares of RE are poised to drop about 1.2%.
Earnings Preview
Today's earnings docket will feature a report from ASML Holding ( ASML ). Keep your browser at SchaeffersResearch.com for more news as it breaks.
Economic Calendar
Today's economic agenda will feature the Fed's Beige Book report for April, along with February's business inventories and the regularly scheduled update on crude inventories. As usual, weekly jobless claims are scheduled to hit the Street on Thursday. Inflation data also starts to roll in, with the release of the producer price index (PPI) and core PPI for March. The week wraps up with a flurry of economic data, including industrial production, capacity utilization, the consumer price index ( CPI ) and core CPI for March, the preliminary April Reuters/University of Michigan sentiment survey, and the Empire State manufacturing index for April.
Market Statistics
Equity option activity on the Chicago Board Options Exchange ( CBOE ) saw 1,364,463 call contracts traded on Tuesday, compared to 812,597 put contracts. The resultant single-session put/call ratio docked at 0.60, while the 21-day moving average remained at 0.60.
Trading the News: A Contrarian View. Check out this special report from Bernie Schaeffer here.
Overseas Trading
Stocks in Asia muscled higher today, recovering some of Tuesday's losses. Auto stocks led the gainers in Japan and Korea, after Nomura Securities predicted a bullish second half for the group. Additionally, auto supplier Renesas Electronics unveiled plans to restart production at one of its quake-impacted plants a month ahead of schedule, further boosting sentiment. Meanwhile, banking issues led the charge higher in China. By the close, Japan's Nikkei advanced 0.9%, the Shanghai Composite rallied nearly 1%, and South Korea's Kospi tacked on close to 1.6%.
Mining stocks are setting a similarly upbeat tone in Europe, after sector heavyweight Fresnillo announced record gold production for the first quarter. Elsewhere, telecom stocks caught a lift after Morgan Stanley upgraded Alcatel-Lucent (ALU) and Ericsson (ERIC). At last check, London's FTSE 100 has added 1.1%, while France's CAC 40 and Germany's DAX have each tacked on about 1.2%.
Currencies and Commodities
The greenback has lost a little ground this morning, with the U.S. dollar index down almost 0.1%. Elsewhere, after logging their steepest single-session percentage drop in more than two weeks on Tuesday, crude futures are poised to recover a portion of their losses today. In electronic trading, the May crude futures contract has added 0.2% to trade near $107.20 per barrel. Finally, gold futures are also set to bounce back from their recent post-high retreat. At last check, the front-month contract has tacked on nearly 0.4% to trade at $1,458.90 an ounce.
Unusual Put and Call Activity:
For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations .
Every morning, our research staff analyzes the prior day and the overnight markets, and monitors the morning wires to give you an accurate preview of the day to come. If you enjoyed today's edition of Opening View, sign up here for free daily delivery, straight to your inbox, before the opening bell.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks swallowed steep losses on Tuesday, as lackluster earnings from Alcoa ( AA ), amplified fears about Japan's nuclear crisis, and evidence of waning oil demand weighed on the Street. Additionally, auto supplier Renesas Electronics unveiled plans to restart production at one of its quake-impacted plants a month ahead of schedule, further boosting sentiment. Mining stocks are setting a similarly upbeat tone in Europe, after sector heavyweight Fresnillo announced record gold production for the first quarter.
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Stocks swallowed steep losses on Tuesday, as lackluster earnings from Alcoa ( AA ), amplified fears about Japan's nuclear crisis, and evidence of waning oil demand weighed on the Street. However, the tides appear to have shifted this morning, thanks to an encouraging earnings report from fellow blue chip JPMorgan Chase ( JPM ). In equities news, JPMorgan Chase (JPM - 46.64) this morning said first-quarter earnings came in at $5.56 billion, or $1.28 per share, up 67% from the $3.3 billion, or 74 cents per share, the firm earned in the year-ago quarter.
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Stocks swallowed steep losses on Tuesday, as lackluster earnings from Alcoa ( AA ), amplified fears about Japan's nuclear crisis, and evidence of waning oil demand weighed on the Street. In equities news, JPMorgan Chase (JPM - 46.64) this morning said first-quarter earnings came in at $5.56 billion, or $1.28 per share, up 67% from the $3.3 billion, or 74 cents per share, the firm earned in the year-ago quarter. The financial firm attributed the year-over-year earnings jump to lower loss provisions, with the company setting aside just $1.17 billion from loan losses, compared to $7.01 billion a year earlier.
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Stocks swallowed steep losses on Tuesday, as lackluster earnings from Alcoa ( AA ), amplified fears about Japan's nuclear crisis, and evidence of waning oil demand weighed on the Street. In equities news, JPMorgan Chase (JPM - 46.64) this morning said first-quarter earnings came in at $5.56 billion, or $1.28 per share, up 67% from the $3.3 billion, or 74 cents per share, the firm earned in the year-ago quarter. Ahead of the bell, the shares of RE are poised to drop about 1.2%.
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1785.0
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2011-04-13 00:00:00 UTC
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The Trefis Top 5 – April 12 Insights
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AA
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https://www.nasdaq.com/articles/trefis-top-5-april-12-insights-2011-04-13
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nan
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nan
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The following is a collection of today's top insights regarding Netflix ( NFLX ), Adobe ( ADBE ), ConocoPhillips ( COP ), Google ( GOOG ), and Alcoa ( AA ).
Cord Cutting Continues, But Be Cautious On Netflix Upside
A recent study by Convergence Consulting Group indicates that the phenomenon of cord cutting picked up significantly in 2010. "Cord cutting" refers to the trend of cable subscribers cutting their cable service in favor of watching TV programs online. After an estimated 550,000 homes terminated their pay-TV service in 2009, the figure increased to about 1 million in 2010. So is Netflix ( NFLX ) really one of the factors influencing this change as the study suggests? To some extent, probably, given Netflix's low-cost proposition. That's good news for Netflix as the company stands to gain from continued cord cutting…
Read the full article on Netflix here
Adobe Banking on a Mid-Cycle Software Release to Spark Sales
In its latest earnings report, Adobe ( ADBE ) mentioned that it will introduce a mid-cycle release of creative software version 5 (CS 5). Adobe maintains a dominant position in the creative software market with its leading photo editing, publishing and web design products like Photoshop, Dreamweaver, Flash Professional and InDesign. It competes mainly with Microsoft (MSFT), Apple (AAPL), Quark and Corel in the creative software market. Historically, Adobe's market share has fluctuated in the range of 40%-50%, and its share has risen with the releases of new software versions…
Read the full article on Adobe here
ConocoPhillips Looks to Grow Oil & Gas Assets
In an interview with Financial Times, ConocoPhillips' ( COP ) chief executive Jim Mulva said that the company is looking to expand capital spending this year for the right kind of opportunity in deepwater and shale patch. ConocoPhillips is considering a variety of options to partner with companies on exploration and development in the Gulf of Mexico and West Africa. The company is also considering picking up exploration blocks offshore Angola…
Read the full article on ConocoPhillips here
Google's Search Business Gets Stronger with ITA Acquisition
The U.S Department of Justice recently approved Google's ( GOOG ) acquisition of ITA, with some conditions. This is a good news for Google as it further strengthens the company's dominant position in the online search advertising market, in which it competes with Microsoft (MSFT), Yahoo (YHOO), and AOL (AOL). We discussed the implications of this deal in detail last year (see ITA Acquisition Helps Google in Online Travel Search). We believe that the deal gives Google an edge over Microsoft Bing in the booming travel search market, as Bing currently provides a much better travel search experience…
Read the full article on Google here
Chinese Curb on Aluminum Smelters Could Lift Aluminum Prices
Recent reports suggest that the Chinese government may look to stem overcapacity in the aluminum industry by suspending approval of new smelters. This is good news for Alcoa ( AA ), one of the world's largest suppliers of alumina. According to the China Nonferrous Metals Industry Association (as cited by the Shanghai Daily), China produced just under 18 million tons of aluminum last year. This represents roughly 85% of total capacity, which stands at around 21 million. Other reports suggest that capacity utilization actually fell closer to 60%. Whether the actual number falls closer to 60% or 85%, the overcapacity of the industry is evident…
Read the full article on Alcoa here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following is a collection of today's top insights regarding Netflix ( NFLX ), Adobe ( ADBE ), ConocoPhillips ( COP ), Google ( GOOG ), and Alcoa ( AA ). It competes mainly with Microsoft (MSFT), Apple (AAPL), Quark and Corel in the creative software market. This is good news for Alcoa ( AA ), one of the world's largest suppliers of alumina.
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The following is a collection of today's top insights regarding Netflix ( NFLX ), Adobe ( ADBE ), ConocoPhillips ( COP ), Google ( GOOG ), and Alcoa ( AA ). It competes mainly with Microsoft (MSFT), Apple (AAPL), Quark and Corel in the creative software market. This is good news for Alcoa ( AA ), one of the world's largest suppliers of alumina.
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The following is a collection of today's top insights regarding Netflix ( NFLX ), Adobe ( ADBE ), ConocoPhillips ( COP ), Google ( GOOG ), and Alcoa ( AA ). It competes mainly with Microsoft (MSFT), Apple (AAPL), Quark and Corel in the creative software market. This is good news for Alcoa ( AA ), one of the world's largest suppliers of alumina.
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The following is a collection of today's top insights regarding Netflix ( NFLX ), Adobe ( ADBE ), ConocoPhillips ( COP ), Google ( GOOG ), and Alcoa ( AA ). It competes mainly with Microsoft (MSFT), Apple (AAPL), Quark and Corel in the creative software market. This is good news for Alcoa ( AA ), one of the world's largest suppliers of alumina.
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1786.0
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2011-04-12 00:00:00 UTC
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Opening View: Blue Chips Brace for Drop on Alcoa Defeat, Japan Jitters
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AA
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https://www.nasdaq.com/articles/opening-view-blue-chips-brace-drop-alcoa-defeat-japan-jitters-2011-04-12
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nan
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nan
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Stocks finished Monday relatively flat, as traders exercised caution ahead of Alcoa's ( AA ) earnings-season opener . This morning, the bulls are likely applauding that decision to flock to the sidelines, as the blue chip's earnings disappointment has sparked an ominous tone in pre-market action. As if that weren't enough, Japan has added fuel to the bears' early fire, after safety regulators upped the crisis level of its nuclear disaster to 7 -- the highest possible, and the first since 1986's Chernobyl accident. Against this downbeat backdrop -- and thanks in part to oil and gold's pullback from new highs -- the Dow Jones Industrial Average (DJIA ) is set for a 63-point drop, while the S&P 500 Index (SPX ) is trading with an 8-point deficit ahead of the bell.
Last night, Alcoa Inc. (AA - 17.77) said it banked a first-quarter profit of $308 million, or 27 cents per share, while revenue increased 22% to $5.96 billion. Income from continuing operations arrived at 28 cents per share. Analysts, on average, were looking for a profit of 27 cents per share on revenue of $6.07 billion. Looking ahead, the commodity giant backed its forecast for 12% global aluminum demand growth in 2011, and said it's "well on track" to meet its financial targets this year. Nevertheless, investors are jeering the firm's disappointing sales and lackluster margins, with the shares of AA flirting with a 3% deficit ahead of the bell.
Meanwhile, fellow blue chip Procter & Gamble (PG - 62.19) last night lifted its quarterly dividend by 9% to 52.5 cents per share, marking the conglomerate's 55th year of consecutive dividend hikes. The dividend is payable on or after May 16 to shareholders of record at the closing bell on Friday, April 29. In pre-market trading, however, the encouraging news has been somewhat overshadowed by AA's disappointing earnings report, with the shares of PG down 0.1% at last check.
Finally, Fastenal (FAST - 67.50) this morning said first-quarter earnings came in at $79.5 million, or 54 cents per share, while revenue docked at $640.6 million. Analysts, on average, were expecting the firm to record a profit of 52 cents per share on sales of $630.4 million, according to Thomson Reuters. In addition, the company said its board intends to change the frequency of its dividend from semi-annual to quarterly. Ahead of the bell, the shares of FAST are poised to open with a 0.7% drop.
Earnings Preview
There are no other notable reports on tap today. Keep your browser at SchaeffersResearch.com for more news as it breaks.
Economic Calendar
Today brings us the February trade balance, as well as import/export prices and the Treasury budget for March, while Wednesday will feature the Fed's Beige Book report for April, along with February's business inventories and the regularly scheduled update on crude inventories. As usual, weekly jobless claims are scheduled to hit the Street on Thursday. Inflation data also starts to roll in, with the release of the producer price index (PPI) and core PPI for March. The week wraps up with a flurry of economic data, including industrial production, capacity utilization, the consumer price index ( CPI ) and core CPI for March, the preliminary April Reuters/University of Michigan sentiment survey, and the Empire State manufacturing index for April.
Market Statistics
Equity option activity on the Chicago Board Options Exchange ( CBOE ) saw 1,118,835 call contracts traded on Monday, compared to 697,880 put contracts. The resultant single-session put/call ratio jumped to 0.62, while the 21-day moving average remained at 0.60.
Trading the News: A Contrarian View. Check out this special report from Bernie Schaeffer here.
Overseas Trading
Asian markets ended lower today, after safety authorities in Japan deemed the nuclear disaster a level 7 crisis -- the first since the 1986 Chernobyl disaster. Along with Tokyo Electric Power Co., which fell 10% after regulators widened the evacuation zone around its crippled Fukushima Daiichi plant, energy and commodity stocks paced the broad-market retreat amid concerns about easing crude demand. By the close, Japan's Nikkei surrendered 1.7%, Hong Kong's Hang Seng gave back 1.3%, and South Korea's Kospi fell almost 1.6%.
European stocks are also in the red at midday, as investors digest Japan's elevated assessment of the nuclear disaster. Furthermore, weaker-than-anticipated earnings from U.S. bellwether Alcoa are weighing on stocks across the pond, as are diminishing commodity prices. At last check, London's FTSE 100 has backpedaled 0.9%, France's CAC 40 has fallen almost 1.1%, and Germany's DAX has given up 1%.
Currencies and Commodities
After trekking higher on Monday, the greenback has lost some ground this morning, with the U.S. dollar index down 0.1%. Elsewhere, crude futures have continued their retreat from multi-year high territory, thanks to concerns about ebbing demand. In electronic trading, the May crude futures contract has given up almost 0.3% to trade beneath the $110-per-barrel marker. Finally, gold futures have also extended their pullback from record highs. At last check, the front-month contract has fallen 0.4% to trade at $1,462.50 an ounce.
Unusual Put and Call Activity:
For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations .
Every morning, our research staff analyzes the prior day and the overnight markets, and monitors the morning wires to give you an accurate preview of the day to come. If you enjoyed today's edition of Opening View, sign up here for free daily delivery, straight to your inbox, before the opening bell.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks finished Monday relatively flat, as traders exercised caution ahead of Alcoa's ( AA ) earnings-season opener . Last night, Alcoa Inc. (AA - 17.77) said it banked a first-quarter profit of $308 million, or 27 cents per share, while revenue increased 22% to $5.96 billion. Nevertheless, investors are jeering the firm's disappointing sales and lackluster margins, with the shares of AA flirting with a 3% deficit ahead of the bell.
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Stocks finished Monday relatively flat, as traders exercised caution ahead of Alcoa's ( AA ) earnings-season opener . Last night, Alcoa Inc. (AA - 17.77) said it banked a first-quarter profit of $308 million, or 27 cents per share, while revenue increased 22% to $5.96 billion. Nevertheless, investors are jeering the firm's disappointing sales and lackluster margins, with the shares of AA flirting with a 3% deficit ahead of the bell.
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In pre-market trading, however, the encouraging news has been somewhat overshadowed by AA's disappointing earnings report, with the shares of PG down 0.1% at last check. Stocks finished Monday relatively flat, as traders exercised caution ahead of Alcoa's ( AA ) earnings-season opener . Last night, Alcoa Inc. (AA - 17.77) said it banked a first-quarter profit of $308 million, or 27 cents per share, while revenue increased 22% to $5.96 billion.
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In pre-market trading, however, the encouraging news has been somewhat overshadowed by AA's disappointing earnings report, with the shares of PG down 0.1% at last check. Stocks finished Monday relatively flat, as traders exercised caution ahead of Alcoa's ( AA ) earnings-season opener . Last night, Alcoa Inc. (AA - 17.77) said it banked a first-quarter profit of $308 million, or 27 cents per share, while revenue increased 22% to $5.96 billion.
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1787.0
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2011-04-12 00:00:00 UTC
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Market Wrap-Up for Apr.12 (AA, PG, CSX, ANF, TWC, more)
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AA
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https://www.nasdaq.com/articles/market-wrap-apr12-aa-pg-csx-anf-twc-more-2011-04-12
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nan
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nan
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More bad news out of Japan this morning on the country's escalating nuclear crisis certainly put a damper on the markets early on, with buyers deciding to stay away for pretty much the duration of the day. Again, we urge investors to use extreme caution if one is considering any Japan-based investments. The Wall Street pundits were too quick to call for a "buying opportunity" in the region in our opinion. This is a country whose economic situation was not good before the earthquake/tsunami struck, so a recovery will likely take a long time and include several setbacks.
Looking at our markets here, we recognize the potential for selling and have made some adjustments to our "Best Dividend Stocks" List . Please check out the link below if you did not read the e-mail alert we sent out earlier, showing which four names were removed from our recommended list.
Getting into some of today's winners and losers, Alcoa ( AA ) didn't exactly kick off earnings season in style last night, and the stock sold off on the results (down 6% by the close). Elsewhere, Wall Street downgrades were felt a bit harder in today's action. Specifically, shares of Abercrombie & Fitch ( ANF ), CSX Corp ( CSX ), and Sony ( SNE ) all traded down. You know the tape is soft when upgrades were buckling as well. One of the names we have liked Time Warner Cable ( TWC ) saw some red despite an analyst raising estimates. Lastly, Procter & Gamble ( PG ) bucked the selling on news the company has raised its dividend payout by 9%. This latest increase marks the 55th consecutive year the company has raised its dividend payout.
It's amazing how often I run into someone that is caught in some kind of rut. It's not usually one thing, but it seems almost everything in their life is all tangled up. What people fail to realize is that the mindset can change how you see your present situation. If a person doesn't discover what makes them want to become more successful, they will likely struggle in various aspects of their lives. Having goals and dreams is the motivating factor that should start the push out of one's rut. Every person has the ability to become a special talent in their own way. Most people aren't born with rare talents, but instead hone their skills throughout one's lifetime. For some people it takes time to find what they are talented at, while some accept the judgment of others they are not ever going to amount to much in life.
I look at my life and my experiences and can recall many times I could have just stayed in what I was doing and accepted my role in the working world, but I challenged myself to make things happen. When it came to learning everything I know about the markets, I taught myself. Every evening I read and followed the markets. I developed different strategies and figured out different formulas on how the markets would react to different events. I studied the history of many individual stocks, read almost every book I could find on the markets. Every financial magazine I would subscribe to. I threw myself into the world of the markets entirely, knowing the returns of my studying could be immense and alter the course of my life. Here I was already doing well as an entrepreneur (owning a family food business at age 23), but I was not satisfied with just accomplishing that. I knew I had to learn the one key thing that many wealthy people would often talk about in books. That was to make your money work for you. You need to own assets that produce income. Owning your own home is technically not an asset when you think of it in that sense, but it is for many the source of their entire nest egg. Instead, you need to develop income streams to begin to see your net worth increase substantially.
The best ways to start that today in my opinion and based on the data we have seen results from the last 80 plus years is in quality dividend-paying stocks. I can't stress enough the power of compound interest. You take a small amount of money and turn it into a large amount over time. Patience and consistency is required, but we all need to begin practicing some discipline if we are going to get the financial ship headed in the right direction.
Think about buying up assets as the rich & wealthy do. My favorite assets are dividend-paying stocks and if you can find a good deal, real estate that throws off positive cash flow (multi-family buildings - especially if you can buy your first ever property and you live in one of the units, with tenants covering your expenses). I mention real estate because it is an area that we all deal with in our lives. But like we do with our dividend stock ratings system, you need to make sure any real estate you buy is indeed an asset and can truly throw off positive cash flow. Don't ever force a purchase based on potential. Numbers are the clear facts and if you don't see them now, why pay up for potential. If you decide to never buy real estate (as some people have sworn off they will never do - after the real estate bubble popped), I want you to consider saving 2-3 times what you normally would and get that money into quality dividend-paying stocks so you at least get the asset income stream maximized as much as possible.
This is how the wealthy build their nest egg. There's no reason that we all can't follow this simple to understand strategy. We do all the homework for you when it comes to finding the best dividend stocks for your money now. It's up to you to take it from there.
I had a great time on Mark Cope's show last night in Dallas. Tomorrow morning, I will be on "DayBreak USA" with Scott West live from 8:35 am - 8:45 am Est. The show is part of the USA Radio Network.
Thanks for reading, and I'll see you tomorrow! P.S. Please pass this e-mail on to someone you think can use some financial motivation. Thanks again!
P.S. Please keep the Amazon.com book reviews coming for my "Be a Dividend Millionaire" . If you haven't gotten a chance to check out the book yet, please do so. Whether you're a new investor or a seasoned veteran, there's tons of easy-to-understand investing wisdom to draw from in there. Thanks again!
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Getting into some of today's winners and losers, Alcoa ( AA ) didn't exactly kick off earnings season in style last night, and the stock sold off on the results (down 6% by the close). More bad news out of Japan this morning on the country's escalating nuclear crisis certainly put a damper on the markets early on, with buyers deciding to stay away for pretty much the duration of the day. My favorite assets are dividend-paying stocks and if you can find a good deal, real estate that throws off positive cash flow (multi-family buildings - especially if you can buy your first ever property and you live in one of the units, with tenants covering your expenses).
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Getting into some of today's winners and losers, Alcoa ( AA ) didn't exactly kick off earnings season in style last night, and the stock sold off on the results (down 6% by the close). This latest increase marks the 55th consecutive year the company has raised its dividend payout. My favorite assets are dividend-paying stocks and if you can find a good deal, real estate that throws off positive cash flow (multi-family buildings - especially if you can buy your first ever property and you live in one of the units, with tenants covering your expenses).
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Getting into some of today's winners and losers, Alcoa ( AA ) didn't exactly kick off earnings season in style last night, and the stock sold off on the results (down 6% by the close). My favorite assets are dividend-paying stocks and if you can find a good deal, real estate that throws off positive cash flow (multi-family buildings - especially if you can buy your first ever property and you live in one of the units, with tenants covering your expenses). But like we do with our dividend stock ratings system, you need to make sure any real estate you buy is indeed an asset and can truly throw off positive cash flow.
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Getting into some of today's winners and losers, Alcoa ( AA ) didn't exactly kick off earnings season in style last night, and the stock sold off on the results (down 6% by the close). Looking at our markets here, we recognize the potential for selling and have made some adjustments to our "Best Dividend Stocks" List . The best ways to start that today in my opinion and based on the data we have seen results from the last 80 plus years is in quality dividend-paying stocks.
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1788.0
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2011-04-12 00:00:00 UTC
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Mid Day Update: Stocks Firmly Lower; Trade Deficit, Japan's Nuclear Situation Weigh
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AA
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https://www.nasdaq.com/articles/mid-day-update-stocks-firmly-lower-trade-deficit-japans-nuclear-situation-weigh-2011-04-12
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nan
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nan
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Here's where markets stand at mid-day:
-NYSE down 100.88 (-1.19%) to 8,344
-DJIA down 122.08 (-0.99%) to 12,259.03
-S&P 500 down 12.27 (-0.93%) to 1,312.17
-Nasdaq down 28.20 (-1.02%) to 2,743.26
GLOBAL SENTIMENT
Hang Seng down 1.34%
Nikkei down 1.69%
FTSE down 1.47%
MID-DAY NYSE INDEX WATCH
NYSE Energy down 3.07% at 13,785.54
NYSE Financial down 0.94% at 5,158.52
NYSE Health Care down 0.14% at 6,896.41
NYSE Arca Tech 100 down 1.01% at 1,135.25
UPSIDE MOVERS
(+) AVII (+3.7%) initiated with Overweight rating.
(+) EXEL (+5.5%) reportedly mulling takeover offers.
DOWNSIDE MOVERS
(-) LVLT (-1.7%) upgraded.
(-) CSCO (-0.5%) exiting some parts of consumer business, to take charge.
(-) GMXR (-4.6%) reports production levels up over year ago.
(-) PPL (+1.9%) prices offering.
(-) FAST (-4.3%) beats with Q1 results.
(-) AA (-6.4%) continues evening decline as investors respond to disappointing revenue, margins.
(-) CSX (-0.9%) downgraded.
(-) ELN (-2.1%) downgraded.
(-) DEO (-1.0%) down despite Jefferies Buy rating.
(-) NOK (-3.4%) rolls out new handsets using Symbian.
(-) C (-1.1%) selling Primerica shares.
(-) WMS (-16.5%) continues evening drop that followe disappointing guidance.
(-) ANF (-2.0%) downgraded.
MARKET DIRECTION
Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday. Meanwhile, new data showed the U.S. trade gap narrowed less than expected and news from Japan showed a worsening of the situation with one of its nuclear reactors, weighing on stocks.
Alcoa late Monday reported a Q1 profit of $0.27 compared to a loss of $0.20 in the same period a year ago. EPS from continuing ops ex-items were $0.28. The Thomson Reuters mean analyst estimate was for $0.27. Revenue of $6.0 billion is up 22% over first quarter 2010. The Street looked for $6.07 billion. At
least one downgrade of the stock emerged this morning.
In economic news, data showed the U.S. trade gap narrowed in February though not as dramatically as economists predicted, to $45.8 billion. Import prices did jump 2.7%, which will add to the recent conversation on global inflation.
Meanwhile, the International Energy Agency on Monday said global oil production fell by 700,000 barrels a day in March on reduced Libyan crude supply. Supply from the Organization of Petroleum Exporting Countries, or OPEC, fell by 890,000 barrels a day in March to 29.2 million barrels on a near 70% drop in Libyan output, the agency said in its monthly report.
Also, Japanese regulators on Tuesday assessed the crisis at the nation's damaged nuclear facility as level 7, the highest possible on an international scale, but said the amount of radiation released is around 10% that of the accident at Chernobyl in the former Soviet Union.
In company news:
Cisco ( CSCO ) announced that it will exit aspects of its consumer businesses and realign the remaining consumer business to support four of its five key company priorities -- core routing, switching and services; collaboration; architectures; and video. In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011.
Exelixis ( EXEL ) rises after Bloomberg reports that the company is working with Goldman Sachs Group to field potential takeover offers after clinical-trial results showed an experimental drug helped prostate-cancer patients, according to people with knowledge of the matter.
Nokia ( NOK ) launches two new handsets using the latest update of its Symbian software. The Nokia E6 is a business smartphone with a full qwerty keyboard that offers access to Microsoft Exchange among other applications. The X7 is focused on entertainment, with a large display for gaming, an 8 megapixel camera and high-definition-quality video.
eBay ( EBAY ) announced today that it has entered into an agreement to acquire additional shares in GittiGidiyor, an online marketplace in Turkey. EBAY already owns a minority stake in the company since 2007. Once the transaction is completed, EBAY will own approximately 93% of the outstanding shares of GittiGidiyor. Terms of the deal were not disclosed.
Shares of Alliance HealthCare Services (AIQ) are up 8.47% after the company raised its full year guidance for 2011. The company stated that it expects revenue within the range of $500 million to $530 million, up from it previous guidance range of $475 million to $505 million. Analysts expect revenues for 2011 to be $482.97 million, according to a poll by Thomson Reuters.
Commodities are down as June gold contracts are down $17, or 1.12%, to $1,451 an ounce while May crude oil contacts are down 3.21%, or $3.53, at $106.38 a barrel.
In energy ETFs, the United States Oil Fund (USO) is down 2.64% to $42.48 and the United States Natural Gas fund (UNG) is down $1.02, or 0.11%, to $10.67.
In precious metal ETFs, the SPDR Gold Trust (GLD) is down 0.94% at $141.32. Market Vectors Gold Miners (GDX) is down 1.74% to $61.02. iShares Silver Trust (SLV) is down 0.54% to $38.99.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011. (-) AA (-6.4%) continues evening decline as investors respond to disappointing revenue, margins. Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday.
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(-) AA (-6.4%) continues evening decline as investors respond to disappointing revenue, margins. Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday. In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011.
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(-) AA (-6.4%) continues evening decline as investors respond to disappointing revenue, margins. Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday. In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011.
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(-) AA (-6.4%) continues evening decline as investors respond to disappointing revenue, margins. Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday. In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011.
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1789.0
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2011-04-12 00:00:00 UTC
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Alcoa’s Q2 Profit Beats, but Revenue Misses (AA)
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AA
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https://www.nasdaq.com/articles/alcoas-q2-profit-beats-revenue-misses-aa-2011-04-12
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nan
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nan
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Aluminum producer Alcoa Inc. ( AA ) late Monday said it swung to a first quarter profit, beating analyst estimates, although its revenue fell short of expectations.
The Pittsburgh-based company reported first quarter net income of $308 million, or 27 cents per share, compared with a net loss of $201 million, or -20 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 28 cents per share.
Revenue surged 22% from last year on sharply higher aluminum prices, to $5.96 billion.
On average, Wall Street analysts expected a slightly smaller profit of 27 cents per share, albeit on higher revenue of $6.08 billion.
Alcoa shares fell 68 cents, or -3.9%, in premarket trading Tuesday.
The Bottom Line
Shares of Alcoa ( AA ) have a .68% dividend yield, based on last night's closing stock price of $17.77. The stock has technical support in the $15-$16 price area. If the shares can firm up, we see overhead resistance around the $18-$19 price levels.
Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aluminum producer Alcoa Inc. ( AA ) late Monday said it swung to a first quarter profit, beating analyst estimates, although its revenue fell short of expectations. The Bottom Line Shares of Alcoa ( AA ) have a .68% dividend yield, based on last night's closing stock price of $17.77. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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Aluminum producer Alcoa Inc. ( AA ) late Monday said it swung to a first quarter profit, beating analyst estimates, although its revenue fell short of expectations. The Bottom Line Shares of Alcoa ( AA ) have a .68% dividend yield, based on last night's closing stock price of $17.77. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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The Bottom Line Shares of Alcoa ( AA ) have a .68% dividend yield, based on last night's closing stock price of $17.77. Aluminum producer Alcoa Inc. ( AA ) late Monday said it swung to a first quarter profit, beating analyst estimates, although its revenue fell short of expectations. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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Aluminum producer Alcoa Inc. ( AA ) late Monday said it swung to a first quarter profit, beating analyst estimates, although its revenue fell short of expectations. The Bottom Line Shares of Alcoa ( AA ) have a .68% dividend yield, based on last night's closing stock price of $17.77. Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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1790.0
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2011-04-12 00:00:00 UTC
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US Indexes Broadly Lower; Alcoa Earnings, Trade Gap Weigh on Stocks
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AA
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https://www.nasdaq.com/articles/us-indexes-broadly-lower-alcoa-earnings-trade-gap-weigh-stocks-2011-04-12
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nan
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nan
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Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday. Meanwhile, new data showed the U.S. trade gap narrowed less than expected and news from Japan showed a worsening of the situation with one of its nuclear reactors, weighing on stocks.
Alcoa late Monday reported a Q1 profit of $0.27 compared to a loss of $0.20 in the same period a year ago. EPS from continuing ops ex-items were $0.28. The Thomson Reuters mean analyst estimate was for $0.27. Revenue of $6.0 billion is up 22% over first quarter 2010. The Street looked for $6.07 billion. At
least one downgrade of the stock emerged this morning.
In economic news, data showed the U.S. trade gap narrowed in February though not as dramatically as economists predicted, to $45.8 billion. Import prices did jump 2.7%, which will add to the recent conversation on global inflation.
Meanwhile, the International Energy Agency on Monday said global oil production fell by 700,000 barrels a day in March on reduced Libyan crude supply. Supply from the Organization of Petroleum Exporting Countries, or OPEC, fell by 890,000 barrels a day in March to 29.2 million barrels on a near 70% drop in Libyan output, the agency said in its monthly report.
Also, Japanese regulators on Tuesday assessed the crisis at the nation's damaged nuclear facility as level 7, the highest possible on an international scale, but said the amount of radiation released is around 10% that of the accident at Chernobyl in the former Soviet Union.
In company news:
Cisco ( CSCO ) announced that it will exit aspects of its consumer businesses and realign the remaining consumer business to support four of its five key company priorities -- core routing, switching and services; collaboration; architectures; and video. In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011.
Exelixis ( EXEL ) rises after Bloomberg reports that the company is working with Goldman Sachs Group to field potential takeover offers after clinical-trial results showed an experimental drug helped prostate-cancer patients, according to people with knowledge of the matter.
Nokia ( NOK ) launches two new handsets using the latest update of its Symbian software. The Nokia E6 is a business smartphone with a full qwerty keyboard that offers access to Microsoft Exchange among other applications. The X7 is focused on entertainment, with a large display for gaming, an 8 megapixel camera and high-definition-quality video.
eBay ( EBAY ) announced today that it has entered into an agreement to acquire additional shares in GittiGidiyor, an online marketplace in Turkey. EBAY already owns a minority stake in the company since 2007. Once the transaction is completed, EBAY will own approximately 93% of the outstanding shares of GittiGidiyor. Terms of the deal were not disclosed.
Shares of Alliance HealthCare Services (AIQ) are up 8.47% after the company raised its full year guidance for 2011. The company stated that it expects revenue within the range of $500 million to $530 million, up from it previous guidance range of $475 million to $505 million. Analysts expect revenues for 2011 to be $482.97 million, according to a poll by Thomson Reuters.
Commodities are down as June gold contracts are down $17, or 1.12%, to $1,451 an ounce while May crude oil contacts are down 3.21%, or $3.53, at $106.38 a barrel.
In energy ETFs, the United States Oil Fund (USO) is down 2.64% to $42.48 and the United States Natural Gas fund (UNG) is down $1.02, or 0.11%, to $10.67.
In precious metal ETFs, the SPDR Gold Trust (GLD) is down 0.94% at $141.32. Market Vectors Gold Miners (GDX) is down 1.74% to $61.02. iShares Silver Trust (SLV) is down 0.54% to $38.99.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011. Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday. Also, Japanese regulators on Tuesday assessed the crisis at the nation's damaged nuclear facility as level 7, the highest possible on an international scale, but said the amount of radiation released is around 10% that of the accident at Chernobyl in the former Soviet Union.
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Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday. In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011. In economic news, data showed the U.S. trade gap narrowed in February though not as dramatically as economists predicted, to $45.8 billion.
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Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday. In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011. Supply from the Organization of Petroleum Exporting Countries, or OPEC, fell by 890,000 barrels a day in March to 29.2 million barrels on a near 70% drop in Libyan output, the agency said in its monthly report.
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Stocks are broadly lower in morning trade as earnings season gets underway following Alcoa's ( AA ) earnings report after the closing bell yesterday. In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during the third and fourth quarters of fiscal 2011. Revenue of $6.0 billion is up 22% over first quarter 2010.
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1791.0
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2011-04-11 00:00:00 UTC
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Stocks Mixed as Crude Oil Backs Off Highs; Investors Eye Alcoa Earnings
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AA
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https://www.nasdaq.com/articles/stocks-mixed-crude-oil-backs-highs-investors-eye-alcoa-earnings-2011-04-11
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nan
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nan
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Stocks are mixed in mid-day trading as investors begin to eye corporate earnings, which are set to get underway after the closing bell today. With no economic news on the calendar, deal news also provided some support to equities.
Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon. AA is expected to show the benefit of a strong rise in the price of aluminum since last year. Analysts surveyed by FactSet Research expect the aluminum giant to earn $0.27 a share on revenue of $6.14 billion, up from $0.10 a share on revenue of $4.89 million in the same period a year ago.
Elsewhere in company news:
The parent company of the New York Stock Exchange, NYSE Euronext ( NYX ) said Sunday that it rejected an $11.3 billion bid from Nasdaq ( NDAQ ) and IntercontinentalExchange ( ICE ) to buy the company. NYSE Euronext said that its board decided to turn down the offer, which was submitted earlier this month, because it was "highly conditional" and would have caused unnecessary risk for shareholders. The company said it is sticking with its plan to combine with German exchange operator Deutsche Boerse AG. NYSE agreed to that $10 billion deal in February.
Shares of both Tenet Healthcare ( THC ) and Community Health Systems, Inc. plummeted today as Tenet filed a lawsuit against CHS alleging that the latter "systematically overbilled Medicare and likely other payers as well."
Shares of Sony Corp. (SNE) are down in late trading as the consumer electronics maker cut European prices for its PlayStation Portable video-game player by 24 percent, Bloomberg reports.
Merck & Co (MRK) and Mumbai-based pharmaceutical company Sun Pharmaceutical Industries announced today the creation of a joint venture to develop, manufacture and commercialize new combinations and formulations of branded generics in the emerging markets.
Level 3 Communications (LVLT) surged after it says it will buy Global Crossing (GLBC) in a tax-free, stock-for-stock transaction. GLBC shareholders will receive 16 shares of LVLT common stock for each share of GLBC common stock or preferred stock that is owned at closing.
In an effort to help end its US economic slump, retail giant Wal-Mart (WMT) plans to return 8,500 products to store shelves, also in the hopes of reversing its seven-quarter decline. On top of its new ad campaigns, the retailer is promising to match local store prices. Company CEO Mike Duke also plans to open smaller Express stores to recapture market share lost to dollar stores.
Shares of BHP Billiton (BHP) are higher as Bloomberg reports the world's largest mining company squelched speculation that it plans to buy Royal Dutch Shell's stake in Woodside Petroleum. The Sunday Times reported Sunday that BHP was in talks with Shell, who was being advised by UBS.
Commodities are down. June gold contracts are down $3, or 0.22%, to $1,471 an ounce while May crude oil contacts are down 1.28%, or $1.45, at $111.34 a barrel.
In energy ETFs, the United States Oil Fund (USO) is down 1.53% to $44.47 and the United States Natural Gas fund (UNG) is up $0.24, or 2.27%, to $10.82.
In precious metal ETFs, the SPDR Gold Trust (GLD) is down 0.27% at $143.27. Market Vectors Gold Miners (GDX) is down 0.59% to $63.57. iShares Silver Trust (SLV) is up 0.79% to $40.18.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon. AA is expected to show the benefit of a strong rise in the price of aluminum since last year. NYSE Euronext said that its board decided to turn down the offer, which was submitted earlier this month, because it was "highly conditional" and would have caused unnecessary risk for shareholders.
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Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon. AA is expected to show the benefit of a strong rise in the price of aluminum since last year. Analysts surveyed by FactSet Research expect the aluminum giant to earn $0.27 a share on revenue of $6.14 billion, up from $0.10 a share on revenue of $4.89 million in the same period a year ago.
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Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon. AA is expected to show the benefit of a strong rise in the price of aluminum since last year. Elsewhere in company news: The parent company of the New York Stock Exchange, NYSE Euronext ( NYX ) said Sunday that it rejected an $11.3 billion bid from Nasdaq ( NDAQ ) and IntercontinentalExchange ( ICE ) to buy the company.
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Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon. AA is expected to show the benefit of a strong rise in the price of aluminum since last year. Stocks are mixed in mid-day trading as investors begin to eye corporate earnings, which are set to get underway after the closing bell today.
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1792.0
|
2011-04-11 00:00:00 UTC
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Mid-Day Update: Stocks Mixed as Corporate Earnings Remain in Focus
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AA
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https://www.nasdaq.com/articles/mid-day-update-stocks-mixed-corporate-earnings-remain-focus-2011-04-11
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nan
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nan
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Here's where markets stand at mid-day:
-NYSE up 9.94 (+0.12%) to 8,493.88
-DJIA up 47.61 (+0.38%) to 12,427.66
-S&P 500 up 2.20 (+0.17%) to 1,329.85
-Nasdaq down 3.72 (-0.14%) to 2,776.34
GLOBAL SENTIMENT
Hang Seng down 0.38%
Nikkei down 0.5%
FTSE down 0.04%
MID-DAY NYSE INDEX WATCH
NYSE Energy down 0.26% at 14,421.36
NYSE Financial up 0.36% at 5,222.04
NYSE Health Care up 0.4% at 6,913.36
NYSE Arca Tech 100 down 0.05% at 1,148.08
UPSIDE MOVERS
(+) LVLT (+10.4%) buying Global Crossing.
(+) GLBC (+57.4%) sold for $23.04 a share.
(+) AMMD (+31.9%) sold to Endo Pharma for $30 a share.
(+) TYC (+3.6%) reportedly shown bid interest.
(+) AA (+0.6%) gaining ahead of earnings.
(+) VVUS (+2.6%) gains as QNEXA weight loss data published.
(+) TSTY (+146.6%) sold for $4 per share.
DOWNSIDE MOVERS
(-) MDVN (-0.8%) says Dimebon does not meet co-primary endpoints in study.
(-) NYX (-1.9%) rejects Nasdaq, ICE bid to stick with Deutsche Boerse plan.
(-) AAP (-1.6%) downgraded.
(-) IBM (-0.2%) downgraded.
MARKET DIRECTION
Stocks are mixed in mid-day trading as investors begin to eye corporate earnings, which are set to get underway after the closing bell today. With no economic news on the calendar, deal news also provided some support to equities.
Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon. AA is expected to show the benefit of a strong rise in the price of aluminum since last year. Analysts surveyed by FactSet Research expect the aluminum giant to earn $0.27 a share on revenue of $6.14 billion, up from $0.10 a share on revenue of $4.89 million in the same period a year ago.
Elsewhere in company news:
The parent company of the New York Stock Exchange, NYSE Euronext ( NYX ) said Sunday that it rejected an $11.3 billion bid from Nasdaq ( NDAQ ) and IntercontinentalExchange ( ICE ) to buy the company. NYSE Euronext said that its board decided to turn down the offer, which was submitted earlier this month, because it was "highly conditional" and would have caused unnecessary risk for shareholders. The company said it is sticking with its plan to combine with German exchange operator Deutsche Boerse AG. NYSE agreed to that $10 billion deal in February.
Shares of both Tenet Healthcare ( THC ) and Community Health Systems, Inc. plummeted today as Tenet filed a lawsuit against CHS alleging that the latter "systematically overbilled Medicare and likely other payers as well."
Shares of Sony Corp. (SNE) are down in late trading as the consumer electronics maker cut European prices for its PlayStation Portable video-game player by 24 percent, Bloomberg reports.
Merck & Co (MRK) and Mumbai-based pharmaceutical company Sun Pharmaceutical Industries announced today the creation of a joint venture to develop, manufacture and commercialize new combinations and formulations of branded generics in the emerging markets.
Level 3 Communications (LVLT) surged after it says it will buy Global Crossing (GLBC) in a tax-free, stock-for-stock transaction. GLBC shareholders will receive 16 shares of LVLT common stock for each share of GLBC common stock or preferred stock that is owned at closing.
In an effort to help end its US economic slump, retail giant Wal-Mart (WMT) plans to return 8,500 products to store shelves, also in the hopes of reversing its seven-quarter decline. On top of its new ad campaigns, the retailer is promising to match local store prices. Company CEO Mike Duke also plans to open smaller Express stores to recapture market share lost to dollar stores.
Shares of BHP Billiton (BHP) are higher as Bloomberg reports the world's largest mining company squelched speculation that it plans to buy Royal Dutch Shell's stake in Woodside Petroleum. The Sunday Times reported Sunday that BHP was in talks with Shell, who was being advised by UBS.
Commodities are down. June gold contracts are down $3, or 0.22%, to $1,471 an ounce while May crude oil contacts are down 1.28%, or $1.45, at $111.34 a barrel.
In energy ETFs, the United States Oil Fund (USO) is down 1.53% to $44.47 and the United States Natural Gas fund (UNG) is up $0.24, or 2.27%, to $10.82.
In precious metal ETFs, the SPDR Gold Trust (GLD) is down 0.27% at $143.27. Market Vectors Gold Miners (GDX) is down 0.59% to $63.57. iShares Silver Trust (SLV) is up 0.79% to $40.18.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(+) AA (+0.6%) gaining ahead of earnings. (-) AAP (-1.6%) downgraded. Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon.
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(+) AA (+0.6%) gaining ahead of earnings. (-) AAP (-1.6%) downgraded. Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon.
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(+) AA (+0.6%) gaining ahead of earnings. (-) AAP (-1.6%) downgraded. Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon.
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(+) AA (+0.6%) gaining ahead of earnings. (-) AAP (-1.6%) downgraded. Alcoa's ( AA ) latest results kick off another round of corporate results, beginning in post-bell this afternoon.
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1793.0
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2011-04-11 00:00:00 UTC
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The One Sector to Buy in a Flat-Lining Market
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AA
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https://www.nasdaq.com/articles/one-sector-buy-flat-lining-market-2011-04-11
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nan
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nan
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On Friday, investors seemed more focused on the federal government's budget negotiations and on upcoming Q1 earnings than on buying or selling stocks. Q1 earnings start today, with Alcoa (NYSE: AA ) reporting after the close, and some analysts have been saying that comparisons with last year's results could be difficult. Many of the weekend financial publications concluded that these were the reasons for such a disinterest in stocks.
From a technical point of view, it is not important why stocks turned lower - only that they did. Nor is it significant why volume fell to a fraction of what it was this time last year. But it is important that momentum has fallen sharply following the December to late-February rally - and is still falling (see S&P 500 green momentum histogram). Stubborn trends like falling momentum are difficult to reverse and often lead to falling stock prices.
It is fair to say that disinterest in stocks has resulted in a daily range of trading (high/lows) that has become so narrow that as one analyst put it, "the indices have flat-lined." That flat-line is clearly shown on the S&P 500 at the 1,332 line. Technicians call this a "major resistance line," and until that line is decisively broken, momentum will continue to fall and investors should remain cautious and defensive.
But despite the lethargy in the overall market, it is seldom that there isn't a single sector in which to invest since the causes of lethargy and even fear create opportunities in other areas. Currently the broad sectors that are advancing include commodities such as food products like cattle, pork bellies, corn, etc. And gold, silver and energy again led with vigor, especially the Canadian markets.
Despite the steep angle of advance seen with silver and other commodities, these groups continue to offer investors the best opportunity for near-term success due to their ability to offset the possible future inflationary trend referred discusses by the Fed at their recent FOMC meeting.
For one silver stock to buy now, see the Trade of the Day .
Today's Trading Landscape
To see a list of the companies reporting earnings today, click here .
For a list of this week's economic reports due out, click here .
If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Q1 earnings start today, with Alcoa (NYSE: AA ) reporting after the close, and some analysts have been saying that comparisons with last year's results could be difficult. On Friday, investors seemed more focused on the federal government's budget negotiations and on upcoming Q1 earnings than on buying or selling stocks. Despite the steep angle of advance seen with silver and other commodities, these groups continue to offer investors the best opportunity for near-term success due to their ability to offset the possible future inflationary trend referred discusses by the Fed at their recent FOMC meeting.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Q1 earnings start today, with Alcoa (NYSE: AA ) reporting after the close, and some analysts have been saying that comparisons with last year's results could be difficult. Today's Trading Landscape To see a list of the companies reporting earnings today, click here .
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Q1 earnings start today, with Alcoa (NYSE: AA ) reporting after the close, and some analysts have been saying that comparisons with last year's results could be difficult. Stubborn trends like falling momentum are difficult to reverse and often lead to falling stock prices. Technicians call this a "major resistance line," and until that line is decisively broken, momentum will continue to fall and investors should remain cautious and defensive.
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Q1 earnings start today, with Alcoa (NYSE: AA ) reporting after the close, and some analysts have been saying that comparisons with last year's results could be difficult. It is fair to say that disinterest in stocks has resulted in a daily range of trading (high/lows) that has become so narrow that as one analyst put it, "the indices have flat-lined." For one silver stock to buy now, see the Trade of the Day .
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1794.0
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2011-04-09 00:00:00 UTC
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Outlook for Freeport's Copper Sales from Grasberg Mines
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AA
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https://www.nasdaq.com/articles/outlook-freeports-copper-sales-grasberg-mines-2011-04-09
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nan
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nan
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Freeport's McMoran Copper's ( FCX ) copper sales from its Indonesian mines at Grasberg are facing hurdles due to the lower quality of copper ore being mined. This has caused the company to lower its copper output guidance by 17% for this year. While other miners such as Southern Copper (NYSE:PCU), Codelco and Newmont Mining ( NEM ) can profit from rising copper prices led by strong copper demand, the reduction in copper sales from Freeport's Indonesian mines can pressure the company's outlook (see Freeport Plagued by Lower Copper Ore Quality ). According to our analysis, Freeport derives roughly 26% of its stock value from its Indonesian copper mines.
But are the current high copper prices sustainable? If the price keeps increasing, manufacturers may choose to substitute copper with aluminum to save costs, thereby impacting Freeport's copper sales. While we anticipate Freeport's annual copper sales from the Indonesian mines will rise to 1.3 billion pounds by the end of our forecast period, Trefis members predict that sales could cross 1.4 billion.
We currently have a price estimate of $63.42 for Freeport McMoran Copper's stock , roughly 10% ahead of market price.
Importance of Grasberg Mine to Freeport
The Grasberg Mine in Indonesia is one of the largest copper and gold mines in the world. Freeport owns around 90% of PT Freeport Indonesia, which operates the Grasberg mine, while the Indonesian government owns the remainder. The mine currently has a production capacity of 80,000 metric tons of ore per day, and could reach 90,000 metric tons per day by 2012 and 240,000 metric tons by 2016. Despite having diversified operations in North America, South America and Africa, the Grasberg mine remains a key asset for Freeport.
The Grasberg mine, however, has experienced severe political and social strife over the past several years. The rebels in the eastern province of Papua, where the Grasberg mine is located, view the mine as a symbol of government exploitation of the area's natural resources. Regular attacks around the mine, in a politically volatile environment, could weigh on Freeport.
Aluminum as a Copper Substitute Could Hurt Freeport Sales
While Freeport is benefiting from rising copper prices due to increased demand from countries like China, this questions the sustainability of high copper prices in the long term. Aluminum is seen as a more cost-effective and feasible substitute for copper if the price of copper crosses the $3.5 per pound mark. In the last five years, aluminum has already substituted 2-3% of the copper market, and this number will likely increase. Alcoa ( AA ), the world's leading aluminum producer, predicts that if copper prices continue to rise at the current pace, then aluminum could potentially substitute 20% of the global annual refined copper market. (see: Long-Term Concerns for Freeport on High Copper Prices)
Trefis Community Forecast
Trefis members forecast that Freeport's copper sales from Indonesian mines could grow from 1.2 billion in 2010 to 1.4 billion by the end of our forecast period, compared to the baseline Trefis estimate of an increase to 1.3 billion during the same period. The member estimates imply a slight upside to our $63.42 price estimate for Freeport's stock.
See our complete analysis for Freeport McMoran Copper's stock here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ), the world's leading aluminum producer, predicts that if copper prices continue to rise at the current pace, then aluminum could potentially substitute 20% of the global annual refined copper market. Regular attacks around the mine, in a politically volatile environment, could weigh on Freeport. (see: Long-Term Concerns for Freeport on High Copper Prices) Trefis Community Forecast Trefis members forecast that Freeport's copper sales from Indonesian mines could grow from 1.2 billion in 2010 to 1.4 billion by the end of our forecast period, compared to the baseline Trefis estimate of an increase to 1.3 billion during the same period.
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Alcoa ( AA ), the world's leading aluminum producer, predicts that if copper prices continue to rise at the current pace, then aluminum could potentially substitute 20% of the global annual refined copper market. While other miners such as Southern Copper (NYSE:PCU), Codelco and Newmont Mining ( NEM ) can profit from rising copper prices led by strong copper demand, the reduction in copper sales from Freeport's Indonesian mines can pressure the company's outlook (see Freeport Plagued by Lower Copper Ore Quality ). While we anticipate Freeport's annual copper sales from the Indonesian mines will rise to 1.3 billion pounds by the end of our forecast period, Trefis members predict that sales could cross 1.4 billion.
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Alcoa ( AA ), the world's leading aluminum producer, predicts that if copper prices continue to rise at the current pace, then aluminum could potentially substitute 20% of the global annual refined copper market. Freeport's McMoran Copper's ( FCX ) copper sales from its Indonesian mines at Grasberg are facing hurdles due to the lower quality of copper ore being mined. While other miners such as Southern Copper (NYSE:PCU), Codelco and Newmont Mining ( NEM ) can profit from rising copper prices led by strong copper demand, the reduction in copper sales from Freeport's Indonesian mines can pressure the company's outlook (see Freeport Plagued by Lower Copper Ore Quality ).
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Alcoa ( AA ), the world's leading aluminum producer, predicts that if copper prices continue to rise at the current pace, then aluminum could potentially substitute 20% of the global annual refined copper market. We currently have a price estimate of $63.42 for Freeport McMoran Copper's stock , roughly 10% ahead of market price. Aluminum as a Copper Substitute Could Hurt Freeport Sales While Freeport is benefiting from rising copper prices due to increased demand from countries like China, this questions the sustainability of high copper prices in the long term.
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1795.0
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2011-04-09 00:00:00 UTC
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Alcoa's Carbon Capture Project is Green and Good for Business
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AA
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https://www.nasdaq.com/articles/alcoas-carbon-capture-project-green-and-good-business-2011-04-09
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nan
|
nan
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Alcoa ( AA ) recently announced its partnership with Condexis and CO2 Solutions to develop carbon capture technology for commercial uses. As the world leader in the production and management of primary aluminum, fabricated aluminum and alumina, the U.S. Department of Energy (DOE) has endorsed this project by helping finance it. Alcoa competes with other international metals and mining giants like Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ).
Our price estimate for Alcoa is $17.68 and roughly in line with the stock's market price.
Alcoa Aims to be Green
Alcoa has been focused on making its operations sustainable for quite some time now. The company's involvement in the carbon capture technology initiative seems to be the next step in that direction. The DOE contributed about $13.5 million to this project with other funding costs taken up by Alcoa.
The project intends to use a proprietary process employing an in-duct scrubber to reclaim the alkaline clay produced as the primary by-product of the aluminum manufacturing process. The scrubbed alkaline clay would then be combined with treated flue gas, which is a carbon-rich gas that is normally released into the atmosphere during the manufacturing process. The goal is use certain enzymes to get mineral-rich products that can be used in other industries.
…Which Could be Good for Business in the Long Run
Manufacturing companies around the world are struggling to find profitable ways of managing waste while they see rising costs associated with stringent environmental protection regulations. If Alcoa is able to show success in this pilot project, this would directly impact the profitability of the primary metals division, which processes raw alumina to manufacture aluminium.
We initially estimated that the division would be able to generate an EBITDA margin of close to 14% in the years to come. In a scenario where the carbon capture technology proves successful and can be implemented on a larger scale, then this margin inch higher in the coming years. If EBITDA margin increased to 17% in the next 5 years, this would imply a 10% upside for the company's stock price estimate bringing the value to nearly $18.20.
See our full analysis for Alcoa
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) recently announced its partnership with Condexis and CO2 Solutions to develop carbon capture technology for commercial uses. …Which Could be Good for Business in the Long Run Manufacturing companies around the world are struggling to find profitable ways of managing waste while they see rising costs associated with stringent environmental protection regulations. If Alcoa is able to show success in this pilot project, this would directly impact the profitability of the primary metals division, which processes raw alumina to manufacture aluminium.
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Alcoa ( AA ) recently announced its partnership with Condexis and CO2 Solutions to develop carbon capture technology for commercial uses. If Alcoa is able to show success in this pilot project, this would directly impact the profitability of the primary metals division, which processes raw alumina to manufacture aluminium. If EBITDA margin increased to 17% in the next 5 years, this would imply a 10% upside for the company's stock price estimate bringing the value to nearly $18.20.
|
Alcoa ( AA ) recently announced its partnership with Condexis and CO2 Solutions to develop carbon capture technology for commercial uses. The project intends to use a proprietary process employing an in-duct scrubber to reclaim the alkaline clay produced as the primary by-product of the aluminum manufacturing process. If Alcoa is able to show success in this pilot project, this would directly impact the profitability of the primary metals division, which processes raw alumina to manufacture aluminium.
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Alcoa ( AA ) recently announced its partnership with Condexis and CO2 Solutions to develop carbon capture technology for commercial uses. As the world leader in the production and management of primary aluminum, fabricated aluminum and alumina, the U.S. Department of Energy (DOE) has endorsed this project by helping finance it. The company's involvement in the carbon capture technology initiative seems to be the next step in that direction.
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1796.0
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2011-04-08 00:00:00 UTC
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Q1 Earnings Season to Begin April 11th as Alcoa (AA) Leads the Way
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AA
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https://www.nasdaq.com/articles/q1-earnings-season-begin-april-11th-alcoa-aa-leads-way-2011-04-08
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nan
|
nan
|
Alcoa ( AA ) is expected to report its first-quarter earnings on Monday, following the close of trading on the New York Stock Exchange. Alcoa is the traditional, unofficial kick-off to the quarterly earnings season.
The aluminum-producer is expected to report EPS of $0.27 on revenue of $6.30 billion, comparing favorably with EPS of $0.10 on revs of $4.89 billion from the first quarter of last year. Last quarter Alcoa had EPS of $0.21 on revs of $5.65 billion.
Traders and investors may want to take note of continually increasing commodity prices through the quarter, a possible boon for earnings.
Data from Bloomberg shows nine analysts have a Buy on the stock, six have a Hold, and two suggest to Sell. The analyst consensus price target range is $28 at the high end and $13 at the low end, with an average of $20. Alcoa has traded in a range of $18.47 - $9.81 over the last 52-weeks.
Goldman Sachs increased its outlook for Alcoa's first-quarter in mid-March, and now sees EPS of $0.28. The firm noted the daily average of aluminum in the quarter came in at $1.12 per pound, above Goldman's $1.04 per pound estimate.
The firm said, "We believe the recent strength in aluminum prices along with the seasonal improvement in most end markets will be the key drivers of Alcoa's earnings in 1Q. The recent acquisition of the aerospace fastener business from TransDigm should further strengthen the downstream business by increasing its leverage to the aerospace sector where we foresee significant improvement in the coming years. While we continue to be less optimistic on aluminum versus copper due to its inventory surplus and excess capacity, recent unrest in the Middle East and higher energy prices could provide a floor for aluminum prices in the near-term."
The firm has a Neutral rating and $17 price target on Alcoa.
Deutsche Bank is also looking for first-quarter EPS of $0.28 based on "higher sequential volumes and prices for Primary metals, Alumina and Flat-rolled products, which are partially offset by higher costs." First-quarter EBITDA should come in at $974 million according to Deutsche Bank.
The firm is looking "for Primary metals sales volume of 775k tons in Q111 (+4% Q/Q) at a realized aluminum price of $1.27/lb (+6% Q/Q), implying a $0.13 premium to $1.14/lb benchmark price (~15 day lag to LME quarter average), while LME aluminum traded between $1.08 - $1.20/lb in the quarter. On the flip-side, Q111 aluminum unit cash costs expected to increase to $1.02/lb (+6% Q/Q). Alumina segment sales volumes expected to reach 2.5m tons (+3% Q/Q) at an average realized price of $360/ton (+15% Q/Q), with benefit partially offset by anticipated higher unit cost of $253/ton (+7% Q/Q)."
Deutsche has a Buy rating and $22 price target.
Mark your calendars, here are some of the more notable earnings reports coming up in the next few weeks:
J.P. Morgan ( JPM ) April 13th
Google, Inc. (Nasdaq: GOOG) April 14th
Bank of America ( BAC ) April 15th
Citigroup ( C ), Haliburton ( HAL ) April 18th
Goldman Sachs (GS), Johnson & Johnson (JNJ), Intel (Nasdaq: INTC), Juniper (Nasdaq: JNPR), Yahoo! (Nasdaq: YHOO), US Bancorp (USB) April 19th
AT&T (T), Nasdaq OMX (Nasdaq: NDAQ), Apple, Inc. (Nasdaq: AAPL), Well Fargo (WFC), Yum! Brands (YUM) April 20th
FOrd (F), Nokia (NOK), Verizon (VZ), Advanced Micro Devices (AMD), McDonald's (MCD), General Electric (GE) April 21st
Netflix (Nasdaq: NFLX) April 25th
3M (MMM), Capella Education (Nasdaq: CPLA), Hershey (HSY), United Parcel Service (UPS), STMicroelectronics (STM), Broadcom (Nasdaq: BRCM) April 26th
Boeing (BA), BP Plc (BP), ConocoPhillips (COP), eBay (Nasdaq: EBAY), Starbucks (Nasdaq: SBUX) April 27th
AOL LLC (AOL), Bristol-Myers (NYSEL BMY), Exxon Mobil (XOM), IMAX Corp. (Nasdaq: IMAX), PepesiCo (PEP), Microsoft (Nasdaq: MSFT), Monster Worldwide (MWW) April 28th
Caterpillar (CAT) April 29th
MasterCard (MA), YRC Worldwide (Nasdaq: YRCW), Comcast (Nasdaq: CMCSA) May 3rd
Sirius XM (Nasdaq: SIRI), Time Warner (TWX), News Corp. (Nasdaq: NWSA) May 4th
DirecTV (DTV), Frontier Communications (FTR), MGM Resorts (MGM), Visa (V) May 5th
Disney (DIS) May 10th
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) is expected to report its first-quarter earnings on Monday, following the close of trading on the New York Stock Exchange. (Nasdaq: YHOO), US Bancorp (USB) April 19th AT&T (T), Nasdaq OMX (Nasdaq: NDAQ), Apple, Inc. (Nasdaq: AAPL), Well Fargo (WFC), Yum! The firm said, "We believe the recent strength in aluminum prices along with the seasonal improvement in most end markets will be the key drivers of Alcoa's earnings in 1Q.
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Alcoa ( AA ) is expected to report its first-quarter earnings on Monday, following the close of trading on the New York Stock Exchange. (Nasdaq: YHOO), US Bancorp (USB) April 19th AT&T (T), Nasdaq OMX (Nasdaq: NDAQ), Apple, Inc. (Nasdaq: AAPL), Well Fargo (WFC), Yum! The firm is looking "for Primary metals sales volume of 775k tons in Q111 (+4% Q/Q) at a realized aluminum price of $1.27/lb (+6% Q/Q), implying a $0.13 premium to $1.14/lb benchmark price (~15 day lag to LME quarter average), while LME aluminum traded between $1.08 - $1.20/lb in the quarter.
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Alcoa ( AA ) is expected to report its first-quarter earnings on Monday, following the close of trading on the New York Stock Exchange. (Nasdaq: YHOO), US Bancorp (USB) April 19th AT&T (T), Nasdaq OMX (Nasdaq: NDAQ), Apple, Inc. (Nasdaq: AAPL), Well Fargo (WFC), Yum! While we continue to be less optimistic on aluminum versus copper due to its inventory surplus and excess capacity, recent unrest in the Middle East and higher energy prices could provide a floor for aluminum prices in the near-term."
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Alcoa ( AA ) is expected to report its first-quarter earnings on Monday, following the close of trading on the New York Stock Exchange. (Nasdaq: YHOO), US Bancorp (USB) April 19th AT&T (T), Nasdaq OMX (Nasdaq: NDAQ), Apple, Inc. (Nasdaq: AAPL), Well Fargo (WFC), Yum! The firm said, "We believe the recent strength in aluminum prices along with the seasonal improvement in most end markets will be the key drivers of Alcoa's earnings in 1Q.
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1797.0
|
2011-04-08 00:00:00 UTC
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Market Wrap-Up for Apr.8 (EXPE, STX, CVS, COST, CLX, Warren Buffett, more)
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AA
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https://www.nasdaq.com/articles/market-wrap-apr8-expe-stx-cvs-cost-clx-warren-buffett-more-2011-04-08
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nan
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nan
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The market has had some interesting swings this week, but by week's end we closed fairly unchanged. However, the transports buckled late in the week as oil prices surged to close near $113 a barrel.
We added two new names to our "Best Dividend Stocks" List today. Be sure to check out the link below if you did not read the e-mail alert we sent out earlier.
Taking a look around the markets, Expedia ( EXPE ) closed 13% higher on news the company is spinning off its Trip Advisor unit. Investment bankers have convinced management to try and cash in on the private valuations that are being seen in the web space. CVS Caremark ( CVS ) rose 2% following an analyst call for CVS to consider splitting in two companies. The shares of the drug chain have languished since the company acquired pharmacy benefits play Caremark back in 2006. Shares of hard drive maker Seagate Technology ( STX ) were up 8% after the company re-initiated its dividend, which will sport a near 5% yield. On the downside today, we had shares of Costco ( COST ) and Clorox ( CLX ) moving lower following some negative analyst comments.
I wanted to take a look at what legendary Warren Buffett has known to preach about when it comes to building wealth. Some of his famous rules:
1. "Never lose money"
Well this is nearly impossible for any investor to even fathom. You need to realize there will be some times where an investment will sour and you will need to make a move to cut your losses. Unfortunately, too often investors will hold on to a stock that drifts lower, and in turn, dent the overall returns of the investment portfolio. The motto of not losing one is correct of course, but striving for perfection is unrealistic. I personally will always look at losses as part of my overall investor education.
2. "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ."
This one is spot on. So many individuals get intimidated by what they hear from business media and and pundits that the thought of trying to invest for themselves is laughed at. We all know this is not through and you have to just remain persistent in gaining investor knowledge (which we are trying to do on Dividend.com and this newsletter every day as well as by reading my "Be a Dividend Millionaire" book). Street smarts is so much more valuable in the end and many everyday people possess those traits to be winning investors. It's not hard at all, but you have to want to take charge of your own financial destiny. I have said this before, "NO ONE WILL CARE ABOUT YOUR MONEY MORE THAN YOU"!
3. "For investors as a whole, returns decrease as motion increases."
We all know my thoughts on trying to time the market. It is useless over the course of time to try and sidestep the bad months. They will come. It also hits home the fact why traders usually fail in their attempts to beat the markets and make a living at trading. Being consistent making money in the markets is one of the hardest things anyone will ever try and do (I did it for 13 years but it was time for me to put my entrepreneur uniform back on). The key is to know where to put money in the market each month, even in times of trouble. We keep our "Best Dividend Stocks" List updated to reflect where investors can put new money to work. When a name comes off the list, we recommend investors hold off putting new money in those particular dividend plays. We will occasionally mention dividend plays that are worth trimming (like weeds in a garden). We always recommend investors ring the register whenever any "aggressive" recommendations are removed. It's as simple as that. It's your job to make money available to invest so you can build wealth over the long term. Compound interest from your dividend-paying stocks will get you there, but you need to keep at it and get the money in position to work for you.
4. "After all, you only find out who is swimming naked when the tide goes out."
Bull markets tend to make every stock pundit look like a genius. It's when we get bear markets, mini-bear markets, or market swoons that really show investors who out there really knows what the heck to make of the markets. We are proud to be that source for the now 300K visitors that come to our site every month!
I'll be bringing more Warren Buffett anecdotes to you over time. Hope you enjoy my take on them!
Earnings reports beginning to head our way next week. Look for quarterly results from Alcoa ( AA ), JP Morgan ( JPM ) and Bank of America ( BAC ) to pace the action next week.
Be sure to catch up with our latest watchlist updates this weekend on Dividend.com Premium , including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and more. And as always, you can view our current recommendations on our industry-leading "Best Dividend Stocks" List .
Thanks for your support everybody and thanks for reading my newsletter too! Please pass this on to anyone you think we can get inspired and educated about building wealth and using common sense to do so.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Look for quarterly results from Alcoa ( AA ), JP Morgan ( JPM ) and Bank of America ( BAC ) to pace the action next week. Taking a look around the markets, Expedia ( EXPE ) closed 13% higher on news the company is spinning off its Trip Advisor unit. On the downside today, we had shares of Costco ( COST ) and Clorox ( CLX ) moving lower following some negative analyst comments.
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Look for quarterly results from Alcoa ( AA ), JP Morgan ( JPM ) and Bank of America ( BAC ) to pace the action next week. We added two new names to our "Best Dividend Stocks" List today. We keep our "Best Dividend Stocks" List updated to reflect where investors can put new money to work.
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Look for quarterly results from Alcoa ( AA ), JP Morgan ( JPM ) and Bank of America ( BAC ) to pace the action next week. We keep our "Best Dividend Stocks" List updated to reflect where investors can put new money to work. When a name comes off the list, we recommend investors hold off putting new money in those particular dividend plays.
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Look for quarterly results from Alcoa ( AA ), JP Morgan ( JPM ) and Bank of America ( BAC ) to pace the action next week. The market has had some interesting swings this week, but by week's end we closed fairly unchanged. We keep our "Best Dividend Stocks" List updated to reflect where investors can put new money to work.
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1798.0
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2011-04-01 00:00:00 UTC
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U.S. Steel Gets High Tech to Improve Tubular Pipes
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AA
|
https://www.nasdaq.com/articles/us-steel-gets-high-tech-improve-tubular-pipes-2011-04-01
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nan
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nan
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U.S. Steel ( X ) recently announced its plans to partner with Surface Enhancement Technologies (SET), a part of the Lambda Technologies Group, to improve the quality of its tubular steel products. The improved tubular products would see a wider range of applications and has the potential to add significant value to U.S. Steel by increasing the shipment figures for the company in the years to come. The company competes with international steel giants like ArcelorMittal ( MT ), BaoSteel, Posco ( PKX ), Nippon Steel and ThyssenKrupp.
Our price estimate for U.S. Steel stands at $60.17 , roughly 7% ahead of its current market price.
U.S. Steel and its Tubular Steel Operations
U.S. Steel is an integrated steel producer of flat-rolled and tubular products with major production operations in North America and Europe. It is currently the tenth largest steel producer in the world with an annual raw steel production capability of 31.7 million tons.
The company's tubular division produces and sells seamless and electric resistance welded (ERW) steel casing and tubing, standard and line pipe and mechanical tubing steel products. Most of these products are sold to customers in the oil, gas and petrochemical markets. U.S. Steel has an annual production capability of 2.8 million tons of tubular steel as a part of its tubular division, which is less than 10% of its total steel production capacity.
The Agreement Will Boost the Competitiveness of U.S. Steel's Tubular Division…
U.S. Steel has been granted an exclusive permit by SET to use its patented Low Plasticity Burnishing (LPB) technology, which can improve the performance and extend service life of various tubular products. Moreover, the implementation of LPB in existing products does not require any changes to the material or design, allowing for quick and inexpensive integration of the processes.
Interestingly, LPB technology can also be used with other alloys like titanium and aluminum besides steels, which opens up additional opportunities for U.S. Steel as it can provide LPB processing services to other companies. LPB is currently in use in the aerospace, nuclear and medical industries.
… Which in Turn Will Add Substantial Value to the Company
The direct impact of this agreement would be seen as an increase in the shipment figures for U.S. Steel's tubular division in the years to come.
We had initially estimated that the division's steel shipments would grow by about 7% annually to reach just under 2 million tons by 2013. But if the improved quality of tubular steel is able to boost the annual growth figure to 9%, this could rise to 2.2 million tons by 2013. This marks a more than 5% upside for the company's stock - taking its price estimate to almost $64 implying almost 15% upside.
See our full analysis for U.S. Steel
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The improved tubular products would see a wider range of applications and has the potential to add significant value to U.S. Steel by increasing the shipment figures for the company in the years to come. Moreover, the implementation of LPB in existing products does not require any changes to the material or design, allowing for quick and inexpensive integration of the processes. … Which in Turn Will Add Substantial Value to the Company The direct impact of this agreement would be seen as an increase in the shipment figures for U.S. Steel's tubular division in the years to come.
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U.S. Steel ( X ) recently announced its plans to partner with Surface Enhancement Technologies (SET), a part of the Lambda Technologies Group, to improve the quality of its tubular steel products. U.S. Steel and its Tubular Steel Operations U.S. Steel is an integrated steel producer of flat-rolled and tubular products with major production operations in North America and Europe. U.S. Steel has an annual production capability of 2.8 million tons of tubular steel as a part of its tubular division, which is less than 10% of its total steel production capacity.
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U.S. Steel and its Tubular Steel Operations U.S. Steel is an integrated steel producer of flat-rolled and tubular products with major production operations in North America and Europe. U.S. Steel has an annual production capability of 2.8 million tons of tubular steel as a part of its tubular division, which is less than 10% of its total steel production capacity. The Agreement Will Boost the Competitiveness of U.S. Steel's Tubular Division… U.S. Steel has been granted an exclusive permit by SET to use its patented Low Plasticity Burnishing (LPB) technology, which can improve the performance and extend service life of various tubular products.
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Our price estimate for U.S. Steel stands at $60.17 , roughly 7% ahead of its current market price. U.S. Steel has an annual production capability of 2.8 million tons of tubular steel as a part of its tubular division, which is less than 10% of its total steel production capacity. But if the improved quality of tubular steel is able to boost the annual growth figure to 9%, this could rise to 2.2 million tons by 2013.
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1799.0
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2011-03-31 00:00:00 UTC
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Investors Eye Higher Returns as Alcoa Raises Aluminum Prices
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AA
|
https://www.nasdaq.com/articles/investors-eye-higher-returns-alcoa-raises-aluminum-prices-2011-03-31
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nan
|
nan
|
Alcoa ( AA ) seems to be calling the shots now. The world leader in the production and management of primary aluminum, fabricated aluminum and alumina raised the prices of some of its products in March. The stock market clearly likes this news, with the company's stock rising by more than 8% since then. Alcoa competes with other international metals and mining giants like Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ).
Our price estimate for Alcoa, at $17.68 , is roughly in line with the stock's market price.
Alcoa Has a Lot Going in its Favor…
Recent developments have been rather favorable for aluminum manufacturing companies, with Alcoa clearly out in front in this race. We previously took a look at the growing adoption of aluminum in the packaging industry in our article titled ' Good Things Come in Aluminum Packages for Alcoa '. More recently, we examined the rise in copper prices and the subsequent effect of manufacturing companies switching to cheaper substitutes like aluminum in our note titled ' Rising Copper Prices are Good News for Aluminum Producer Alcoa '.
… which Justifies the Increase in Stock Price
Alcoa raised prices for several of its industrial products sold to customers across North America. The increase in price of 10 cents per pound for select plate products will affect all agreements signed on or before March 14, 2011. On top of this, the company removed two 5% discounts it provided on products sold for aerospace and defense purposes.
Alcoa's Stock Price Could Head North on this News
The price hike will affect the average price per metric ton of engineered products, as well as Alcoa's flat-rolled products. The 10 cents per pound price rise translates to an increase in revenue of about $220 per metric ton.
Assuming that the price increase applies to all engineered products by the end of the year, this would still only mean a relatively small 1% increase in our $17.68 price estimate for Alcoa. Similarly, the $220 price increase in flat-rolled products would add another 1% to our price estimate. Combined, these two $220 increases in average price per ton would push our price estimate for Alcoa just over $18.
See our full analysis and $17.68 price estimate for Alcoa
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Alcoa ( AA ) seems to be calling the shots now. More recently, we examined the rise in copper prices and the subsequent effect of manufacturing companies switching to cheaper substitutes like aluminum in our note titled ' Rising Copper Prices are Good News for Aluminum Producer Alcoa '. The increase in price of 10 cents per pound for select plate products will affect all agreements signed on or before March 14, 2011.
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Alcoa ( AA ) seems to be calling the shots now. More recently, we examined the rise in copper prices and the subsequent effect of manufacturing companies switching to cheaper substitutes like aluminum in our note titled ' Rising Copper Prices are Good News for Aluminum Producer Alcoa '. Alcoa's Stock Price Could Head North on this News The price hike will affect the average price per metric ton of engineered products, as well as Alcoa's flat-rolled products.
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Alcoa ( AA ) seems to be calling the shots now. More recently, we examined the rise in copper prices and the subsequent effect of manufacturing companies switching to cheaper substitutes like aluminum in our note titled ' Rising Copper Prices are Good News for Aluminum Producer Alcoa '. Alcoa's Stock Price Could Head North on this News The price hike will affect the average price per metric ton of engineered products, as well as Alcoa's flat-rolled products.
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Alcoa ( AA ) seems to be calling the shots now. More recently, we examined the rise in copper prices and the subsequent effect of manufacturing companies switching to cheaper substitutes like aluminum in our note titled ' Rising Copper Prices are Good News for Aluminum Producer Alcoa '. … which Justifies the Increase in Stock Price Alcoa raised prices for several of its industrial products sold to customers across North America.
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