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800.0
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2022-04-20 00:00:00 UTC
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Alcoa Q1 Profit Beats Street View
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AA
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https://www.nasdaq.com/articles/alcoa-q1-profit-beats-street-view
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nan
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nan
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(RTTNews) - Alcoa Corp. (AA), Wednesday reported results for the first quarter, with earnings beating Street view, while revenues fell short of expectations.
Pittsburgh-based Alcoa reported first-quarter profit of $469 million or $2.49 per share, compared to last year's profit of $175 million or $0.93 per share.
Excluding one-time items, earnings for the quarter were $577 million or $3.06 per share, compared to last year's profit of $150 million or $0.79 per share. On average, 10 analysts polled by Thomson Reuters expected earnings of $2.93 per share.
Revenues for the quarter rose to $3.29 billion from $2.87 billion a year ago. Analysts had a consensus revenue estimate of $3.45 billion.
"We had an excellent start to the year with record profitability in the first quarter, including quarterly EBITDA that surpassed $1 billion for the first time in our history," said Alcoa President and CEO Roy Harvey. "We also further strengthened our portfolio, provided capital returns to our investors, and captured the benefits of strengthened aluminum pricing."
Alumina shipments dropped to 2.28 million metric tons from 2.47 million metric tons last year. Aluminum shipments slipped to 634 thousand metric tons from 831 thousand metric tons last year. Bauxite shipments dropped to 0.8 million dry metric tons from 1.5 million last year.
Average price per metric ton of alumina increased to $375 from $308 last year, while aluminum's average price rose to $3,861 per metric ton from $2,308 per metric ton last year.
Looking forward, the company has decreased its projection for bauxite shipments in 2022 by 2 million dry metric tons to range between 46.0 and 47.0 million dry metric tons. Due to Alcoa's cessation of bauxite sales to Russian businesses, the vompany expects to slow production in its Juruti mine in Brazil by about 1.1 million dry metric tons.
Further, Alcoa expects alumina and aluminum shipments to remain unchanged between 14.2 and 14.4 million metric tons, and between 2.5 and 2.6 million metric tons, respectively.
For the second quarter 2022, based on current prices, Alcoa expects both alumina and aluminum realized third-party prices to be higher than the first quarter, with that benefit partly offset by approximately $115 million of higher energy and raw materials costs.
AA closed Wednesday's trading at $86.93, up $0.35 or 0.40%, on the NYSE. The stock, however, slipped $3.18 or 3.66%, in the after-hours trading.
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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(RTTNews) - Alcoa Corp. (AA), Wednesday reported results for the first quarter, with earnings beating Street view, while revenues fell short of expectations. AA closed Wednesday's trading at $86.93, up $0.35 or 0.40%, on the NYSE. Due to Alcoa's cessation of bauxite sales to Russian businesses, the vompany expects to slow production in its Juruti mine in Brazil by about 1.1 million dry metric tons.
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(RTTNews) - Alcoa Corp. (AA), Wednesday reported results for the first quarter, with earnings beating Street view, while revenues fell short of expectations. AA closed Wednesday's trading at $86.93, up $0.35 or 0.40%, on the NYSE. Alumina shipments dropped to 2.28 million metric tons from 2.47 million metric tons last year.
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(RTTNews) - Alcoa Corp. (AA), Wednesday reported results for the first quarter, with earnings beating Street view, while revenues fell short of expectations. AA closed Wednesday's trading at $86.93, up $0.35 or 0.40%, on the NYSE. Alumina shipments dropped to 2.28 million metric tons from 2.47 million metric tons last year.
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(RTTNews) - Alcoa Corp. (AA), Wednesday reported results for the first quarter, with earnings beating Street view, while revenues fell short of expectations. AA closed Wednesday's trading at $86.93, up $0.35 or 0.40%, on the NYSE. Average price per metric ton of alumina increased to $375 from $308 last year, while aluminum's average price rose to $3,861 per metric ton from $2,308 per metric ton last year.
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801.0
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2022-04-20 00:00:00 UTC
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Alcoa Corp. Q1 Profit Increases, beats estimates
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AA
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https://www.nasdaq.com/articles/alcoa-corp.-q1-profit-increases-beats-estimates
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nan
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nan
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(RTTNews) - Alcoa Corp. (AA) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $469 million, or $2.49 per share. This compares with $175 million, or $0.93 per share, in last year's first quarter.
Excluding items, Alcoa Corp. reported adjusted earnings of $577 million or $3.06 per share for the period.
Analysts on average had expected the company to earn $2.93 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.6% to $3.29 billion from $2.87 billion last year.
Alcoa Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $469 Mln. vs. $175 Mln. last year. -EPS (Q1): $2.49 vs. $0.93 last year. -Analyst Estimate: $2.93 -Revenue (Q1): $3.29 Bln vs. $2.87 Bln 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.
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(RTTNews) - Alcoa Corp. (AA) released a profit for its first quarter that increased from last year and beat the Street estimates. Alcoa Corp. earnings at a glance (GAAP) : -Earnings (Q1): $469 Mln. Excluding items, Alcoa Corp. reported adjusted earnings of $577 million or $3.06 per share for the period.
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(RTTNews) - Alcoa Corp. (AA) released a profit for its first quarter that increased from last year and beat the Street estimates. Alcoa Corp. earnings at a glance (GAAP) : -Earnings (Q1): $469 Mln. Excluding items, Alcoa Corp. reported adjusted earnings of $577 million or $3.06 per share for the period.
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(RTTNews) - Alcoa Corp. (AA) released a profit for its first quarter that increased from last year and beat the Street estimates. Alcoa Corp. earnings at a glance (GAAP) : -Earnings (Q1): $469 Mln. This compares with $175 million, or $0.93 per share, in last year's first quarter.
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(RTTNews) - Alcoa Corp. (AA) released a profit for its first quarter that increased from last year and beat the Street estimates. Alcoa Corp. earnings at a glance (GAAP) : -Earnings (Q1): $469 Mln. The company's earnings came in at $469 million, or $2.49 per share.
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802.0
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2022-04-20 00:00:00 UTC
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After-Hours Earnings Report for April 20, 2022 : TSLA, CCI, CSX, LRCX, KMI, EFX, STLD, AA, UAL, THC, CVNA, FR
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AA
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https://www.nasdaq.com/articles/after-hours-earnings-report-for-april-20-2022-%3A-tsla-cci-csx-lrcx-kmi-efx-stld-aa-ual-thc
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nan
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nan
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The following companies are expected to report earnings after hours on 04/20/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Tesla, Inc. (TSLA)is reporting for the quarter ending March 31, 2022. The auto (domestic) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.64. This value represents a 320.51% increase compared to the same quarter last year. TSLA missed the consensus earnings per share in the 1st calendar quarter of 2021 by -11.36%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for TSLA is 132.32 vs. an industry ratio of 12.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Crown Castle International Corporation (CCI)is reporting for the quarter ending March 31, 2022. The reit company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.72. This value represents a 0.58% increase compared to the same quarter last year. In the past year CCI has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 8.59%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CCI is 27.58 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry.
CSX Corporation (CSX)is reporting for the quarter ending March 31, 2022. The transportation (rail) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.38. This value represents a 22.58% increase compared to the same quarter last year. CSX missed the consensus earnings per share in the 1st calendar quarter of 2021 by -3.12%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CSX is 19.94 vs. an industry ratio of 9.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Lam Research Corporation (LRCX)is reporting for the quarter ending March 31, 2022. The capital goods company's consensus earnings per share forecast from the 10 analysts that follow the stock is $7.48. This value represents a 0.13% decrease compared to the same quarter last year. In the past year LRCX has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 0.83%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for LRCX is 14.72 vs. an industry ratio of 19.70.
Kinder Morgan, Inc. (KMI)is reporting for the quarter ending March 31, 2022. The oil (production/pipeline) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.27. This value represents a 55.00% decrease compared to the same quarter last year. KMI missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -8.33%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for KMI is 18.32 vs. an industry ratio of 14.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Equifax, Inc. (EFX)is reporting for the quarter ending March 31, 2022. The financial transactions company's consensus earnings per share forecast from the 15 analysts that follow the stock is $2.15. This value represents a 9.14% increase compared to the same quarter last year. In the past year EFX has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.66%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for EFX is 25.14 vs. an industry ratio of 12.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Steel Dynamics, Inc. (STLD)is reporting for the quarter ending March 31, 2022. The steel company's consensus earnings per share forecast from the 3 analysts that follow the stock is $5.58. This value represents a 165.71% increase compared to the same quarter last year. In the past year STLD has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 0.87%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for STLD is 5.13 vs. an industry ratio of 5.40.
Alcoa Corporation (AA)is reporting for the quarter ending March 31, 2022. The metal production company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.99. This value represents a 278.48% increase compared to the same quarter last year. In the past year AA has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 22.55%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AA is 6.17 vs. an industry ratio of 10.40.
United Airlines Holdings, Inc. (UAL)is reporting for the quarter ending March 31, 2022. The airline company's consensus earnings per share forecast from the 17 analysts that follow the stock is $-4.19. This value represents a 44.13% increase compared to the same quarter last year. UAL missed the consensus earnings per share in the 1st calendar quarter of 2021 by -7.6%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for UAL is -17.81 vs. an industry ratio of 0.10.
Tenet Healthcare Corporation (THC)is reporting for the quarter ending March 31, 2022. The hospital company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.04. This value represents a 20.00% decrease compared to the same quarter last year. In the past year THC has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 73.08%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for THC is 12.84 vs. an industry ratio of 13.50.
Carvana Co. (CVNA)is reporting for the quarter ending March 31, 2022. The internet company's consensus earnings per share forecast from the 10 analysts that follow the stock is $-1.71. This value represents a 271.74% decrease compared to the same quarter last year. The last two quarters CVNA had negative earnings surprises; the latest report they missed by -29.11%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CVNA is -25.51 vs. an industry ratio of 22.10.
First Industrial Realty Trust, Inc. (FR)is reporting for the quarter ending March 31, 2022. The reit company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.52. This value represents a 13.04% increase compared to the same quarter last year. In the past year FR has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for FR is 29.57 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry.
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 Corporation (AA)is reporting for the quarter ending March 31, 2022. In the past year AA has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AA is 6.17 vs. an industry ratio of 10.40.
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Alcoa Corporation (AA)is reporting for the quarter ending March 31, 2022. In the past year AA has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AA is 6.17 vs. an industry ratio of 10.40.
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Alcoa Corporation (AA)is reporting for the quarter ending March 31, 2022. In the past year AA has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AA is 6.17 vs. an industry ratio of 10.40.
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Alcoa Corporation (AA)is reporting for the quarter ending March 31, 2022. In the past year AA has beat the expectations every quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AA is 6.17 vs. an industry ratio of 10.40.
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803.0
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2022-04-20 00:00:00 UTC
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5 Must-Buy High-Beta Stocks Flying High in a Volatile Market
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AA
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https://www.nasdaq.com/articles/5-must-buy-high-beta-stocks-flying-high-in-a-volatile-market
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nan
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nan
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Wall Street has been reeling under severe volatility since the beginning of 2022 after witnessing astonishing rallies in the last two pandemic-ridden years. Volatility has been injected into stock markets by skyrocketing inflation, a more hawkish Fed and the ongoing war between Russia and Ukraine. Major stock indexes of Wall Street are in the red year to date even after more than a quarter.
However, surprising many economists and financial experts, several high-beta stocks have popped year to date with more upside left. A handful of those stocks are currently carrying a favorable Zacks Rank. Investment in these stocks should bear fruit in the near term. Five of them are — ConocoPhillips COP, The Mosaic Co. MOS, Devon Energy Corp. DVN, Alcoa Corp. AA and Steel Dynamics Inc. STLD.
Q1 2022 At a Glance
The last quarter was not a good one for Wall Street. The year started with the resurgence of the Omicron variant of coronavirus, which was highly infectious but less deadly. Normal economic activities suffered to some extent in January due to Omicron.
However, the major concern for the U.S. economy was galloping inflation. Several measures of inflation like consumer price index, producer price index and personal consumption expenditure price index stayed at a 40-year high during the first quarter.
Moreover, the Russian military invasion over Ukraine, which started on Feb 24 and is continuing, has made the situation worse. The United States and the European Union have imposed several stringent financial sanctions on Russia including import restriction on crude oil and natural gas.
Russia is a major supplier of oil and gas and several basic materials in Europe. As a result, prices of crude oil, natural gas, platinum, palladium, coal, nickel and steel soared globally. These materials are a vital input to several finished products.
Finally, in order to combat skyrocketing inflation, the Fed systematically terminated the $120 billion bond-buy program in March and raised the benchmark by 25 basis points in its March FOMC. This was the first hike in interest rate in more than three years.
The March FOMC minutes also revealed that Fed officials almost unanimously agreed that the central bank must reduce the size of its $9 trillion balance sheet by around $95 per month starting May. Moreover, the minutes revealed that most officials have agreed that the Fed must raise the interest rate by 50 basis points in the next two FOMC’s in May and June.
As a result of these negatives, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have tumbled 3.9%, 6.4% and 13%, respectively.
U.S. Economy Remains Solid
Despite galloping inflation U.S. consumer spending, which accounts for nearly 70% of the economy remained steady. In March, retail sales grew 0.5% over the previous month and 6.9% year over year. February’s data was also revised upward from a gain of 0.3% to 0.8%.
Industrial production rose 0.9% in March beating the consensus estimate of 0.4%. Manufacturing, the major component of industrial production also grew by 0.9%. For first-quarter 2021, industrial production climbed 8.1% year over year.
The U.S. economy added 1.661 million jobs in the first quarter of 2022. Unemployment dropped to 3.6% in March. Moreover, the University of Michigan reported that the preliminary reading of U.S. consumer sentiment in April jumped to 65.7% from 59.4% in March.
Our Top Picks
We have selected five large-cap (market capital > $10 billion) high-beta (beta > 1) stocks that have appreciated more than 40% year to date with more upside left. These stocks have seen positive earnings estimate revisions within the last 30 days.
Moreover, these companies are regular dividend payers. Finally, each of our picks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
ConocoPhillips holds a bulk of acres in the three big unconventional plays, namely Eagle Ford shale, Delaware basin and Bakken shale, which are rich in oil. COP also has a foothold in Canada’s oil sand resources and exposure to developments related to liquefied natural gas.
ConocoPhillips announced an agreement to purchase all Royal Dutch Shell assets in the prolific Permian. The deal reflects COP’s aim of broadening its Permian presence. The transaction is highly accretive and involves the acquisition of roughly 225,000 net acres in the heart of the core Delaware basin.
ConocoPhillips has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2% over the last 7 days. COP has a current dividend yield of 2.2 and a beta of 1.41. The stock price has advanced 40.7% year to date.
Devon Energy aims for strong oil production from the Delaware Basin holdings. Devon Energy’s presence in Delaware has expanded due to its all-stock merger deal with WPX Energy. DVN is using new technology in production process to lower expenses.
Devon Energy’s divestiture of Canadian and Barnett Shale gas assets will allow it to focus on its five high-quality oil-rich U.S. basins assets. DVN’s stable free cash flow generation allows it to pay dividend and buy back shares. Devon Energy has ample liquidity to meet near-term debt obligations.
Devon Energy has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the last 7 days. DVN has a current dividend yield of 6.3% and a beta of 2.79. The stock price has surged 43% year to date.
The Mosaic is likely to gain from higher demand for fertilizers. Demand for phosphate and potash in North America was strong in 2021, and the momentum is likely to continue this year. Strong grower economics and crop commodity prices are driving potash demand globally.
The Vale Fertilizantes buyout is also expected to deliver significant synergies. Mosaic is also expected to benefit from its cost-reduction actions, leading to an improvement in its operating cost structure. MOS’ efforts to lower debt, streamline processes, centralize mining operations and automation are encouraging.
Mosaic has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 8.2% over the last 30 days. MOS has a current dividend yield of 0.58% and a beta of 1.62. The stock price has soared 98.5% year to date.
Alcoa produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. AA operates through three segments: Bauxite, Alumina, and Aluminum.
Alcoa is engaged in bauxite mining operations and processes bauxite into alumina and sells it to customers who process it into industrial chemical products. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
Alcoa has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 7.3% over the last 7 days. AA has a current dividend yield of 0.45% and a beta of 2.30. The stock price has climbed 45.3% year to date.
Steel Dynamics is expected to gain from acquisitions as well as strong liquidity and efforts to expand capacity. The acquisitions of Heartland and United Steel Supply have boosted Steel Dynamics' shipping capabilities. Moreover, the buyout of Zimmer will support its raw material procurement strategy at its new Texas flat roll steel mill.
STLD is also expected to gain from its investments to beef up capacity and upgrade facilities. Steel Dynamics is executing several projects that should add to capacity and boost profitability. The electric-arc-furnace flat roll steel mill will strengthen its steelmaking capacity and value-added product capability.
Steel Dynamics has an expected earnings growth rate of 18.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2.4% over the last 30 days. STLD has a current dividend yield of 1.50% and a beta of 1.40. The stock price has jumped 48.2% year to date.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Devon Energy Corporation (DVN): Free Stock Analysis Report
ConocoPhillips (COP): Free Stock Analysis Report
Steel Dynamics, Inc. (STLD): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
The Mosaic Company (MOS): 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.
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Five of them are — ConocoPhillips COP, The Mosaic Co. MOS, Devon Energy Corp. DVN, Alcoa Corp. AA and Steel Dynamics Inc. STLD. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Five of them are — ConocoPhillips COP, The Mosaic Co. MOS, Devon Energy Corp. DVN, Alcoa Corp. AA and Steel Dynamics Inc. STLD. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Five of them are — ConocoPhillips COP, The Mosaic Co. MOS, Devon Energy Corp. DVN, Alcoa Corp. AA and Steel Dynamics Inc. STLD. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Five of them are — ConocoPhillips COP, The Mosaic Co. MOS, Devon Energy Corp. DVN, Alcoa Corp. AA and Steel Dynamics Inc. STLD. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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804.0
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2022-04-20 00:00:00 UTC
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Alcoa Q1 22 Earnings Conference Call At 5:00 PM ET
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AA
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https://www.nasdaq.com/articles/alcoa-q1-22-earnings-conference-call-at-5%3A00-pm-et
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nan
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nan
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(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on April 20, 2022, to discuss Q1 22 earnings results.
To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx
To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 7011954.
For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 1466642.
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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(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on April 20, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 7011954. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 1466642.
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(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on April 20, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 7011954. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 1466642.
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(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on April 20, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 7011954. 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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(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on April 20, 2022, to discuss Q1 22 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 7011954. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 1466642.
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805.0
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2022-04-19 00:00:00 UTC
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iShares Core S&P Mid-Cap ETF Experiences Big Outflow
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AA
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https://www.nasdaq.com/articles/ishares-core-sp-mid-cap-etf-experiences-big-outflow
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $483.8 million dollar outflow -- that's a 0.8% decrease week over week (from 246,450,000 to 244,600,000). Among the largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is up about 1%, Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, and Alcoa Corporation (Symbol: AA) is lower by about 3.5%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average:
Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $265.43. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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 largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is up about 1%, Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, and Alcoa Corporation (Symbol: AA) is lower by about 3.5%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $265.43. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is up about 1%, Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, and Alcoa Corporation (Symbol: AA) is lower by about 3.5%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $265.43. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is up about 1%, Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, and Alcoa Corporation (Symbol: AA) is lower by about 3.5%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $483.8 million dollar outflow -- that's a 0.8% decrease week over week (from 246,450,000 to 244,600,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $265.43.
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Among the largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is up about 1%, Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, and Alcoa Corporation (Symbol: AA) is lower by about 3.5%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $483.8 million dollar outflow -- that's a 0.8% decrease week over week (from 246,450,000 to 244,600,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $265.43.
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806.0
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2022-04-18 00:00:00 UTC
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Will Strength in Aluminum Benefit Alcoa (AA) in Q1 Earnings?
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AA
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https://www.nasdaq.com/articles/will-strength-in-aluminum-benefit-alcoa-aa-in-q1-earnings
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nan
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nan
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close.
The company’s Aluminum segment is engaged in aluminum smelting and casting operations. It offers primary aluminum in the form of alloy ingot or value-add ingot to its customers across several sectors, including construction, wire, packaging, automobile and industrial.
Key Factors to Note
The Aluminum segment is anticipated to have benefited from strong production for aluminum, supported by higher price levels in the first quarter of 2022. Solid demand for aluminum products from its customers is likely to have been beneficial for the segment. Also, Alcoa’s efforts to offer new products and focus on improving operational efficiency and commercial effectiveness are anticipated to have aided the segment in the to-be-reported quarter.
An increase in demand for value-add products, a restart of the Bécancour smelter and growth investments are likely to have supported the segment’s performance. Also, the company’s cost-saving actions and supply-chain initiatives are likely to have been favorable in the quarter.
Higher raw materials and energy costs might have adversely impacted the segment’s margins. The divestment of its Warrick Rolling Mill facility is expected to have hurt the shipment volume, hurting its profitability.
For the first quarter of 2022, the Zacks Consensus Estimate Aluminum segment’s revenues is pegged at $2,847 million, suggesting growth of 38.9% from the year-ago quarter’s reported number but a 22.3% increase from the previous quarter’s figure. (Read more: Alcoa to Report Q1 Earnings: What’s in the Offing?)
Alcoa Price and EPS Surprise
Alcoa price-eps-surprise | Alcoa Quote
Zacks Rank & Other Upcoming Releases
Alcoa currently sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Some stocks in the Zacks Industrial Products sector, which are also slated to report their results soon, are ABB Ltd ABB, Roper Technologies, Inc. ROP and A. O. Smith Corporation AOS. ABB will release results on Apr 21, Roper on Apr 26 and A. O. Smith on Apr 28.
The Zacks Consensus Estimate for ABB’s earnings is pegged at 34 cents per share for the to-be-reported quarter. The Zacks Rank #3 (Hold) company’s shares have lost 15.8% in the past three months.
The Zacks Consensus Estimate for Roper’s earnings is pegged at $3.69 per share for the to-be-reported quarter. The Zacks Rank #2 (Buy) company’s shares have gained 3.5% in the past three months.
The Zacks Consensus Estimate for A. O. Smith’s earnings is pegged at 76 cents per share for the to-be-reported quarter. The Zacks Rank #3 stock’s shares have lost 21% in the past three months.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
A. O. Smith Corporation (AOS): Free Stock Analysis Report
ABB Ltd (ABB): 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 Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. Alcoa (AA): Free Stock Analysis Report Also, Alcoa’s efforts to offer new products and focus on improving operational efficiency and commercial effectiveness are anticipated to have aided the segment in the to-be-reported quarter.
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. Alcoa (AA): Free Stock Analysis Report Alcoa Price and EPS Surprise Alcoa price-eps-surprise | Alcoa Quote Zacks Rank & Other Upcoming Releases Alcoa currently sports a Zacks Rank #1 (Strong Buy).
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. Alcoa (AA): Free Stock Analysis Report For the first quarter of 2022, the Zacks Consensus Estimate Aluminum segment’s revenues is pegged at $2,847 million, suggesting growth of 38.9% from the year-ago quarter’s reported number but a 22.3% increase from the previous quarter’s figure.
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. Alcoa (AA): Free Stock Analysis Report Key Factors to Note The Aluminum segment is anticipated to have benefited from strong production for aluminum, supported by higher price levels in the first quarter of 2022.
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807.0
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2022-04-18 00:00:00 UTC
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Will Alumina and Bauxite Benefit Alcoa's (AA) Q1 Earnings?
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AA
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https://www.nasdaq.com/articles/will-alumina-and-bauxite-benefit-alcoas-aa-q1-earnings
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nan
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nan
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close.
The company’s Bauxite segment is engaged in bauxite mining operations and processes bauxite into alumina with the help of the bayer process to sell it to customers.
The company’s Alumina segment comprises its refining system, which is used for processing bauxite into alumina.
Key Factors to Note
In the past few quarters, the Bauxite segment’s performance has been strengthening Alcoa’s revenues. It has been gaining primarily from the increased demand for bauxite from its own refineries and third-party customers. Also, its focus on improving operational efficiency supported by its pricing actions is anticipated to have aided the segment in the to-be-reported quarter. However, lower shipment volume for bauxite and supply-chain challenges might have affected its performance.
For the first quarter of 2022, the Zacks Consensus Estimate for Bauxite segment’s revenues is pegged at $234 million, suggesting a 3.7% decline from the year-ago quarter’s reported number and a 9.3% fall from the previous quarter’s figure.
The company’s project for high purity alumina production and its efforts to offer new products, cost-saving actions and solid orders are likely to have aided Alumina segment’s performance in the first quarter. Growing popularity for the company’s Sustana and EcoSource line of products, supported by higher prices, is likely to have boosted its performance in the quarter. However, higher raw materials and energy costs might have affected its margins.
For the first quarter of 2022, the Zacks Consensus Estimate Alumina segment’s revenues is pegged at $1,307 million, suggesting growth of 16.3% from the year-ago quarter’s reported number but a 10.8% decrease from the previous quarter’s figure. (Read more: Alcoa to Report Q1 Earnings: What’s in the Offing?)
Alcoa Price and EPS Surprise
Alcoa price-eps-surprise | Alcoa Quote
Zacks Rank & Other Upcoming Releases
Alcoa currently sports a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Some companies in the Zacks Industrial Products sector, which are also slated to report their results soon, are ABB Ltd ABB, Roper Technologies, Inc. ROP and A. O. Smith Corporation AOS. ABB will release results on Apr 21, Roper on Apr 26 and A. O. Smith on Apr 28.
The Zacks Consensus Estimate for ABB’s earnings is pegged at 34 cents per share for the to-be-reported quarter. The Zacks Rank #3 (Hold) company’s shares have lost 15.8% in the past three months.
The Zacks Consensus Estimate for Roper’s earnings is pegged at $3.69 per share for the to-be-reported quarter. The Zacks Rank #2 (Buy) company’s shares have gained 3.5% in the past three months.
The Zacks Consensus Estimate for A. O. Smith’s earnings is pegged at 76 cents per share for the to-be-reported quarter. The Zacks Rank #3 stock’s shares have lost 21% in the past three months.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
A. O. Smith Corporation (AOS): Free Stock Analysis Report
ABB Ltd (ABB): 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 Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. Alcoa (AA): Free Stock Analysis Report Key Factors to Note In the past few quarters, the Bauxite segment’s performance has been strengthening Alcoa’s revenues.
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. Alcoa (AA): Free Stock Analysis Report For the first quarter of 2022, the Zacks Consensus Estimate Alumina segment’s revenues is pegged at $1,307 million, suggesting growth of 16.3% from the year-ago quarter’s reported number but a 10.8% decrease from the previous quarter’s figure.
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. Alcoa (AA): Free Stock Analysis Report For the first quarter of 2022, the Zacks Consensus Estimate for Bauxite segment’s revenues is pegged at $234 million, suggesting a 3.7% decline from the year-ago quarter’s reported number and a 9.3% fall from the previous quarter’s figure.
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. Alcoa (AA): Free Stock Analysis Report The Zacks Consensus Estimate for ABB’s earnings is pegged at 34 cents per share for the to-be-reported quarter.
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808.0
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2022-04-18 00:00:00 UTC
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Alcoa (AA) to Report Q1 Earnings: What's in the Offing?
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AA
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https://www.nasdaq.com/articles/alcoa-aa-to-report-q1-earnings%3A-whats-in-the-offing
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nan
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nan
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close.
The company’s earnings beat estimates in each of the last four quarters, the earnings surprise being 27.08%, on average. In the last reported quarter, Alcoa’s earnings of $2.50 per share beat the Zacks Consensus Estimate of $2.04 by 22.55%.
Image Source: Zacks Investment Research
In the past three months, the company’s shares have gained 46.1% compared with the industry’s rise of 21.2%.
Factors to Consider
Alcoa is anticipated to have benefited from strong demand for aluminum and value-add products in the first quarter. High shipment volume for smelter grade alumina and aluminium on strong production supported by higher prices is likely to have augmented top-line performance of the company. Also, its efforts to improve bauxite production might have proved beneficial in the to-be-reported quarter.
Growth in popularity for the company’s Sustana and EcoSource line of products is likely to have boosted its performance in the quarter. Alcoa’s focus on operational execution and commercial effectiveness, along with its application of digital technologies in operations and cost-control measures, might have boosted its margins and profitability in the to-be-reported quarter.
However, lower shipment volume for bauxite and supply-chain challenges across end markets are likely to have adversely impacted AA’s performance in the first quarter. Also, given the company’s extensive geographic presence, its operations are subject to global economic, political risks and forex woes. A stronger U.S. dollar might have hurt Alcoa's overseas business in first-quarter 2022.
The Zacks Consensus Estimate for the company’s first-quarter total revenues is currently pegged at $3,496 million, suggesting 21.8% and 4.7% growth from the year-ago and the quarter-ago reported numbers, respectively. The consensus estimate for earnings of $3.05 implies an improvement of 286.1% year over year and 22% sequentially.
Earnings Whispers
According to our quantitative model, a stock needs to have the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) to increase the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
This is not the case here as given below:
Earnings ESP: Alcoa has an Earnings ESP of -0.21%.
Alcoa Price and EPS Surprise
Alcoa price-eps-surprise | Alcoa Quote
Zacks Rank: The company sports a Zacks Rank #1.
Key Picks
Here are some other companies you may want to consider from the Zacks Industrial Products sector, as our model shows that these have the right combination of elements to post an earnings beat:
AGCO Corporation AGCO has an Earnings ESP of +1.91% and a Zacks Rank of 3, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AGCO’s earnings is pegged at $1.89 per share for the to-be-reported quarter. AGCO’s shares have gained 11.8% in the past three months.
A. O. Smith Corporation AOS has an Earnings ESP of +1.99% and a Zacks Rank of 3, currently.
The Zacks Consensus Estimate for A. O. Smith’s earnings is pegged at 76 cents per share for the to-be-reported quarter. AOS’s shares have lost 21% in the past three months.
Parker-Hannifin Corporation PH has an Earnings ESP of +0.82% and a Zacks Rank of 3 at present.
The Zacks Consensus Estimate for Parker-Hannifin’s earnings is pegged at $4.61 per share for the to-be-reported quarter. PH’s shares have lost 16.5% in the past three months.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
ParkerHannifin Corporation (PH): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
A. O. Smith Corporation (AOS): 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 Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. However, lower shipment volume for bauxite and supply-chain challenges across end markets are likely to have adversely impacted AA’s performance in the first quarter. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. However, lower shipment volume for bauxite and supply-chain challenges across end markets are likely to have adversely impacted AA’s performance in the first quarter. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. However, lower shipment volume for bauxite and supply-chain challenges across end markets are likely to have adversely impacted AA’s performance in the first quarter. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA is set to release first-quarter 2022 results on Apr 20, after market close. However, lower shipment volume for bauxite and supply-chain challenges across end markets are likely to have adversely impacted AA’s performance in the first quarter. Alcoa (AA): Free Stock Analysis Report
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809.0
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2022-04-17 00:00:00 UTC
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Weekly Preview: Earnings To Watch This Week (AA, IBM, NFLX, TSLA)
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AA
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https://www.nasdaq.com/articles/weekly-preview%3A-earnings-to-watch-this-week-aa-ibm-nflx-tsla
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nan
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nan
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T
he stock market took a much-needed break on Friday in observance of Good Friday. But it wasn’t before equities finished lower Thursday, logging sharp declines for the second consecutive week. However, investors received confirmation on what they've known for several weeks each time they've pulled out their wallet -- inflation picked up again in March.
Earlier in the week, the U.S. Department of Labor reported the consumer price index (CPI) surged 8.5% on the year in March — the hottest inflation reading since December 1981. The CPI measures the cost of a group of everyday items such as food and gas. It’s true that wages for many Americans have also risen over the past year. But for many workers, it hasn't risen enough to keep up pace with inflation. And this will force households to make tough decisions on what they are willing to cut back on.
Evidenced by the market’s reaction during the abbreviated trading week, with all three major averages booking weekly declines, investors aren’t taking chances that things will immediately improve. The Dow Jones Industrial Average gave up 113.36 points, or 0.3%, to end Thursday’s session at 34,451.23. Among the Dow’s notable decliners were Apple (AAPL), Salesforce (CRM) and Walt Disney (DIS). The S&P 500 lost 54 points, or 1.2%, finishing at 4,392.59, while the tech-heavy Nasdaq Composite dropped 292.51 points, or 2.1%, to close at 13,351.08.
The Nasdaq was pressured by 3.66% decline in shares of Tesla (TSLA) which has been in the news lately, particularly because of CEO Elon Musk’s $43 billion takeover bid for social media giant Twitter (TWTR). Reports of supply chain disruptions was also a headwind for many technology companies, notably Apple which declined 3%. For the week, the Nasdaq Composite was the biggest decliner, falling 2.6%, while the S&P 500 gave up 2.1%. Recording a third straight week of losses, the Dow lost 0.8%.
These declines come despite what has been somewhat encouraging quarterly earnings results from banking heavyweights such as Goldman Sachs (GS), Morgan Stanley (MS) and Wells Fargo (WFC). While the results from the banks weren’t stellar in the broad sense, the group was facing tough year-over-year comparisons. Plus, estimates had called for year-over-year declines for the sector. Nevertheless, first quarter earnings season kicks into high gear with results expected from technology heavyweight Netflix.
Can earnings pull tech stocks out of the doldrums? Netflix is one of several names worth watching this week:
IBM (IBM) - Reports after the close, Tuesday, Apr. 19
Wall Street expects IBM to earn $1.39 per share on revenue of $13.87 billion. This compares to the year-ago quarter when earning were $1.77 per share on $17.34 billion in revenue.
What to watch: IBM has always been a great stock to buy for dividend investors, but has the company become more appealing to growth investors as well? The tech giant has struggled to grow revenues over the past decade and has not benefited in the massive economic expansion that saw cloud leaders such as Amazon (AMZN) and Microsoft (MSFT) produce double-digit revenue gains. But as it transitions away from its legacy businesses, IBM’s turnaround has seemingly begun. The company’s cloud ambitions have shown some promise in recent quarters and has provided ample revenue strength to support a higher multiple, thanks to its Red Hat acquisition, which modernized its cloud business. Citing the quality of IBM’s new leadership, namely CEO Arvind Krishna, Morgan Stanley analyst Erik Woodring recently raised his rating on the stock to Overweight from equal-weight, and inched the price target to $150 per share from $147. It appears the market is giving IBM more credit for the recent traction the company has made towards the cloud. But for the the shares to maintain their uptrend, the company on Tuesday will need to demonstrate continued operating leverage and revenue growth acceleration.
Netflix (NFLX) - Reports after the close, Tuesday, Apr. 19
Wall Street expects Netflix to earn $2.90 per share on revenue of $7.93 billion. This compares to the year-ago quarter when earnings were $3.75 per share on $7.16 billion in revenue.
What to watch: Netflix stock has underperformed the market significantly in 2022, falling 35% and 46% in the respective three and six months. The stock has also plunged 38% and 37% over the past nine months and 12 months, respectively. Is now a buying opportunity? Not according to Benjamin Swinburne, analyst at Morgan Stanley. Citing declining estimates for net subscriber additions, Swinburne recently trimmed estimates and his price target on Netflix to $425 per share, down from $450. Although he kept his Equal Weight rating intact, the analyst cut his Q1 estimate for global paid net new subscribers down from 2.5 million to 2 million. While the market broadly expects Netflix to remain a successful streamer in 2022, Swinburne said he doesn’t expect Netflix to grow new subscribers its pre-pandemic rate of about at the 25 million per year. This has prompted some investors to wonder whether the company can maintain its status as the king of streaming. That question will be answered when Netflix issues its guidance forecast for the next quarter and full year.
Alcoa (AA) - Reports after the close, Wednesday, Apr. 20
Wall Street expects Alcoa to earn $2.90 per share on revenue of $3.44 billion. This compares to the year-ago quarter when earnings came to 79 cents per share on revenue of $2.65 billion.
What to watch: Shares of the aluminum giant continues to shine, rising some 20% over the past month and more than 80% over the past six months. Not only is the stock up almost 50% year over date, compared with the 8% drop in the S&P 500 index, if you’ve bought and held Alcoa stock in the previous 52 weeks, you’re sitting pretty with a gain of 163%. During that span the S&P 500 is up just 6.5%. The rise in metal stocks have been driven by optimism surrounding infrastructure spending aimed at repairing the country’s airports, roads and bridges, among other projects. But this might be as good as it gets for Alcoa, according to analysts at Credit Suisse, who recently downgraded the stock from Outperform to Neutral. Analyst Curt Woodworth writes noted that “supply/demand balances will start to normalize” in the second half of the year. Aluminum is used in a broad range of industrial and consumer end markets, and while there appears to be support for higher aluminum prices in the near term, Alcoa on Wednesday must speak positively about the demand/supply outlook for the next several quarters to prevent Alcoa stock from losing its luster.
Tesla (TSLA) - Reports after the close, Wednesday, Apr. 20
Wall Street expects Tesla to earn $2.26 per share on revenue of $17.78 billion. This compares to the year-ago quarter when earnings came to 93 cents per share on revenue of $10.39 billion.
What to watch: Tesla shares have been one of the better performing stocks among tech, rising 30% over the past months and 20% in six months, besting the S&P 500 index in both spans. The market has applauded the company’s delivery totals in the most-recent quarter as Tesla enjoyed strong year-over-year growth. Tesla produced 305,000 vehicles and delivered 310,000 vehicles, for an annual production run-rate of roughly 1.2 million vehicles. Estimates suggests Tesla will exit 2022 with an annual run-rate of more than 2 million vehicles. This would be an impressive achievement given the increased competition not only from upstarts like Lucid (LCID) and Rivian (RIVN), but also from traditional manufacturing titans like General Motors (GM) and Ford (F). While Tesla’s increased focus on its growth strategy, namely production and profit margins, have been a major factor in the company’s recent success, the company’s production and delivery guidance for 2022 will be the main driver of the stock on Wednesday.
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 Dow’s notable decliners were Apple (AAPL), Salesforce (CRM) and Walt Disney (DIS). Alcoa (AA) - Reports after the close, Wednesday, Apr. Earlier in the week, the U.S. Department of Labor reported the consumer price index (CPI) surged 8.5% on the year in March — the hottest inflation reading since December 1981.
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Among the Dow’s notable decliners were Apple (AAPL), Salesforce (CRM) and Walt Disney (DIS). Alcoa (AA) - Reports after the close, Wednesday, Apr. Netflix is one of several names worth watching this week: IBM (IBM) - Reports after the close, Tuesday, Apr.
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Among the Dow’s notable decliners were Apple (AAPL), Salesforce (CRM) and Walt Disney (DIS). Alcoa (AA) - Reports after the close, Wednesday, Apr. 19 Wall Street expects Netflix to earn $2.90 per share on revenue of $7.93 billion.
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Among the Dow’s notable decliners were Apple (AAPL), Salesforce (CRM) and Walt Disney (DIS). Alcoa (AA) - Reports after the close, Wednesday, Apr. Netflix is one of several names worth watching this week: IBM (IBM) - Reports after the close, Tuesday, Apr.
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810.0
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2022-04-14 00:00:00 UTC
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Alcoa (AA) Gains As Market Dips: What You Should Know
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AA
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https://www.nasdaq.com/articles/alcoa-aa-gains-as-market-dips%3A-what-you-should-know-3
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nan
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nan
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In the latest trading session, Alcoa (AA) closed at $87.77, marking a +0.4% move from the previous day. This move outpaced the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.19%.
Coming into today, shares of the bauxite, alumina and aluminum products company had gained 15.59% in the past month. In that same time, the Industrial Products sector gained 1.77%, while the S&P 500 gained 5.85%.
Alcoa will be looking to display strength as it nears its next earnings release, which is expected to be April 20, 2022. The company is expected to report EPS of $2.90, up 267.09% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.44 billion, up 19.86% from the year-ago period.
AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. These results would represent year-over-year changes of +91.65% and +20.91%, respectively.
It is also important to note the recent changes to analyst estimates for Alcoa. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 25.07% higher. Alcoa is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Alcoa is holding a Forward P/E ratio of 6.68. This represents a discount compared to its industry's average Forward P/E of 9.95.
The Metal Products - Distribution industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 20, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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In the latest trading session, Alcoa (AA) closed at $87.77, marking a +0.4% move from the previous day. AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. Alcoa (AA): Free Stock Analysis Report
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In the latest trading session, Alcoa (AA) closed at $87.77, marking a +0.4% move from the previous day. AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. Alcoa (AA): Free Stock Analysis Report
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In the latest trading session, Alcoa (AA) closed at $87.77, marking a +0.4% move from the previous day. AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. Alcoa (AA): Free Stock Analysis Report
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In the latest trading session, Alcoa (AA) closed at $87.77, marking a +0.4% move from the previous day. AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. Alcoa (AA): Free Stock Analysis Report
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811.0
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2022-04-14 00:00:00 UTC
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3 Reasons Why Growth Investors Shouldn't Overlook Alcoa (AA)
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AA
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https://www.nasdaq.com/articles/3-reasons-why-growth-investors-shouldnt-overlook-alcoa-aa
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nan
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nan
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Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Alcoa (AA) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
While there are numerous reasons why the stock of this bauxite, alumina and aluminum products company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Alcoa is 6.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 91.7% this year, crushing the industry average, which calls for EPS growth of 1.2%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Alcoa is 347.7%, which is higher than many of its peers. In fact, the rate compares to the industry average of 63.5%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 31.9% over the past 3-5 years versus the industry average of 27.6%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Alcoa have been revising upward. The Zacks Consensus Estimate for the current year has surged 25.1% over the past month.
Bottom Line
Alcoa has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Alcoa well for outperformance, so growth investors may want to bet on it.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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 (AA) is one such stock that our proprietary system currently recommends. Alcoa (AA): Free Stock Analysis Report The company's annualized cash flow growth rate has been 31.9% over the past 3-5 years versus the industry average of 27.6%.
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Alcoa (AA) is one such stock that our proprietary system currently recommends. Alcoa (AA): Free Stock Analysis Report However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
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Alcoa (AA) is one such stock that our proprietary system currently recommends. Alcoa (AA): Free Stock Analysis Report However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
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Alcoa (AA) is one such stock that our proprietary system currently recommends. Alcoa (AA): Free Stock Analysis Report The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
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812.0
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2022-04-14 00:00:00 UTC
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Is a Surprise Coming for Alcoa (AA) This Earnings Season?
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AA
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https://www.nasdaq.com/articles/is-a-surprise-coming-for-alcoa-aa-this-earnings-season
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nan
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nan
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Investors are always looking for stocks that are poised to beat at earnings season and Alcoa AA may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Alcoa is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AA in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $3.09 per share for AA, compared to a broader Zacks Consensus Estimate of $2.90 per share. This suggests that analysts have very recently bumped up their estimates for AA, giving the stock a Zacks Earnings ESP of +6.67% heading into earnings season.
Alcoa Price and EPS Surprise
Alcoa price-eps-surprise | Alcoa Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that AA has a Zacks Rank #1 (Strong Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Alcoa, and that a beat might be in the cards for the upcoming report.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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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After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AA in this report. Given that AA has a Zacks Rank #1 (Strong Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Alcoa AA may be one such company.
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This suggests that analysts have very recently bumped up their estimates for AA, giving the stock a Zacks Earnings ESP of +6.67% heading into earnings season. Investors are always looking for stocks that are poised to beat at earnings season and Alcoa AA may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AA in this report.
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This suggests that analysts have very recently bumped up their estimates for AA, giving the stock a Zacks Earnings ESP of +6.67% heading into earnings season. Given that AA has a Zacks Rank #1 (Strong Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Investors are always looking for stocks that are poised to beat at earnings season and Alcoa AA may be one such company.
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Investors are always looking for stocks that are poised to beat at earnings season and Alcoa AA may be one such company. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AA in this report. In fact, the Most Accurate Estimate for the current quarter is currently at $3.09 per share for AA, compared to a broader Zacks Consensus Estimate of $2.90 per share.
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813.0
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2022-04-13 00:00:00 UTC
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Alcoa (AA) Earnings Expected to Grow: Should You Buy?
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AA
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https://www.nasdaq.com/articles/alcoa-aa-earnings-expected-to-grow%3A-should-you-buy
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nan
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nan
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Alcoa (AA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 20. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This bauxite, alumina and aluminum products company is expected to post quarterly earnings of $2.90 per share in its upcoming report, which represents a year-over-year change of +267.1%.
Revenues are expected to be $3.44 billion, up 19.9% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 15.8% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Alcoa?
For Alcoa, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +6.67%.
On the other hand, the stock currently carries a Zacks Rank of #1.
So, this combination indicates that Alcoa will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Alcoa would post earnings of $2.04 per share when it actually produced earnings of $2.50, delivering a surprise of +22.55%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Alcoa appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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Alcoa (AA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. Alcoa (AA): Free Stock Analysis Report This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
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Alcoa (AA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. Alcoa (AA): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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Alcoa (AA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. Alcoa (AA): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
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Alcoa (AA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. Alcoa (AA): Free Stock Analysis Report The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 20.
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814.0
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2022-04-13 00:00:00 UTC
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Dover (DOV) to Report Q1 Earnings: What's in the Cards?
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AA
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https://www.nasdaq.com/articles/dover-dov-to-report-q1-earnings%3A-whats-in-the-cards
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nan
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nan
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Dover Corporation DOV will release first-quarter 2022 results before the opening bell on Apr 19.
Q4 Results
In the last reported quarter, Dover’s earnings and sales beat the respective Zacks Consensus Estimate and increased year over year. The company has a trailing four-quarter earnings surprise of 12.3%, on average.
Q1 Estimates
The Zacks Consensus Estimate for first-quarter 2022 earnings per share is currently pegged at $1.85, suggesting growth of 2.2% from the prior-year quarter’s levels. The same for total revenues is pinned at $2.03 billion, indicating a year-over-year increase of 8.8%.
Price Performance
Dover’s shares have gained 6.6% in the past year against the industry’s loss of 10.9%.
Image Source: Zacks Investment Research
Factors at Play
Dover is witnessing robust bookings and order backlog across its segments stemming from strong demand, which is likely to have benefited first-quarter performance. A strong recovery in the manufacturing sector and acquisition benefits are likely to have contributed to the company’s performance in the to-be-reported quarter.
Dover’s efforts to boost productivity and cost initiatives are anticipated to have driven margins during the quarter under review. It has been executing restructuring programs to better align costs and operations with the current market conditions through targeted facility consolidations, headcount reductions and other measures. These actions are likely to have aided the company’s quarterly performance.
Segmental Estimates
In the Engineered Products segment, demand for engineered products, vehicle service and industrial automation has been strong, which might get reflected in the March-end quarter’s top line. The Zacks Consensus Estimate for the segment’s first-quarter revenues is currently pegged at $480 million, suggesting year-over-year growth of 12%. The estimate for operating profit is pegged at $61 million, suggesting a decline of 16% from the prior-year quarter’s levels. Omicron-led absenteeism, labor shortages and higher logistics costs are likely to have affected the segment’s margin during the quarter.
The Clean Energy and Fueling Solutions segment is likely to have gained from growth in underground vehicle wash and software solutions during the January- March quarter. The Zacks Consensus Estimate for the segment’s revenues is pinned at $439 million, suggesting a year-over-year increase of 12.6%. The estimate for the operating profit is pegged at $57 million, calling for a decline from the prior-year quarter’s $67 million.
The Imaging & Identification segment’s results are likely to reflect solid demand for the consumables and fast-moving consumer goods solutions. The Zacks Consensus Estimate for the segment’s revenues is pinned at $298 million, indicating year-over-year growth of 5%. The Zacks Consensus Estimate for the segment’s operating profit is estimated at $61 million, suggesting an increase of 5% from the prior-year quarter’s levels.
In the Pumps & Process Solutions segment, robust demand for the biopharma connectors and pumps, driven by COVID vaccines and non-COVID-related pharmaceutical tailwinds, are likely to have aided the segment’s March-end quarter’s performance. The Zacks Consensus Estimate for the segment’s revenues is pegged at $437 million, suggesting year-over-year growth of 11%. The consensus mark for the segment’s first quarter’s operating profit is pegged at $138 million, indicating year-over-year growth of 13%. Positive price/cost, volume growth, productivity gains and favorable product and business mix are likely to have benefited the Imaging & Identification and Pumps & Process Solutions segments’ margins.
In the Climate and Sustainability Technologies segment, strong order rates in the food retail business and large backlogs are likely to have aided the segment’s first-quarter performance. Its heat exchanger and beverage packaging business are also seeing strong order rates. The Zacks Consensus Estimate for the segment’s quarterly revenues is currently pegged at $382 million, calling for 2.7% growth year over year. The estimate for operating profit is pegged at $37.7 million compared with the year-ago quarter’s $38 million.
What Our Zacks Model Indicates
Our proven model doesn’t conclusively predict an earnings beat for Dover this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Dover is at -2.48%.
Zacks Rank: Dover currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dover Corporation Price and EPS Surprise
Dover Corporation price-eps-surprise | Dover Corporation Quote
Stocks to Consider
Here are some Industrial Products stocks, which you might consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases.
Alcoa Corporation AA currently has an Earnings ESP of +6.67% and a Zacks Rank of 1. The Zacks Consensus Estimate for first-quarter 2022 earnings has moved up 5.4% in the past 30 days to $1.90 per share, suggesting year-over-year growth of 267%.
The Zacks Consensus Estimate for Alcoa’s quarterly revenues is pegged at $3.4 billion, which indicates an increase of 19.8% from the prior-year quarter’s levels.
Deere & Company DE currently has an Earnings ESP of +2.84% and a Zacks Rank of 2. The Zacks Consensus Estimate for second-quarter fiscal 2022 earnings is currently pegged at $6.68 per share, suggesting 17.6% growth from the year-ago quarter’s tally.
The Zacks Consensus Estimate for quarterly revenues is pinned at $13.5 billion, highlighting year-over-year growth of 22.5%. Deere has a trailing four-quarter earnings surprise of 20.6%, on average. It has a long-term earnings growth of 13.5%.
Illinois Tool Works Inc. ITW currently has an Earnings ESP of +0.28% and a Zacks Rank #3. The Zacks Consensus Estimate for first-quarter 2022 earnings have gone down 0.9% in the past 30 days and is currently pegged at $2.05 per share. The projection indicates 2.8% decline from the prior-year quarter’s tally.
The Zacks Consensus Estimate for Illinois Tool’s quarterly revenues is pegged at $3.7 billion, which indicates a year-over-year improvement of 6.3%. ITW has a trailing four-quarter earnings surprise of 3.7%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Illinois Tool Works Inc. (ITW): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
Dover Corporation (DOV): Free Stock Analysis Report
Deere & Company (DE): 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 Corporation AA currently has an Earnings ESP of +6.67% and a Zacks Rank of 1. Alcoa (AA): Free Stock Analysis Report Image Source: Zacks Investment Research Factors at Play Dover is witnessing robust bookings and order backlog across its segments stemming from strong demand, which is likely to have benefited first-quarter performance.
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Alcoa Corporation AA currently has an Earnings ESP of +6.67% and a Zacks Rank of 1. Alcoa (AA): Free Stock Analysis Report Q1 Estimates The Zacks Consensus Estimate for first-quarter 2022 earnings per share is currently pegged at $1.85, suggesting growth of 2.2% from the prior-year quarter’s levels.
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Alcoa Corporation AA currently has an Earnings ESP of +6.67% and a Zacks Rank of 1. Alcoa (AA): Free Stock Analysis Report Q1 Estimates The Zacks Consensus Estimate for first-quarter 2022 earnings per share is currently pegged at $1.85, suggesting growth of 2.2% from the prior-year quarter’s levels.
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Alcoa Corporation AA currently has an Earnings ESP of +6.67% and a Zacks Rank of 1. Alcoa (AA): Free Stock Analysis Report Q4 Results In the last reported quarter, Dover’s earnings and sales beat the respective Zacks Consensus Estimate and increased year over year.
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815.0
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2022-04-13 00:00:00 UTC
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3 of the Best Momentum Stocks to Buy Using Driehaus Strategy
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AA
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https://www.nasdaq.com/articles/3-of-the-best-momentum-stocks-to-buy-using-driehaus-strategy
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nan
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nan
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Driehaus strategy can be used to choose the best momentum stocks with the “buy high and sell higher" theory. Following the success of this investment plan, Driehaus was able to attain a place in Barron’s All-Century Team.
Portfolios such as the American Association of Individual Investors (AAII) have proven that the strategy has the potential to offer high returns. Thus, investors with a high-risk appetite may opt for this strategy.
A Detailed Look Into the Driehaus Strategy
Regarding the strategy, Driehaus once said: “I would much rather invest in a stock that’s increasing in price and take the risk that it may begin to decline than invest in a stock that’s already in decline and try to guess when it will turn around.” In line with this insight, AAII took into account the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus’ philosophy.
It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.
Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.
Screening Parameters
In order to make the strategy more profitable, we have considered only those stocks that have a Zacks Rank #1 (Strong Buy) and a Momentum Score of A or B. Our research shows that stocks with a Style Score of A or B when combined with a Zacks Rank #1 or 2 (Buy), offer the best upside potential.
• Zacks Rank equal to #1
No matter whether the market is good or bad, stocks with a Zacks Rank #1 have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here.
• Last 5-year average EPS growth rates above 2%
Strong EPS growth history ensures improving business
• Trailing 12-month EPS growth greater than 0 and industry median
Higher EPS growth compared to the industry average indicates superior earnings performance
• Last four-quarter average EPS surprise greater than 5%
Solid EPS surprise history indicates better price performance
• Positive percentage change in 50-day moving average and relative strength over 4 weeks
Positive percentage change in 50-day moving average and relative strength signal uptrend
• Momentum Score equal to or less than B
A favorable momentum score indicates that it is ideal to take advantage of the momentum with the highest probability of success.
These few parameters have narrowed down the universe of over 7,743 stocks to only 15.
Here are three of the 15 stocks:
NVIDIA NVDA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence (AI)-based solutions that now support high-performance computing (HPC), gaming and virtual reality (VR) platforms.
NVIDIA has a Momentum Score of B. The trailing four-quarter earnings surprise is 7%, on average.
ConocoPhillips COP is primarily involved in the exploration and production of oil and natural gas. Considering proved reserves and production, the company is the largest explorer and producer in the world.
ConocoPhillips has a Momentum Score of B. The trailing four-quarter earnings surprise is 12.6%, on average.
Alcoa AA is a global industry leader in bauxite, alumina and aluminum products.
Alcoa has a Momentum Score of B. The trailing four-quarter earnings surprise is 27.1%, on average.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ConocoPhillips (COP): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
NVIDIA Corporation (NVDA): 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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Portfolios such as the American Association of Individual Investors (AAII) have proven that the strategy has the potential to offer high returns. A Detailed Look Into the Driehaus Strategy Regarding the strategy, Driehaus once said: “I would much rather invest in a stock that’s increasing in price and take the risk that it may begin to decline than invest in a stock that’s already in decline and try to guess when it will turn around.” In line with this insight, AAII took into account the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus’ philosophy. Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers.
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Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Portfolios such as the American Association of Individual Investors (AAII) have proven that the strategy has the potential to offer high returns. A Detailed Look Into the Driehaus Strategy Regarding the strategy, Driehaus once said: “I would much rather invest in a stock that’s increasing in price and take the risk that it may begin to decline than invest in a stock that’s already in decline and try to guess when it will turn around.” In line with this insight, AAII took into account the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus’ philosophy.
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A Detailed Look Into the Driehaus Strategy Regarding the strategy, Driehaus once said: “I would much rather invest in a stock that’s increasing in price and take the risk that it may begin to decline than invest in a stock that’s already in decline and try to guess when it will turn around.” In line with this insight, AAII took into account the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus’ philosophy. Portfolios such as the American Association of Individual Investors (AAII) have proven that the strategy has the potential to offer high returns. Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers.
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Portfolios such as the American Association of Individual Investors (AAII) have proven that the strategy has the potential to offer high returns. A Detailed Look Into the Driehaus Strategy Regarding the strategy, Driehaus once said: “I would much rather invest in a stock that’s increasing in price and take the risk that it may begin to decline than invest in a stock that’s already in decline and try to guess when it will turn around.” In line with this insight, AAII took into account the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus’ philosophy. Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers.
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816.0
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2022-04-12 00:00:00 UTC
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Alcoa (AA) Gains As Market Dips: What You Should Know
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AA
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https://www.nasdaq.com/articles/alcoa-aa-gains-as-market-dips%3A-what-you-should-know-2
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nan
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nan
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In the latest trading session, Alcoa (AA) closed at $83.26, marking a +0.88% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.34%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, added 0.09%.
Heading into today, shares of the bauxite, alumina and aluminum products company had gained 12.29% over the past month, outpacing the Industrial Products sector's gain of 0.94% and the S&P 500's gain of 5.03% in that time.
Investors will be hoping for strength from Alcoa as it approaches its next earnings release, which is expected to be April 20, 2022. In that report, analysts expect Alcoa to post earnings of $2.90 per share. This would mark year-over-year growth of 267.09%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.44 billion, up 19.86% from the year-ago period.
AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. These results would represent year-over-year changes of +91.65% and +20.91%, respectively.
Investors should also note any recent changes to analyst estimates for Alcoa. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 25.07% higher. Alcoa currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Alcoa has a Forward P/E ratio of 6.3 right now. This valuation marks a discount compared to its industry's average Forward P/E of 9.3.
The Metal Products - Distribution industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 9, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AA in the coming trading sessions, be sure to utilize Zacks.com.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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In the latest trading session, Alcoa (AA) closed at $83.26, marking a +0.88% move from the previous day. AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.
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In the latest trading session, Alcoa (AA) closed at $83.26, marking a +0.88% move from the previous day. AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.
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In the latest trading session, Alcoa (AA) closed at $83.26, marking a +0.88% move from the previous day. AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.
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In the latest trading session, Alcoa (AA) closed at $83.26, marking a +0.88% move from the previous day. AA's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $14.69 billion. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.
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817.0
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2022-04-11 00:00:00 UTC
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Why Nordson (NDSN) is an Attractive Bet for Investors Now
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AA
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https://www.nasdaq.com/articles/why-nordson-ndsn-is-an-attractive-bet-for-investors-now
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nan
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nan
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Nordson Corporation NDSN is well poised for growth, courtesy of strength across its businesses, solid end-market demand, gains from acquired assets and shareholder-friendly policies.
Image Source: Zacks Investment Research
The currently Zacks Rank #2 (Buy) player has a market capitalization of $12.9 billion. In the past month, the stock has gained 4.6% against the industry’s decline of 1.2%.
Let’s delve into the factors that make investments in NDSN a smart choice at the moment.
Business Strength: Nordson has been benefiting from strong demand for all product lines in the medical, industrial and electronics end markets. A well-diversified business structure, product launches, solid end-market demand and a large customer base in electronics, non-woven, medical, appliances, transportation, energy, building and construction, general product assembly and finishing industries are likely to boost the NDSN’s performance in the quarters ahead. For second-quarter fiscal 2022 (ending April 2022), NDSN’s adjusted earnings per share and revenues are likely to be $2.20-$2.30 and $625-$649 million, respectively.
Acquisition Benefits: Nordson intends to strengthen and expand its businesses through acquisitions. NDSN’s buyout of NDC Technologies (November 2021) is benefiting it by expanding into the new end markets like film extrusion & converting, consumer non-durable and others. Its position is also being strengthened in the electronics end market. NDSN acquired vivaMOS Ltd. (in September 2020) and Fluortek, Inc. (in June 2020). While vivaMOS added more vigour to its test and inspection capabilities, Fluortek strengthened its medical product lines.
Rewards to Shareholders: Nordson remains committed to rewarding its shareholders through dividend payouts and share buyback programs. For instance, in the first quarter of fiscal 2022 (ended January, 2022), NDSN paid out dividends worth $29.7 million and repurchased shares worth $35 million. NDSN’s quarterly dividend rate was last hiked in August 2021 by 31%. Shares worth $359.1 million were outstanding under its share repurchase program, exiting the fiscal first quarter.
Estimate Revisions: In the past 60 days, the Zacks Consensus Estimate for fiscal 2022 (ending October 2022) earnings has moved up from $8.95 to $9.05 on five upward estimate revisions against none downward. Further, the consensus estimate for fiscal 2023 (ending October 2023) earnings has increased from $9.61 to $9.74 on four upward estimate revisions with no southbound movement.
Other Stocks to Consider
Some other top-ranked companies from the Zacks Industrial Products sector are discussed below.
Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). Its earnings surprise in the last four quarters was 27.1%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa’s shares have gained 14.5% in the past month.
AGCO Corporation AGCO presently flaunts a Zacks Rank of 1. AGCO delivered a trailing four-quarter earnings surprise of 56.7%, on average.
Earnings estimates for AGCO have increased 10.7% for 2022 in the past 60 days. Its shares have rallied 5.6% in the past month.
Ferguson plc FERG presently carries a Zacks Rank of 2. Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for FERG have increased 7% for fiscal 2022 (ending July 2022). The stock has declined 16.6% in the past month.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Wolseley PLC (FERG): 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 Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa (AA): Free Stock Analysis Report
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In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). Alcoa (AA): Free Stock Analysis Report
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818.0
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2022-04-11 00:00:00 UTC
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iShares Core S&P Mid-Cap ETF Experiences Big Inflow
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AA
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https://www.nasdaq.com/articles/ishares-core-sp-mid-cap-etf-experiences-big-inflow-1
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $143.5 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 245,900,000 to 246,450,000). Among the largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is off about 1.2%, Alcoa Corporation (Symbol: AA) is off about 1.3%, and Steel Dynamics Inc. (Symbol: STLD) is up by about 1.3%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average:
Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $262.09. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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 largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is off about 1.2%, Alcoa Corporation (Symbol: AA) is off about 1.3%, and Steel Dynamics Inc. (Symbol: STLD) is up by about 1.3%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $262.09. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is off about 1.2%, Alcoa Corporation (Symbol: AA) is off about 1.3%, and Steel Dynamics Inc. (Symbol: STLD) is up by about 1.3%. For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $262.09. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Among the largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is off about 1.2%, Alcoa Corporation (Symbol: AA) is off about 1.3%, and Steel Dynamics Inc. (Symbol: STLD) is up by about 1.3%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $143.5 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 245,900,000 to 246,450,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $262.09.
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Among the largest underlying components of IJH, in trading today Targa Resources Corp (Symbol: TRGP) is off about 1.2%, Alcoa Corporation (Symbol: AA) is off about 1.3%, and Steel Dynamics Inc. (Symbol: STLD) is up by about 1.3%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $143.5 million dollar inflow -- that's a 0.2% increase week over week in outstanding units (from 245,900,000 to 246,450,000). For a complete list of holdings, visit the IJH Holdings page » The chart below shows the one year price performance of IJH, versus its 200 day moving average: Looking at the chart above, IJH's low point in its 52 week range is $247.6868 per share, with $292.05 as the 52 week high point — that compares with a last trade of $262.09.
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819.0
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2022-04-08 00:00:00 UTC
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Guinea asks bauxite miners to present local refinery plans by May
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AA
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https://www.nasdaq.com/articles/guinea-asks-bauxite-miners-to-present-local-refinery-plans-by-may
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nan
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nan
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CONAKRY, April 9 (Reuters) - The interim government of Guinea, the world's second-largest bauxite producer, on Friday asked international mining companies to present plans to refine their bauxite production into alumina within the country by May 2022.
Africa's biggest producer of the aluminium ore has been seeking to channel its mineral wealth into economic development, pressuring companies in recent years to commit to building local facilities that will refine bauxite into higher value alumina.
A junta that took power in a military coup in September has toughened the stance towards multinationals, ordering the suspension of all activities at a massive iron ore deposit last month to clarify how Guinea's interests would be preserved.
The companies concerned by the alumina ultimatum, including Guinea's top two bauxite producers Societe Miniere de Boke (SMB) and Compagnie des Bauxite de Guinee (CBG), had all previously committed to developing local refineries, the interim government said.
"The respect of basic agreements remains a non-negotiable for us," junta leader Mamady Doumbouya said during a hearing with company representatives broadcast on state television late on Friday.
"You and I can no longer continue this fool's game that perpetuates great inequality in our relations," he added.
The companies were asked to submit project proposals and a "precise timetable" for the construction of alumina refineries to the mines ministry by the end of May.
"Penalties" will ensue if the deadline is ignored, Doumbouya said without providing further detail.
SMB is owned by a consortium including Singapore shipping company Winning International Group, Shandong Weiqiao - a subsidiary of the world's top private sector aluminium producer China Hongqiao 1378.HK - and Guinea's UMS International.
CBG is 51%-owned by consortium Halco Mining Inc and 49%-owned by the Guinean government. Rio Tinto RIO.L and Alcoa Corp AA.N each hold 45% of Halco, while Dadco Investments holds the rest.
he companies did not immediately respond to Reuters requests for comment outside regular business hours.
(Reporting by Saliou Samb; Writing by Sofia Christensen; Editing by Sandra Maler)
((Sofia.Christensen@thomsonreuters.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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Rio Tinto RIO.L and Alcoa Corp AA.N each hold 45% of Halco, while Dadco Investments holds the rest. Africa's biggest producer of the aluminium ore has been seeking to channel its mineral wealth into economic development, pressuring companies in recent years to commit to building local facilities that will refine bauxite into higher value alumina. A junta that took power in a military coup in September has toughened the stance towards multinationals, ordering the suspension of all activities at a massive iron ore deposit last month to clarify how Guinea's interests would be preserved.
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Rio Tinto RIO.L and Alcoa Corp AA.N each hold 45% of Halco, while Dadco Investments holds the rest. CONAKRY, April 9 (Reuters) - The interim government of Guinea, the world's second-largest bauxite producer, on Friday asked international mining companies to present plans to refine their bauxite production into alumina within the country by May 2022. The companies concerned by the alumina ultimatum, including Guinea's top two bauxite producers Societe Miniere de Boke (SMB) and Compagnie des Bauxite de Guinee (CBG), had all previously committed to developing local refineries, the interim government said.
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Rio Tinto RIO.L and Alcoa Corp AA.N each hold 45% of Halco, while Dadco Investments holds the rest. CONAKRY, April 9 (Reuters) - The interim government of Guinea, the world's second-largest bauxite producer, on Friday asked international mining companies to present plans to refine their bauxite production into alumina within the country by May 2022. The companies concerned by the alumina ultimatum, including Guinea's top two bauxite producers Societe Miniere de Boke (SMB) and Compagnie des Bauxite de Guinee (CBG), had all previously committed to developing local refineries, the interim government said.
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Rio Tinto RIO.L and Alcoa Corp AA.N each hold 45% of Halco, while Dadco Investments holds the rest. CONAKRY, April 9 (Reuters) - The interim government of Guinea, the world's second-largest bauxite producer, on Friday asked international mining companies to present plans to refine their bauxite production into alumina within the country by May 2022. A junta that took power in a military coup in September has toughened the stance towards multinationals, ordering the suspension of all activities at a massive iron ore deposit last month to clarify how Guinea's interests would be preserved.
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820.0
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2022-04-08 00:00:00 UTC
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IDEX's (IEX) Strong Prospects Promise Growth, Risks Linger
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AA
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https://www.nasdaq.com/articles/idexs-iex-strong-prospects-promise-growth-risks-linger
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nan
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nan
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IDEX Corporation IEX is likely to gain from a diversified business structure, execution abilities, growth investments (including higher exposure in the emerging markets, productivity enhancement and digitization) and a solid product portfolio. Solid orders, backlog and pricing actions are also anticipated to be beneficial.
For 2022, IEX anticipates strength in industrial and improvements in the chemical and energy markets to benefit the Fluid & Metering Technologies segment. Solid business in the semiconductor and life sciences markets as well as recovery in automotive is likely to be beneficial for the Health & Science Technologies segment. IEX expects a total revenue rise of 6-9% and year-over-year organic sales growth of 5-8% for the same time period.
The company believes in strengthening its businesses through addition of assets. IEX acquired Nexsight, LLC and its WinCan, Envirosight, MyTana and Pipeline Renewal Technologies businesses in March 2022 besides Airtech Group plus US Valve Corporation and other entities in June 2021. Its acquisition of Abel Pumps L.P. (March 2021) added strength to IEX’s pump platform within the Fluid & Metering Technologies segment. It is worth noting that the acquired assets boosted IEX’s revenues 5% in the fourth quarter of 2021. IEX expects acquisitions to contribute 4% and 2% to revenue growth in the first quarter and 2022, respectively.
IDEX focuses on rewarding its shareholders through dividend payments. For instance, in 2021, IEX paid out dividends worth $161.1 million. IEX’s quarterly dividend rate was last hiked in May 2021, with an increase of 8%.
However, supply-chain woes, high corporate expenses and other pandemic-related problems might affect IDEX’s performance in the near term. In fourth-quarter 2021, its cost of sales went 15.9% north, while selling, general and administrative expenses, and corporate expenses increased 21.1% and 29.6%, respectively, year over year.
Further, IDEX is exposed to the risks stemming from its presence in the multiple end markets. IEX expects risks related to the lag in large projects to impact the Fluid & Metering Technology segment in the first half of 2022. Also, in 2022, softness across fire-rescue automotive markets and slowing paint capital investment are expected to hurt the Fire & Safety/Diversified Products segment.
Image Source: Zacks Investment Research
In the past three months, this currently Zacks Rank #3 (Hold) stock has decreased 11.6% compared with the industry’s decline of 10.1%.
Stocks to Consider
Some better-ranked companies from the Zacks Industrial Products sector are discussed below.
Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). Its earnings surprise in the last four quarters was 27.1%, on average.
You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa’s shares have gained 40% in the past three months.
Ferguson plc FERG presently carries a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for FERG have increased 7% for fiscal 2022 (ending July 2022). The stock has declined 24.2% in the past three months.
AGCO Corporation AGCO presently carries a Zacks Rank of #2. AGCO delivered a trailing four-quarter earnings surprise of 56.7%, on average.
Earnings estimates for AGCO have increased 10.7% for 2022 in the past 60 days. Its shares have rallied 12.6% in the past three months.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
IDEX Corporation (IEX): Free Stock Analysis Report
Wolseley PLC (FERG): 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 Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. Alcoa (AA): Free Stock Analysis Report
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821.0
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2022-04-07 00:00:00 UTC
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Notable Thursday Option Activity: ASO, AA, RIVN
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AA
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-aso-aa-rivn
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Academy Sports & Outdoors Inc (Symbol: ASO), where a total of 21,789 contracts have traded so far, representing approximately 2.2 million underlying shares. That amounts to about 45.1% of ASO's average daily trading volume over the past month of 4.8 million shares. Particularly high volume was seen for the $45 strike call option expiring May 20, 2022, with 7,335 contracts trading so far today, representing approximately 733,500 underlying shares of ASO. Below is a chart showing ASO's trailing twelve month trading history, with the $45 strike highlighted in orange:
Alcoa Corporation (Symbol: AA) options are showing a volume of 29,651 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 44.4% of AA's average daily trading volume over the past month, of 6.7 million shares. Especially high volume was seen for the $120 strike call option expiring May 20, 2022, with 2,039 contracts trading so far today, representing approximately 203,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $120 strike highlighted in orange:
And Rivian Automotive Inc - Class A (Symbol: RIVN) saw options trading volume of 83,152 contracts, representing approximately 8.3 million underlying shares or approximately 43.8% of RIVN's average daily trading volume over the past month, of 19.0 million shares. Especially high volume was seen for the $40 strike put option expiring April 08, 2022, with 8,835 contracts trading so far today, representing approximately 883,500 underlying shares of RIVN. Below is a chart showing RIVN's trailing twelve month trading history, with the $40 strike highlighted in orange:
For the various different available expirations for ASO options, AA options, or RIVN options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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Especially high volume was seen for the $120 strike call option expiring May 20, 2022, with 2,039 contracts trading so far today, representing approximately 203,900 underlying shares of AA. Below is a chart showing ASO's trailing twelve month trading history, with the $45 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 29,651 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 44.4% of AA's average daily trading volume over the past month, of 6.7 million shares.
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Below is a chart showing ASO's trailing twelve month trading history, with the $45 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 29,651 contracts thus far today. Below is a chart showing AA's trailing twelve month trading history, with the $120 strike highlighted in orange: And Rivian Automotive Inc - Class A (Symbol: RIVN) saw options trading volume of 83,152 contracts, representing approximately 8.3 million underlying shares or approximately 43.8% of RIVN's average daily trading volume over the past month, of 19.0 million shares. Below is a chart showing RIVN's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for ASO options, AA options, or RIVN options, visit StockOptionsChannel.com.
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Below is a chart showing AA's trailing twelve month trading history, with the $120 strike highlighted in orange: And Rivian Automotive Inc - Class A (Symbol: RIVN) saw options trading volume of 83,152 contracts, representing approximately 8.3 million underlying shares or approximately 43.8% of RIVN's average daily trading volume over the past month, of 19.0 million shares. Below is a chart showing ASO's trailing twelve month trading history, with the $45 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 29,651 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 44.4% of AA's average daily trading volume over the past month, of 6.7 million shares.
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Especially high volume was seen for the $120 strike call option expiring May 20, 2022, with 2,039 contracts trading so far today, representing approximately 203,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $120 strike highlighted in orange: And Rivian Automotive Inc - Class A (Symbol: RIVN) saw options trading volume of 83,152 contracts, representing approximately 8.3 million underlying shares or approximately 43.8% of RIVN's average daily trading volume over the past month, of 19.0 million shares. Below is a chart showing RIVN's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for ASO options, AA options, or RIVN options, visit StockOptionsChannel.com.
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822.0
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2022-04-07 00:00:00 UTC
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Graco (GGG) Exhibits Strong Prospects, Risks Persist
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AA
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https://www.nasdaq.com/articles/graco-ggg-exhibits-strong-prospects-risks-persist
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Graco Inc. GGG stands to gain from its efficient management team, product investments and a sound customer base. Going forward, investments in capacity expansion and innovation as well as solid shareholder-friendly policies will likely aid GGG. GGG anticipates organic sales growth (on constant-currency basis) in the high-single digits for 2022. Higher demand is expected for all segments and geographical locations.
Graco focuses on pumping resources into innovation and capacity expansion. GGG’s innovation line comprising Intelligent Paint Kitchen, SaniSpray HP 20 electrostatic sprayer, Voltex Dynamic Mix Valve, PerformAA air-assist, TapeLazer HP Automatic system, airless spray guns, etc. in 2021 is worth mentioning. In 2022, GGG further plans to invest $140 million in expanding its facilities and $190 million in rolling out machinery. GGG is focused on achieving revenue growth of 10% (CAGR) and an earnings improvement of 12% (CAGR) in the long run.
Graco remains committed toward rewarding its shareholders through dividend payouts. For instance, in 2021, it paid out dividends worth $127.1 million, reflecting an increase of 8.7% year over year. Further, GGG hiked its quarterly dividend rate 12% in December 2021.
However, increased product costs, triggered by supply chain, logistics and inflationary woes (mainly in raw materials and labor) are going to be unfavourable for GGG. In fourth quarter 2021, its cost of sales went 17.5% north from the year-ago quarter’s figure while its gross margin decreased 120 basis points (bps). Graco anticipates logistics issues and supply-chain constraints to be worrisome in the first two quarters of 2022.
Due to Graco’s global presence, it is exposed to the risks stemming from geopolitical issues, unfavourable movements in foreign currencies and other headwinds. Foreign currency translation had a negative impact of 1% on both Industrial and Contractor segments’ sales in fourth-quarter 2021. In 2022, adverse movements in forex will likely decrease sales 1% and earnings 3%.
In the past three months, this currently Zacks Rank #3 (Hold) stock has decreased 9.2% compared with the industry’s decline of 10.1%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked companies from the Zacks Industrial Products sector are discussed below.
Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). Its earnings surprise in the last four quarters was 27.1%, on average.
You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022. AA’s shares have gained 42.5% in the past three months.
Ferguson plc FERG presently carries a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for Ferguson have increased 7% for fiscal 2022 (ending July 2022). The stock has declined 26.1% in the past three months.
AGCO Corporation AGCO presently carries a Zacks Rank of #2. AGCO delivered a trailing four-quarter earnings surprise of 56.7%, on average.
Earnings estimates for AGCO have increased 10.7% for 2022 in the past 60 days. Its shares have rallied 13.1% in the past three months.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Graco Inc. (GGG): Free Stock Analysis Report
Wolseley PLC (FERG): 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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GGG’s innovation line comprising Intelligent Paint Kitchen, SaniSpray HP 20 electrostatic sprayer, Voltex Dynamic Mix Valve, PerformAA air-assist, TapeLazer HP Automatic system, airless spray guns, etc. Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022.
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Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). GGG’s innovation line comprising Intelligent Paint Kitchen, SaniSpray HP 20 electrostatic sprayer, Voltex Dynamic Mix Valve, PerformAA air-assist, TapeLazer HP Automatic system, airless spray guns, etc. In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022.
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GGG’s innovation line comprising Intelligent Paint Kitchen, SaniSpray HP 20 electrostatic sprayer, Voltex Dynamic Mix Valve, PerformAA air-assist, TapeLazer HP Automatic system, airless spray guns, etc. Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022.
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GGG’s innovation line comprising Intelligent Paint Kitchen, SaniSpray HP 20 electrostatic sprayer, Voltex Dynamic Mix Valve, PerformAA air-assist, TapeLazer HP Automatic system, airless spray guns, etc. Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). In the past 60 days, AA’s earnings estimates have increased 86.7% for 2022.
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823.0
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2022-04-06 00:00:00 UTC
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Alcoa (AA) Gains As Market Dips: What You Should Know
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AA
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https://www.nasdaq.com/articles/alcoa-aa-gains-as-market-dips%3A-what-you-should-know-1
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In the latest trading session, Alcoa (AA) closed at $87.73, marking a +0.02% move from the previous day. This move outpaced the S&P 500's daily loss of 0.97%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq lost 0.49%.
Prior to today's trading, shares of the bauxite, alumina and aluminum products company had gained 6.48% over the past month. This has outpaced the Industrial Products sector's gain of 2.51% and the S&P 500's gain of 4.71% in that time.
Wall Street will be looking for positivity from Alcoa as it approaches its next earnings report date. This is expected to be April 20, 2022. In that report, analysts expect Alcoa to post earnings of $2.90 per share. This would mark year-over-year growth of 267.09%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.44 billion, up 19.86% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $13.09 per share and revenue of $14.69 billion. These totals would mark changes of +91.65% and +20.91%, respectively, from last year.
Any recent changes to analyst estimates for Alcoa should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 50.77% higher within the past month. Alcoa is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Alcoa is holding a Forward P/E ratio of 6.7. This valuation marks a discount compared to its industry's average Forward P/E of 10.12.
The Metal Products - Distribution industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 15, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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In the latest trading session, Alcoa (AA) closed at $87.73, marking a +0.02% move from the previous day. Alcoa (AA): Free Stock Analysis Report Prior to today's trading, shares of the bauxite, alumina and aluminum products company had gained 6.48% over the past month.
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In the latest trading session, Alcoa (AA) closed at $87.73, marking a +0.02% move from the previous day. Alcoa (AA): Free Stock Analysis Report This has outpaced the Industrial Products sector's gain of 2.51% and the S&P 500's gain of 4.71% in that time.
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In the latest trading session, Alcoa (AA) closed at $87.73, marking a +0.02% move from the previous day. Alcoa (AA): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $13.09 per share and revenue of $14.69 billion.
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In the latest trading session, Alcoa (AA) closed at $87.73, marking a +0.02% move from the previous day. Alcoa (AA): Free Stock Analysis Report This has outpaced the Industrial Products sector's gain of 2.51% and the S&P 500's gain of 4.71% in that time.
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824.0
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2022-04-06 00:00:00 UTC
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Here's Why It Is Worth Investing in Donaldson (DCI) Right Now
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AA
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https://www.nasdaq.com/articles/heres-why-it-is-worth-investing-in-donaldson-dci-right-now
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Donaldson Company, Inc. DCI currently boasts robust prospects on strength in its businesses, solid product portfolio, acquisitions and growth investments.
Image Source: Zacks Investment Research
This Zacks Rank #2 (Buy) company has a market capitalization of $6.3 billion. In the past month, the stock has gained 4.4% compared with the industry’s growth of 4.2%.
Let’s delve into the factors that make investment in the company a smart decision at the moment.
Business Strength: Donaldson has been benefiting from its diversified business operations, with exposure in various geographies and end markets like construction, mining, aerospace, defense, and food & beverage. In the quarters ahead, the company is expected to benefit from its strong product portfolio, solid demand, focus on innovation and growth investments. Driven by solid segmental demand, its sales improved 18.2% year over year in second-quarter fiscal 2022 (ended January 2022), resulting in earnings growth of 9.6% from the year-ago quarter. The company’s Engine Products segment recorded a 19.8% increase in sales. Industrial Products’ sales expanded 14.6% year over year. Net sales are likely to increase 11-15% year over year in fiscal 2022 (ending July 2022), higher than 8-12% anticipated earlier.
Acquisition Benefits: The company intends to strengthen and expand its businesses through acquisitions. Its buyout of Solaris Biotechnology (in November 2021) has been strengthening its presence across several end markets, including food and beverage, biopharma and other major life sciences. The company also acquired Pearson Arnold Industrial Services in the same month.
Rewards to Shareholders: It remains committed to rewarding shareholders through dividend payouts and share buyback programs. For instance, in the first six months of fiscal 2022, Donaldson paid out dividends worth $54.6 million and repurchased shares worth $115.6 million. Further, it hiked its quarterly dividend rate by 4.8% in May 2021. The company expects free cash flow conversion of 70-80% and plans to buy back 2% of its outstanding shares for fiscal 2022.
Estimate Revisions: In the past 60 days, the Zacks Consensus Estimate for its fiscal 2022 (ending July 2022) earnings has moved up from $2.68 to $2.70 on three upward estimate revisions against none downward. Further, the consensus estimate for its fiscal 2023 (ending July 2023) earnings has increased from $2.97 to $3.03 on four upward estimate revisions versus none downward.
Other Stocks to Consider
Some other top-ranked companies from the Zacks Industrial Products sector are discussed below.
Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). Its earnings surprise in the last four quarters was 27.1%, on average.
You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, Alcoa’s earnings estimates have increased 86.5% for 2022. AA’s shares have gained 2.7% in the past month.
Ferguson plc FERG presently carries a Zacks Rank #2. Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for Ferguson have increased 7% for fiscal 2022 (ending July 2022). Ferguson’s shares have declined 5.5% in the past month.
AGCO Corporation AGCO presently carries a Zacks Rank #2. The company delivered a four-quarter earnings surprise of 56.7%, on average.
The earnings estimates for AGCO have increased 10.7% for 2022 in the past 60 days. Its shares have increased 18.9% in the past month.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Wolseley PLC (FERG): 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 Corporation AA presently sports a Zacks Rank #1 (Strong Buy). AA’s shares have gained 2.7% in the past month. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). AA’s shares have gained 2.7% in the past month. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). AA’s shares have gained 2.7% in the past month. Alcoa (AA): Free Stock Analysis Report
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Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). AA’s shares have gained 2.7% in the past month. Alcoa (AA): Free Stock Analysis Report
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825.0
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2022-04-05 00:00:00 UTC
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Some Japanese buyers agree Q2 aluminium premium of $172/T -sources
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AA
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https://www.nasdaq.com/articles/some-japanese-buyers-agree-q2-aluminium-premium-of-%24172-t-sources
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nan
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TOKYO, April 5 (Reuters) - Some Japanese aluminium buyers have agreed with at least two global producers to pay a premium of $172 a tonne over the benchmark price for April-June shipments, down 2.8% from the previous quarter, three sources directly involved in the pricing talks said.
The figure is lower than the $177 per tonne paid in the January-March quarter and marks a second consecutive quarterly drop. It is also lower than initial offers of $195-$250 made by producers.
Japan is Asia's biggest importer of aluminium and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region.
(Reporting by Yuka Obayashi Editing by David Goodman )
((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))
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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TOKYO, April 5 (Reuters) - Some Japanese aluminium buyers have agreed with at least two global producers to pay a premium of $172 a tonne over the benchmark price for April-June shipments, down 2.8% from the previous quarter, three sources directly involved in the pricing talks said. Japan is Asia's biggest importer of aluminium and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. (Reporting by Yuka Obayashi Editing by David Goodman ) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) 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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TOKYO, April 5 (Reuters) - Some Japanese aluminium buyers have agreed with at least two global producers to pay a premium of $172 a tonne over the benchmark price for April-June shipments, down 2.8% from the previous quarter, three sources directly involved in the pricing talks said. Japan is Asia's biggest importer of aluminium and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. (Reporting by Yuka Obayashi Editing by David Goodman ) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) 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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TOKYO, April 5 (Reuters) - Some Japanese aluminium buyers have agreed with at least two global producers to pay a premium of $172 a tonne over the benchmark price for April-June shipments, down 2.8% from the previous quarter, three sources directly involved in the pricing talks said. Japan is Asia's biggest importer of aluminium and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. (Reporting by Yuka Obayashi Editing by David Goodman ) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) 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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TOKYO, April 5 (Reuters) - Some Japanese aluminium buyers have agreed with at least two global producers to pay a premium of $172 a tonne over the benchmark price for April-June shipments, down 2.8% from the previous quarter, three sources directly involved in the pricing talks said. The figure is lower than the $177 per tonne paid in the January-March quarter and marks a second consecutive quarterly drop. It is also lower than initial offers of $195-$250 made by producers.
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826.0
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2022-04-05 00:00:00 UTC
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Stay Ahead of The Market With These 3 Strong Buy Stocks
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AA
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https://www.nasdaq.com/articles/stay-ahead-of-the-market-with-these-3-strong-buy-stocks
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nan
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nan
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We’ve recently witnessed the strongest weeks in the market year-to-date, and investors are hopeful that the trend will continue to close the chapter on a rough start to 2022. However, today, the market pulled back.
Inflation fears are still widespread, but last week’s strong employment report bodes well for the state of the economy. Additionally, earnings season is just around the corner, a time when stocks will typically see the most movement.
I’ve selected three stocks to share today that all carry a Zacks Rank #1 (Strong Buy) with an overall VGM Score of an A. Two of them have quarterly reports coming this month, so let’s take a look at these three companies and analyze key metrics to see why I believe they deserve a spot within your portfolio.
Alcoa
Alcoa AA is a worldwide leader in producing bauxite and aluminum products. The company has built a legacy of breakthrough innovations and best practices that have led to efficiency, safety, and sustainability. Shares have displayed stellar relative strength over the last year, advancing nearly 180% in value and easily outpacing the S&P 500’s 15% return.
Alcoa Price, Consensus and EPS Surprise
Alcoa price-consensus-eps-surprise-chart | Alcoa Quote
The company kicks off earnings season with its next quarterly report on April 20th. Be ready for this earnings report, as the Zacks Consensus Estimate of $2.90 per share reflects a year-over-year increase of a notable 270%.
The subsequent quarter is looking even more robust, with EPS estimates increasing nearly 80% to $3.39 per share over the last 60 days. Furthermore, the current and next year’s EPS estimates have also soared 86% up to $13.09 per share and 80% up to $10.57 per share.
The company slashed its total liabilities by 11% from 2020 to 2021 and increased its total assets by 1.1%. Notably, long-term debt shrunk nearly 30%, and Alcoa ended FY21 with $1.8 billion in cash and equivalents, a 13% increase from FY20.
Flashing signs of being undervalued, the company’s current forward-earnings multiple of 6.9X is much lower than the Zacks Metal Products – Distribution Industry’s average of 10.6X. The current ratio is lower than its September 2021 high of 10.2X but slightly higher than its low of 6.3X in July 2021.
AA grew its top line by 31% from 2020 to 2021, attributed to a higher realized price of aluminum and alumina. Sales estimates for the current fiscal year reflect a considerable 21% increase year-over-year, and the company is going into its next quarterly report with an ESP Score of 6.5%. With a strong earnings outlook and a strengthened balance sheet, Alcoa has positioned itself nicely rolling into its next quarterly report and looks to remain strong in the future.
AutoNation
AutoNation AN is the largest automotive retailer in the United States that offers vehicle maintenance and repair services, vehicle parts, extended service contracts, and other aftermarket services. Shares of AN climbed as high as $131 in 2021 but have since declined roughly 25% and lagged behind the general market over the last year.
AutoNation, Inc. Price, Consensus and EPS Surprise
AutoNation, Inc. price-consensus-eps-surprise-chart | AutoNation, Inc. Quote
AutoNation is slated to release its next quarterly earnings on April 19th, and it’s worth noting that the Zacks Consensus Estimate is forecasting EPS of $5.32 per share, a year-over-year growth of a considerable 90%. Next quarter's EPS estimate has been on the rise as well over the last 60 days, increasing by 9% up to $5.22 per share.
Furthermore, analysts have also raised their earnings outlook for the current and next year, with the Consensus Estimate Trend seeing increases of 12% to $20.06 per share and 20% to $18.28 per share.
AutoNation could be considered undervalued with its 5X forward-earnings multiple, much lower than its industry’s 6.2X average. Additionally, the current value is much lower than its 2021 high of 13.1X but marginally higher than its 2022 low of 4.9X.
The auto-retailer had revenue growth of nearly 27% from 2020 to 2021, and the current year’s sales estimate forecasts a year-over-year top-line expansion of 1.5%. Over its last four quarterly reports, AN has an average EPS surprise of nearly 40%, and in its latest quarter, it beat estimates by 15%. Going into its next quarterly earnings, AutoNation currently has an ESP Score of 1.2%.
AutoNation Sales
Image Source: Zacks Investment Research
Photronics, Inc
Photronics, Inc PLAB is a global leader in the manufacturing of photomasks. Photomasks are high-precision quartz plates containing microscopic images of electronic circuits and are a vital element in the production of semiconductors. Shares have performed well over the last year, scratching in an 18% return and slightly outpacing the S&P 500.
Photronics, Inc. Price, Consensus and EPS Surprise
Photronics, Inc. price-consensus-eps-surprise-chart | Photronics, Inc. Quote
Unlike AA and AN, Photronics is slated to release its next quarterly report a little bit later, on May 25th. Look out though, analysts have been revising their earnings estimates upward over the last 60 days, boosting next quarter’s EPS estimate by 9% to $0.35 per share and the subsequent quarter’s EPS estimate by 15% to $0.38 per share. The current and next year’s EPS estimates have also witnessed positive revisions, increasing 15% to $1.49 per share and 9% to $1.63 per share, respectively.
Currently, the photomask manufacturer sports an 11.1X forward-earnings multiple, much lower than its 2021 high of 19.8X but slightly higher than its 2022 low of 10.8X. Additionally, the current value is also considerably lower than its industry’s 12.6X average.
From 2020 to 2021, PLAB’s top line grew by 6%, and sales estimates for the current year represent a substantial 17% year-over-year increase. The company has a very respectable 14% average EPS surprise over its last four quarters, and in its latest report, PLAB exceeded earnings expectations by nearly 23%.
Image Source: Zacks Investment Research
Final Thoughts
Pairing a Zacks Rank #1 (Strong Buy) with a high VGM Score is a great way to succeed in the market and rake in considerable gains. All three of these companies meet these initial standards, which bolsters my confidence surrounding future performance.
Additionally, all three companies have seen positive estimate revisions over the last 60 days, have strong revenue forecasts, and enticingly low forward-earnings multiples. These are all reasons why I believe these three stocks would be good portfolio additions.
Infrastructure Stock Boom to Sweep America
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
AutoNation, Inc. (AN): Free Stock Analysis Report
Photronics, Inc. (PLAB): 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 Alcoa AA is a worldwide leader in producing bauxite and aluminum products. AA grew its top line by 31% from 2020 to 2021, attributed to a higher realized price of aluminum and alumina. Photronics, Inc. Price, Consensus and EPS Surprise Photronics, Inc. price-consensus-eps-surprise-chart | Photronics, Inc. Quote Unlike AA and AN, Photronics is slated to release its next quarterly report a little bit later, on May 25th.
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Photronics, Inc. Price, Consensus and EPS Surprise Photronics, Inc. price-consensus-eps-surprise-chart | Photronics, Inc. Quote Unlike AA and AN, Photronics is slated to release its next quarterly report a little bit later, on May 25th. Alcoa Alcoa AA is a worldwide leader in producing bauxite and aluminum products. AA grew its top line by 31% from 2020 to 2021, attributed to a higher realized price of aluminum and alumina.
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Alcoa Alcoa AA is a worldwide leader in producing bauxite and aluminum products. AA grew its top line by 31% from 2020 to 2021, attributed to a higher realized price of aluminum and alumina. Photronics, Inc. Price, Consensus and EPS Surprise Photronics, Inc. price-consensus-eps-surprise-chart | Photronics, Inc. Quote Unlike AA and AN, Photronics is slated to release its next quarterly report a little bit later, on May 25th.
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Alcoa Alcoa AA is a worldwide leader in producing bauxite and aluminum products. AA grew its top line by 31% from 2020 to 2021, attributed to a higher realized price of aluminum and alumina. Photronics, Inc. Price, Consensus and EPS Surprise Photronics, Inc. price-consensus-eps-surprise-chart | Photronics, Inc. Quote Unlike AA and AN, Photronics is slated to release its next quarterly report a little bit later, on May 25th.
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827.0
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2022-04-04 00:00:00 UTC
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Top 5 Momentum Picks for April After Markets Rebound in March
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AA
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https://www.nasdaq.com/articles/top-5-momentum-picks-for-april-after-markets-rebound-in-march
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nan
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nan
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U.S. stock markets completed a highly disappointing first-quarter 2022. However, last month was a solid one for Wall Street. Despite the ongoing war between Russia and Ukraine, soaring inflation and the possibility of a more than-expected hawkish Fed in 2022 failed to deter market participants in risky assets like equities.
Wall Street started April and the second quarter of 2022 on a positive note. Historically, April remained favorable to investors. This year too the trend is likely to prevail supported by the solid fundamentals of the U.S. economy.
At this stage, it will be prudent to invest in stocks that have momentum in April with a favorable Zacks Rank. Five such stocks are — Alcoa Corp. AA, Chevron Corp. CVX, D.R. Horton Inc. DHI, Williams-Sonoma Inc. WSM and The Mosaic Co. MOS.
Wall Street Rebounds in March
In first-quarter 2022, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — tumbled 4.6%, 4.9% and 9.1%, respectively. This marked the worst quarterly performance by these three indexes since the first quarter of 2022, at the onset of the coronavirus outbreak.
However, in March, the Dow, the S&P 500 and the Nasdaq Composite – gained 2.3%, 3.6% and 3.4%, respectively. A series of negotiations between Russia and Ukraine to resolve geopolitical disputes, the cooling down of commodity prices, especially, for crude oil and investors’ expectation of a 2% interest rate hike by the Fed, which seems already factored in market valuation, resulted in a stock market rally.
Historically, April is considered a strong month on Wall Street. This month is considered as the best month for the market’s benchmark the S&P 500 Index. CNBC reported citing CFRA that the S&P has been higher 70% of the time and has gained an average 1.7% in each April since World War II. For all these months, the S&P averaged a gain of 0.7%.
Strong Fundamentals of the U.S. Economy
U.S. labor has regained pace in 2022. Businesses are recruiting more despite mounting inflation and prolonged supply-chain disruptions. Strong demand helped businesses to absorb higher cost of production.
The U.S. economy added 431,000 jobs in March. Although the data fell below the consensus estimate of 474,000, in absolute term, the data was impressive. Moreover, February and January’s data were revised upward by 72,000 and 23,000 respectively.
The unemployment rate dropped to 3.6% in March from 3.8% in February. Moreover, the real unemployment rate, which includes discouraged workers and those holding part-time jobs for economic reasons, declined to 6.9% in March from 7.2% in February.
Personal spending increased by 0.2% in February after climbing 2.7% in January, defying a record-high inflation, which is currently a its 40-year high. Furthermore, the average hourly wage rate increased by 0.4% in March over February and 3.6% year over year. This would enable Americans to spend more in April.
The Fed hiked the benchmark interest rate on Mar 16, for the first time in more than three years. The central bank also warned of harsher stances in near future if it fails to contain inflation. However, Wall Street witnessed an impressive rally in the second half of March. It seems that market participants have already factored a 2% in interest rate in 2022.
Our Top Picks
We have narrowed our search to five large-cap (market capital > $10 billion) momentum stocks. These stocks have seen strong earnings estimate revisions within the last 30 days indicating that the market is expecting this companies to do good business in the near-term. Each of our picks carries a Zacks Rank #1 (Strong Buy) and has a Momentum Score of A or B. You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Chevron is one of the best-placed global integrated oil firms to achieve a sustainable production ramp-up. CVX’s existing project pipeline is one of the best in the industry, thanks to its premier position in the lucrative Permian Basin. The WTI crude oil price is hovering well above $100 per barrel. The price is likely to remain elevated as the Russia-Ukraine conflict is yet to be resolved.
Chevron’s Noble Energy takeover has expanded its footprint in the region and the DJ Basin. CVX now has access to Noble Energy’s low-cost, proven reserves along with cash-generating offshore assets in Israel — particularly the flagship Leviathan natural gas project — thereby boosting its footing in the Mediterranean.
Chevron has an expected earnings growth rate of 60.4% for the current year. The Zacks Consensus Estimate for current-year earnings improved 1.9% over the last 7 days.
Alcoa produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. AA operates through three segments: Bauxite, Alumina, and Aluminum.
Alcoa is engaged in bauxite mining operations and processes bauxite into alumina and sells it to customers who process it into industrial chemical products. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
Alcoa has an expected earnings growth rate of 91.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 3.1% over the last 7 days.
The Mosaic is likely to gain from higher demand for fertilizers. Demand for phosphate and potash in North America was strong in 2021, and the momentum is likely to continue this year. Strong grower economics and crop commodity prices are driving potash demand globally.
The Vale Fertilizantes buyout is also expected to deliver significant synergies. Mosaic is also expected to benefit from its cost-reduction actions, leading to an improvement in its operating cost structure. MOS’ efforts to lower debt, streamline processes, centralize mining operations and automation are encouraging.
Mosaic has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 10.8% over the last 30 days.
D.R. Horton is expected to continue strong performance supported by its industry-leading market share, solid acquisition strategy, well-stocked supply of land, lots and homes along with affordable product offerings across multiple brands.
Acquisitions have been an important part of DHI’s growth strategy. D.R. Horton is fast acquiring homebuilding companies in desirable markets. Higher building material costs, as well as land and labor shortages are prompting homebuilders to increase home prices. That said, DRI’s strategic shift toward more entry-level affordable homes has been paying off, with the segment experiencing strong demand and limited supply. First-time homebuyers represented 55% of its closings for first-quarter fiscal 2022.
D.R. Horton has an expected earnings growth rate of 39.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the last 30 days.
Williams-Sonoma is a multi-channel specialty retailer of premium quality home products. WSM continues to enhance the e-commerce channel, optimize the supply chain and undertake cost-control measures to drive growth. Williams-Sonoma is focused on enhancing customer experience through technology innovation and operational improvement.
In order to drive brand awareness and increase customer engagement and cross-selling opportunities, WSM shifted its advertising spend toward social media campaigns and in cross-brand initiatives. Cross-brand initiatives such as The Key, Design Crew Room Planner and The One Registry are expected to be incremental growth drivers for all its brands going forward.
Williams-Sonoma has an expected earnings growth rate of 4.8% for the current year (ending January 2023). The Zacks Consensus Estimate for current-year earnings improved 8.7% over the last 30 days.
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Chevron Corporation (CVX): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
D.R. Horton, Inc. (DHI): Free Stock Analysis Report
WilliamsSonoma, Inc. (WSM): Free Stock Analysis Report
The Mosaic Company (MOS): 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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Five such stocks are — Alcoa Corp. AA, Chevron Corp. CVX, D.R. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Five such stocks are — Alcoa Corp. AA, Chevron Corp. CVX, D.R. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Five such stocks are — Alcoa Corp. AA, Chevron Corp. CVX, D.R. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Five such stocks are — Alcoa Corp. AA, Chevron Corp. CVX, D.R. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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828.0
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2022-03-30 00:00:00 UTC
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Noteworthy ETF Outflows: XME, MP, AA, NUE
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AA
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https://www.nasdaq.com/articles/noteworthy-etf-outflows%3A-xme-mp-aa-nue
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $265.3 million dollar outflow -- that's a 6.8% decrease week over week (from 64,100,000 to 59,750,000). Among the largest underlying components of XME, in trading today MP Materials Corp (Symbol: MP) is up about 8.9%, Alcoa Corporation (Symbol: AA) is up about 2%, and Nucor Corp. (Symbol: NUE) is lower by about 0.6%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average:
Looking at the chart above, XME's low point in its 52 week range is $38.60 per share, with $63.70 as the 52 week high point — that compares with a last trade of $62.10. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Free Report: Top 7%+ Dividends (paid monthly)
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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 largest underlying components of XME, in trading today MP Materials Corp (Symbol: MP) is up about 8.9%, Alcoa Corporation (Symbol: AA) is up about 2%, and Nucor Corp. (Symbol: NUE) is lower by about 0.6%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $38.60 per share, with $63.70 as the 52 week high point — that compares with a last trade of $62.10. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XME, in trading today MP Materials Corp (Symbol: MP) is up about 8.9%, Alcoa Corporation (Symbol: AA) is up about 2%, and Nucor Corp. (Symbol: NUE) is lower by about 0.6%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $38.60 per share, with $63.70 as the 52 week high point — that compares with a last trade of $62.10. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
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Among the largest underlying components of XME, in trading today MP Materials Corp (Symbol: MP) is up about 8.9%, Alcoa Corporation (Symbol: AA) is up about 2%, and Nucor Corp. (Symbol: NUE) is lower by about 0.6%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $265.3 million dollar outflow -- that's a 6.8% decrease week over week (from 64,100,000 to 59,750,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $38.60 per share, with $63.70 as the 52 week high point — that compares with a last trade of $62.10.
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Among the largest underlying components of XME, in trading today MP Materials Corp (Symbol: MP) is up about 8.9%, Alcoa Corporation (Symbol: AA) is up about 2%, and Nucor Corp. (Symbol: NUE) is lower by about 0.6%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $265.3 million dollar outflow -- that's a 6.8% decrease week over week (from 64,100,000 to 59,750,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $38.60 per share, with $63.70 as the 52 week high point — that compares with a last trade of $62.10.
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829.0
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2022-03-30 00:00:00 UTC
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3 Commodity Stocks to Buy on the Dip
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AA
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https://www.nasdaq.com/articles/3-commodity-stocks-to-buy-on-the-dip
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Cameco (CCJ) Cameco is cashing in on the surge in uranium prices.
Freeport-McMoRan (FCX) just formed a gorgeous bullish hammer candle at the rising 20-day moving average.
Alcoa (AA) is gunning for $100 per share.
On Tuesday, commodity stocks took a back seat to the rest of the market. But don’t let the short-term bout of weakness fool you. The trend remains higher and inflationary pressures continue to support bullish trades in just about any company in the commodity space. We’ve seen everything from energy to precious metals and industrial metals to agriculture soar higher throughout 2022.
Along the way, there have been a few continuation patterns form like breakouts and retracements. Each has been a gift that paid handsomely. I suspect the current setup will play out likewise. As such, I’m sharing three top commodity stocks to buy on the dip. If I’m being honest, they weren’t hard to find. The energy and basic materials sectors are littered with quality uptrends that just dropped for two to four days.
7 Blue-Chip Stocks With Dividends to Add to Your Buy List
They now lie near support and offer low-risk entries for new buyers.
Ticker Company Current Price
CCJ Cameco $28.54
FCX Freeport-McMoRan $50.49
AA Alcoa $91.42
Cameco (CCJ)
Source: The thinkorswim® platform from TD Ameritrade
Cameco (NYSE:CCJ) is flying high alongside uranium prices which recently hit their highest prices in over a decade. There are bullish undertones to uranium based on the Russia-Ukraine war and renewed global interest in nuclear energy. But we can make a case for more upside based on the price chart alone.
Since bottoming in late January, CCJ stock has been on a tear. But rather than go straight up, it has taken time to build multiple retracement patterns to give spectators a chance to climb aboard. The rising 20-day moving average has been a gathering ground for dip buyers, and we’re knocking on its door again. I’m particularly encouraged by the steady drumbeat of accumulation over the past two months.
Volume continues to crescendo during up days, confirming big buyers have been wading in. This is not a trend you want to bet against. It’s worth noting, there are other companies with exposure to uranium, but CCJ is arguably the best vehicle given its superior liquidity and available options. The cheap price tag and high implied volatility work well with selling puts.
The Trade: Sell the May $24 naked put for $1.
Freeport-McMoRan (FCX)
Source: The thinkorswim® platform from TD Ameritrade
Freeport-McMoRan (NYSE:FCX) takes its cues from the copper chart. And recently, the commodity has been dancing to a bullish beat. I find many similarities between the price action in CCJ and FCX. They’re both cheaper securities with fantastic liquidity and dollar-wide option strikes available. Like Cameco, Freeport has provided several chances to enter on a breakout or pullback to support.
In a weaker market, FCX would have pulled back more than two days before bulls rushed in. But that’s not what’s happening. Tuesday staged a massive intraday reversal. Even though prices closed in the red, they finished 5% off the lows to create a convincing hammer candle, increasing volume to boot.
If you think the march higher continues, consider entering bull call spreads.
The 7 Most Undervalued Stocks to Buy in April
Bull Call Spread: Buy the May $50/$55 call spread for $1.75.
Alcoa (AA)
Source: The thinkorswim® platform from TD Ameritrade
Alcoa (NYSE:AA) is the final favorite for today’s commodity stocks to shop. The bullish narrative for the Pittsburgh-based aluminum behemoth mirrors its predecessors. Inflation and an improving market backdrop have investors willing to chase. Prices are rising above all major moving averages. Tuesday was the third straight down day, but buyers swarmed aggressively at the 20-day moving average.
AA closed at the high of the session after a stunning turnaround across nearly all inflation-sensitive stocks. The psychologically significant round number of $100 is a stone’s throw away and should act as a magnet moving forward. I like building call spreads to prepare and profit for an eventual run to it.
The Trade: Buy the May $90/$100 call vertical spread for $3.70.
On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 3 Commodity Stocks to Buy on the Dip appeared first on InvestorPlace.
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 gunning for $100 per share. Ticker Company Current Price CCJ Cameco $28.54 FCX Freeport-McMoRan $50.49 AA Alcoa $91.42 Cameco (CCJ) Source: The thinkorswim® platform from TD Ameritrade Cameco (NYSE:CCJ) is flying high alongside uranium prices which recently hit their highest prices in over a decade. Alcoa (AA) Source: The thinkorswim® platform from TD Ameritrade Alcoa (NYSE:AA) is the final favorite for today’s commodity stocks to shop.
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Ticker Company Current Price CCJ Cameco $28.54 FCX Freeport-McMoRan $50.49 AA Alcoa $91.42 Cameco (CCJ) Source: The thinkorswim® platform from TD Ameritrade Cameco (NYSE:CCJ) is flying high alongside uranium prices which recently hit their highest prices in over a decade. Alcoa (AA) Source: The thinkorswim® platform from TD Ameritrade Alcoa (NYSE:AA) is the final favorite for today’s commodity stocks to shop. Alcoa (AA) is gunning for $100 per share.
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Ticker Company Current Price CCJ Cameco $28.54 FCX Freeport-McMoRan $50.49 AA Alcoa $91.42 Cameco (CCJ) Source: The thinkorswim® platform from TD Ameritrade Cameco (NYSE:CCJ) is flying high alongside uranium prices which recently hit their highest prices in over a decade. Alcoa (AA) is gunning for $100 per share. Alcoa (AA) Source: The thinkorswim® platform from TD Ameritrade Alcoa (NYSE:AA) is the final favorite for today’s commodity stocks to shop.
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Ticker Company Current Price CCJ Cameco $28.54 FCX Freeport-McMoRan $50.49 AA Alcoa $91.42 Cameco (CCJ) Source: The thinkorswim® platform from TD Ameritrade Cameco (NYSE:CCJ) is flying high alongside uranium prices which recently hit their highest prices in over a decade. Alcoa (AA) is gunning for $100 per share. Alcoa (AA) Source: The thinkorswim® platform from TD Ameritrade Alcoa (NYSE:AA) is the final favorite for today’s commodity stocks to shop.
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830.0
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2022-03-29 00:00:00 UTC
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Alcoa Corporation Moves Up In Market Cap Rank, Passing FactSet Research Systems
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AA
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https://www.nasdaq.com/articles/alcoa-corporation-moves-up-in-market-cap-rank-passing-factset-research-systems
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nan
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nan
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Alcoa Corporation (Symbol: AA) was identified as having a larger market cap than the smaller end of the S&P 500, for example FactSet Research Systems Inc. (Symbol: FDS), according to The Online Investor.
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Alcoa Corporation (Symbol: AA), the market cap is now $16.61B, versus FactSet Research Systems Inc. (Symbol: FDS) at $16.53B.
Below is a three month price history chart comparing the stock performance of AA vs. FDS (Note that we have found 6 splits in the AA split history):
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which indices will include the stock, and which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). And ETFs that directly follow an index like the S&P 500 will only own the underlying component of that index, selling companies that lose their status as an S&P 500 company, and buying companies when they are added to the index. So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at TheOnlineInvestor.com find value to putting together these looks at comparative market capitalization daily.
Examine the full AA market cap history vs. the full FDS market cap history.
At the closing bell, AA is down about 2.6%, while FDS is up about 1.4% on the day Tuesday.
The 20 Largest U.S. Companies By Market Capitalization »
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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Below is a three month price history chart comparing the stock performance of AA vs. FDS (Note that we have found 6 splits in the AA split history): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Alcoa Corporation (Symbol: AA) was identified as having a larger market cap than the smaller end of the S&P 500, for example FactSet Research Systems Inc. (Symbol: FDS), according to The Online Investor. In the case of Alcoa Corporation (Symbol: AA), the market cap is now $16.61B, versus FactSet Research Systems Inc. (Symbol: FDS) at $16.53B.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Alcoa Corporation (Symbol: AA) was identified as having a larger market cap than the smaller end of the S&P 500, for example FactSet Research Systems Inc. (Symbol: FDS), according to The Online Investor. In the case of Alcoa Corporation (Symbol: AA), the market cap is now $16.61B, versus FactSet Research Systems Inc. (Symbol: FDS) at $16.53B. Examine the full AA market cap history vs. the full FDS market cap history.
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In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Alcoa Corporation (Symbol: AA) was identified as having a larger market cap than the smaller end of the S&P 500, for example FactSet Research Systems Inc. (Symbol: FDS), according to The Online Investor. Below is a three month price history chart comparing the stock performance of AA vs. FDS (Note that we have found 6 splits in the AA split history): Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). In the case of Alcoa Corporation (Symbol: AA), the market cap is now $16.61B, versus FactSet Research Systems Inc. (Symbol: FDS) at $16.53B.
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In the case of Alcoa Corporation (Symbol: AA), the market cap is now $16.61B, versus FactSet Research Systems Inc. (Symbol: FDS) at $16.53B. At the closing bell, AA is down about 2.6%, while FDS is up about 1.4% on the day Tuesday. In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Alcoa Corporation (Symbol: AA) was identified as having a larger market cap than the smaller end of the S&P 500, for example FactSet Research Systems Inc. (Symbol: FDS), according to The Online Investor.
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831.0
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2022-03-29 00:00:00 UTC
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Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
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AA
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https://www.nasdaq.com/articles/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick-22
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nan
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nan
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Alcoa (AA)
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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Stock to Watch: Alcoa (AA) Alcoa (AA): Free Stock Analysis Report It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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Stock to Watch: Alcoa (AA) Alcoa (AA): Free Stock Analysis Report Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
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Stock to Watch: Alcoa (AA) Alcoa (AA): Free Stock Analysis Report Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
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Stock to Watch: Alcoa (AA) Alcoa (AA): Free Stock Analysis Report What are the Zacks Style Scores?
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832.0
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2022-03-28 00:00:00 UTC
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Alcoa (AA) Gains But Lags Market: What You Should Know
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AA
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https://www.nasdaq.com/articles/alcoa-aa-gains-but-lags-market%3A-what-you-should-know-2
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nan
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nan
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Alcoa (AA) closed at $92.46 in the latest trading session, marking a +0.54% move from the prior day. This move lagged the S&P 500's daily gain of 0.71%. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 0.14%.
Coming into today, shares of the bauxite, alumina and aluminum products company had gained 18.13% in the past month. In that same time, the Industrial Products sector gained 4.66%, while the S&P 500 gained 3.76%.
Alcoa will be looking to display strength as it nears its next earnings release. On that day, Alcoa is projected to report earnings of $2.92 per share, which would represent year-over-year growth of 269.62%. Meanwhile, our latest consensus estimate is calling for revenue of $3.49 billion, up 21.48% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.70 per share and revenue of $14.75 billion. These totals would mark changes of +85.94% and +21.37%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Alcoa. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 58.13% higher. Alcoa is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Alcoa currently has a Forward P/E ratio of 7.24. This represents a discount compared to its industry's average Forward P/E of 10.46.
The Metal Products - Distribution industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 7, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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Alcoa (AA) closed at $92.46 in the latest trading session, marking a +0.54% move from the prior day. Alcoa (AA): Free Stock Analysis Report Coming into today, shares of the bauxite, alumina and aluminum products company had gained 18.13% in the past month.
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Alcoa (AA): Free Stock Analysis Report Alcoa (AA) closed at $92.46 in the latest trading session, marking a +0.54% move from the prior day. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.70 per share and revenue of $14.75 billion.
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Alcoa (AA) closed at $92.46 in the latest trading session, marking a +0.54% move from the prior day. Alcoa (AA): Free Stock Analysis Report This group has a Zacks Industry Rank of 7, putting it in the top 3% of all 250+ industries.
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Alcoa (AA) closed at $92.46 in the latest trading session, marking a +0.54% move from the prior day. Alcoa (AA): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.70 per share and revenue of $14.75 billion.
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833.0
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2022-03-28 00:00:00 UTC
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Alcoa (AA) is an Incredible Growth Stock: 3 Reasons Why
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AA
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https://www.nasdaq.com/articles/alcoa-aa-is-an-incredible-growth-stock%3A-3-reasons-why-0
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nan
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nan
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Alcoa (AA) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this bauxite, alumina and aluminum products company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Alcoa is 6.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 85.9% this year, crushing the industry average, which calls for EPS growth of 47.4%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Alcoa is 347.7%, which is higher than many of its peers. In fact, the rate compares to the industry average of 63.5%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 31.9% over the past 3-5 years versus the industry average of 27.6%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Alcoa have been revising upward. The Zacks Consensus Estimate for the current year has surged 58.1% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Alcoa a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Alcoa well for outperformance, so growth investors may want to bet on it.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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 (AA) is one such stock that our proprietary system currently recommends. Alcoa (AA): Free Stock Analysis Report That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
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Alcoa (AA) is one such stock that our proprietary system currently recommends. Alcoa (AA): Free Stock Analysis Report However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
|
Alcoa (AA) is one such stock that our proprietary system currently recommends. Alcoa (AA): Free Stock Analysis Report However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
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Alcoa (AA) is one such stock that our proprietary system currently recommends. Alcoa (AA): Free Stock Analysis Report The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
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834.0
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2022-03-24 00:00:00 UTC
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Interesting AA Put And Call Options For May 6th
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AA
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https://www.nasdaq.com/articles/interesting-aa-put-and-call-options-for-may-6th
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nan
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nan
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Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the May 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new May 6th contracts and identified one put and one call contract of particular interest.
The put contract at the $92.00 strike price has a current bid of $7.85. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $92.00, but will also collect the premium, putting the cost basis of the shares at $84.15 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $93.12/share today.
Because the $92.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 56%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 8.53% return on the cash commitment, or 72.43% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $92.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $94.00 strike price has a current bid of $7.90. If an investor was to purchase shares of AA stock at the current price level of $93.12/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $94.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.43% if the stock gets called away at the May 6th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $94.00 strike highlighted in red:
Considering the fact that the $94.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 48%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.48% boost of extra return to the investor, or 72.01% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 71%, while the implied volatility in the call contract example is 70%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $93.12) to be 60%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $94.00 strike highlighted in red: Considering the fact that the $94.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the May 6th expiration.
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Below is a chart showing AA's trailing twelve month trading history, with the $94.00 strike highlighted in red: Considering the fact that the $94.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the May 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new May 6th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AA's trailing twelve month trading history, with the $94.00 strike highlighted in red: Considering the fact that the $94.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the May 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new May 6th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new May 6th contracts and identified one put and one call contract of particular interest. Below is a chart showing AA's trailing twelve month trading history, with the $94.00 strike highlighted in red: Considering the fact that the $94.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the May 6th expiration.
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835.0
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2022-03-24 00:00:00 UTC
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Why Is Alcoa Stock Attracting Investor Optimism?
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AA
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https://www.nasdaq.com/articles/why-is-alcoa-stock-attracting-investor-optimism
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nan
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nan
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The shares of Alcoa (NYSE: AA) continued an upward trajectory as commodity prices surged due to the Russia-Ukraine war and skyrocketing inflation. Alcoa is a global industry leader in bauxite, alumina, and aluminum products with operations across nine countries. As the WHO actively explores the criteria to end the pandemic, macroeconomic growth is expected to continue in 2022 despite the ripple effects of war in Europe. Thus, Alcoa’s revenues are expected to remain strong for the year assisted by growing demand and strength in commodity prices. Trefis highlights the historical trends in Alcoa’s revenues across key operating segments in an interactive dashboard analysis.
How did Alcoa perform in 2021?
In 2021, Alcoa reported a 30% (y-o-y) growth in total revenues assisted by rising prices of alumina and aluminum from pent-up demand and uncertainties surrounding the Russia-Ukraine war. The company’s Bauxite, Alumina, and Aluminum segments account for 2%, 26%, and 72% of total sales, respectively. Geographically, the U.S., Netherlands, Australia, Spain, Brazil, and Other regions account for 43%, 22%, 17%, 12%, 5%, and 1% of total sales, respectively. However, around 65% of the company’s long-lived assets including plant and machinery are located in Australia, Brazil, and Iceland. With $920 million of cash from operations and $565 million of net proceeds from investment activities, the company repaid $800 million of long-term debt and distributed dividends for the first time since its inception in 2016. Per recent filings, the company expects the transportation, construction, and packaging industries to be key demand hubs for aluminum in the coming years. Thus, there is a strong likelihood of demand exceeding supply and assisting cash generation capabilities of Alcoa in the coming years.
Stock Has Outperformed Broader Markets
AA stock declined from levels of around $17 in February 2020 (pre-crisis peak) to levels of around $6 in March 2020 (as the markets bottomed out), implying AA stock lost 66% from its approximate pre-crisis peak. It observed a strong rally post broader market sell-off and has reached the highs of $82 at present. In comparison, the S&P 500 Index first fell 34% as lockdowns were imposed in many countries and since almost doubled in value.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Returns Mar 2022
MTD [1] 2022
YTD [1] 2017-22
Total [2]
AA Return 9% 38% 194%
S&P 500 Return 2% -6% 99%
Trefis MS Portfolio Return 2% -8% 262%
[1] Month-to-date and year-to-date as of 3/21/2022
[2] Cumulative total returns since the end of 2016
Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates
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 shares of Alcoa (NYSE: AA) continued an upward trajectory as commodity prices surged due to the Russia-Ukraine war and skyrocketing inflation. Stock Has Outperformed Broader Markets AA stock declined from levels of around $17 in February 2020 (pre-crisis peak) to levels of around $6 in March 2020 (as the markets bottomed out), implying AA stock lost 66% from its approximate pre-crisis peak. Total [2] AA Return 9% 38% 194% S&P 500 Return 2% -6% 99% Trefis MS Portfolio Return 2% -8% 262% [1] Month-to-date and year-to-date as of 3/21/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates 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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Total [2] AA Return 9% 38% 194% S&P 500 Return 2% -6% 99% Trefis MS Portfolio Return 2% -8% 262% [1] Month-to-date and year-to-date as of 3/21/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The shares of Alcoa (NYSE: AA) continued an upward trajectory as commodity prices surged due to the Russia-Ukraine war and skyrocketing inflation. Stock Has Outperformed Broader Markets AA stock declined from levels of around $17 in February 2020 (pre-crisis peak) to levels of around $6 in March 2020 (as the markets bottomed out), implying AA stock lost 66% from its approximate pre-crisis peak.
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Stock Has Outperformed Broader Markets AA stock declined from levels of around $17 in February 2020 (pre-crisis peak) to levels of around $6 in March 2020 (as the markets bottomed out), implying AA stock lost 66% from its approximate pre-crisis peak. Total [2] AA Return 9% 38% 194% S&P 500 Return 2% -6% 99% Trefis MS Portfolio Return 2% -8% 262% [1] Month-to-date and year-to-date as of 3/21/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The shares of Alcoa (NYSE: AA) continued an upward trajectory as commodity prices surged due to the Russia-Ukraine war and skyrocketing inflation.
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Total [2] AA Return 9% 38% 194% S&P 500 Return 2% -6% 99% Trefis MS Portfolio Return 2% -8% 262% [1] Month-to-date and year-to-date as of 3/21/2022 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market-Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The shares of Alcoa (NYSE: AA) continued an upward trajectory as commodity prices surged due to the Russia-Ukraine war and skyrocketing inflation. Stock Has Outperformed Broader Markets AA stock declined from levels of around $17 in February 2020 (pre-crisis peak) to levels of around $6 in March 2020 (as the markets bottomed out), implying AA stock lost 66% from its approximate pre-crisis peak.
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836.0
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2022-03-24 00:00:00 UTC
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Alcoa (AA) Soars to 52-Week High, Time to Cash Out?
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AA
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https://www.nasdaq.com/articles/alcoa-aa-soars-to-52-week-high-time-to-cash-out
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nan
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nan
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Have you been paying attention to shares of Alcoa (AA)? Shares have been on the move with the stock up 25.1% over the past month. The stock hit a new 52-week high of $95.79 in the previous session. Alcoa has gained 58.1% since the start of the year compared to the -6.5% move for the Zacks Industrial Products sector and the 27.2% return for the Zacks Metal Products - Distribution industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 19, 2022, Alcoa reported EPS of $2.5 versus consensus estimate of $2.04 while it beat the consensus revenue estimate by 1.41%.
For the current fiscal year, Alcoa is expected to post earnings of $11.77 per share on $14.2 billion in revenues. This represents a 72.33% change in EPS on a 16.86% change in revenues. For the next fiscal year, the company is expected to earn $9.15 per share on $13.56 billion in revenues. This represents a year-over-year change of -22.19% and -4.54%, respectively.
Valuation Metrics
Alcoa may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Alcoa has a Value Score of C. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 8X current fiscal year EPS estimates, which is not in-line with the peer industry average of 10.4X. On a trailing cash flow basis, the stock currently trades at 9X versus its peer group's average of 7.7X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Alcoa currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Alcoa passes the test. Thus, it seems as though Alcoa shares could still be poised for more gains ahead.
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Alcoa (AA): 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.
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Have you been paying attention to shares of Alcoa (AA)? Alcoa (AA): Free Stock Analysis Report For the current fiscal year, Alcoa is expected to post earnings of $11.77 per share on $14.2 billion in revenues.
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Have you been paying attention to shares of Alcoa (AA)? Alcoa (AA): Free Stock Analysis Report In terms of its value breakdown, the stock currently trades at 8X current fiscal year EPS estimates, which is not in-line with the peer industry average of 10.4X.
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Have you been paying attention to shares of Alcoa (AA)? Alcoa (AA): Free Stock Analysis Report On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security).
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Have you been paying attention to shares of Alcoa (AA)? Alcoa (AA): Free Stock Analysis Report In its last earnings report on January 19, 2022, Alcoa reported EPS of $2.5 versus consensus estimate of $2.04 while it beat the consensus revenue estimate by 1.41%.
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837.0
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2022-03-22 00:00:00 UTC
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XME, BTU, ARCH, AA: Large Inflows Detected at ETF
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AA
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https://www.nasdaq.com/articles/xme-btu-arch-aa%3A-large-inflows-detected-at-etf
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $362.4 million dollar inflow -- that's a 10.2% increase week over week in outstanding units (from 58,150,000 to 64,100,000). Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 0.7%, Arch Resources Inc (Symbol: ARCH) is down about 2.5%, and Alcoa Corporation (Symbol: AA) is lower by about 0.4%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average:
Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $61.69 as the 52 week high point — that compares with a last trade of $60.52. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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 largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 0.7%, Arch Resources Inc (Symbol: ARCH) is down about 2.5%, and Alcoa Corporation (Symbol: AA) is lower by about 0.4%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $61.69 as the 52 week high point — that compares with a last trade of $60.52. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 0.7%, Arch Resources Inc (Symbol: ARCH) is down about 2.5%, and Alcoa Corporation (Symbol: AA) is lower by about 0.4%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $61.69 as the 52 week high point — that compares with a last trade of $60.52. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 0.7%, Arch Resources Inc (Symbol: ARCH) is down about 2.5%, and Alcoa Corporation (Symbol: AA) is lower by about 0.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $362.4 million dollar inflow -- that's a 10.2% increase week over week in outstanding units (from 58,150,000 to 64,100,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $61.69 as the 52 week high point — that compares with a last trade of $60.52.
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 0.7%, Arch Resources Inc (Symbol: ARCH) is down about 2.5%, and Alcoa Corporation (Symbol: AA) is lower by about 0.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $362.4 million dollar inflow -- that's a 10.2% increase week over week in outstanding units (from 58,150,000 to 64,100,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $61.69 as the 52 week high point — that compares with a last trade of $60.52.
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838.0
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2022-03-22 00:00:00 UTC
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Best Momentum Stocks to Buy for March 22nd
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AA
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https://www.nasdaq.com/articles/best-momentum-stocks-to-buy-for-march-22nd
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nan
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nan
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 22nd:
EPR Properties EPR: This company which is specialty real estate investment trust invests in three primary segments: Entertainment, Recreation and Education, has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
EPR Properties Price and Consensus
EPR Properties price-consensus-chart | EPR Properties Quote
EPR Properties’s shares gained 11.9% over the last three month compared with the S&P 500’s decline of 5.2%. The company possesses a Momentum Score of A
EPR Properties Price
EPR Properties price | EPR Properties Quote
Nielsen NLSN: This company which is a leading global information and audience measurement company that offers information and analysis about consumers and consumer behavior to organizations., has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
Nielsen Holdings Plc Price and Consensus
Nielsen Holdings Plc price-consensus-chart | Nielsen Holdings Plc Quote
Nielsen's shares gained 10.3% over the last three month compared with the S&P 500’s decline of 5.2%. The company possesses a Momentum Score of A.
Nielsen Holdings Plc Price
Nielsen Holdings Plc price | Nielsen Holdings Plc Quote
Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen Zacks Consensus Estimate for its current year earnings increasing 74.1% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Alcoa’s shares gained 52.9% over the last three month compared with the S&P 500’s decline of 5.2%. The company possesses a Momentum Score of B.
Alcoa Price
Alcoa price | Alcoa Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Nielsen Holdings Plc (NLSN): Free Stock Analysis Report
EPR Properties (EPR): 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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The company possesses a Momentum Score of A. Nielsen Holdings Plc Price Nielsen Holdings Plc price | Nielsen Holdings Plc Quote Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen Zacks Consensus Estimate for its current year earnings increasing 74.1% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 22nd: EPR Properties EPR: This company which is specialty real estate investment trust invests in three primary segments: Entertainment, Recreation and Education, has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
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The company possesses a Momentum Score of A. Nielsen Holdings Plc Price Nielsen Holdings Plc price | Nielsen Holdings Plc Quote Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen Zacks Consensus Estimate for its current year earnings increasing 74.1% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of A EPR Properties Price EPR Properties price | EPR Properties Quote Nielsen NLSN: This company which is a leading global information and audience measurement company that offers information and analysis about consumers and consumer behavior to organizations., has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
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The company possesses a Momentum Score of A. Nielsen Holdings Plc Price Nielsen Holdings Plc price | Nielsen Holdings Plc Quote Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen Zacks Consensus Estimate for its current year earnings increasing 74.1% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 22nd: EPR Properties EPR: This company which is specialty real estate investment trust invests in three primary segments: Entertainment, Recreation and Education, has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
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The company possesses a Momentum Score of A. Nielsen Holdings Plc Price Nielsen Holdings Plc price | Nielsen Holdings Plc Quote Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen Zacks Consensus Estimate for its current year earnings increasing 74.1% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 22nd: EPR Properties EPR: This company which is specialty real estate investment trust invests in three primary segments: Entertainment, Recreation and Education, has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.
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839.0
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2022-03-22 00:00:00 UTC
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Reliance Steel (RS) Hits Fresh High: Is There Still Room to Run?
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AA
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https://www.nasdaq.com/articles/reliance-steel-rs-hits-fresh-high%3A-is-there-still-room-to-run
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nan
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nan
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Have you been paying attention to shares of Reliance Steel (RS)? Shares have been on the move with the stock up 11.3% over the past month. The stock hit a new 52-week high of $198.44 in the previous session. Reliance Steel has gained 20% since the start of the year compared to the -5.9% move for the Zacks Industrial Products sector and the 25.2% return for the Zacks Metal Products - Distribution industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on February 17, 2022, Reliance Steel reported EPS of $6.83 versus consensus estimate of $5.17 while it beat the consensus revenue estimate by 2.95%.
For the current fiscal year, Reliance Steel is expected to post earnings of $16.96 per share on $13.39 billion in revenues. This represents a -23.33% change in EPS on a -4.99% change in revenues. For the next fiscal year, the company is expected to earn $12.78 per share on $12.18 billion in revenues. This represents a year-over-year change of -24.66% and -9.01%, respectively.
Valuation Metrics
Reliance Steel may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Reliance Steel has a Value Score of C. The stock's Growth and Momentum Scores are C and A, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 11.5X current fiscal year EPS estimates, which is a premium to the peer industry average of 10.6X. On a trailing cash flow basis, the stock currently trades at 7.4X versus its peer group's average of 7.6X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Reliance Steel currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Reliance Steel meets the list of requirements. Thus, it seems as though Reliance Steel shares could still be poised for more gains ahead.
How Does RS Stack Up to the Competition?
Shares of RS have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Alcoa (AA). AA has a Zacks Rank of # 1 (Strong Buy) and a Value Score of C, a Growth Score of B, and a Momentum Score of B.
Earnings were strong last quarter. Alcoa beat our consensus estimate by 22.55%, and for the current fiscal year, AA is expected to post earnings of $11.77 per share on revenue of $14.2 billion.
Shares of Alcoa have gained 16% over the past month, and currently trade at a forward P/E of 7.71X and a P/CF of 8.65X.
The Metal Products - Distribution industry is in the top 8% of all the industries we have in our universe, so it looks like there are some nice tailwinds for RS and AA, even beyond their own solid fundamental situation.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Reliance Steel & Aluminum Co. (RS): Free Stock Analysis Report
Alcoa (AA): 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 beat our consensus estimate by 22.55%, and for the current fiscal year, AA is expected to post earnings of $11.77 per share on revenue of $14.2 billion. One industry peer that looks good is Alcoa (AA). AA has a Zacks Rank of # 1 (Strong Buy) and a Value Score of C, a Growth Score of B, and a Momentum Score of B.
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One industry peer that looks good is Alcoa (AA). AA has a Zacks Rank of # 1 (Strong Buy) and a Value Score of C, a Growth Score of B, and a Momentum Score of B. Alcoa beat our consensus estimate by 22.55%, and for the current fiscal year, AA is expected to post earnings of $11.77 per share on revenue of $14.2 billion.
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One industry peer that looks good is Alcoa (AA). AA has a Zacks Rank of # 1 (Strong Buy) and a Value Score of C, a Growth Score of B, and a Momentum Score of B. Alcoa beat our consensus estimate by 22.55%, and for the current fiscal year, AA is expected to post earnings of $11.77 per share on revenue of $14.2 billion.
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One industry peer that looks good is Alcoa (AA). AA has a Zacks Rank of # 1 (Strong Buy) and a Value Score of C, a Growth Score of B, and a Momentum Score of B. Alcoa beat our consensus estimate by 22.55%, and for the current fiscal year, AA is expected to post earnings of $11.77 per share on revenue of $14.2 billion.
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840.0
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2022-03-22 00:00:00 UTC
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New Strong Buy Stocks for March 22nd
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AA
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-march-22nd
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nan
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nan
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen the Zacks Consensus Estimate for its current year earnings increasing almost 81.6% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Houlihan Lokey HLI: This investment banking company which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services, has seen the Zacks Consensus Estimate for its current year earnings increasing 13.5% over the last 60 days.
Houlihan Lokey, Inc. Price and Consensus
Houlihan Lokey, Inc. price-consensus-chart | Houlihan Lokey, Inc. Quote
Rush Enterprises RUSHA: This company which operates the largest network of Peterbilt heavy-duty truck dealerships in North America and John Deere construction equipment dealerships in Texas and Michigan, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.
Rush Enterprises, Inc. Price and Consensus
Rush Enterprises, Inc. price-consensus-chart | Rush Enterprises, Inc. Quote
Columbia Sportswear COLM: This company which is engaged in the sourcing, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment in the United States and internationally, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.
Columbia Sportswear Company Price and Consensus
Columbia Sportswear Company price-consensus-chart | Columbia Sportswear Company Quote
Meridian Bioscience VIVO: This fully integrated life science company that manufactures, markets and distributes a broad range of innovative biopharmaceutical and healthcare products, has seen the Zacks Consensus Estimate for its current year earnings increasing 17.3% over the last 60 days.
Meridian Bioscience Inc. Price and Consensus
Meridian Bioscience Inc. price-consensus-chart | Meridian Bioscience Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Meridian Bioscience Inc. (VIVO): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
Columbia Sportswear Company (COLM): Free Stock Analysis Report
Rush Enterprises, Inc. (RUSHA): Free Stock Analysis Report
Houlihan Lokey, Inc. (HLI): 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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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen the Zacks Consensus Estimate for its current year earnings increasing almost 81.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Houlihan Lokey, Inc. Price and Consensus Houlihan Lokey, Inc. price-consensus-chart | Houlihan Lokey, Inc. Quote Rush Enterprises RUSHA: This company which operates the largest network of Peterbilt heavy-duty truck dealerships in North America and John Deere construction equipment dealerships in Texas and Michigan, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen the Zacks Consensus Estimate for its current year earnings increasing almost 81.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Houlihan Lokey, Inc. Price and Consensus Houlihan Lokey, Inc. price-consensus-chart | Houlihan Lokey, Inc. Quote Rush Enterprises RUSHA: This company which operates the largest network of Peterbilt heavy-duty truck dealerships in North America and John Deere construction equipment dealerships in Texas and Michigan, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen the Zacks Consensus Estimate for its current year earnings increasing almost 81.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Houlihan Lokey, Inc. Price and Consensus Houlihan Lokey, Inc. price-consensus-chart | Houlihan Lokey, Inc. Quote Rush Enterprises RUSHA: This company which operates the largest network of Peterbilt heavy-duty truck dealerships in North America and John Deere construction equipment dealerships in Texas and Michigan, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa AA: This company which is a global industry leader in bauxite, alumina and aluminum products, has seen the Zacks Consensus Estimate for its current year earnings increasing almost 81.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Columbia Sportswear Company Price and Consensus Columbia Sportswear Company price-consensus-chart | Columbia Sportswear Company Quote Meridian Bioscience VIVO: This fully integrated life science company that manufactures, markets and distributes a broad range of innovative biopharmaceutical and healthcare products, has seen the Zacks Consensus Estimate for its current year earnings increasing 17.3% over the last 60 days.
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841.0
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2022-03-22 00:00:00 UTC
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Alcoa (AA) Stock Sinks As Market Gains: What You Should Know
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AA
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https://www.nasdaq.com/articles/alcoa-aa-stock-sinks-as-market-gains%3A-what-you-should-know
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nan
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nan
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Alcoa (AA) closed at $89.88 in the latest trading session, marking a -0.89% move from the prior day. This change lagged the S&P 500's daily gain of 1.13%. At the same time, the Dow added 0.74%, and the tech-heavy Nasdaq gained 0.87%.
Prior to today's trading, shares of the bauxite, alumina and aluminum products company had gained 15.97% over the past month. This has outpaced the Industrial Products sector's gain of 3.9% and the S&P 500's gain of 2.65% in that time.
Wall Street will be looking for positivity from Alcoa as it approaches its next earnings report date. In that report, analysts expect Alcoa to post earnings of $2.84 per share. This would mark year-over-year growth of 259.49%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.49 billion, up 21.48% from the year-ago period.
AA's full-year Zacks Consensus Estimates are calling for earnings of $11.77 per share and revenue of $14.2 billion. These results would represent year-over-year changes of +72.33% and +16.86%, respectively.
Any recent changes to analyst estimates for Alcoa should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 46.55% higher. Alcoa is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Alcoa's current valuation metrics, including its Forward P/E ratio of 7.71. This valuation marks a discount compared to its industry's average Forward P/E of 10.62.
The Metal Products - Distribution industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 20, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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Alcoa (AA) closed at $89.88 in the latest trading session, marking a -0.89% move from the prior day. AA's full-year Zacks Consensus Estimates are calling for earnings of $11.77 per share and revenue of $14.2 billion. Alcoa (AA): Free Stock Analysis Report
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Alcoa (AA) closed at $89.88 in the latest trading session, marking a -0.89% move from the prior day. AA's full-year Zacks Consensus Estimates are calling for earnings of $11.77 per share and revenue of $14.2 billion. Alcoa (AA): Free Stock Analysis Report
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Alcoa (AA) closed at $89.88 in the latest trading session, marking a -0.89% move from the prior day. AA's full-year Zacks Consensus Estimates are calling for earnings of $11.77 per share and revenue of $14.2 billion. Alcoa (AA): Free Stock Analysis Report
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Alcoa (AA) closed at $89.88 in the latest trading session, marking a -0.89% move from the prior day. AA's full-year Zacks Consensus Estimates are calling for earnings of $11.77 per share and revenue of $14.2 billion. Alcoa (AA): Free Stock Analysis Report
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842.0
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2022-03-21 00:00:00 UTC
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Earnings Estimates Moving Higher for Alcoa (AA): Time to Buy?
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AA
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https://www.nasdaq.com/articles/earnings-estimates-moving-higher-for-alcoa-aa%3A-time-to-buy-0
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nan
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nan
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Alcoa (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.
The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this bauxite, alumina and aluminum products company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Alcoa, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate Revisions
For the current quarter, the company is expected to earn $2.84 per share, which is a change of +259.49% from the year-ago reported number.
Over the last 30 days, two estimates have moved higher for Alcoa compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 14.98%.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $11.77 per share represents a change of +72.33% from the year-ago number.
There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, three estimates have moved up for Alcoa versus no negative revisions. This has pushed the consensus estimate 46.55% higher.
Favorable Zacks Rank
Thanks to promising estimate revisions, Alcoa currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
While strong estimate revisions for Alcoa have attracted decent investments and pushed the stock 5.4% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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 (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. Alcoa (AA): Free Stock Analysis Report The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this bauxite, alumina and aluminum products company, should get reflected in its stock price.
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Alcoa (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. Alcoa (AA): Free Stock Analysis Report The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: 12 Month EPS Current-Quarter Estimate Revisions For the current quarter, the company is expected to earn $2.84 per share, which is a change of +259.49% from the year-ago reported number.
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Alcoa (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. Alcoa (AA): Free Stock Analysis Report The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
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Alcoa (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. Alcoa (AA): Free Stock Analysis Report For Alcoa, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
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843.0
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2022-03-21 00:00:00 UTC
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COLUMN-Australian alumina ban will squeeze Rusal and aluminium: Andy Home
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AA
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https://www.nasdaq.com/articles/column-australian-alumina-ban-will-squeeze-rusal-and-aluminium%3A-andy-home-0
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nan
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nan
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By Andy Home
LONDON, March 21 (Reuters) - Australia's decision to ban exports of alumina to Russia tightens further the raw materials squeeze on Russian aluminium giant Rusal 0486.HK.
The company's four million tonnes of smelter capacity each year processes eight million tonnes of alumina, which sits between bauxite and refined metal in the aluminium production chain.
Rusal's domestic alumina plants accounted for only 37% of its smelter needs last year. The balance was imported. The top two suppliers were Ukraine, where Russia's invasion has closed Rusal's Nikolaev refinery, and Australia.
The company said it is "currently evaluating" the loss of its number two raw material supplier but the market has already reacted to the potential resulting loss of Russian metal.
London Metal Exchange (LME) three-month aluminium CMAL3 jumped more than 5% at its opening to $3,554 per tonne on Monday morning and was last trading around $3,545.
RAW MATERIALS SQUEEZE
Rusal has so far escaped direct Western sanctions thanks to the deal that was done to lift U.S. sanctions in 2019. Rusal's oligarch owner Oleg Deripaska remained blacklisted but Rusal was excluded after he reduced his controlling stake in the EN+ holding company.
That may just have changed, though.
The Australian government's ban, expedited to stop a Russian-bound alumina shipment leaving this week, doesn't explicitly name Rusal but it is a de-facto sanction on the company that dominates Russian aluminium production.
The status of Rusal's 20% stake in the QAL refinery in Queensland is highly moot since it now can't export its offtake share and its partner Rio Tinto RIO.L is committed to disengaging from all Russian joint ventures.
Rio has already suspended a tolling arrangement with Rusal's Aughinish alumina refinery in Ireland, forcing the Russian producer to redirect bauxite shipments from its Guinea mines.
Such self-sanctioning limits Rusal's room for manoeuvre in terms of replacing lost Australian feed.
The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. All three have said they will reduce exposure to Russia or, in the case of Hydro, not enter into new contracts with Russian entities.
The biggest question mark of all hangs over the Irish refinery, Rusal's largest overseas alumina plant with production last year of 1.9 million tonnes.
Only a quarter of its output flowed to Russia in 2021, meaning there is plenty of potential to redirect shipments from Europe to Russia.
The Irish government is understandably keen to keep Aughinish operating but the European Union is already extending sanctions into the metals arena with a ban on Russian steel imports and will have no doubt noted Australia's upping of the sanctions ante.
With or without its Irish lifeline, however, Rusal is facing a raw materials squeeze.
China may be its answer but China has itself been importing significant amounts of alumina in recent years to keep up with demand.
Even assuming the political will to supply Rusal with alumina, the market incentive may not be there, given expectations of rising domestic alumina demand as Chinese smelters lift output after an easing of power controls.
ALUMINIUM SQUEEZE
The aluminium price's reaction to news of the Australian ban tells you how concerned it is about the potential loss of Russian metal production.
As the Australian Foreign Ministry helpfully pointed out in its statement, "aluminium is a global input across the auto, aerospace, packaging, machinery and construction sectors".
Which is a real problem if the West is losing access to Rusal's four million tonnes of annual production.
The aluminium supply chain was already creaking. Power-efficiency constraints have turned China, the world's largest producer, into a net importer of unwrought aluminium to feed its massive downstream products sector.
Production at Europe's power-hungry smelters has been falling due to high energy prices, a phenomenon that has only gotten worse since Russia launched on Feb. 24 what it calls a "special military operation" to disarm and "denazify" Ukraine.
Visible aluminium stocks have been sliding steadily for over a year to plug the supply-chain gaps. Total LME inventory stands at 704,850 tonnes, the lowest level since 2007.
The global aluminium market is tight, the Western European market particularly so, both because of the recent smelter cuts and its dependence on Russian supply.
Europe accounted for 41% of Rusal's sales last year and disruption to Russian shipments will only widen the region's existing supply deficit.
Moreover, Rusal is a critical supplier of "green" - low-carbon - aluminium from its hydro-powered Siberian smelters.
While global aluminium trade flows may eventually adjust in the wake of the Ukraine crisis, automakers keen to use only the greenest metal in their next-generation electric vehicles may find a far more challenging supply landscape.
TIGHTENING THE SANCTIONS SCREW
The complexity of Rusal's raw material supply web was exposed back in 2018 when U.S. sanctions set off a chain reaction that spanned Ireland, Guinea and Australia and ended with European car companies lobbying the European Commission to intercede with the United States.
Those U.S. sanctions were a bolt from the blue.
This time around the effect has so far been more incremental as supply, logistics and financing avenues dwindle due to self-sanctioning.
The Australian government's move to add alumina to the sanctions list marks a significant escalation in this process.
Critical for Rusal and aluminium market alike is whether other countries follow suit.
The opinions expressed here are those of the author, a columnist for Reuters.
Australia's ban on alumina exports to Russia tightens the raw materials screw on Rusalhttps://tmsnrt.rs/3ucqnHb
(Editing by Emelia Sithole-Matarise)
((andy.home@thomsonreuters.com, 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. The Australian government's ban, expedited to stop a Russian-bound alumina shipment leaving this week, doesn't explicitly name Rusal but it is a de-facto sanction on the company that dominates Russian aluminium production. The status of Rusal's 20% stake in the QAL refinery in Queensland is highly moot since it now can't export its offtake share and its partner Rio Tinto RIO.L is committed to disengaging from all Russian joint ventures.
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The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. By Andy Home LONDON, March 21 (Reuters) - Australia's decision to ban exports of alumina to Russia tightens further the raw materials squeeze on Russian aluminium giant Rusal 0486.HK. The company's four million tonnes of smelter capacity each year processes eight million tonnes of alumina, which sits between bauxite and refined metal in the aluminium production chain.
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The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. By Andy Home LONDON, March 21 (Reuters) - Australia's decision to ban exports of alumina to Russia tightens further the raw materials squeeze on Russian aluminium giant Rusal 0486.HK. The company's four million tonnes of smelter capacity each year processes eight million tonnes of alumina, which sits between bauxite and refined metal in the aluminium production chain.
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The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. London Metal Exchange (LME) three-month aluminium CMAL3 jumped more than 5% at its opening to $3,554 per tonne on Monday morning and was last trading around $3,545. The global aluminium market is tight, the Western European market particularly so, both because of the recent smelter cuts and its dependence on Russian supply.
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844.0
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2022-03-21 00:00:00 UTC
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COLUMN-Australian alumina ban will squeeze Rusal and aluminium: Andy Home
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AA
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https://www.nasdaq.com/articles/column-australian-alumina-ban-will-squeeze-rusal-and-aluminium%3A-andy-home
|
nan
|
nan
|
By Andy Home
LONDON, March 21 (Reuters) - Australia's decision to ban exports of alumina to Russia tightens further the raw materials squeeze on Russian aluminium giant Rusal 0486.HK.
The company's four million tonnes of smelter capacity each year processes eight million tonnes of alumina, which sits between bauxite and refined metal in the aluminium production chain.
Rusal's domestic alumina plants accounted for only 37% of its smelter needs last year. The balance was imported. The top two suppliers were Ukraine, where Russia's invasion has closed Rusal's Nikolaev refinery, and Australia.
The company said it is "currently evaluating" the loss of its number two raw material supplier but the market has already reacted to the potential resulting loss of Russian metal.
London Metal Exchange (LME) three-month aluminium CMAL3 jumped more than 5% at its opening to $3,554 per tonne on Monday morning and was last trading around $3,545.
RAW MATERIALS SQUEEZE
Rusal has so far escaped direct Western sanctions thanks to the deal that was done to lift U.S. sanctions in 2019. Rusal's oligarch owner Oleg Deripaska remained blacklisted but Rusal was excluded after he reduced his controlling stake in the EN+ holding company.
That may just have changed, though.
The Australian government's ban, expedited to stop a Russian-bound alumina shipment leaving this week, doesn't explicitly name Rusal but it is a de-facto sanction on the company that dominates Russian aluminium production.
The status of Rusal's 20% stake in the QAL refinery in Queensland is highly moot since it now can't export its offtake share and its partner Rio Tinto RIO.L is committed to disengaging from all Russian joint ventures.
Rio has already suspended a tolling arrangement with Rusal's Aughinish alumina refinery in Ireland, forcing the Russian producer to redirect bauxite shipments from its Guinea mines.
Such self-sanctioning limits Rusal's room for manoeuvre in terms of replacing lost Australian feed.
The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. All three have said they will reduce exposure to Russia or, in the case of Hydro, not enter into new contracts with Russian entities.
The biggest question mark of all hangs over the Irish refinery, Rusal's largest overseas alumina plant with production last year of 1.9 million tonnes.
Only a quarter of its output flowed to Russia in 2021, meaning there is plenty of potential to redirect shipments from Europe to Russia.
The Irish government is understandably keen to keep Aughinish operating but the European Union is already extending sanctions into the metals arena with a ban on Russian steel imports and will have no doubt noted Australia's upping of the sanctions ante.
With or without its Irish lifeline, however, Rusal is facing a raw materials squeeze.
China may be its answer but China has itself been importing significant amounts of alumina in recent years to keep up with demand.
Even assuming the political will to supply Rusal with alumina, the market incentive may not be there, given expectations of rising domestic alumina demand as Chinese smelters lift output after an easing of power controls.
ALUMINIUM SQUEEZE
The aluminium price's reaction to news of the Australian ban tells you how concerned it is about the potential loss of Russian metal production.
As the Australian Foreign Ministry helpfully pointed out in its statement, "aluminium is a global input across the auto, aerospace, packaging, machinery and construction sectors".
Which is a real problem if the West is losing access to Rusal's four million tonnes of annual production.
The aluminium supply chain was already creaking. Power-efficiency constraints have turned China, the world's largest producer, into a net importer of unwrought aluminium to feed its massive downstream products sector.
Production at Europe's power-hungry smelters has been falling due to high energy prices, a phenomenon that has only gotten worse since Russia launched on Feb. 24 what it calls a "special military operation" to disarm and "denazify" Ukraine.
Visible aluminium stocks have been sliding steadily for over a year to plug the supply-chain gaps. Total LME inventory stands at 704,850 tonnes, the lowest level since 2007.
The global aluminium market is tight, the Western European market particularly so, both because of the recent smelter cuts and its dependence on Russian supply.
Europe accounted for 41% of Rusal's sales last year and disruption to Russian shipments will only widen the region's existing supply deficit.
Moreover, Rusal is a critical supplier of "green" - low-carbon - aluminium from its hydro-powered Siberian smelters.
While global aluminium trade flows may eventually adjust in the wake of the Ukraine crisis, automakers keen to use only the greenest metal in their next-generation electric vehicles may find a far more challenging supply landscape.
TIGHTENING THE SANCTIONS SCREW
The complexity of Rusal's raw material supply web was exposed back in 2018 when U.S. sanctions set off a chain reaction that spanned Ireland, Guinea and Australia and ended with European car companies lobbying the European Commission to intercede with the United States.
Those U.S. sanctions were a bolt from the blue.
This time around the effect has so far been more incremental as supply, logistics and financing avenues dwindle due to self-sanctioning.
The Australian government's move to add alumina to the sanctions list marks a significant escalation in this process.
Critical for Rusal and aluminium market alike is whether other countries follow suit.
The opinions expressed here are those of the author, a columnist for Reuters.
Australia's ban on alumina exports to Russia tightens the raw materials screw on Rusalhttps://tmsnrt.rs/3ucqnHb
(Editing by Emelia Sithole-Matarise)
((andy.home@thomsonreuters.com, 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. The Australian government's ban, expedited to stop a Russian-bound alumina shipment leaving this week, doesn't explicitly name Rusal but it is a de-facto sanction on the company that dominates Russian aluminium production. The status of Rusal's 20% stake in the QAL refinery in Queensland is highly moot since it now can't export its offtake share and its partner Rio Tinto RIO.L is committed to disengaging from all Russian joint ventures.
|
The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. By Andy Home LONDON, March 21 (Reuters) - Australia's decision to ban exports of alumina to Russia tightens further the raw materials squeeze on Russian aluminium giant Rusal 0486.HK. The company's four million tonnes of smelter capacity each year processes eight million tonnes of alumina, which sits between bauxite and refined metal in the aluminium production chain.
|
The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. By Andy Home LONDON, March 21 (Reuters) - Australia's decision to ban exports of alumina to Russia tightens further the raw materials squeeze on Russian aluminium giant Rusal 0486.HK. The company's four million tonnes of smelter capacity each year processes eight million tonnes of alumina, which sits between bauxite and refined metal in the aluminium production chain.
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The sea-borne alumina market is dominated by Rio Tinto, U.S. producer Alcoa AA.N and Norway's Hydro NHY.OL. London Metal Exchange (LME) three-month aluminium CMAL3 jumped more than 5% at its opening to $3,554 per tonne on Monday morning and was last trading around $3,545. The global aluminium market is tight, the Western European market particularly so, both because of the recent smelter cuts and its dependence on Russian supply.
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845.0
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2022-03-21 00:00:00 UTC
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Why Alcoa Stock Soared 10% on Monday
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AA
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https://www.nasdaq.com/articles/why-alcoa-stock-soared-10-on-monday
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nan
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nan
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What happened
Shares of aluminum company Alcoa (NYSE: AA) couldn't wait to go higher on Monday, rising 10.8% through 12:30 p.m. EDT after analysts at Argus raised their price target on the metals giant.
Some good news (for Alcoa) out of Australia is also helping to keep today's rally going.
Image source: Getty Images.
So what
Let's begin with the price target news. This morning, Argus raised its estimate of Alcoa's value to $95 a share (versus the $90 and change the stock currently costs), reports StreetInsider.com.
Already bullish on Alcoa with a "buy" rating, today Argus argued that Alcoa is "a well-run company with a strong track record" and is worth even more than it previously thought possible. Argus cited "the company's improving balance sheet, rising aluminium prices, and recent developments in the Chinese and Russian markets" as reasons for its optimism.
Which "developments," specifically? Well, as NPR just reported, the nation of Australia banned the export of alumina and aluminum ores to Russia last night. Russia uses these resources to manufacture aluminum. Indeed, it's the third largest producer of aluminum in the world after China and India.
Now what
NPR reports that Australia instituted its ban with the specific intent to "curtail Russia's ability to produce aluminum," which it points out "is a critical input into weaponry, including guns, ammunition and missiles." Without Australia's raw materials, however, Russia will lose 20% of its annual alumina imports, curbing the country's ability to produce aluminum. (And cutting global aluminum production by as much as 720 million tons, if I'm doing my math correctly.)
Now granted, it's an open question what effect this will have on global aluminum markets, given that Russia has already been hit by significant sanctions that curb its ability to export aluminum at all. But there should still be some effect from these new sanctions, and it should work to the benefit of companies like Alcoa that still are able to produce and sell aluminum internationally.
To that extent, investors' decision to bid up Alcoa stock today makes sense.
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*Stock Advisor returns as of March 3, 2022
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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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What happened Shares of aluminum company Alcoa (NYSE: AA) couldn't wait to go higher on Monday, rising 10.8% through 12:30 p.m. EDT after analysts at Argus raised their price target on the metals giant. Argus cited "the company's improving balance sheet, rising aluminium prices, and recent developments in the Chinese and Russian markets" as reasons for its optimism. Now what NPR reports that Australia instituted its ban with the specific intent to "curtail Russia's ability to produce aluminum," which it points out "is a critical input into weaponry, including guns, ammunition and missiles."
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What happened Shares of aluminum company Alcoa (NYSE: AA) couldn't wait to go higher on Monday, rising 10.8% through 12:30 p.m. EDT after analysts at Argus raised their price target on the metals giant. Well, as NPR just reported, the nation of Australia banned the export of alumina and aluminum ores to Russia last night. Now what NPR reports that Australia instituted its ban with the specific intent to "curtail Russia's ability to produce aluminum," which it points out "is a critical input into weaponry, including guns, ammunition and missiles."
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What happened Shares of aluminum company Alcoa (NYSE: AA) couldn't wait to go higher on Monday, rising 10.8% through 12:30 p.m. EDT after analysts at Argus raised their price target on the metals giant. Now granted, it's an open question what effect this will have on global aluminum markets, given that Russia has already been hit by significant sanctions that curb its ability to export aluminum at all. See the 10 stocks *Stock Advisor returns as of March 3, 2022 Rich Smith has no position in any of the stocks mentioned.
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What happened Shares of aluminum company Alcoa (NYSE: AA) couldn't wait to go higher on Monday, rising 10.8% through 12:30 p.m. EDT after analysts at Argus raised their price target on the metals giant. Now granted, it's an open question what effect this will have on global aluminum markets, given that Russia has already been hit by significant sanctions that curb its ability to export aluminum at all. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Alcoa Corporation wasn't one of them!
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846.0
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2022-03-21 00:00:00 UTC
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Why Century Aluminum Stock Is on Fire Today
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AA
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https://www.nasdaq.com/articles/why-century-aluminum-stock-is-on-fire-today
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nan
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nan
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What happened
Century Aluminum (NASDAQ: CENX) stock shot up Monday morning and was trading up 10.1% as of 1:55 p.m. ET. Shares of a rival company just received a massive price target upgrade from an analyst, and some of the reasons behind it are applicable to Century Aluminum as well.
So what
On Monday morning, Argus analyst David Coleman raised his price target on Alcoa (NYSE: AA) from $68 a share to $95 per share, according to TheFly.com. Aside from Alcoa's broad footprint in the aluminum industry and its strengthening balance sheet, Coleman expects the recent developments in China and Russia, as well as rising aluminum prices, to work in the company's favor.
The thing is, rising aluminum prices should benefit Century Aluminum as well, given that it's among the world's largest producers of primary aluminum -- i.e., aluminum produced directly from mined ore.
In fact, there's a lot brewing in the global aluminum market right now.
Image source: Getty Images.
Demand for the metal is soaring as industries like electric vehicles and solar energy heat up. The aluminum industry, though, is staring at a supply crunch.
Also on Monday morning, the International Aluminium Institute (IAI) reported that global output of primary aluminum was 5.114 million tons in February, down about 2% year over year.
While the IAI's latest data reflects a fall in supply, another major development is what's really sending aluminum stocks higher.
At a press conference on Sunday, Australia's Prime Minister Scott Morrison expressed anger over Russia's invasion of Ukraine, and said it "must pay a very high price for its brutality." Accordingly, Australia will "impose high costs" on Russia. Among them, it is strengthening its sanctions, and banning all export of alumina and aluminum ores like bauxite to Russia -- effective immediately.
Those ores are essential to produce aluminum, and Australia is by far the world's top exporter of alumina. Russia, meanwhile, is the world's second-largest supplier of aluminum. Any drop in the production and supply of Russian aluminum, therefore, could further hit global supply and send prices of the metal even higher.
Now what
Aluminum prices hit record highs in early March and are expected to remain high in the wake of Australia's move to ban raw material exports to Russia. Higher aluminum prices are exactly what Century Aluminum needs to grow its top line right now, and investors are betting it will get them.
10 stocks we like better than Century Aluminum
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*Stock Advisor returns as of March 3, 2022
Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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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So what On Monday morning, Argus analyst David Coleman raised his price target on Alcoa (NYSE: AA) from $68 a share to $95 per share, according to TheFly.com. Shares of a rival company just received a massive price target upgrade from an analyst, and some of the reasons behind it are applicable to Century Aluminum as well. While the IAI's latest data reflects a fall in supply, another major development is what's really sending aluminum stocks higher.
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So what On Monday morning, Argus analyst David Coleman raised his price target on Alcoa (NYSE: AA) from $68 a share to $95 per share, according to TheFly.com. Aside from Alcoa's broad footprint in the aluminum industry and its strengthening balance sheet, Coleman expects the recent developments in China and Russia, as well as rising aluminum prices, to work in the company's favor. Any drop in the production and supply of Russian aluminum, therefore, could further hit global supply and send prices of the metal even higher.
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So what On Monday morning, Argus analyst David Coleman raised his price target on Alcoa (NYSE: AA) from $68 a share to $95 per share, according to TheFly.com. Aside from Alcoa's broad footprint in the aluminum industry and its strengthening balance sheet, Coleman expects the recent developments in China and Russia, as well as rising aluminum prices, to work in the company's favor. The thing is, rising aluminum prices should benefit Century Aluminum as well, given that it's among the world's largest producers of primary aluminum -- i.e., aluminum produced directly from mined ore.
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So what On Monday morning, Argus analyst David Coleman raised his price target on Alcoa (NYSE: AA) from $68 a share to $95 per share, according to TheFly.com. Those ores are essential to produce aluminum, and Australia is by far the world's top exporter of alumina. 10 stocks we like better than Century Aluminum When our award-winning analyst team has a stock tip, it can pay to listen.
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847.0
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2022-03-21 00:00:00 UTC
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Notable Monday Option Activity: AA, MOS, MEDP
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AA
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-aa-mos-medp
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 54,176 contracts have traded so far, representing approximately 5.4 million underlying shares. That amounts to about 55.8% of AA's average daily trading volume over the past month of 9.7 million shares. Particularly high volume was seen for the $95 strike call option expiring March 25, 2022, with 3,792 contracts trading so far today, representing approximately 379,200 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $95 strike highlighted in orange:
Mosaic Co (Symbol: MOS) saw options trading volume of 74,312 contracts, representing approximately 7.4 million underlying shares or approximately 55.1% of MOS's average daily trading volume over the past month, of 13.5 million shares. Particularly high volume was seen for the $70 strike call option expiring March 25, 2022, with 7,443 contracts trading so far today, representing approximately 744,300 underlying shares of MOS. Below is a chart showing MOS's trailing twelve month trading history, with the $70 strike highlighted in orange:
And Medpace Holdings Inc (Symbol: MEDP) options are showing a volume of 1,990 contracts thus far today. That number of contracts represents approximately 199,000 underlying shares, working out to a sizeable 53.9% of MEDP's average daily trading volume over the past month, of 369,185 shares. Particularly high volume was seen for the $165 strike call option expiring April 14, 2022, with 601 contracts trading so far today, representing approximately 60,100 underlying shares of MEDP. Below is a chart showing MEDP's trailing twelve month trading history, with the $165 strike highlighted in orange:
For the various different available expirations for AA options, MOS options, or MEDP options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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Particularly high volume was seen for the $95 strike call option expiring March 25, 2022, with 3,792 contracts trading so far today, representing approximately 379,200 underlying shares of AA. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 54,176 contracts have traded so far, representing approximately 5.4 million underlying shares. That amounts to about 55.8% of AA's average daily trading volume over the past month of 9.7 million shares.
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Particularly high volume was seen for the $95 strike call option expiring March 25, 2022, with 3,792 contracts trading so far today, representing approximately 379,200 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $95 strike highlighted in orange: Mosaic Co (Symbol: MOS) saw options trading volume of 74,312 contracts, representing approximately 7.4 million underlying shares or approximately 55.1% of MOS's average daily trading volume over the past month, of 13.5 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 54,176 contracts have traded so far, representing approximately 5.4 million underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 54,176 contracts have traded so far, representing approximately 5.4 million underlying shares. Particularly high volume was seen for the $95 strike call option expiring March 25, 2022, with 3,792 contracts trading so far today, representing approximately 379,200 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $95 strike highlighted in orange: Mosaic Co (Symbol: MOS) saw options trading volume of 74,312 contracts, representing approximately 7.4 million underlying shares or approximately 55.1% of MOS's average daily trading volume over the past month, of 13.5 million shares.
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Particularly high volume was seen for the $95 strike call option expiring March 25, 2022, with 3,792 contracts trading so far today, representing approximately 379,200 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $95 strike highlighted in orange: Mosaic Co (Symbol: MOS) saw options trading volume of 74,312 contracts, representing approximately 7.4 million underlying shares or approximately 55.1% of MOS's average daily trading volume over the past month, of 13.5 million shares. Below is a chart showing MEDP's trailing twelve month trading history, with the $165 strike highlighted in orange: For the various different available expirations for AA options, MOS options, or MEDP options, visit StockOptionsChannel.com.
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848.0
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2022-03-17 00:00:00 UTC
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Best Momentum Stocks to Buy for March 17th
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AA
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https://www.nasdaq.com/articles/best-momentum-stocks-to-buy-for-march-17th
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nan
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nan
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 17th:
Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Alcoa’ shares gained 40.8% over the last three months compared with the S&P 500’s decline of 5.9%. The company possesses a Momentum Score of A.
Alcoa Price
Alcoa price | Alcoa Quote
Farmers & Merchants Bancorp, Inc. FMAO: This holding company for The Farmers & Merchants Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.7% over the last 60 days.
Farmers & Merchants Bancorp Inc. Price and Consensus
Farmers & Merchants Bancorp Inc. price-consensus-chart | Farmers & Merchants Bancorp Inc. Quote
Farmers & Merchants’ shares gained 10.6% over the last three months compared with the S&P 500’s decline of 5.9%. The company possesses a Momentum Score of A.
Farmers & Merchants Bancorp Inc. Price
Farmers & Merchants Bancorp Inc. price | Farmers & Merchants Bancorp Inc. Quote
International Money Express, Inc. IMXI: This money remittance services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days.
INTERNATIONAL MONEY EXPRESS, INC. Price and Consensus
INTERNATIONAL MONEY EXPRESS, INC. price-consensus-chart | INTERNATIONAL MONEY EXPRESS, INC. Quote
International Money’s shares gained 28.6% over the last three months compared with the S&P 500’s decline of 5.9%. The company possesses a Momentum Score of B.
INTERNATIONAL MONEY EXPRESS, INC. Price
INTERNATIONAL MONEY EXPRESS, INC. price | INTERNATIONAL MONEY EXPRESS, INC. Quote
See the full list of top ranked stocks here.
Learn more about the Momentum score and how it is calculated here.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Farmers & Merchants Bancorp Inc. (FMAO): Free Stock Analysis Report
INTERNATIONAL MONEY EXPRESS, INC. (IMXI): 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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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 17th: Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Farmers & Merchants Bancorp Inc. Price Farmers & Merchants Bancorp Inc. price | Farmers & Merchants Bancorp Inc. Quote International Money Express, Inc. IMXI: This money remittance services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 17th: Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of A. Alcoa Price Alcoa price | Alcoa Quote Farmers & Merchants Bancorp, Inc. FMAO: This holding company for The Farmers & Merchants Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.7% over the last 60 days.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 17th: Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of A. Alcoa Price Alcoa price | Alcoa Quote Farmers & Merchants Bancorp, Inc. FMAO: This holding company for The Farmers & Merchants Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.7% over the last 60 days.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 17th: Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of A. Alcoa Price Alcoa price | Alcoa Quote Farmers & Merchants Bancorp, Inc. FMAO: This holding company for The Farmers & Merchants Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.7% over the last 60 days.
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849.0
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2022-03-17 00:00:00 UTC
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Best Value Stocks to Buy for March 17th
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AA
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https://www.nasdaq.com/articles/best-value-stocks-to-buy-for-march-17th
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nan
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nan
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Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 17th:
Peabody Energy Corporation BTU: This coal company carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 123.2% over the last 60 days.
Peabody Energy Corporation Price and Consensus
Peabody Energy Corporation price-consensus-chart | Peabody Energy Corporation Quote
Peabody has a price-to-earnings ratio (P/E) of 2.70, compared with 7.50 for the industry. The company possesses a Value Score of A.
Peabody Energy Corporation PE Ratio (TTM)
Peabody Energy Corporation pe-ratio-ttm | Peabody Energy Corporation Quote
Sonic Automotive, Inc. SAH: This automotive retailer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.
Sonic Automotive, Inc. Price and Consensus
Sonic Automotive, Inc. price-consensus-chart | Sonic Automotive, Inc. Quote
Sonic has a price-to-earnings ratio (P/E) of 4.61, compared with 6.40 for the industry. The company possesses a Value Score of A.
Sonic Automotive, Inc. PE Ratio (TTM)
Sonic Automotive, Inc. pe-ratio-ttm | Sonic Automotive, Inc. Quote
Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Alcoa has a price-to-earnings ratio (P/E) of 7.23, compared with 10.70 for the industry. The company possesses a Value Score of B.
Alcoa PE Ratio (TTM)
Alcoa pe-ratio-ttm | Alcoa Quote
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Peabody Energy Corporation (BTU): Free Stock Analysis Report
Sonic Automotive, Inc. (SAH): 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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The company possesses a Value Score of A. Sonic Automotive, Inc. PE Ratio (TTM) Sonic Automotive, Inc. pe-ratio-ttm | Sonic Automotive, Inc. Quote Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 17th: Peabody Energy Corporation BTU: This coal company carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 123.2% over the last 60 days.
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The company possesses a Value Score of A. Sonic Automotive, Inc. PE Ratio (TTM) Sonic Automotive, Inc. pe-ratio-ttm | Sonic Automotive, Inc. Quote Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Peabody Energy Corporation Price and Consensus Peabody Energy Corporation price-consensus-chart | Peabody Energy Corporation Quote Peabody has a price-to-earnings ratio (P/E) of 2.70, compared with 7.50 for the industry.
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The company possesses a Value Score of A. Sonic Automotive, Inc. PE Ratio (TTM) Sonic Automotive, Inc. pe-ratio-ttm | Sonic Automotive, Inc. Quote Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Peabody Energy Corporation Price and Consensus Peabody Energy Corporation price-consensus-chart | Peabody Energy Corporation Quote Peabody has a price-to-earnings ratio (P/E) of 2.70, compared with 7.50 for the industry.
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The company possesses a Value Score of A. Sonic Automotive, Inc. PE Ratio (TTM) Sonic Automotive, Inc. pe-ratio-ttm | Sonic Automotive, Inc. Quote Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Value Score of A. Peabody Energy Corporation PE Ratio (TTM) Peabody Energy Corporation pe-ratio-ttm | Peabody Energy Corporation Quote Sonic Automotive, Inc. SAH: This automotive retailer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.
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850.0
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2022-03-17 00:00:00 UTC
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New Strong Buy Stocks for March 17th
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AA
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-march-17th
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nan
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nan
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
ArcBest Corporation ARCB: This freight transportation company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days.
ArcBest Corporation Price and Consensus
ArcBest Corporation price-consensus-chart | ArcBest Corporation Quote
International Money Express, Inc. IMXI: This money remittance services company has seen the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days.
INTERNATIONAL MONEY EXPRESS, INC. Price and Consensus
INTERNATIONAL MONEY EXPRESS, INC. price-consensus-chart | INTERNATIONAL MONEY EXPRESS, INC. Quote
Sonic Automotive, Inc. SAH: This automotive retailer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.
Sonic Automotive, Inc. Price and Consensus
Sonic Automotive, Inc. price-consensus-chart | Sonic Automotive, Inc. Quote
BBQ Holdings, Inc. BBQ: This company which owns, operates and franchises restaurants has seen the Zacks Consensus Estimate for its current year earnings increasing 25.5% over the last 60 days.
BBQ Holdings, Inc. Price and Consensus
BBQ Holdings, Inc. price-consensus-chart | BBQ Holdings, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Sonic Automotive, Inc. (SAH): Free Stock Analysis Report
ArcBest Corporation (ARCB): Free Stock Analysis Report
INTERNATIONAL MONEY EXPRESS, INC. (IMXI): Free Stock Analysis Report
BBQ Holdings, Inc. (BBQ): 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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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report INTERNATIONAL MONEY EXPRESS, INC. Price and Consensus INTERNATIONAL MONEY EXPRESS, INC. price-consensus-chart | INTERNATIONAL MONEY EXPRESS, INC. Quote Sonic Automotive, Inc. SAH: This automotive retailer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Alcoa Price and Consensus Alcoa price-consensus-chart | Alcoa Quote ArcBest Corporation ARCB: This freight transportation company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.2% over the last 60 days.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report ArcBest Corporation Price and Consensus ArcBest Corporation price-consensus-chart | ArcBest Corporation Quote International Money Express, Inc. IMXI: This money remittance services company has seen the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa Corporation AA: This industry leader in bauxite, alumina and aluminum products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report BBQ Holdings, Inc. Price and Consensus BBQ Holdings, Inc. price-consensus-chart | BBQ Holdings, Inc. Quote You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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851.0
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2022-03-15 00:00:00 UTC
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Alcoa (AA) Gains But Lags Market: What You Should Know
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AA
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https://www.nasdaq.com/articles/alcoa-aa-gains-but-lags-market%3A-what-you-should-know-1
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nan
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nan
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Alcoa (AA) closed at $73.71 in the latest trading session, marking a +0.29% move from the prior day. The stock lagged the S&P 500's daily gain of 2.14%. Elsewhere, the Dow gained 1.82%, while the tech-heavy Nasdaq lost 0.01%.
Heading into today, shares of the bauxite, alumina and aluminum products company had lost 0.49% over the past month, outpacing the Industrial Products sector's loss of 2.26% and the S&P 500's loss of 5.01% in that time.
Alcoa will be looking to display strength as it nears its next earnings release. In that report, analysts expect Alcoa to post earnings of $2.75 per share. This would mark year-over-year growth of 248.1%. Meanwhile, our latest consensus estimate is calling for revenue of $3.49 billion, up 21.48% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.47 per share and revenue of $14.2 billion. These totals would mark changes of +53.29% and +16.86%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Alcoa. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 49.34% higher. Alcoa is currently a Zacks Rank #2 (Buy).
Investors should also note Alcoa's current valuation metrics, including its Forward P/E ratio of 7.02. This represents a discount compared to its industry's average Forward P/E of 10.34.
The Metal Products - Distribution industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 40, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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Alcoa (AA) closed at $73.71 in the latest trading session, marking a +0.29% move from the prior day. Alcoa (AA): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.47 per share and revenue of $14.2 billion.
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Alcoa (AA): Free Stock Analysis Report Alcoa (AA) closed at $73.71 in the latest trading session, marking a +0.29% move from the prior day. Heading into today, shares of the bauxite, alumina and aluminum products company had lost 0.49% over the past month, outpacing the Industrial Products sector's loss of 2.26% and the S&P 500's loss of 5.01% in that time.
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Alcoa (AA) closed at $73.71 in the latest trading session, marking a +0.29% move from the prior day. Alcoa (AA): Free Stock Analysis Report Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.47 per share and revenue of $14.2 billion.
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Alcoa (AA) closed at $73.71 in the latest trading session, marking a +0.29% move from the prior day. Alcoa (AA): Free Stock Analysis Report Alcoa is currently a Zacks Rank #2 (Buy).
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852.0
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2022-03-15 00:00:00 UTC
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Are These Industrial Products Stocks a Great Value Stocks Right Now?
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AA
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https://www.nasdaq.com/articles/are-these-industrial-products-stocks-a-great-value-stocks-right-now-1
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nan
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 8.91 right now. For comparison, its industry sports an average P/E of 10.18. AA's Forward P/E has been as high as 17.76 and as low as 6.33, with a median of 9.02, all within the past year.
Another valuation metric that we should highlight is AA's P/B ratio of 2.35. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.49. Over the past year, AA's P/B has been as high as 2.70 and as low as 1.02, with a median of 1.58.
Investors could also keep in mind Mitsui & Co. (MITSY), an Metal Products - Distribution stock with a Zacks Rank of # 1 (Strong Buy) and Value grade of A.
Over the past year, MITSY's P/E has been as high as 12.97, as low as 5.03, with a median of 6.72; its PEG ratio has been as high as 1.07, as low as 0.17, with a median of 0.21 during the same time period.
Furthermore, Mitsui & Co. holds a P/B ratio of 0.92 and its industry's price-to-book ratio is 2.49. MITSY's P/B has been as high as 0.95, as low as 0.76, with a median of 0.83 over the past 12 months.
These are just a handful of the figures considered in Alcoa and Mitsui & Co.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AA and MITSY is an impressive value stock right now.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Mitsui & Co. (MITSY): 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.
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One stock to keep an eye on is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. AA's Forward P/E has been as high as 17.76 and as low as 6.33, with a median of 9.02, all within the past year.
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Alcoa (AA): Free Stock Analysis Report One stock to keep an eye on is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.
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One stock to keep an eye on is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. AA's Forward P/E has been as high as 17.76 and as low as 6.33, with a median of 9.02, all within the past year.
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One stock to keep an eye on is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. AA's Forward P/E has been as high as 17.76 and as low as 6.33, with a median of 9.02, all within the past year.
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853.0
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2022-03-14 00:00:00 UTC
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AA September 16th Options Begin Trading
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AA
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https://www.nasdaq.com/articles/aa-september-16th-options-begin-trading
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nan
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nan
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Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 186 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new September 16th contracts and identified one put and one call contract of particular interest.
The put contract at the $70.00 strike price has a current bid of $10.65. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $70.00, but will also collect the premium, putting the cost basis of the shares at $59.35 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $74.85/share today.
Because the $70.00 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 65%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 15.21% return on the cash commitment, or 29.86% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $70.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $11.85. If an investor was to purchase shares of AA stock at the current price level of $74.85/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $80.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 22.71% if the stock gets called away at the September 16th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $80.00 strike highlighted in red:
Considering the fact that the $80.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 15.83% boost of extra return to the investor, or 31.07% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 73%, while the implied volatility in the call contract example is 69%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $74.85) to be 60%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 16th expiration.
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Below is a chart showing AA's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new September 16th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AA's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new September 16th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new September 16th contracts and identified one put and one call contract of particular interest. Below is a chart showing AA's trailing twelve month trading history, with the $80.00 strike highlighted in red: Considering the fact that the $80.00 strike represents an approximate 7% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 16th expiration.
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854.0
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2022-03-14 00:00:00 UTC
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Noteworthy ETF Inflows: XME, BTU, ARCH, AA
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AA
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https://www.nasdaq.com/articles/noteworthy-etf-inflows%3A-xme-btu-arch-aa
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $288.6 million dollar inflow -- that's a 9.3% increase week over week in outstanding units (from 53,200,000 to 58,150,000). Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 13.4%, Arch Resources Inc (Symbol: ARCH) is down about 9.8%, and Alcoa Corporation (Symbol: AA) is lower by about 3.8%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average:
Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $60.37 as the 52 week high point — that compares with a last trade of $56.39. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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 largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 13.4%, Arch Resources Inc (Symbol: ARCH) is down about 9.8%, and Alcoa Corporation (Symbol: AA) is lower by about 3.8%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $60.37 as the 52 week high point — that compares with a last trade of $56.39. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 13.4%, Arch Resources Inc (Symbol: ARCH) is down about 9.8%, and Alcoa Corporation (Symbol: AA) is lower by about 3.8%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $60.37 as the 52 week high point — that compares with a last trade of $56.39. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 13.4%, Arch Resources Inc (Symbol: ARCH) is down about 9.8%, and Alcoa Corporation (Symbol: AA) is lower by about 3.8%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $288.6 million dollar inflow -- that's a 9.3% increase week over week in outstanding units (from 53,200,000 to 58,150,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $60.37 as the 52 week high point — that compares with a last trade of $56.39.
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is down about 13.4%, Arch Resources Inc (Symbol: ARCH) is down about 9.8%, and Alcoa Corporation (Symbol: AA) is lower by about 3.8%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $288.6 million dollar inflow -- that's a 9.3% increase week over week in outstanding units (from 53,200,000 to 58,150,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $60.37 as the 52 week high point — that compares with a last trade of $56.39.
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855.0
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2022-03-11 00:00:00 UTC
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New Strong Buy Stocks for March 11th
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AA
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-march-11th
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days.
ABM Industries Incorporated Price and Consensus
ABM Industries Incorporated price-consensus-chart | ABM Industries Incorporated Quote
Avanos Medical, Inc. AVNS: This medical technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
AVANOS MEDICAL, INC. Price and Consensus
AVANOS MEDICAL, INC. price-consensus-chart | AVANOS MEDICAL, INC. Quote
AdvanSix Inc. ASIX: This manufacturer and seller of polymer resins has seen the Zacks Consensus Estimate for its current year earnings increasing 15.8% over the last 60 days.
AdvanSix Price and Consensus
AdvanSix price-consensus-chart | AdvanSix Quote
Alcoa Corporation AA: This producer and seller of bauxite, alumina and aluminium products has seen the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Euroseas Ltd. ESEA: This ocean-going transportation services company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.
Euroseas Ltd. Price and Consensus
Euroseas Ltd. price-consensus-chart | Euroseas Ltd. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
See Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
ABM Industries Incorporated (ABM): Free Stock Analysis Report
Euroseas Ltd. (ESEA): Free Stock Analysis Report
AdvanSix (ASIX): Free Stock Analysis Report
AVANOS MEDICAL, INC. (AVNS): 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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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa Corporation AA: This producer and seller of bauxite, alumina and aluminium products has seen the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days.
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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa Corporation AA: This producer and seller of bauxite, alumina and aluminium products has seen the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days.
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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa Corporation AA: This producer and seller of bauxite, alumina and aluminium products has seen the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days.
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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa Corporation AA: This producer and seller of bauxite, alumina and aluminium products has seen the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: ABM Industries Incorporated ABM: This integrated facility solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days.
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856.0
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2022-03-11 00:00:00 UTC
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Best Momentum Stocks to Buy for March 11th
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AA
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https://www.nasdaq.com/articles/best-momentum-stocks-to-buy-for-march-11th
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 11th:
Grindrod Shipping Holdings Ltd. GRIN: This company that operates dry bulk carriers and tankers worldwide has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days.
Grindrod Shipping Holdings Ltd. Price and Consensus
Grindrod Shipping Holdings Ltd. price-consensus-chart | Grindrod Shipping Holdings Ltd. Quote
Grindrod’s shares gained 52.8% over the last three months compared with the S&P 500’s decline of 8.6%. The company possesses a Momentum Score of A.
Grindrod Shipping Holdings Ltd. Price
Grindrod Shipping Holdings Ltd. price | Grindrod Shipping Holdings Ltd. Quote
Alcoa Corporation AA: This global industry leader in bauxite, alumina and aluminium products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Alcoa’s shares gained 73.6% over the last three months compared with the S&P 500’s decline of 8.6%. The company possesses a Momentum Score of A.
Alcoa Price
Alcoa price | Alcoa Quote
AdvanSix Inc. ASIX: This producer and seller of polymer resins has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.8% over the last 60 days.
AdvanSix Price and Consensus
AdvanSix price-consensus-chart | AdvanSix Quote
AdvanSix’s shares gained 8.1% over the last three months compared with the S&P 500’s decline of 8.6%. The company possesses a Momentum Score of A.
AdvanSix Price
AdvanSix price | AdvanSix Quote
See the full list of top ranked stocks here.
Learn more about the Momentum score and how it is calculated here.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
AdvanSix (ASIX): Free Stock Analysis Report
Grindrod Shipping Holdings Ltd. (GRIN): 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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The company possesses a Momentum Score of A. Grindrod Shipping Holdings Ltd. Price Grindrod Shipping Holdings Ltd. price | Grindrod Shipping Holdings Ltd. Quote Alcoa Corporation AA: This global industry leader in bauxite, alumina and aluminium products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 11th: Grindrod Shipping Holdings Ltd. GRIN: This company that operates dry bulk carriers and tankers worldwide has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days.
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The company possesses a Momentum Score of A. Grindrod Shipping Holdings Ltd. Price Grindrod Shipping Holdings Ltd. price | Grindrod Shipping Holdings Ltd. Quote Alcoa Corporation AA: This global industry leader in bauxite, alumina and aluminium products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Grindrod Shipping Holdings Ltd. Price and Consensus Grindrod Shipping Holdings Ltd. price-consensus-chart | Grindrod Shipping Holdings Ltd. Quote Grindrod’s shares gained 52.8% over the last three months compared with the S&P 500’s decline of 8.6%.
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The company possesses a Momentum Score of A. Grindrod Shipping Holdings Ltd. Price Grindrod Shipping Holdings Ltd. price | Grindrod Shipping Holdings Ltd. Quote Alcoa Corporation AA: This global industry leader in bauxite, alumina and aluminium products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Grindrod Shipping Holdings Ltd. Price and Consensus Grindrod Shipping Holdings Ltd. price-consensus-chart | Grindrod Shipping Holdings Ltd. Quote Grindrod’s shares gained 52.8% over the last three months compared with the S&P 500’s decline of 8.6%.
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The company possesses a Momentum Score of A. Grindrod Shipping Holdings Ltd. Price Grindrod Shipping Holdings Ltd. price | Grindrod Shipping Holdings Ltd. Quote Alcoa Corporation AA: This global industry leader in bauxite, alumina and aluminium products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 50.9% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of A. Alcoa Price Alcoa price | Alcoa Quote AdvanSix Inc. ASIX: This producer and seller of polymer resins has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.8% over the last 60 days.
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2022-03-11 00:00:00 UTC
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Is Alcoa (AA) a Solid Growth Stock? 3 Reasons to Think " Yes "
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AA
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https://www.nasdaq.com/articles/is-alcoa-aa-a-solid-growth-stock-3-reasons-to-think-yes
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nan
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends Alcoa (AA) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this bauxite, alumina and aluminum products company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Alcoa is 6.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 36.7% this year, crushing the industry average, which calls for EPS growth of 24%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Alcoa is 347.7%, which is higher than many of its peers. In fact, the rate compares to the industry average of 63.5%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 31.9% over the past 3-5 years versus the industry average of 27.6%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Alcoa have been revising upward. The Zacks Consensus Estimate for the current year has surged 33.2% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Alcoa a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Alcoa is a potential outperformer and a solid choice for growth investors.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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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Our proprietary system currently recommends Alcoa (AA) as one such stock. Alcoa (AA): Free Stock Analysis Report Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
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Our proprietary system currently recommends Alcoa (AA) as one such stock. Alcoa (AA): Free Stock Analysis Report However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
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Our proprietary system currently recommends Alcoa (AA) as one such stock. Alcoa (AA): Free Stock Analysis Report However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
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Our proprietary system currently recommends Alcoa (AA) as one such stock. Alcoa (AA): Free Stock Analysis Report The company's annualized cash flow growth rate has been 31.9% over the past 3-5 years versus the industry average of 27.6%.
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858.0
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2022-03-09 00:00:00 UTC
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New Strong Buy Stocks for March 9th
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-march-9th
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
AdvanSix ASIX: This producer and supplier of Nylon 6 materials has seen the Zacks Consensus Estimate for its current year earnings increasing 12.4% over the last 60 days.
AdvanSix Price and Consensus
AdvanSix price-consensus-chart | AdvanSix Quote
Albertsons Companies ACI: This company which is one of the largest food and drug retailers in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.
Albertsons Companies, Inc. Price and Consensus
Albertsons Companies, Inc. price-consensus-chart | Albertsons Companies, Inc. Quote
Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 58.4% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Gildan Activewear GIL: This manufacturer and marketer of premium quality branded basic activewear has seen the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.
Gildan Activewear, Inc. Price and Consensus
Gildan Activewear, Inc. price-consensus-chart | Gildan Activewear, Inc. Quote
Houlihan Lokey HLI: This investment bank has seen the Zacks Consensus Estimate for its current year earnings increasing 21.5% over the last 60 days.
Houlihan Lokey, Inc. Price and Consensus
Houlihan Lokey, Inc. price-consensus-chart | Houlihan Lokey, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Albertsons Companies, Inc. (ACI): Free Stock Analysis Report
Gildan Activewear, Inc. (GIL): Free Stock Analysis Report
Houlihan Lokey, Inc. (HLI): Free Stock Analysis Report
AdvanSix (ASIX): 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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Albertsons Companies, Inc. Price and Consensus Albertsons Companies, Inc. price-consensus-chart | Albertsons Companies, Inc. Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 58.4% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: AdvanSix ASIX: This producer and supplier of Nylon 6 materials has seen the Zacks Consensus Estimate for its current year earnings increasing 12.4% over the last 60 days.
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Albertsons Companies, Inc. Price and Consensus Albertsons Companies, Inc. price-consensus-chart | Albertsons Companies, Inc. Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 58.4% over the last 60 days. Alcoa (AA): Free Stock Analysis Report AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Albertsons Companies ACI: This company which is one of the largest food and drug retailers in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.
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Albertsons Companies, Inc. Price and Consensus Albertsons Companies, Inc. price-consensus-chart | Albertsons Companies, Inc. Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 58.4% over the last 60 days. Alcoa (AA): Free Stock Analysis Report AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Albertsons Companies ACI: This company which is one of the largest food and drug retailers in the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.
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Albertsons Companies, Inc. Price and Consensus Albertsons Companies, Inc. price-consensus-chart | Albertsons Companies, Inc. Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 58.4% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: AdvanSix ASIX: This producer and supplier of Nylon 6 materials has seen the Zacks Consensus Estimate for its current year earnings increasing 12.4% over the last 60 days.
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859.0
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2022-03-07 00:00:00 UTC
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Pre-Market Most Active for Mar 7, 2022 : BBBY, NINE, TQQQ, SQQQ, OXY, CTVA, QQQ, ING, CNR, BCEL, NIO, AAL
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https://www.nasdaq.com/articles/pre-market-most-active-for-mar-7-2022-%3A-bbby-nine-tqqq-sqqq-oxy-ctva-qqq-ing-cnr-bcel-nio
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The NASDAQ 100 Pre-Market Indicator is down -76.14 to 13,761.69. The total Pre-Market volume is currently 57,221,605 shares traded.
The following are the most active stocks for the pre-market session:
Bed Bath & Beyond Inc. (BBBY) is +14.37 at $30.55, with 11,954,724 shares traded. BBBY's current last sale is 203.67% of the target price of $15.
Nine Energy Service, Inc. (NINE) is +0.81 at $2.61, with 4,983,810 shares traded.NINE is scheduled to provide an earnings report on 3/8/2022, for the fiscal quarter ending Dec2021. The consensus earnings per share forecast is -0.55 per share, which represents a -120 percent increase over the EPS one Year Ago
ProShares UltraPro QQQ (TQQQ) is -0.87 at $47.22, with 3,354,232 shares traded. This represents a 25.87% increase from its 52 Week Low.
ProShares UltraPro Short QQQ (SQQQ) is +0.7801 at $44.89, with 2,321,720 shares traded. This represents a 59.47% increase from its 52 Week Low.
Occidental Petroleum Corporation (OXY) is +3.63 at $59.78, with 2,279,076 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022. The consensus EPS forecast is $1.19. , following a 52-week high recorded in prior regular session.
Corteva, Inc. (CTVA) is +0.1 at $51.58, with 1,995,693 shares traded. As reported by Zacks, the current mean recommendation for CTVA is in the "buy range".
Invesco QQQ Trust, Series 1 (QQQ) is -1.97 at $335.33, with 1,709,773 shares traded. This represents a 12.73% increase from its 52 Week Low.
ING Group, N.V. (ING) is -0.29 at $9.43, with 1,640,881 shares traded., following a 52-week high recorded in prior regular session.
Cornerstone Building Brands, Inc. (CNR) is +2.84 at $24.15, with 1,531,734 shares traded. CNR's current last sale is 105.81% of the target price of $22.825.
Atreca, Inc. (BCEL) is -1.09 at $4.11, with 1,168,757 shares traded. As reported in the last short interest update the days to cover for BCEL is 12.694609; this calculation is based on the average trading volume of the stock.
NIO Inc. (NIO) is -0.52 at $18.11, with 1,084,237 shares traded. As reported by Zacks, the current mean recommendation for NIO is in the "buy range".
American Airlines Group, Inc. (AAL) is -0.3799 at $14.21, with 872,230 shares traded., following a 52-week high recorded in prior regular session.
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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American Airlines Group, Inc. (AAL) is -0.3799 at $14.21, with 872,230 shares traded., following a 52-week high recorded in prior regular session. Nine Energy Service, Inc. (NINE) is +0.81 at $2.61, with 4,983,810 shares traded.NINE is scheduled to provide an earnings report on 3/8/2022, for the fiscal quarter ending Dec2021. As reported in the last short interest update the days to cover for BCEL is 12.694609; this calculation is based on the average trading volume of the stock.
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American Airlines Group, Inc. (AAL) is -0.3799 at $14.21, with 872,230 shares traded., following a 52-week high recorded in prior regular session. The total Pre-Market volume is currently 57,221,605 shares traded. , following a 52-week high recorded in prior regular session.
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American Airlines Group, Inc. (AAL) is -0.3799 at $14.21, with 872,230 shares traded., following a 52-week high recorded in prior regular session. The total Pre-Market volume is currently 57,221,605 shares traded. The consensus earnings per share forecast is -0.55 per share, which represents a -120 percent increase over the EPS one Year Ago
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American Airlines Group, Inc. (AAL) is -0.3799 at $14.21, with 872,230 shares traded., following a 52-week high recorded in prior regular session. The following are the most active stocks for the pre-market session: Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2022.
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860.0
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2022-03-07 00:00:00 UTC
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Zacks.com featured highlights include Lantheus Holdings, TimkenSteel, Allegheny Technologies, Peabody Energy and Alcoa
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AA
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-lantheus-holdings-timkensteel-allegheny-technologies
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For Immediate Release
Chicago, IL – March 7, 2022 – Stocks in this week’s article are Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA.
5 Stocks with Recent Price Strength Amid Geopolitical Conflict
The geopolitical conflict between Russia and Ukraine heightened as a massive Russian military convoy approached the Ukrainian capital Kyiv. The Russian authority has stepped up its shelling of Kharkiv, Ukraine’s second-largest city. The United States also deployed more troops in Europe.
Over the weekend, the United States and its allies agreed to exclude selected Russian banks from the SWIFT interbank messaging system. This measure will effectively detach Russian banks from the global financial network.
The first negotiation meeting between Russia and Ukraine ended without any fruitful result. On Feb 24, President Joe Biden said that his administration is considering more punitive actions against Russia to isolate that country from the global financial markets.
Crude oil prices also maintained their northbound journey as Russia is a major exporter of crude oil and natural gas globally, especially in Europe. On Mar 2, the U.S. benchmark — the WTI crude — for April contract, rose 7%, to settle at $110.60 a barrel, marking the highest for a front-month contract since May 2011.
The Russian ruble has depreciated more than 22% compared with the U.S. dollar. The Russian central bank has raised the benchmark interest rate to 20% from 9.5% and closed stock exchanges for a week. Several Russian stocks traded on the London Stock Exchange plunged 25% to 75%.
Despite economic and political conflicts several stocks have gained in the past four weeks. Notable among them are — Lantheus Holdings Inc., TimkenSteel Corp., Allegheny Technologies Inc., Peabody Energy Corp. and Alcoa Corp.
Here’s How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. Stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy.
Here’s how you should create the screen to shortlist the current as well as the potential winners.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1877354/5-stocks-with-recent-price-strength-amid-geopolitical-conflict
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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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.
Contact: Jim Giaquinto
Company: Zacks.com
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Email: pr@zacks.com
Visit: https://www.zacks.com/
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Peabody Energy Corporation (BTU): Free Stock Analysis Report
Allegheny Technologies Incorporated (ATI): Free Stock Analysis Report
Timken Steel Corporation (TMST): Free Stock Analysis Report
Lantheus Holdings, Inc. (LNTH): 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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For Immediate Release Chicago, IL – March 7, 2022 – Stocks in this week’s article are Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA. Alcoa (AA): Free Stock Analysis Report Notable among them are — Lantheus Holdings Inc., TimkenSteel Corp., Allegheny Technologies Inc., Peabody Energy Corp. and Alcoa Corp. Here’s How We Arrived at the Picks We have primarily targeted stocks that have freshly been on a bull run.
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For Immediate Release Chicago, IL – March 7, 2022 – Stocks in this week’s article are Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA. Alcoa (AA): Free Stock Analysis Report Notable among them are — Lantheus Holdings Inc., TimkenSteel Corp., Allegheny Technologies Inc., Peabody Energy Corp. and Alcoa Corp. Here’s How We Arrived at the Picks We have primarily targeted stocks that have freshly been on a bull run.
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For Immediate Release Chicago, IL – March 7, 2022 – Stocks in this week’s article are Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA. Alcoa (AA): Free Stock Analysis Report Several Russian stocks traded on the London Stock Exchange plunged 25% to 75%.
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For Immediate Release Chicago, IL – March 7, 2022 – Stocks in this week’s article are Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA. Alcoa (AA): Free Stock Analysis Report Here’s how you should create the screen to shortlist the current as well as the potential winners.
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861.0
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2022-03-07 00:00:00 UTC
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Alcoa (AA) Hits Fresh High: Is There Still Room to Run?
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https://www.nasdaq.com/articles/alcoa-aa-hits-fresh-high%3A-is-there-still-room-to-run
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Have you been paying attention to shares of Alcoa (AA)? Shares have been on the move with the stock up 41.2% over the past month. The stock hit a new 52-week high of $90.95 in the previous session. Alcoa has gained 52.2% since the start of the year compared to the -10.2% move for the Zacks Industrial Products sector and the 24% return for the Zacks Metal Products - Distribution industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 19, 2022, Alcoa reported EPS of $2.5 versus consensus estimate of $2.04 while it beat the consensus revenue estimate by 1.41%.
For the current fiscal year, Alcoa is expected to post earnings of $8.03 per share on $13.09 billion in revenues. This represents a 17.57% change in EPS on a 7.73% change in revenues. For the next fiscal year, the company is expected to earn $6.27 per share on $12.67 billion in revenues. This represents a year-over-year change of -21.89% and -3.21%, respectively.
Valuation Metrics
Alcoa may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Alcoa has a Value Score of B. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 11.3X current fiscal year EPS estimates, which is a premium to the peer industry average of 11.2X. On a trailing cash flow basis, the stock currently trades at 8.7X versus its peer group's average of 7.4X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Alcoa currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Alcoa passes the test. Thus, it seems as though Alcoa shares could still be poised for more gains ahead.
How Does AA Stack Up to the Competition?
Shares of AA have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Reliance Steel & Aluminum Co. (RS). RS has a Zacks Rank of # 1 (Strong Buy) and a Value Score of B, a Growth Score of C, and a Momentum Score of B.
Earnings were strong last quarter. Reliance Steel & Aluminum Co. beat our consensus estimate by 32.11%, and for the current fiscal year, RS is expected to post earnings of $16.91 per share on revenue of $13.39 billion.
Shares of Reliance Steel & Aluminum Co. have gained 21% over the past month, and currently trade at a forward P/E of 11.17X and a P/CF of 7.16X.
The Metal Products - Distribution industry is in the top 37% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AA and RS, even beyond their own solid fundamental situation.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Reliance Steel & Aluminum Co. (RS): 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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Have you been paying attention to shares of Alcoa (AA)? How Does AA Stack Up to the Competition? Shares of AA have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry?
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Have you been paying attention to shares of Alcoa (AA)? How Does AA Stack Up to the Competition? Shares of AA have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry?
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Have you been paying attention to shares of Alcoa (AA)? How Does AA Stack Up to the Competition? Shares of AA have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry?
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Have you been paying attention to shares of Alcoa (AA)? How Does AA Stack Up to the Competition? Shares of AA have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry?
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862.0
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2022-03-04 00:00:00 UTC
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The Zacks Analyst Blog Highlights Exxon Mobil, Marathon Oil, ConocoPhillips, The Mosaic, and Alcoa
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-exxon-mobil-marathon-oil-conocophillips-the-mosaic-and
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For Immediate Release
Chicago, IL – March 4, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA.
Here are highlights from Thursday’s Analyst Blog:
Powell Hints at Cautious Approach to Rate Hikes: 5 Picks
Market participants' sentiment strengthened after the Fed Chairman said that the central bank might not opt for an aggressive rate hike in March. Since the beginning of this year, investors have been worried that the Fed may choose a tougher-than-expected monetary stance to combat soaring inflation.
At this stage, it will be prudent to invest in stocks that have strong growth potential with a favorable Zacks Rank. Five of them are Exxon Mobil Corp., Marathon Oil Corp., ConocoPhillips, The Mosaic Co. and Alcoa Corp.
Powell's Testimony
On Mar 2, in his testimony to the U.S. House of Representatives Financial Services Committee, Fed Chairman Jerome Powell said that the first rate hike after three years will come in March. However, he hinted that the central bank may not adopt an aggressive rate hike policy in order to combat soaring inflation as the "implications for the U.S. economy are highly uncertain" from the Russia-Ukraine war.
The two major inflation gauges – the PCE price index and the CPI – came in at a 40-year high in January. A large section of economists and financial researchers have said that the Fed will be compelled to raise the benchmark interest rate by 50 basis points in order to cool inflationary pressure.
On Mar 2, Powell said he anticipates a series of rate hikes in 2022 of 25 basis points each. Per CME FedWatch, currently, there is a 95% probability that the Fed will increase the interest rate by 25 basis points in March. Just a few weeks ago, there was a 75% probability that the rate could be hiked up to 50 basis points.
The Fed is scheduled to terminate the $120 billion monthly bind-buying program this month. The central bank will start shrinking the size of its $9 trillion balance sheet after rate hikes start. Powell is still expecting inflation to normalize later this year. However, if that does not happen then the Fed will not hesitate to take a more aggressive approach.
Robust U.S. Economy to Drive Stock Markets
In 2022, the biggest drivers of the U.S. stock markets should be the nation's strong economic fundamentals. Some recently published economic data also provides a rosy picture. January's data for consumer spending, durable goods orders, manufacturing and services PMIs remained elevated.
Moreover, the U.S. economy will get more upside from the government's infrastructure spending. On Nov 15, President Joe Biden signed a bipartisan infrastructure bill of $550 billion in addition to the previously approved funds of $450 billion for five years. Total spending may go up to $1.2 trillion if the plan is extended to eight years.
The infrastructure development project will be a key catalyst for the U.S. stock markets in 2022. Various segments of the economy such as basic materials, industrials, utilities and telecommunications should benefit immensely from more job creation.
Additionally, the White House put pressure on Congress to quickly pass a legislation providing $52 billion to help computer chip manufacturers and ease the shortage of the components vital to many industries.
Our Top Picks
We have narrowed our search to five large-cap (market capital > $10 billion) growth stocks that have a solid upside for 2022. These stocks have also witnessed positive earnings estimate revisions in the past 30 days.
Moreover, these companies are regular dividend payers, which will act as a regular income stream in a market's downturn. Each of our picks carries a Zacks Rank #1 (Strong Buy) and has a Growth Score A or B. You can see the complete list of today's Zacks #1 Rank stocks here.
Exxon Mobil made multiple world-class oil discoveries at the Stabroek Block, located off the coast of Guyana. XOM raised the estimate for discovered recoverable resources from the Stabroek Block to approximately 10 billion oil-equivalent barrels.
Exxon Mobil's bellwether status and an optimal integrated capital structure, which have historically led to industry-leading returns make it a relatively lower-risk energy sector play. The integrated oil behemoth expects to reduce greenhouse gas emissions by 30% in its upstream business. By the same time, XOM expects to reduce flaring and methane emissions by 40%.
Exxon Mobil has an expected earnings growth rate of 28.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.7% over the past 30 days. XOM has a current dividend yield of 4.45%.
Marathon Oil is a leading oil and natural gas exploration and production company with operations in the United States and Africa. MRO's robust operational metrics suggest strong long-term cash flows that should support a higher price for its shares. The wells drilled by Marathon Oil have extremely low oil price breakeven costs and need oil prices of just $35 a barrel to be profitable.
MRO continues to cut down costs substantially and is striving to achieve a 30% decline in production and G&A costs in 2021 compared to the 2019 levels. Furthermore, Marathon Oil's significant debt maturities will mostly fall after 2025 and there does not appear much risk here.
Marathon Oil has an expected earnings growth rate of 83.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the past 30 days. MRO has a current dividend yield of 1.22%.
ConocoPhillips holds a bulk of acres in the three big unconventional plays, namely Eagle Ford shale, Delaware basin and Bakken shale, which are rich in oil. COP also has a foothold in Canada's oil sand resources and exposure to developments related to liquefied natural gas.
ConocoPhillips announced an agreement to purchase all Royal Dutch Shell assets in the prolific Permian. The deal reflects COP's aim of broadening its Permian presence. The transaction is highly accretive and involves the acquisition of roughly 225,000 net acres in the heart of the core Delaware basin.
ConocoPhillips has an expected earnings growth rate of 62.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 13.4% over the past 30 days. COP has a current dividend yield of 1.9%.
The Mosaic is likely to gain from higher demand for fertilizers. Demand for phosphate and potash in North America has been strong in 2021, and the momentum is likely to continue this year. Strong grower economics and crop commodity prices are driving potash demand globally.
The Vale Fertilizantes buyout is also expected to deliver significant synergies. Mosaic is also expected to benefit from its cost-reduction actions, leading to an improvement in its operating cost structure. MOS' efforts to lower debt, streamline processes, centralize mining operations and automation are encouraging.
Mosaic has an expected earnings growth rate of 95% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 12% over the past seven days. MOS has a current dividend yield of 0.58%.
Alcoa produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. AA operates through three segments: Bauxite, Alumina, and Aluminum.
Alcoa is engaged in bauxite mining operations and processes bauxite into alumina and sells it to customers who process it into industrial chemical products. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
Alcoa has an expected earnings growth rate of 17.6% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 19.3% over the past 30 days. AA has a current dividend yield of 0.50%.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Exxon Mobil Corporation (XOM): Free Stock Analysis Report
ConocoPhillips (COP): Free Stock Analysis Report
Marathon Oil Corporation (MRO): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
The Mosaic Company (MOS): 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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Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Stocks recently featured in the blog include: Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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863.0
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2022-03-04 00:00:00 UTC
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5 Stocks With Recent Price Strength Amid Geopolitical Conflict
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https://www.nasdaq.com/articles/5-stocks-with-recent-price-strength-amid-geopolitical-conflict
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The geopolitical conflict between Russia and Ukraine heightened as a massive Russian military convoy approached the Ukrainian capital Kyiv. The Russian authority has stepped up its shelling of Kharkiv, Ukraine’s second-largest city. The United States also deployed more troops in Europe.
Over the weekend, the United States and its allies agreed to exclude selected Russian banks from the SWIFT interbank messaging system. This measure will effectively detach Russian banks from the global financial network.
The first negotiation meeting between Russia and Ukraine ended without any fruitful result. On Feb 24, President Joe Biden said that his administration is considering more punitive actions against Russia to isolate that country from the global financial markets.
Crude oil prices also maintained their northbound journey as Russia is a major exporter of crude oil and natural gas globally, especially in Europe. On Mar 2, the U.S. benchmark — the WTI crude — for April contract, rose 7%, to settle at $110.60 a barrel, marking the highest for a front-month contract since May 2011.
The Russian ruble has depreciated more than 22% compared with the U.S. dollar. The Russian central bank has raised the benchmark interest rate to 20% from 9.5% and closed stock exchanges for a week. Several Russian stocks traded on the London Stock Exchange plunged 25% to 75%.
Despite economic and political conflicts several stocks have gained in the past four weeks. Notable among them are — Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA.
Here’s How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. Stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy.
Here’s how you should create the screen to shortlist the current as well as the potential winners.
Screening Parameters:
Percentage Change in Price (4 Weeks) greater than zero: This criterion shows that the stock has moved higher in the last four weeks.
Percentage Change Price (12 Weeks) greater than 10: This indicates that the stock has seen momentum over the last three months. This lowers the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market in a very short period.
Zacks Rank 1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here.
Average Broker Rating 1 or 2: This indicates that brokers are also highly hopeful about the stock’s future performance.
Current Price greater than 5: The stocks must all be trading at a minimum of $5.
Current Price/ 52-Week High-Low Range more than 85%: This criterion filters stocks that are trading near their respective 52-week highs. It indicates that these are strong enough in terms of price.
Just these few criteria narrowed down the search from over 7,700 stocks to just 33.
Let’s discuss our five picks out of the 33 stocks:
Lantheus Holdings is involved in developing, manufacturing, selling and distributing diagnostic medical imaging agents and products for the diagnosis of cardiovascular and other diseases. LNTH serves to hospitals, clinics, group practices, integrated delivery networks, group purchasing organizations, radiopharmacies and wholesalers.
The stock price of Lantheus Holdings has soared 100.4% in the past four weeks. LNTH has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 136.9% over the past seven days.
TimkenSteel is engaged in manufacturing alloy steel, along with carbon and micro-alloy steel. TMST provides air-melted alloy steel bars, tubes, and precision components, as well as value-added services, including thermal treatment and machining in the United States and internationally. TimkenSteel operates in the SBQ Steel Bar, Seamless Mechanical Steel Tubes, and Billets, and Value-added Precision Products and Services segments.
The stock price of TMST has appreciated 29.1% in the past four weeks. TimkenSteel has an expected earnings growth rate of 2.8% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 8.2% over the past seven days.
Allegheny Technologies is a diversified specialty materials producer. ATI is likely to benefit from strength in the high-performance Materials & Components segment and demand growth in the Forgings business. Higher selling prices and increased market demand are also driving results in the Advanced Alloys & Solutions unit.
Allegheny Technologies is also focused on improving the cost structure. The company has efficiently managed capital expenditure, by adjusting its capital spending to meet the new demand levels. ATI is in the process of finishing several self-funded capital projects. ATI’s exit from low-margin standard stainless sheet products is also expected to drive margins in the AA&S segment.
The stock price of Allegheny Technologies has advanced 20.3% in the past four weeks. ATI has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 45.6% over the past 30 days.
Peabody Energy is engaged in coal mining business in the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, South Korea, and internationally. BTU operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining segments.
The stock price of Peabody Energy has jumped 69.9% in the past four weeks. BTU has an expected earnings growth rate of 82.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 62.8% over the past 30 days.
Alcoa produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. AA operates through three segments: Bauxite, Alumina, and Aluminum.
Alcoa is engaged in bauxite mining operations and processes bauxite into alumina and sells it to customers who process it into industrial chemical products. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
The stock price of Alcoa has climbed 39.4% in the past four weeks. AA has an expected earnings growth rate of 17.6% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 19.3% over the past 30 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial to day. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Peabody Energy Corporation (BTU): Free Stock Analysis Report
Allegheny Technologies Incorporated (ATI): Free Stock Analysis Report
Timken Steel Corporation (TMST): Free Stock Analysis Report
Lantheus Holdings, Inc. (LNTH): 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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Notable among them are — Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA. ATI’s exit from low-margin standard stainless sheet products is also expected to drive margins in the AA&S segment. AA operates through three segments: Bauxite, Alumina, and Aluminum.
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Notable among them are — Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA. ATI’s exit from low-margin standard stainless sheet products is also expected to drive margins in the AA&S segment. AA operates through three segments: Bauxite, Alumina, and Aluminum.
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Notable among them are — Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA. ATI’s exit from low-margin standard stainless sheet products is also expected to drive margins in the AA&S segment. AA operates through three segments: Bauxite, Alumina, and Aluminum.
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Notable among them are — Lantheus Holdings Inc. LNTH, TimkenSteel Corp. TMST, Allegheny Technologies Inc. ATI, Peabody Energy Corp. BTU and Alcoa Corp. AA. ATI’s exit from low-margin standard stainless sheet products is also expected to drive margins in the AA&S segment. AA operates through three segments: Bauxite, Alumina, and Aluminum.
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864.0
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2022-03-04 00:00:00 UTC
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Has Alcoa (AA) Outpaced Other Industrial Products Stocks This Year?
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https://www.nasdaq.com/articles/has-alcoa-aa-outpaced-other-industrial-products-stocks-this-year-0
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Alcoa (AA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Alcoa is one of 224 companies in the Industrial Products group. The Industrial Products group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Alcoa is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AA has returned about 39.1% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of -9% on a year-to-date basis. This shows that Alcoa is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is Reliance Steel (RS). The stock is up 17.1% year-to-date.
The consensus estimate for Reliance Steel's current year EPS has increased 19.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Alcoa belongs to the Metal Products - Distribution industry, a group that includes 6 individual companies and currently sits at #56 in the Zacks Industry Rank. This group has gained an average of 19.8% so far this year, so AA is performing better in this area. Reliance Steel is also part of the same industry.
Investors with an interest in Industrial Products stocks should continue to track Alcoa and Reliance Steel. These stocks will be looking to continue their solid performance.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Reliance Steel & Aluminum Co. (RS): 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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Has Alcoa (AA) been one of those stocks this year? The Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher within the past quarter. Our latest available data shows that AA has returned about 39.1% since the start of the calendar year.
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Alcoa (AA): Free Stock Analysis Report Has Alcoa (AA) been one of those stocks this year? The Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher within the past quarter.
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Has Alcoa (AA) been one of those stocks this year? The Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher within the past quarter. Our latest available data shows that AA has returned about 39.1% since the start of the calendar year.
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Has Alcoa (AA) been one of those stocks this year? The Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher within the past quarter. Our latest available data shows that AA has returned about 39.1% since the start of the calendar year.
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865.0
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2022-03-04 00:00:00 UTC
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Is First Trust Mid Cap Core AlphaDEX ETF (FNX) a Strong ETF Right Now?
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https://www.nasdaq.com/articles/is-first-trust-mid-cap-core-alphadex-etf-fnx-a-strong-etf-right-now-0
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A smart beta exchange traded fund, the First Trust Mid Cap Core AlphaDEX ETF (FNX) debuted on 05/08/2007, and offers broad exposure to the Style Box - Mid Cap Blend category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Because the fund has amassed over $1.01 billion, this makes it one of the average sized ETFs in the Style Box - Mid Cap Blend. FNX is managed by First Trust Advisors. Before fees and expenses, this particular fund seeks to match the performance of the Nasdaq AlphaDEX Mid Cap Core Index.
The NASDAQ AlphaDEX Mid Cap Core Index is an enhanced index which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 600 Mid Cap Index.
Cost & Other Expenses
Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio.
Annual operating expenses for FNX are 0.59%, which makes it one of the more expensive products in the space.
The fund has a 12-month trailing dividend yield of 0.99%.
Sector Exposure and Top Holdings
Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
For FNX, it has heaviest allocation in the Financials sector --about 19.50% of the portfolio --while Industrials and Consumer Discretionary round out the top three.
When you look at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of the fund's total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA).
FNX's top 10 holdings account for about 4.79% of its total assets under management.
Performance and Risk
Year-to-date, the First Trust Mid Cap Core AlphaDEX ETF has lost about -5.82% so far, and is up about 7.57% over the last 12 months (as of 03/04/2022). FNX has traded between $90.51 and $107.11 in this past 52-week period.
The fund has a beta of 1.25 and standard deviation of 28.11% for the trailing three-year period, which makes FNX a medium risk choice in this particular space. With about 451 holdings, it effectively diversifies company-specific risk.
Alternatives
First Trust Mid Cap Core AlphaDEX ETF is a reasonable option for investors seeking to outperform the Style Box - Mid Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
Vanguard MidCap ETF (VO) tracks CRSP US Mid Cap Index and the iShares Core S&P MidCap ETF (IJH) tracks S&P MidCap 400 Index. Vanguard MidCap ETF has $53 billion in assets, iShares Core S&P MidCap ETF has $64.75 billion. VO has an expense ratio of 0.04% and IJH charges 0.05%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Mid Cap Blend.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
First Trust Mid Cap Core AlphaDEX ETF (FNX): ETF Research Reports
APA Corporation (APA): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
Antero Resources Corporation (AR): Free Stock Analysis Report
iShares Core S&P MidCap ETF (IJH): ETF Research Reports
Vanguard MidCap ETF (VO): ETF Research Reports
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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When you look at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of the fund's total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA). Alcoa (AA): Free Stock Analysis Report ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
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When you look at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of the fund's total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA). Alcoa (AA): Free Stock Analysis Report A smart beta exchange traded fund, the First Trust Mid Cap Core AlphaDEX ETF (FNX) debuted on 05/08/2007, and offers broad exposure to the Style Box - Mid Cap Blend category of the market.
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When you look at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of the fund's total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA). Alcoa (AA): Free Stock Analysis Report A smart beta exchange traded fund, the First Trust Mid Cap Core AlphaDEX ETF (FNX) debuted on 05/08/2007, and offers broad exposure to the Style Box - Mid Cap Blend category of the market.
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When you look at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of the fund's total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA). Alcoa (AA): Free Stock Analysis Report A smart beta exchange traded fund, the First Trust Mid Cap Core AlphaDEX ETF (FNX) debuted on 05/08/2007, and offers broad exposure to the Style Box - Mid Cap Blend category of the market.
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866.0
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2022-03-04 00:00:00 UTC
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SPDR S&P Metals & Mining ETF Experiences Big Inflow
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https://www.nasdaq.com/articles/spdr-sp-metals-mining-etf-experiences-big-inflow
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $135.8 million dollar inflow -- that's a 4.7% increase week over week in outstanding units (from 49,900,000 to 52,250,000). Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 5.9%, Alcoa Corporation (Symbol: AA) is up about 6.1%, and Arch Resources Inc (Symbol: ARCH) is higher by about 1.7%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average:
Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $58.20 as the 52 week high point — that compares with a last trade of $57.97. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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 largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 5.9%, Alcoa Corporation (Symbol: AA) is up about 6.1%, and Arch Resources Inc (Symbol: ARCH) is higher by about 1.7%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $58.20 as the 52 week high point — that compares with a last trade of $57.97. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 5.9%, Alcoa Corporation (Symbol: AA) is up about 6.1%, and Arch Resources Inc (Symbol: ARCH) is higher by about 1.7%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $58.20 as the 52 week high point — that compares with a last trade of $57.97. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 5.9%, Alcoa Corporation (Symbol: AA) is up about 6.1%, and Arch Resources Inc (Symbol: ARCH) is higher by about 1.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $135.8 million dollar inflow -- that's a 4.7% increase week over week in outstanding units (from 49,900,000 to 52,250,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $58.20 as the 52 week high point — that compares with a last trade of $57.97.
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 5.9%, Alcoa Corporation (Symbol: AA) is up about 6.1%, and Arch Resources Inc (Symbol: ARCH) is higher by about 1.7%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Metals & Mining ETF (Symbol: XME) where we have detected an approximate $135.8 million dollar inflow -- that's a 4.7% increase week over week in outstanding units (from 49,900,000 to 52,250,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.71 per share, with $58.20 as the 52 week high point — that compares with a last trade of $57.97.
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867.0
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2022-03-04 00:00:00 UTC
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Noteworthy Friday Option Activity: SAVA, MSFT, AA
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AA
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-sava-msft-aa
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cassava Sciences Inc (Symbol: SAVA), where a total volume of 12,471 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 73.9% of SAVA's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $30 strike call option expiring January 20, 2023, with 2,007 contracts trading so far today, representing approximately 200,700 underlying shares of SAVA. Below is a chart showing SAVA's trailing twelve month trading history, with the $30 strike highlighted in orange:
Microsoft Corporation (Symbol: MSFT) options are showing a volume of 260,654 contracts thus far today. That number of contracts represents approximately 26.1 million underlying shares, working out to a sizeable 73.4% of MSFT's average daily trading volume over the past month, of 35.5 million shares. Particularly high volume was seen for the $292.50 strike call option expiring March 04, 2022, with 14,468 contracts trading so far today, representing approximately 1.4 million underlying shares of MSFT. Below is a chart showing MSFT's trailing twelve month trading history, with the $292.50 strike highlighted in orange:
And Alcoa Corporation (Symbol: AA) options are showing a volume of 60,765 contracts thus far today. That number of contracts represents approximately 6.1 million underlying shares, working out to a sizeable 68% of AA's average daily trading volume over the past month, of 8.9 million shares. Particularly high volume was seen for the $90 strike call option expiring March 04, 2022, with 4,957 contracts trading so far today, representing approximately 495,700 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $90 strike highlighted in orange:
For the various different available expirations for SAVA options, MSFT options, or AA options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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Particularly high volume was seen for the $90 strike call option expiring March 04, 2022, with 4,957 contracts trading so far today, representing approximately 495,700 underlying shares of AA. Below is a chart showing MSFT's trailing twelve month trading history, with the $292.50 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 60,765 contracts thus far today. That number of contracts represents approximately 6.1 million underlying shares, working out to a sizeable 68% of AA's average daily trading volume over the past month, of 8.9 million shares.
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That number of contracts represents approximately 6.1 million underlying shares, working out to a sizeable 68% of AA's average daily trading volume over the past month, of 8.9 million shares. Below is a chart showing MSFT's trailing twelve month trading history, with the $292.50 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 60,765 contracts thus far today. Particularly high volume was seen for the $90 strike call option expiring March 04, 2022, with 4,957 contracts trading so far today, representing approximately 495,700 underlying shares of AA.
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That number of contracts represents approximately 6.1 million underlying shares, working out to a sizeable 68% of AA's average daily trading volume over the past month, of 8.9 million shares. Below is a chart showing MSFT's trailing twelve month trading history, with the $292.50 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 60,765 contracts thus far today. Particularly high volume was seen for the $90 strike call option expiring March 04, 2022, with 4,957 contracts trading so far today, representing approximately 495,700 underlying shares of AA.
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That number of contracts represents approximately 6.1 million underlying shares, working out to a sizeable 68% of AA's average daily trading volume over the past month, of 8.9 million shares. Particularly high volume was seen for the $90 strike call option expiring March 04, 2022, with 4,957 contracts trading so far today, representing approximately 495,700 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $90 strike highlighted in orange: For the various different available expirations for SAVA options, MSFT options, or AA options, visit StockOptionsChannel.com.
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868.0
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2022-03-03 00:00:00 UTC
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Should First Trust Mid Cap Core AlphaDEX ETF (FNX) Be on Your Investing Radar?
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AA
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https://www.nasdaq.com/articles/should-first-trust-mid-cap-core-alphadex-etf-fnx-be-on-your-investing-radar-0
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nan
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nan
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Looking for broad exposure to the Mid Cap Blend segment of the US equity market? You should consider the First Trust Mid Cap Core AlphaDEX ETF (FNX), a passively managed exchange traded fund launched on 05/08/2007.
The fund is sponsored by First Trust Advisors. It has amassed assets over $1.01 billion, making it one of the average sized ETFs attempting to match the Mid Cap Blend segment of the US equity market.
Why Mid Cap Blend
Mid cap companies have market capitalization between $2 billion and $10 billion. They usually have higher growth prospects than large cap companies and are less volatile than small cap companies. Thus, companies that fall under this category provide a stable and growth-heavy investment.
Typically holding a combination of both growth and value stocks, blend ETFs also demonstrate qualities seen in value and growth investments.
Costs
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.59%, making it one of the more expensive products in the space.
It has a 12-month trailing dividend yield of 0.98%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Financials sector--about 19.50% of the portfolio. Industrials and Consumer Discretionary round out the top three.
Looking at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA).
The top 10 holdings account for about 4.79% of total assets under management.
Performance and Risk
FNX seeks to match the performance of the Nasdaq AlphaDEX Mid Cap Core Index before fees and expenses. The NASDAQ AlphaDEX Mid Cap Core Index is an enhanced index which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 600 Mid Cap Index.
The ETF has lost about -5.13% so far this year and is up about 7.50% in the last one year (as of 03/03/2022). In the past 52-week period, it has traded between $89.07 and $107.11.
The ETF has a beta of 1.25 and standard deviation of 28.13% for the trailing three-year period, making it a medium risk choice in the space. With about 451 holdings, it effectively diversifies company-specific risk.
Alternatives
First Trust Mid Cap Core AlphaDEX ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FNX is a sufficient option for those seeking exposure to the Style Box - Mid Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.
The Vanguard MidCap ETF (VO) and the iShares Core S&P MidCap ETF (IJH) track a similar index. While Vanguard MidCap ETF has $53.42 billion in assets, iShares Core S&P MidCap ETF has $65.26 billion. VO has an expense ratio of 0.04% and IJH charges 0.05%.
Bottom-Line
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
First Trust Mid Cap Core AlphaDEX ETF (FNX): ETF Research Reports
APA Corporation (APA): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
Antero Resources Corporation (AR): Free Stock Analysis Report
iShares Core S&P MidCap ETF (IJH): ETF Research Reports
Vanguard MidCap ETF (VO): ETF Research Reports
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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Looking at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA). Alcoa (AA): Free Stock Analysis Report You should consider the First Trust Mid Cap Core AlphaDEX ETF (FNX), a passively managed exchange traded fund launched on 05/08/2007.
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Looking at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA). Alcoa (AA): Free Stock Analysis Report The NASDAQ AlphaDEX Mid Cap Core Index is an enhanced index which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 600 Mid Cap Index.
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Looking at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA). Alcoa (AA): Free Stock Analysis Report Alternatives First Trust Mid Cap Core AlphaDEX ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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Looking at individual holdings, Alcoa Corporation (AA) accounts for about 0.51% of total assets, followed by Antero Resources Corporation (AR) and Apa Corporation (APA). Alcoa (AA): Free Stock Analysis Report You should consider the First Trust Mid Cap Core AlphaDEX ETF (FNX), a passively managed exchange traded fund launched on 05/08/2007.
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869.0
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2022-03-03 00:00:00 UTC
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Powell Hints Cautious Approach to Rate Hike: 5 Growth Picks
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AA
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https://www.nasdaq.com/articles/powell-hints-cautious-approach-to-rate-hike%3A-5-growth-picks
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nan
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nan
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Wall Street rebounded on Mar 2, regaining a large part of the losses it had incurred om the previous day. Market participants’ sentiment strengthened after the Fed Chairman said that the central bank might not opt for an aggressive rate hike in March. Since the beginning of this year, investors have been worried that the Fed may choose a tougher-than-expected monetary stance to combat soaring inflation.
At this stage, it will be prudent to invest in stocks that have strong growth potential with a favorable Zacks Rank. Five of them are Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA.
Powell’s Testimony
On Mar 2, in his testimony to the U.S. House of Representatives Financial Services Committee, Fed Chairman Jerome Powell said that the first rate hike after three years will come in March. However, he hinted that the central bank may not adopt an aggressive rate hike policy in order to combat soaring inflation as the “implications for the U.S. economy are highly uncertain” from the Russia-Ukraine war.
The two major inflation gauges – the PCE price index and the CPI – came in at a 40-year high in January. A large section of economists and financial researchers have said that the Fed will be compelled to raise the benchmark interest rate by 50 basis points in order to cool inflationary pressure.
On Mar 2, Powell said he anticipates a series of rate hikes in 2022 of 25 basis points each. Per CME FedWatch, currently, there is a 95% probability that the Fed will increase the interest rate by 25 basis points in March. Just a few weeks ago, there was a 75% probability that the rate could be hiked up to 50 basis points.
The Fed is scheduled to terminate the $120 billion monthly bind-buying program this month. The central bank will start shrinking the size of its $9 trillion balance sheet after rate hikes start. Powell is still expecting inflation to normalize later this year. However, if that does not happen then the Fed will not hesitate to take a more aggressive approach.
Robust U.S. Economy to Drive Stock Markets
In 2022, the biggest drivers of the U.S. stock markets should be the nation’s strong economic fundamentals. Some recently published economic data also provides a rosy picture. January’s data for consumer spending, durable goods orders, manufacturing and services PMIs remained elevated.
Moreover, the U.S. economy will get more upside from the government’s infrastructure spending. On Nov 15, President Joe Biden signed a bipartisan infrastructure bill of $550 billion in addition to the previously approved funds of $450 billion for five years. Total spending may go up to $1.2 trillion if the plan is extended to eight years.
The infrastructure development project will be a key catalyst for the U.S. stock markets in 2022. Various segments of the economy such as basic materials, industrials, utilities and telecommunications should benefit immensely from more job creation.
Additionally, the White House put pressure on Congress to quickly pass a legislation providing $52 billion to help computer chip manufacturers and ease the shortage of the components vital to many industries.
Our Top Picks
We have narrowed our search to five large-cap (market capital > $10 billion) growth stocks that have a solid upside for 2022. These stocks have also witnessed positive earnings estimate revisions in the past 30 days.
Moreover, these companies are regular dividend payers, which will act as a regular income stream in a market’s downturn. Each of our picks carries a Zacks Rank #1 (Strong Buy) and has a Growth Score A or B. You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Exxon Mobil made multiple world-class oil discoveries at the Stabroek Block, located off the coast of Guyana. XOM raised the estimate for discovered recoverable resources from the Stabroek Block to approximately 10 billion oil-equivalent barrels.
Exxon Mobil’s bellwether status and an optimal integrated capital structure, which have historically led to industry-leading returns make it a relatively lower-risk energy sector play. The integrated oil behemoth expects to reduce greenhouse gas emissions by 30% in its upstream business. By the same time, XOM expects to reduce flaring and methane emissions by 40%.
Exxon Mobil has an expected earnings growth rate of 28.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.7% over the past 30 days. XOM has a current dividend yield of 4.45%.
Marathon Oil is a leading oil and natural gas exploration and production company with operations in the United States and Africa. MRO’s robust operational metrics suggest strong long-term cash flows that should support a higher price for its shares. The wells drilled by Marathon Oil have extremely low oil price breakeven costs and need oil prices of just $35 a barrel to be profitable.
MRO continues to cut down costs substantially and is striving to achieve a 30% decline in production and G&A costs in 2021 compared to the 2019 levels. Furthermore, Marathon Oil’s significant debt maturities will mostly fall after 2025 and there does not appear much risk here.
Marathon Oil has an expected earnings growth rate of 83.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the past 30 days. MRO has a current dividend yield of 1.22%.
ConocoPhillips holds a bulk of acres in the three big unconventional plays, namely Eagle Ford shale, Delaware basin and Bakken shale, which are rich in oil. COP also has a foothold in Canada’s oil sand resources and exposure to developments related to liquefied natural gas.
ConocoPhillips announced an agreement to purchase all Royal Dutch Shell assets in the prolific Permian. The deal reflects COP’s aim of broadening its Permian presence. The transaction is highly accretive and involves the acquisition of roughly 225,000 net acres in the heart of the core Delaware basin.
ConocoPhillips has an expected earnings growth rate of 62.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 13.4% over the past 30 days. COP has a current dividend yield of 1.9%.
The Mosaic is likely to gain from higher demand for fertilizers. Demand for phosphate and potash in North America has been strong in 2021, and the momentum is likely to continue this year. Strong grower economics and crop commodity prices are driving potash demand globally.
The Vale Fertilizantes buyout is also expected to deliver significant synergies. Mosaic is also expected to benefit from its cost-reduction actions, leading to an improvement in its operating cost structure. MOS’ efforts to lower debt, streamline processes, centralize mining operations and automation are encouraging.
Mosaic has an expected earnings growth rate of 95% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 12% over the past seven days. MOS has a current dividend yield of 0.58%.
Alcoa produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. AA operates through three segments: Bauxite, Alumina, and Aluminum.
Alcoa is engaged in bauxite mining operations and processes bauxite into alumina and sells it to customers who process it into industrial chemical products. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
Alcoa has an expected earnings growth rate of 17.6% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 19.3% over the past 30 days. AA has a current dividend yield of 0.50%.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Exxon Mobil Corporation (XOM): Free Stock Analysis Report
ConocoPhillips (COP): Free Stock Analysis Report
Marathon Oil Corporation (MRO): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
The Mosaic Company (MOS): 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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Five of them are Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Five of them are Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Five of them are Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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Five of them are Exxon Mobil Corp. XOM, Marathon Oil Corp. MRO, ConocoPhillips COP, The Mosaic Co. MOS and Alcoa Corp. AA. AA operates through three segments: Bauxite, Alumina, and Aluminum. AA offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets and flat-rolled aluminum sheets to customers that produce beverage and food cans.
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870.0
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2022-03-03 00:00:00 UTC
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Alcoa (AA) Gains As Market Dips: What You Should Know
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AA
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https://www.nasdaq.com/articles/alcoa-aa-gains-as-market-dips%3A-what-you-should-know-0
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nan
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nan
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Alcoa (AA) closed the most recent trading day at $82.89, moving +0.4% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the bauxite, alumina and aluminum products company had gained 39.44% over the past month, outpacing the Industrial Products sector's loss of 3.58% and the S&P 500's loss of 4.24% in that time.
Wall Street will be looking for positivity from Alcoa as it approaches its next earnings report date. The company is expected to report EPS of $2.47, up 212.66% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.38 billion, up 17.75% from the year-ago period.
AA's full-year Zacks Consensus Estimates are calling for earnings of $8.03 per share and revenue of $13.09 billion. These results would represent year-over-year changes of +17.57% and +7.73%, respectively.
It is also important to note the recent changes to analyst estimates for Alcoa. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 19.36% higher within the past month. Alcoa is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Alcoa's current valuation metrics, including its Forward P/E ratio of 10.28. This valuation marks a discount compared to its industry's average Forward P/E of 10.88.
The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AA in the coming trading sessions, be sure to utilize Zacks.com.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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AA's full-year Zacks Consensus Estimates are calling for earnings of $8.03 per share and revenue of $13.09 billion. Alcoa (AA) closed the most recent trading day at $82.89, moving +0.4% from the previous trading session. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.
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AA's full-year Zacks Consensus Estimates are calling for earnings of $8.03 per share and revenue of $13.09 billion. Alcoa (AA) closed the most recent trading day at $82.89, moving +0.4% from the previous trading session. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.
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Alcoa (AA) closed the most recent trading day at $82.89, moving +0.4% from the previous trading session. AA's full-year Zacks Consensus Estimates are calling for earnings of $8.03 per share and revenue of $13.09 billion. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.
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Alcoa (AA): Free Stock Analysis Report Alcoa (AA) closed the most recent trading day at $82.89, moving +0.4% from the previous trading session. AA's full-year Zacks Consensus Estimates are calling for earnings of $8.03 per share and revenue of $13.09 billion.
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871.0
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2022-03-03 00:00:00 UTC
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AA Ex-Dividend Reminder - 3/7/22
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AA
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https://www.nasdaq.com/articles/aa-ex-dividend-reminder-3-7-22
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 3/7/22, Alcoa Corporation (Symbol: AA) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 3/24/22. As a percentage of AA's recent stock price of $82.18, this dividend works out to approximately 0.12%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AA is likely to continue, and whether the current estimated yield of 0.49% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AA shares, versus its 200 day moving average:
Looking at the chart above, AA's low point in its 52 week range is $27.11 per share, with $85.73 as the 52 week high point — that compares with a last trade of $82.17.
Free Report: Top 7%+ Dividends (paid monthly)
In Thursday trading, Alcoa Corporation shares are currently down about 0.5% on the day.
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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.
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In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AA is likely to continue, and whether the current estimated yield of 0.49% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AA shares, versus its 200 day moving average: Looking at the chart above, AA's low point in its 52 week range is $27.11 per share, with $85.73 as the 52 week high point — that compares with a last trade of $82.17. Looking at the universe of stocks we cover at Dividend Channel, on 3/7/22, Alcoa Corporation (Symbol: AA) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 3/24/22.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/7/22, Alcoa Corporation (Symbol: AA) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 3/24/22. The chart below shows the one year performance of AA shares, versus its 200 day moving average: Looking at the chart above, AA's low point in its 52 week range is $27.11 per share, with $85.73 as the 52 week high point — that compares with a last trade of $82.17. As a percentage of AA's recent stock price of $82.18, this dividend works out to approximately 0.12%.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/7/22, Alcoa Corporation (Symbol: AA) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 3/24/22. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AA is likely to continue, and whether the current estimated yield of 0.49% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AA shares, versus its 200 day moving average: Looking at the chart above, AA's low point in its 52 week range is $27.11 per share, with $85.73 as the 52 week high point — that compares with a last trade of $82.17.
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As a percentage of AA's recent stock price of $82.18, this dividend works out to approximately 0.12%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AA is likely to continue, and whether the current estimated yield of 0.49% on annualized basis is a reasonable expectation of annual yield going forward. Looking at the universe of stocks we cover at Dividend Channel, on 3/7/22, Alcoa Corporation (Symbol: AA) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 3/24/22.
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872.0
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2022-03-02 00:00:00 UTC
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New Strong Buy Stocks for March 2nd
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AA
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-march-2nd
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nan
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nan
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
AGCO AGCO: This leading manufacturer and distributor of agricultural equipment and related replacement parts company has seen the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.
AGCO Corporation Price and Consensus
AGCO Corporation price-consensus-chart | AGCO Corporation Quote
AdvanSix ASIX: This company is a producer and supplier of Nylon 6 materials has seen the Zacks Consensus Estimate for its current year earnings increasing 9.8% over the last 60 days.
AdvanSix Price and Consensus
AdvanSix price-consensus-chart | AdvanSix Quote
Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Centennial Resource Development CDEV: This company is an independent oil and gas exploration and production company. It primarily develops unconventional hydrocarbon reserves in the Delaware Basin, a part of the prolific Permian Basin, has seen the Zacks Consensus Estimate for its current year earnings increasing 18.9% over the last 60 days.
Centennial Resource Development Price and Consensus
Centennial Resource Development price-consensus-chart | Centennial Resource Development Quote
Houlihan Lokey HLI: This is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services has seen the Zacks Consensus Estimate for its current year earnings increasing 21.5 % over the last 60 days.
Houlihan Lokey, Inc. Price and Consensus
Houlihan Lokey, Inc. price-consensus-chart | Houlihan Lokey, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Alcoa (AA): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Houlihan Lokey, Inc. (HLI): Free Stock Analysis Report
Centennial Resource Development (CDEV): Free Stock Analysis Report
AdvanSix (ASIX): 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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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: AGCO AGCO: This leading manufacturer and distributor of agricultural equipment and related replacement parts company has seen the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.
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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report AGCO Corporation Price and Consensus AGCO Corporation price-consensus-chart | AGCO Corporation Quote AdvanSix ASIX: This company is a producer and supplier of Nylon 6 materials has seen the Zacks Consensus Estimate for its current year earnings increasing 9.8% over the last 60 days.
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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: AGCO AGCO: This leading manufacturer and distributor of agricultural equipment and related replacement parts company has seen the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.
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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: AGCO AGCO: This leading manufacturer and distributor of agricultural equipment and related replacement parts company has seen the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.
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873.0
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2022-03-02 00:00:00 UTC
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Should iShares Morningstar SmallCap Value ETF (ISCV) Be on Your Investing Radar?
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AA
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https://www.nasdaq.com/articles/should-ishares-morningstar-smallcap-value-etf-iscv-be-on-your-investing-radar-0
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Designed to provide broad exposure to the Small Cap Value segment of the US equity market, the iShares Morningstar SmallCap Value ETF (ISCV) is a passively managed exchange traded fund launched on 06/28/2004.
The fund is sponsored by Blackrock. It has amassed assets over $397.67 million, making it one of the average sized ETFs attempting to match the Small Cap Value segment of the US equity market.
Why Small Cap Value
With more potential comes more risk, and small cap companies, with market capitalization below $2 billion, epitomizes this way of thinking.
While value stocks have lower than average price-to-earnings and price-to-book ratios, they also have lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.
Costs
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.06%, making it the least expensive products in the space.
It has a 12-month trailing dividend yield of 2.04%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Financials sector--about 23.30% of the portfolio. Industrials and Consumer Discretionary round out the top three.
Looking at individual holdings, Amc Entertainment Holdings Inc Cla (AMC) accounts for about 0.97% of total assets, followed by Ovintiv Inc (OVV) and Alcoa Corp (AA).
Performance and Risk
ISCV seeks to match the performance of the MORNINGSTAR US SML CP BRD VLUE EXTD INDX before fees and expenses. The Morningstar US Small Cap Broad Value Extended Index comprises of small-capitalization U.S. equities that exhibit value characteristics.
The ETF has lost about -5.43% so far this year and is up about 6.34% in the last one year (as of 03/02/2022). In the past 52-week period, it has traded between $54.11 and $62.28.
The ETF has a beta of 1.31 and standard deviation of 31.37% for the trailing three-year period. With about 1288 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares Morningstar SmallCap Value ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, ISCV is a sufficient option for those seeking exposure to the Style Box - Small Cap Value area of the market. Investors might also want to consider some other ETF options in the space.
The iShares Russell 2000 Value ETF (IWN) and the Vanguard SmallCap Value ETF (VBR) track a similar index. While iShares Russell 2000 Value ETF has $14.49 billion in assets, Vanguard SmallCap Value ETF has $25.96 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
iShares Morningstar SmallCap Value ETF (ISCV): ETF Research Reports
Alcoa (AA): Free Stock Analysis Report
AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report
Vanguard SmallCap Value ETF (VBR): ETF Research Reports
iShares Russell 2000 Value ETF (IWN): ETF Research Reports
Ovintiv Inc. (OVV): 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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Looking at individual holdings, Amc Entertainment Holdings Inc Cla (AMC) accounts for about 0.97% of total assets, followed by Ovintiv Inc (OVV) and Alcoa Corp (AA). Alcoa (AA): Free Stock Analysis Report Designed to provide broad exposure to the Small Cap Value segment of the US equity market, the iShares Morningstar SmallCap Value ETF (ISCV) is a passively managed exchange traded fund launched on 06/28/2004.
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Looking at individual holdings, Amc Entertainment Holdings Inc Cla (AMC) accounts for about 0.97% of total assets, followed by Ovintiv Inc (OVV) and Alcoa Corp (AA). Alcoa (AA): Free Stock Analysis Report Designed to provide broad exposure to the Small Cap Value segment of the US equity market, the iShares Morningstar SmallCap Value ETF (ISCV) is a passively managed exchange traded fund launched on 06/28/2004.
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Looking at individual holdings, Amc Entertainment Holdings Inc Cla (AMC) accounts for about 0.97% of total assets, followed by Ovintiv Inc (OVV) and Alcoa Corp (AA). Alcoa (AA): Free Stock Analysis Report Alternatives IShares Morningstar SmallCap Value ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors.
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Looking at individual holdings, Amc Entertainment Holdings Inc Cla (AMC) accounts for about 0.97% of total assets, followed by Ovintiv Inc (OVV) and Alcoa Corp (AA). Alcoa (AA): Free Stock Analysis Report When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets.
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874.0
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2022-03-01 00:00:00 UTC
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Why Alcoa Stock Jumped as Much as 13.5% Today
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AA
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https://www.nasdaq.com/articles/why-alcoa-stock-jumped-as-much-as-13.5-today
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nan
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What happened
Shares of Alcoa (NYSE: AA), one of the world's largest aluminum companies, rose as much as 13.5% on Tuesday. The move appears to be a response to the company's presentation at an industry conference, from which there was one really notable takeaway.
So what
Alcoa is a vertically integrated aluminum maker, offering the aluminum inputs bauxite and alumina as well as finished aluminum. It is one of the largest names in the sector and the decisions it makes can have material implications for the rest of its industry. Right now, however, there are broader factors that have investors excited about the metal, which has run up sharply in price. Notably, there appears to be a supply/demand mismatch, and indications are that aluminum supply will remain tight. This means high prices could be here to stay for a while.
Image source: Getty Images.
High prices in the commodity space often lead producers to invest in expanding their capacity, which eventually leads to prices coming back down as supply syncs back up with demand. However, at the industry conference, Alcoa reiterated a previous statement that it has no current plans to build any new production facilities, nor will it in the near future bring any currently shuttered facilities back online, other than one in Brazil that it had already planned to restart. That suggests that supply will continue to lag for a longer period of time and, likely, keep the metal's price buoyant.
Alcoa, however, isn't exactly promising never to introduce new supply. It is developing a clean production technology that it believes will be ready for prime time before it could actually design, locate, and build a new smelter. Thus, this is near-term good news, but perhaps not a long-term support to the aluminum market.
Now what
Aluminum is a commodity, so supply and demand shifts can play havoc with prices, as can geopolitical issues. Those, in turn, can have material impacts on producers like Alcoa, as their top and bottom lines are directly impacted by commodity price swings. With aluminum prices high, Alcoa's stock has been on fire, rising more than 200% over the past year. While its commitment to refrain from bringing on new production capacity online is, perhaps, a good thing in the near term, treading carefully is advisable. A lot of good news appears to have been priced into Alcoa stock already. It's worth noting that as of 2:45 p.m. ET, it had given back a majority of its previous gains and was up just 5.6%.
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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.
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What happened Shares of Alcoa (NYSE: AA), one of the world's largest aluminum companies, rose as much as 13.5% on Tuesday. It is developing a clean production technology that it believes will be ready for prime time before it could actually design, locate, and build a new smelter. While its commitment to refrain from bringing on new production capacity online is, perhaps, a good thing in the near term, treading carefully is advisable.
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What happened Shares of Alcoa (NYSE: AA), one of the world's largest aluminum companies, rose as much as 13.5% on Tuesday. With aluminum prices high, Alcoa's stock has been on fire, rising more than 200% over the past year. A lot of good news appears to have been priced into Alcoa stock already.
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What happened Shares of Alcoa (NYSE: AA), one of the world's largest aluminum companies, rose as much as 13.5% on Tuesday. High prices in the commodity space often lead producers to invest in expanding their capacity, which eventually leads to prices coming back down as supply syncs back up with demand. With aluminum prices high, Alcoa's stock has been on fire, rising more than 200% over the past year.
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What happened Shares of Alcoa (NYSE: AA), one of the world's largest aluminum companies, rose as much as 13.5% on Tuesday. So what Alcoa is a vertically integrated aluminum maker, offering the aluminum inputs bauxite and alumina as well as finished aluminum. High prices in the commodity space often lead producers to invest in expanding their capacity, which eventually leads to prices coming back down as supply syncs back up with demand.
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875.0
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2022-03-01 00:00:00 UTC
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Interesting AA Put And Call Options For October 21st
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AA
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https://www.nasdaq.com/articles/interesting-aa-put-and-call-options-for-october-21st
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nan
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nan
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Investors in Alcoa Corporation (Symbol: AA) saw new options become available this week, for the October 21st expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 234 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 21st contracts and identified one put and one call contract of particular interest.
The put contract at the $80.00 strike price has a current bid of $13.95. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $80.00, but will also collect the premium, putting the cost basis of the shares at $66.05 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $83.80/share today.
Because the $80.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 17.44% return on the cash commitment, or 27.20% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $80.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $85.00 strike price has a current bid of $15.95. If an investor was to purchase shares of AA stock at the current price level of $83.80/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $85.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 20.47% if the stock gets called away at the October 21st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $85.00 strike highlighted in red:
Considering the fact that the $85.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 41%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 19.03% boost of extra return to the investor, or 29.69% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 65%, while the implied volatility in the call contract example is 64%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $83.80) to be 61%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $85.00 strike highlighted in red: Considering the fact that the $85.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available this week, for the October 21st expiration.
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Below is a chart showing AA's trailing twelve month trading history, with the $85.00 strike highlighted in red: Considering the fact that the $85.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available this week, for the October 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 21st contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AA's trailing twelve month trading history, with the $85.00 strike highlighted in red: Considering the fact that the $85.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available this week, for the October 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 21st contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 21st contracts and identified one put and one call contract of particular interest. Below is a chart showing AA's trailing twelve month trading history, with the $85.00 strike highlighted in red: Considering the fact that the $85.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available this week, for the October 21st expiration.
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876.0
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2022-02-24 00:00:00 UTC
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Notable Thursday Option Activity: PYPL, AA, SAVA
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AA
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-pypl-aa-sava
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PayPal Holdings Inc (Symbol: PYPL), where a total volume of 199,807 contracts has been traded thus far today, a contract volume which is representative of approximately 20.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.5% of PYPL's average daily trading volume over the past month, of 31.5 million shares. Especially high volume was seen for the $100 strike call option expiring February 25, 2022, with 5,524 contracts trading so far today, representing approximately 552,400 underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $100 strike highlighted in orange:
Alcoa Corporation (Symbol: AA) options are showing a volume of 47,924 contracts thus far today. That number of contracts represents approximately 4.8 million underlying shares, working out to a sizeable 60.5% of AA's average daily trading volume over the past month, of 7.9 million shares. Especially high volume was seen for the $70 strike put option expiring February 25, 2022, with 8,940 contracts trading so far today, representing approximately 894,000 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $70 strike highlighted in orange:
And Cassava Sciences Inc (Symbol: SAVA) saw options trading volume of 10,765 contracts, representing approximately 1.1 million underlying shares or approximately 59.5% of SAVA's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $35 strike put option expiring March 18, 2022, with 724 contracts trading so far today, representing approximately 72,400 underlying shares of SAVA. Below is a chart showing SAVA's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for PYPL options, AA options, or SAVA options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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Especially high volume was seen for the $70 strike put option expiring February 25, 2022, with 8,940 contracts trading so far today, representing approximately 894,000 underlying shares of AA. Below is a chart showing PYPL's trailing twelve month trading history, with the $100 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 47,924 contracts thus far today. That number of contracts represents approximately 4.8 million underlying shares, working out to a sizeable 60.5% of AA's average daily trading volume over the past month, of 7.9 million shares.
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Below is a chart showing PYPL's trailing twelve month trading history, with the $100 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 47,924 contracts thus far today. Below is a chart showing AA's trailing twelve month trading history, with the $70 strike highlighted in orange: And Cassava Sciences Inc (Symbol: SAVA) saw options trading volume of 10,765 contracts, representing approximately 1.1 million underlying shares or approximately 59.5% of SAVA's average daily trading volume over the past month, of 1.8 million shares. That number of contracts represents approximately 4.8 million underlying shares, working out to a sizeable 60.5% of AA's average daily trading volume over the past month, of 7.9 million shares.
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That number of contracts represents approximately 4.8 million underlying shares, working out to a sizeable 60.5% of AA's average daily trading volume over the past month, of 7.9 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $70 strike highlighted in orange: And Cassava Sciences Inc (Symbol: SAVA) saw options trading volume of 10,765 contracts, representing approximately 1.1 million underlying shares or approximately 59.5% of SAVA's average daily trading volume over the past month, of 1.8 million shares. Below is a chart showing PYPL's trailing twelve month trading history, with the $100 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 47,924 contracts thus far today.
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Especially high volume was seen for the $70 strike put option expiring February 25, 2022, with 8,940 contracts trading so far today, representing approximately 894,000 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $70 strike highlighted in orange: And Cassava Sciences Inc (Symbol: SAVA) saw options trading volume of 10,765 contracts, representing approximately 1.1 million underlying shares or approximately 59.5% of SAVA's average daily trading volume over the past month, of 1.8 million shares. Below is a chart showing PYPL's trailing twelve month trading history, with the $100 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 47,924 contracts thus far today.
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877.0
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2022-02-24 00:00:00 UTC
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Daily Dividend Report: TMO,TXT,BEN,AA,DE
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AA
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https://www.nasdaq.com/articles/daily-dividend-report%3A-tmotxtbenaade
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nan
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nan
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Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.30 per common share, payable on April 14, 2022, to shareholders of record as of March 16, 2022. This reflects a 15% increase over the previous dividend payment of $0.26.
The Board of Directors of Textron today declared a quarterly dividend of $0.02 per share on the company's Common Stock. All dividends will be paid on April 1, 2022 to holders of record at the close of business on March 11, 2022.
Franklin Resources announced a quarterly cash dividend in the amount of $0.29 per share payable on April 14, 2022 to stockholders of record holding shares of common stock at the close of business on March 31, 2022. The quarterly dividend of $0.29 per share is equivalent to the dividend paid for the prior quarter and represents an approximately 4% increase over the quarterly dividend paid for the same quarter last year.
Alcoa today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on March 24, 2022 to stockholders of record as of the close of business on March 8, 2022.
The Deere Board of Directors today declared a regular quarterly dividend of $1.05 per share on the company's common stock. The dividend is payable May 9, 2022 to stockholders of record on March 31, 2022.
VIDEO: Daily Dividend Report: TMO,TXT,BEN,AA,DE
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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VIDEO: Daily Dividend Report: TMO,TXT,BEN,AA,DE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.30 per common share, payable on April 14, 2022, to shareholders of record as of March 16, 2022. The Board of Directors of Textron today declared a quarterly dividend of $0.02 per share on the company's Common Stock.
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VIDEO: Daily Dividend Report: TMO,TXT,BEN,AA,DE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.30 per common share, payable on April 14, 2022, to shareholders of record as of March 16, 2022. Franklin Resources announced a quarterly cash dividend in the amount of $0.29 per share payable on April 14, 2022 to stockholders of record holding shares of common stock at the close of business on March 31, 2022.
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VIDEO: Daily Dividend Report: TMO,TXT,BEN,AA,DE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Franklin Resources announced a quarterly cash dividend in the amount of $0.29 per share payable on April 14, 2022 to stockholders of record holding shares of common stock at the close of business on March 31, 2022. The quarterly dividend of $0.29 per share is equivalent to the dividend paid for the prior quarter and represents an approximately 4% increase over the quarterly dividend paid for the same quarter last year.
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VIDEO: Daily Dividend Report: TMO,TXT,BEN,AA,DE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.30 per common share, payable on April 14, 2022, to shareholders of record as of March 16, 2022. All dividends will be paid on April 1, 2022 to holders of record at the close of business on March 11, 2022.
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878.0
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2022-02-24 00:00:00 UTC
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Best Momentum Stocks to Buy for February 24th
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AA
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https://www.nasdaq.com/articles/best-momentum-stocks-to-buy-for-february-24th
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nan
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nan
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 24th:
Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Alcoa’s shares gained 49.3% over the last three month compared with the S&P 500’s decline of 8.8%. The company possesses a Momentum Score of B.
Alcoa Price
Alcoa price | Alcoa Quote
Trinseo TSE: This materials solutions provider and manufacturer of plastics and latex binders has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
Trinseo PLC Price and Consensus
Trinseo PLC price-consensus-chart | Trinseo PLC Quote
Trinseo’s shares gained 0.9% over the last three month compared with the S&P 500’s decline of 8.8%. The company possesses a Momentum Score of B.
Trinseo PLC Price
Trinseo PLC price | Trinseo PLC Quote
AdvanSix ASIX: This producer and supplier of Nylon 6 materials has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
AdvanSix Price and Consensus
AdvanSix price-consensus-chart | AdvanSix Quote
AdvanSix’s shares gained 0.9% over the last six month compared with the S&P 500’s decline of 4.7%. The company possesses a Momentum Score of A.
AdvanSix Price
AdvanSix price | AdvanSix Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Trinseo PLC (TSE): Free Stock Analysis Report
AdvanSix (ASIX): 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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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 24th: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of B. Trinseo PLC Price Trinseo PLC price | Trinseo PLC Quote AdvanSix ASIX: This producer and supplier of Nylon 6 materials has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 24th: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of B. Alcoa Price Alcoa price | Alcoa Quote Trinseo TSE: This materials solutions provider and manufacturer of plastics and latex binders has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 24th: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of B. Alcoa Price Alcoa price | Alcoa Quote Trinseo TSE: This materials solutions provider and manufacturer of plastics and latex binders has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 24th: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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879.0
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2022-02-24 00:00:00 UTC
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New Strong Buy Stocks for February 24th
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AA
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-february-24th
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nan
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nan
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
AdvanSix ASIX: This producer and supplier of Nylon 6 materials has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
AdvanSix Price and Consensus
AdvanSix price-consensus-chart | AdvanSix Quote
Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Arch Capital Group ACGL: This company that offers insurance, reinsurance and mortgage insurance across the world has seen the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.
Arch Capital Group Ltd. Price and Consensus
Arch Capital Group Ltd. price-consensus-chart | Arch Capital Group Ltd. Quote
Everest Re Group RE: This company that writes property and casualty, reinsurance and insurance in the U.S, Bermuda and international markets has seen the Zacks Consensus Estimate for its current year earnings increasing 4.1% over the last 60 days.
Everest Re Group, Ltd. Price and Consensus
Everest Re Group, Ltd. price-consensus-chart | Everest Re Group, Ltd. Quote
Trinseo TSE: This materials solutions provider and manufacturer of plastics and latex binders has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
Trinseo PLC Price and Consensus
Trinseo PLC price-consensus-chart | Trinseo PLC Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Everest Re Group, Ltd. (RE): Free Stock Analysis Report
Arch Capital Group Ltd. (ACGL): Free Stock Analysis Report
Trinseo PLC (TSE): Free Stock Analysis Report
AdvanSix (ASIX): 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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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: AdvanSix ASIX: This producer and supplier of Nylon 6 materials has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.
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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Alcoa Price and Consensus Alcoa price-consensus-chart | Alcoa Quote Arch Capital Group ACGL: This company that offers insurance, reinsurance and mortgage insurance across the world has seen the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.
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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Alcoa Price and Consensus Alcoa price-consensus-chart | Alcoa Quote Arch Capital Group ACGL: This company that offers insurance, reinsurance and mortgage insurance across the world has seen the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.
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AdvanSix Price and Consensus AdvanSix price-consensus-chart | AdvanSix Quote Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 46.8% over the last 60 days. Alcoa (AA): Free Stock Analysis Report This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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880.0
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2022-02-23 00:00:00 UTC
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Are These Industrial Products Stocks Undervalued Right Now?
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AA
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https://www.nasdaq.com/articles/are-these-industrial-products-stocks-undervalued-right-now-2
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nan
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nan
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.05, while its industry has an average P/E of 11.01. Over the past 52 weeks, AA's Forward P/E has been as high as 20.06 and as low as 6.33, with a median of 9.02.
Investors should also recognize that AA has a P/B ratio of 2.34. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.79. AA's P/B has been as high as 2.34 and as low as 0.78, with a median of 1.53, over the past year.
Investors could also keep in mind Reliance Steel & Aluminum Co. (RS), an Metal Products - Distribution stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Over the last 12 months, RS's P/E has been as high as 16.19, as low as 7.89, with a median of 11.10, and its PEG ratio has been as high as 1.80, as low as 1.21, with a median of 1.57.
Furthermore, Reliance Steel & Aluminum Co. holds a P/B ratio of 1.80 and its industry's price-to-book ratio is 2.79. RS's P/B has been as high as 2.11, as low as 1.51, with a median of 1.72 over the past 12 months.
These are just a handful of the figures considered in Alcoa and Reliance Steel & Aluminum Co.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AA and RS is an impressive value stock right now.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Reliance Steel & Aluminum Co. (RS): 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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One company value investors might notice is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past 52 weeks, AA's Forward P/E has been as high as 20.06 and as low as 6.33, with a median of 9.02.
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Alcoa (AA): Free Stock Analysis Report One company value investors might notice is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
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One company value investors might notice is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past 52 weeks, AA's Forward P/E has been as high as 20.06 and as low as 6.33, with a median of 9.02.
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Investors should also recognize that AA has a P/B ratio of 2.34. One company value investors might notice is Alcoa (AA). AA is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
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881.0
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2022-02-23 00:00:00 UTC
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XME, BTU, AA, ARCH: ETF Inflow Alert
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AA
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https://www.nasdaq.com/articles/xme-btu-aa-arch%3A-etf-inflow-alert
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nan
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nan
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P— Metals & Mining ETF (Symbol: XME) where we have detected an approximate $166.6 million dollar inflow -- that's a 7.3% increase week over week in outstanding units (from 46,400,000 to 49,800,000). Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 8.8%, Alcoa Corporation (Symbol: AA) is off about 0.8%, and Arch Resources Inc (Symbol: ARCH) is up by about 1.8%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average:
Looking at the chart above, XME's low point in its 52 week range is $35.527 per share, with $50.78 as the 52 week high point — that compares with a last trade of $49.49. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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 largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 8.8%, Alcoa Corporation (Symbol: AA) is off about 0.8%, and Arch Resources Inc (Symbol: ARCH) is up by about 1.8%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.527 per share, with $50.78 as the 52 week high point — that compares with a last trade of $49.49. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 8.8%, Alcoa Corporation (Symbol: AA) is off about 0.8%, and Arch Resources Inc (Symbol: ARCH) is up by about 1.8%. For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.527 per share, with $50.78 as the 52 week high point — that compares with a last trade of $49.49. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 8.8%, Alcoa Corporation (Symbol: AA) is off about 0.8%, and Arch Resources Inc (Symbol: ARCH) is up by about 1.8%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P— Metals & Mining ETF (Symbol: XME) where we have detected an approximate $166.6 million dollar inflow -- that's a 7.3% increase week over week in outstanding units (from 46,400,000 to 49,800,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.527 per share, with $50.78 as the 52 week high point — that compares with a last trade of $49.49.
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Among the largest underlying components of XME, in trading today Peabody Energy Corp (Symbol: BTU) is up about 8.8%, Alcoa Corporation (Symbol: AA) is off about 0.8%, and Arch Resources Inc (Symbol: ARCH) is up by about 1.8%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P— Metals & Mining ETF (Symbol: XME) where we have detected an approximate $166.6 million dollar inflow -- that's a 7.3% increase week over week in outstanding units (from 46,400,000 to 49,800,000). For a complete list of holdings, visit the XME Holdings page » The chart below shows the one year price performance of XME, versus its 200 day moving average: Looking at the chart above, XME's low point in its 52 week range is $35.527 per share, with $50.78 as the 52 week high point — that compares with a last trade of $49.49.
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882.0
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2022-02-23 00:00:00 UTC
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Analyst Favorites: Alcoa Corporation Ranks As a Top Metals Pick
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AA
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https://www.nasdaq.com/articles/analyst-favorites%3A-alcoa-corporation-ranks-as-a-top-metals-pick
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nan
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nan
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A study of analyst recommendations at the major brokerages shows that Alcoa Corporation (Symbol: AA) is the #19 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.
From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.
AA operates in the Metals Fabrication & Products sector, among companies like Johnson Controls International plc (JCI) which is off about 0.9% today, and Carrier Global Corp (CARR) trading lower by about 1.5%. Below is a three month price history chart comparing the stock performance of AA, versus JCI and CARR.
AA is currently trading down about 1.1% midday Wednesday.
Analyst Favorites of the Metals Channel Global Mining Titans Index »
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 operates in the Metals Fabrication & Products sector, among companies like Johnson Controls International plc (JCI) which is off about 0.9% today, and Carrier Global Corp (CARR) trading lower by about 1.5%. A study of analyst recommendations at the major brokerages shows that Alcoa Corporation (Symbol: AA) is the #19 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. Below is a three month price history chart comparing the stock performance of AA, versus JCI and CARR.
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A study of analyst recommendations at the major brokerages shows that Alcoa Corporation (Symbol: AA) is the #19 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. AA operates in the Metals Fabrication & Products sector, among companies like Johnson Controls International plc (JCI) which is off about 0.9% today, and Carrier Global Corp (CARR) trading lower by about 1.5%. Below is a three month price history chart comparing the stock performance of AA, versus JCI and CARR.
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A study of analyst recommendations at the major brokerages shows that Alcoa Corporation (Symbol: AA) is the #19 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. AA operates in the Metals Fabrication & Products sector, among companies like Johnson Controls International plc (JCI) which is off about 0.9% today, and Carrier Global Corp (CARR) trading lower by about 1.5%. Below is a three month price history chart comparing the stock performance of AA, versus JCI and CARR.
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A study of analyst recommendations at the major brokerages shows that Alcoa Corporation (Symbol: AA) is the #19 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. AA operates in the Metals Fabrication & Products sector, among companies like Johnson Controls International plc (JCI) which is off about 0.9% today, and Carrier Global Corp (CARR) trading lower by about 1.5%. Below is a three month price history chart comparing the stock performance of AA, versus JCI and CARR.
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883.0
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2022-02-18 00:00:00 UTC
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What Makes Alcoa (AA) a Strong Momentum Stock: Buy Now?
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AA
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https://www.nasdaq.com/articles/what-makes-alcoa-aa-a-strong-momentum-stock%3A-buy-now
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nan
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nan
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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Alcoa (AA), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Alcoa currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if AA is a promising momentum pick, let's examine some Momentum Style elements to see if this bauxite, alumina and aluminum products company holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For AA, shares are up 14.48% over the past week while the Zacks Metal Products - Distribution industry is up 2.62% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 24.85% compares favorably with the industry's 5.64% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Alcoa have increased 51.55% over the past quarter, and have gained 262.07% in the last year. On the other hand, the S&P 500 has only moved -6.26% and 12.92%, respectively.
Investors should also take note of AA's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, AA is averaging 8,250,351 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with AA.
Over the past two months, 4 earnings estimates moved higher compared to 1 lower for the full year. These revisions helped boost AA's consensus estimate, increasing from $5.45 to $8.03 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been 1 downward revision in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that AA is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Alcoa on your short list.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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Below, we take a look at Alcoa (AA), a company that currently holds a Momentum Style Score of B. In order to see if AA is a promising momentum pick, let's examine some Momentum Style elements to see if this bauxite, alumina and aluminum products company holds up. For AA, shares are up 14.48% over the past week while the Zacks Metal Products - Distribution industry is up 2.62% over the same time period.
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Below, we take a look at Alcoa (AA), a company that currently holds a Momentum Style Score of B. In order to see if AA is a promising momentum pick, let's examine some Momentum Style elements to see if this bauxite, alumina and aluminum products company holds up. For AA, shares are up 14.48% over the past week while the Zacks Metal Products - Distribution industry is up 2.62% over the same time period.
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Below, we take a look at Alcoa (AA), a company that currently holds a Momentum Style Score of B. In order to see if AA is a promising momentum pick, let's examine some Momentum Style elements to see if this bauxite, alumina and aluminum products company holds up. For AA, shares are up 14.48% over the past week while the Zacks Metal Products - Distribution industry is up 2.62% over the same time period.
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Below, we take a look at Alcoa (AA), a company that currently holds a Momentum Style Score of B. In order to see if AA is a promising momentum pick, let's examine some Momentum Style elements to see if this bauxite, alumina and aluminum products company holds up. For AA, shares are up 14.48% over the past week while the Zacks Metal Products - Distribution industry is up 2.62% over the same time period.
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884.0
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2022-02-18 00:00:00 UTC
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Alcoa (AA) is an Incredible Growth Stock: 3 Reasons Why
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AA
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https://www.nasdaq.com/articles/alcoa-aa-is-an-incredible-growth-stock%3A-3-reasons-why
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nan
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nan
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Alcoa (AA) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this bauxite, alumina and aluminum products company a great growth pick right now.
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Alcoa is 6.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.5% this year, crushing the industry average, which calls for EPS growth of 14%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Alcoa is 347.7%, which is higher than many of its peers. In fact, the rate compares to the industry average of 30.5%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 31.9% over the past 3-5 years versus the industry average of 30.3%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Alcoa. The Zacks Consensus Estimate for the current year has surged 23.9% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Alcoa a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Alcoa is a potential outperformer and a solid choice for growth investors.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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Alcoa (AA) is on the list of such stocks currently recommended by our proprietary system. Alcoa (AA): Free Stock Analysis Report Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
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Alcoa (AA) is on the list of such stocks currently recommended by our proprietary system. Alcoa (AA): Free Stock Analysis Report However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
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Alcoa (AA) is on the list of such stocks currently recommended by our proprietary system. Alcoa (AA): Free Stock Analysis Report However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
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Alcoa (AA) is on the list of such stocks currently recommended by our proprietary system. Alcoa (AA): Free Stock Analysis Report The company's annualized cash flow growth rate has been 31.9% over the past 3-5 years versus the industry average of 30.3%.
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885.0
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2022-02-17 00:00:00 UTC
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Bull of the Day: Alcoa Corp. (AA)
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AA
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https://www.nasdaq.com/articles/bull-of-the-day%3A-alcoa-corp.-aa
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nan
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nan
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Alcoa Corporation AA, a Zacks Rank #1 (Strong Buy), has surged nearly 1,400% since the March 2020 bottom after dropping to roughly $5/share at the trough of the pandemic-induced market plunge. Only the best companies that are experiencing stellar revenue and earnings growth are able to make this type of price move. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year.
Alcoa boasts the highest Zacks Momentum Style Score of ‘A’. The company is a component of the Zacks Metal Products – Distribution industry, which ranks in the top 22% of all Zacks Ranked Industries. This industry holds several attractive characteristics as shown below:
Image Source: Zacks Investment Research
Quantitative research studies have repeatedly shown that roughly half of a stock’s future price appreciation is due to its industry grouping. By targeting stocks contained within top industry groups, investors can dramatically improve their rate of success. The Metal Products – Distribution industry is part of the Zacks Industrial Products sector, which ranks in the top 44% of all 16 Zacks Ranked Sectors.
Company Description
Alcoa produces and sells bauxite, alumina, and aluminum products globally. Its business segments revolve around these three materials. AA engages in mining operations, processing bauxite into alumina and selling it to industrial customers. The metals producer also offers primary aluminum to customers that are involved in the transportation, construction, and packaging markets. In addition, AA owns hydro power plants that produce and sell electricity.
Alcoa’s founding traces back to 1888 in Pittsburgh, PA where the company is currently headquartered. AA completed its separation from its parent company in November 2016 and subsequently began operating as an independent, publicly-traded company listed on the New York Stock Exchange.
Recent Earnings and Future Estimates
Alcoa has exceeded earnings estimates in each of the past eight quarters. AA’s most recent announcement came in January when the company reported Q4 EPS of $2.50, a +22.55% surprise over the $2.04 consensus. This compares quite favorably to EPS of $0.26 in the same quarter in 2020.
Despite the impressive performance, analysts are still raising earnings estimates for the company. Current quarter (Q1) estimates have been increased by 39.55% in the past 60 days to $2.47. If AA is able to simply match this estimate, the metals producer will have achieved year-over-year quarterly EPS growth of 212.66%. Sales are expected to climb 17.28% to $3.37 billion.
Analysts covering AA have also upped their ‘22 full-year EPS estimates by 47.34% in the past 60 days. The Zacks Consensus Estimate now stands at $8.03, translating to growth of 17.57% relative to last year. Alcoa’s next earnings announcement is slated for April 21st.
Charting the Course
Alcoa has delivered an average earnings surprise of +27.08% over the past four quarters, helping the stock advance nearly 250% in the past year. The price ascent has not slowed down in 2022, with shares advancing over 30% while the S&P 500 has fallen more than 6%.
Notice how both the 50 and 200-day moving averages are sloping up in the chart below, evidenced by the red and purple lines, respectively. The stock does appear extended in the short-term, and bullish investors may consider waiting for a slight pullback before initiating a new purchase.
Image Source: TradingView
However, empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. And as we know, Alcoa has seen a steady batch of positive revisions as of late. As long as this trend remains intact (and AA continues to post earnings beats), the stock should continue its bullish move this year.
Image Source: Zacks Investment Research
Near-Term Outlook
Despite the massive price run, AA currently trades at just a 9.22 forward P/E. Looking at a host of metrics, the valuation picture looks constructive for the bulls:
Image Source: Zacks Investment Research
Bauxite, which is at the heart of Alcoa’s business, is the world’s main source of aluminum. AA is benefitting from an overall uptrend in bauxite and aluminum as we can see below:
Image Source: Federal Reserve Bank of St. Louis; U.S. Bureau of Labor Statistics
Inflation worries continue to persist as recent readings have come in well above expectations. There isn’t really an end in sight as the Fed will now need to play catchup in an attempt to halt the immense price increases. I think we can call agree that they’re playing from way behind at this point.
Bottom Line
With a maximum ‘A’ Zacks overall VGM score and a constant tailwind provided by a leading industry group and sector combination, it’s not difficult to see why AA is a compelling investment. Robust sales and earnings growth along with a strong technical trend certainly justify adding shares to the mix. Recent positive earnings estimate revisions should also serve to create a ‘floor’ regarding any sudden or unexpected downside moves. If you haven’t already done so, make sure to put AA on your shortlist.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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 Corporation AA, a Zacks Rank #1 (Strong Buy), has surged nearly 1,400% since the March 2020 bottom after dropping to roughly $5/share at the trough of the pandemic-induced market plunge. Bottom Line With a maximum ‘A’ Zacks overall VGM score and a constant tailwind provided by a leading industry group and sector combination, it’s not difficult to see why AA is a compelling investment. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year.
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Image Source: Zacks Investment Research Near-Term Outlook Despite the massive price run, AA currently trades at just a 9.22 forward P/E. Alcoa Corporation AA, a Zacks Rank #1 (Strong Buy), has surged nearly 1,400% since the March 2020 bottom after dropping to roughly $5/share at the trough of the pandemic-induced market plunge. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year.
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Alcoa Corporation AA, a Zacks Rank #1 (Strong Buy), has surged nearly 1,400% since the March 2020 bottom after dropping to roughly $5/share at the trough of the pandemic-induced market plunge. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year. AA engages in mining operations, processing bauxite into alumina and selling it to industrial customers.
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AA’s most recent announcement came in January when the company reported Q4 EPS of $2.50, a +22.55% surprise over the $2.04 consensus. Alcoa Corporation AA, a Zacks Rank #1 (Strong Buy), has surged nearly 1,400% since the March 2020 bottom after dropping to roughly $5/share at the trough of the pandemic-induced market plunge. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year.
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886.0
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2022-02-17 00:00:00 UTC
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Alcoa Corporation and First Solar highlighted as Zacks Bull and Bear of the Day
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AA
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https://www.nasdaq.com/articles/alcoa-corporation-and-first-solar-highlighted-as-zacks-bull-and-bear-of-the-day
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nan
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nan
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For Immediate Release
Chicago, IL – February 17, 2022 – Zacks Equity Research Shares Alcoa Corporation AA as the Bull of the Day, First Solar FSLR asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on NVIDIA NVDA, Cisco Systems CSCO and DoorDash DASH.
Here is a synopsis of all five stocks:
Bull of the Day:
Alcoa Corporation, a Zacks Rank #1 (Strong Buy), has surged nearly 1,400% since the March 2020 bottom after dropping to roughly $5/share at the trough of the pandemic-induced market plunge. Only the best companies that are experiencing stellar revenue and earnings growth are able to make this type of price move. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year.
Alcoa boasts the highest Zacks Momentum Style Score of ‘A’. The company is a component of the Zacks Metal Products – Distribution industry, which ranks in the top 22% of all Zacks Ranked Industries.
Quantitative research studies have repeatedly shown that roughly half of a stock’s future price appreciation is due to its industry grouping. By targeting stocks contained within top industry groups, investors can dramatically improve their rate of success. The Metal Products – Distribution industry is part of the Zacks Industrial Products sector, which ranks in the top 44% of all 16 Zacks Ranked Sectors.
Company Description
Alcoa produces and sells bauxite, alumina, and aluminum products globally. Its business segments revolve around these three materials. AA engages in mining operations, processing bauxite into alumina and selling it to industrial customers. The metals producer also offers primary aluminum to customers that are involved in the transportation, construction, and packaging markets. In addition, AA owns hydro power plants that produce and sell electricity.
Alcoa’s founding traces back to 1888 in Pittsburgh, PA where the company is currently headquartered. AA completed its separation from its parent company in November 2016 and subsequently began operating as an independent, publicly-traded company listed on the New York Stock Exchange.
Recent Earnings and Future Estimates
Alcoa has exceeded earnings estimates in each of the past eight quarters. AA’s most recent announcement came in January when the company reported Q4 EPS of $2.50, a +22.55% surprise over the $2.04 consensus. This compares quite favorably to EPS of $0.26 in the same quarter in 2020.
Despite the impressive performance, analysts are still raising earnings estimates for the company. Current quarter (Q1) estimates have been increased by 39.55% in the past 60 days to $2.47. If AA is able to simply match this estimate, the metals producer will have achieved year-over-year quarterly EPS growth of 212.66%. Sales are expected to climb 17.28% to $3.37 billion.
Analysts covering AA have also upped their ‘22 full-year EPS estimates by 47.34% in the past 60 days. The Zacks Consensus Estimate now stands at $8.03, translating to growth of 17.57% relative to last year. Alcoa’s next earnings announcement is slated for April 21st.
Charting the Course
Alcoa has delivered an average earnings surprise of +27.08% over the past four quarters, helping the stock advance nearly 250% in the past year. The price ascent has not slowed down in 2022, with shares advancing over 30% while the S&P 500 has fallen more than 6%.
Notice how both the 50 and 200-day moving averages are sloping up in the chart below, evidenced by the red and purple lines, respectively. The stock does appear extended in the short-term, and bullish investors may consider waiting for a slight pullback before initiating a new purchase.
However, empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. And as we know, Alcoa has seen a steady batch of positive revisions as of late. As long as this trend remains intact (and AA continues to post earnings beats), the stock should continue its bullish move this year.
Near-Term Outlook
Despite the massive price run, AA currently trades at just a 9.22 forward P/E. The valuation picture looks constructive for the bulls.
Bauxite, which is at the heart of Alcoa’s business, is the world’s main source of aluminum. AA is benefitting from an overall uptrend in bauxite and aluminum.
Inflation worries continue to persist as recent readings have come in well above expectations. There isn’t really an end in sight as the Fed will now need to play catchup in an attempt to halt the immense price increases. I think we can call agree that they’re playing from way behind at this point.
Bottom Line
With a maximum ‘A’ Zacks overall VGM score and a constant tailwind provided by a leading industry group and sector combination, it’s not difficult to see why AA is a compelling investment. Robust sales and earnings growth along with a strong technical trend certainly justify adding shares to the mix. Recent positive earnings estimate revisions should also serve to create a ‘floor’ regarding any sudden or unexpected downside moves. If you haven’t already done so, make sure to put AA on your shortlist.
Bear of the Day:
First Solar is a global provider of photovoltaic (PV) solar energy solutions. The company operates in two segments – Modules and Systems. The Modules segment designs and manufactures solar modules that convert sunlight into electricity, driving integrators and operators of PV solar power systems. Its Systems segment offers power plant solutions including project development, engineering, procurement, and maintenance servers geared to utility and industrial companies. First Solar was founded in 1999 and is based out of Tempe, AZ.
The Zacks Rundown
FSLR, a Zacks Rank #5 (Strong Sell), experienced a climax top in late October of last year and has been in a price downtrend for the past several months. The stock is hitting a series of new 52-week lows and represents a compelling short opportunity as the market continues its volatile start to the year.
FSLR is a component of the Zacks Solar industry which ranks in the bottom 13% of all Zacks Ranked Industries. Our proprietary historical research has shown that stocks in the bottom half of industry groups underperform the top half by a factor of more than 2 to 1. As such, we expect this industry group to underperform the market over the next three to six months. Candidates in the worst-performing industries can often represent good shorting opportunities, as their industry association provides a headwind to any rally attempts.
The Past and Present: Earnings History and Forecasts
Earnings misses have been a sore spot for First Solar in recent years. The solar provider has fallen short of estimates in seven of the past twelve quarters. FSLR most recently reported Q3 EPS back in November of $0.42, missing the $0.63 consensus estimate by -33.33%.
First Solar is scheduled to report Q4 earnings on March 1st. Analysts are expecting EPS of $1.07, which would translate to negative growth of -0.93% relative to the same quarter in the prior year. The situation looks even more dire for the current quarter as analysts have reduced their estimates by -19.05% in the past 60 days. The Q1 Zacks Consensus EPS estimate now sits at $0.34, marking an -82.65% regression versus the first quarter last year. Sales are anticipated to fall -19.61% to $645.79 million.
Looking into 2022, analysts covering FSLR are in agreement and have condensed their full-year EPS estimates by -16.51% during the past two months. The Zacks Consensus Estimate is now $1.77, reflecting a -57.98% reduction in yearly EPS. Sales are seen falling by -6.01% to $2.75 billion.
Consensus earnings estimates have been weakening along with the stock, a good sign for the bears.
Technical Outlook
FSLR stock has been steadily falling since late last year and have now established a well-defined downtrend. Notice how both the 50-day (red line) and 200-day (purple line) moving averages are sloping down. The stock continues to trade below both averages, while the 50-day moving average has acted as steady resistance throughout the down move.
First Solar has continued its descent into the new year, with shares falling nearly 18%. Even with the recent price decline, the stock is still relatively overvalued which could continue to hurt performance in the short-term:
Final Thoughts
A variety of headwinds such as pandemic-related delays and shortages as well as unfavorable changes in import tariffs for solar products may continue to hurt the stock. A history of earnings misses and deteriorating sales and earnings estimates are a huge red flag and need to be respected. These will likely serve as a ceiling to any potential rallies, nurturing the stock’s downtrend.
FSLR’s characteristics have resulted in a Zacks Momentum Style Score of ‘C’ and an overall ‘D’ VGM score. The company is part of an industry group that ranks in the bottom 13% of all Zacks Ranked Industries. Potential investors will want to steer clear of FSLR until the situation shows drastic signs of improvement, or possibly include it as part of a short or hedge strategy.
Additional content:
Mixed Wednesday on Ukraine, Fed Minutes; NVDA, CSCO Beat, DASH +30%
We found ourselves with a mixed day in the market indexes Wednesday, and fairly flat compared to the volatility we’ve grown used to over the past few months. The Dow, which had been -346 points at the low during the session, finished -53 points, -0.15%; the Nasdaq was -0.11% on the day; the S&P 500 posted a slight gain of +0.09% and is now within 7% of its all-time high; and the Russell 2000 brought the small-caps higher than their counterparts yesterday, +0.14%.
Minutes from the latest meeting from the Federal Open Market Committee (FOMC) in late January show several members clearly concerned about inflation tripping the economy in the near term. This was before many of the 40-year highs in inflation metrics had been announced in the past week or two. The committee also expressed interest in winding down the bond portfolio in a substantial way.
Yet the Fed decided to keep the taper ongoing, with $20 billion in Treasury-bill purchases and $30 billion mortgage-backed securities continuing to backstop the economy.
The FOMC message was, “A significant reduction in the size of the [$9 trillion] balance sheet [would be] appropriate.” Continuing loose monetary policy is considered to carry major risks; that much was in agreement across the voting members.
After Wednesday's market close, Zacks Rank #2 (Buy)-rated NVIDIA beat expectations on top and bottom lines for its Q4, extending an excellent track record that has shown only one earnings miss in more than five years. Earnings of $1.32 per share outpaced the Zacks consensus by a solid dime, while sales of $7.64 billion in the quarter sped past the $7.43 billion analysts had been expecting.
Exceptional demand in both Gaming (+61% year over year) and Data Center (+60%), along with more products and applications coming down the pike, are helping keep NVIDIA strong, despite its slight sell-off on the news. Though the stock is down -12% year to date, it’s still up nearly +78% from a year ago and almost +900% from this time in 2017. The stock is off the near-term lows in late January, when NVDA shares sold at $219.44 per share.
Cisco Systems shares are up more than +5% on its beat on both top and bottom lines Wednesday afternoon, as well. Earnings of 84 cents per share outpaced estimates by 3 cents, while revenues came in at $12.72 billion for the quarter, higher than the $12.65 billion expected. Also, a $15 billion share buyback program was announced, along with a one-cent (+3%) increase in its dividend yield.
The big winner after-hours was DoorDash. +30% in late trading on a mixed Q4 report after the bell. A bottom-line loss of -45 cents per share was worse than the -28 cents expected, but still a considerable improvement from the -$2.67 per share reported a year ago. Sales of $1.30 billion surpassed the $1.27 billion expected. Short-covering looks to be keeping this stock much higher in after hours; at $123 per share it’s still about half of its trading level back in November of last year.
Questions or comments about this article and/or its author? Click here>>
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
First Solar, Inc. (FSLR): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
DoorDash, Inc. (DASH): 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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For Immediate Release Chicago, IL – February 17, 2022 – Zacks Equity Research Shares Alcoa Corporation AA as the Bull of the Day, First Solar FSLR asthe Bear of the Day. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year. AA engages in mining operations, processing bauxite into alumina and selling it to industrial customers.
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For Immediate Release Chicago, IL – February 17, 2022 – Zacks Equity Research Shares Alcoa Corporation AA as the Bull of the Day, First Solar FSLR asthe Bear of the Day. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year. AA engages in mining operations, processing bauxite into alumina and selling it to industrial customers.
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For Immediate Release Chicago, IL – February 17, 2022 – Zacks Equity Research Shares Alcoa Corporation AA as the Bull of the Day, First Solar FSLR asthe Bear of the Day. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year. AA engages in mining operations, processing bauxite into alumina and selling it to industrial customers.
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Alcoa (AA): Free Stock Analysis Report For Immediate Release Chicago, IL – February 17, 2022 – Zacks Equity Research Shares Alcoa Corporation AA as the Bull of the Day, First Solar FSLR asthe Bear of the Day. AA stock is currently hitting all-time highs even as the market has taken a breather to kick off the new year.
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887.0
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2022-02-16 00:00:00 UTC
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Best Momentum Stocks to Buy for February 16th
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AA
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https://www.nasdaq.com/articles/best-momentum-stocks-to-buy-for-february-16th
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nan
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nan
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 16th:
Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Alcoa’s shares gained 54.5% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a Momentum Score of A.
Alcoa Price
Alcoa price | Alcoa Quote
Everest Re Group RE: This company that writes property and casualty, reinsurance and insurance in the U.S, Bermuda and international markets has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
Everest Re Group, Ltd. Price and Consensus
Everest Re Group, Ltd. price-consensus-chart | Everest Re Group, Ltd. Quote
Everest Re Group’s shares gained 8.1% over the last three month compared with the S&P 500’s decline of 6.4%. The company possesses a Momentum Score of B.
Everest Re Group, Ltd. Price
Everest Re Group, Ltd. price | Everest Re Group, Ltd. Quote
Hub Group HUBG: This transportation management company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.3% over the last 60 days.
Hub Group, Inc. Price and Consensus
Hub Group, Inc. price-consensus-chart | Hub Group, Inc. Quote
Hub Group’s shares gained 19.3% over the last six month compared with the S&P 500’s decline of 1.3%. The company possesses a Momentum Score of A.
Hub Group, Inc. Price
Hub Group, Inc. price | Hub Group, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Everest Re Group, Ltd. (RE): Free Stock Analysis Report
Hub Group, Inc. (HUBG): 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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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 16th: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of A. Alcoa Price Alcoa price | Alcoa Quote Everest Re Group RE: This company that writes property and casualty, reinsurance and insurance in the U.S, Bermuda and international markets has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 16th: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Everest Re Group, Ltd. Price and Consensus Everest Re Group, Ltd. price-consensus-chart | Everest Re Group, Ltd. Quote Everest Re Group’s shares gained 8.1% over the last three month compared with the S&P 500’s decline of 6.4%.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 16th: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of A. Alcoa Price Alcoa price | Alcoa Quote Everest Re Group RE: This company that writes property and casualty, reinsurance and insurance in the U.S, Bermuda and international markets has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 16th: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report The company possesses a Momentum Score of B. Everest Re Group, Ltd. Price Everest Re Group, Ltd. price | Everest Re Group, Ltd. Quote Hub Group HUBG: This transportation management company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.3% over the last 60 days.
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888.0
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2022-02-16 00:00:00 UTC
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Earnings Estimates Moving Higher for Alcoa (AA): Time to Buy?
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AA
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https://www.nasdaq.com/articles/earnings-estimates-moving-higher-for-alcoa-aa%3A-time-to-buy
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nan
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nan
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Alcoa (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.
The upward trend in estimate revisions for this bauxite, alumina and aluminum products company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Alcoa, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
Current-Quarter Estimate Revisions
The earnings estimate of $2.47 per share for the current quarter represents a change of +212.66% from the number reported a year ago.
Over the last 30 days, the Zacks Consensus Estimate for Alcoa has increased 19.61% because two estimates have moved higher while one has gone lower.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $8.03 per share represents a change of +17.57% from the year-ago number.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for Alcoa. Over the past month, three estimates have moved higher compared to two negative revisions, helping the consensus estimate increase 23.89%.
Favorable Zacks Rank
Thanks to promising estimate revisions, Alcoa currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
While strong estimate revisions for Alcoa have attracted decent investments and pushed the stock 23.3% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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Alcoa (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. Alcoa (AA): Free Stock Analysis Report While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.
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Alcoa (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. Alcoa (AA): Free Stock Analysis Report Current-Quarter Estimate Revisions The earnings estimate of $2.47 per share for the current quarter represents a change of +212.66% from the number reported a year ago.
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Alcoa (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. Alcoa (AA): Free Stock Analysis Report The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
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Alcoa (AA) could be a solid choice for investors given the company's remarkably improving earnings outlook. Alcoa (AA): Free Stock Analysis Report For Alcoa, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
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889.0
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2022-02-16 00:00:00 UTC
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Is Alcoa (AA) Outperforming Other Industrial Products Stocks This Year?
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AA
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https://www.nasdaq.com/articles/is-alcoa-aa-outperforming-other-industrial-products-stocks-this-year
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nan
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nan
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Alcoa (AA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Alcoa is a member of our Industrial Products group, which includes 224 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Alcoa is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AA has gained about 24.3% so far this year. At the same time, Industrial Products stocks have lost an average of 7%. As we can see, Alcoa is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Reliance Steel (RS). The stock is up 2.8% year-to-date.
For Reliance Steel, the consensus EPS estimate for the current year has increased 8.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Alcoa belongs to the Metal Products - Distribution industry, a group that includes 6 individual companies and currently sits at #55 in the Zacks Industry Rank. On average, this group has gained an average of 11% so far this year, meaning that AA is performing better in terms of year-to-date returns. Reliance Steel is also part of the same industry.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Alcoa and Reliance Steel as they could maintain their solid performance.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
Reliance Steel & Aluminum Co. (RS): 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.
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Is Alcoa (AA) one of those stocks right now? Over the past three months, the Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher. Based on the latest available data, AA has gained about 24.3% so far this year.
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Alcoa (AA): Free Stock Analysis Report Is Alcoa (AA) one of those stocks right now? Over the past three months, the Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher.
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Is Alcoa (AA) one of those stocks right now? Over the past three months, the Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher. Based on the latest available data, AA has gained about 24.3% so far this year.
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On average, this group has gained an average of 11% so far this year, meaning that AA is performing better in terms of year-to-date returns. Is Alcoa (AA) one of those stocks right now? Over the past three months, the Zacks Consensus Estimate for AA's full-year earnings has moved 20% higher.
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890.0
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2022-02-16 00:00:00 UTC
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New Strong Buy Stocks for February 16th
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AA
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-february-16th
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nan
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nan
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days.
Alcoa Price and Consensus
Alcoa price-consensus-chart | Alcoa Quote
Everest Re Group RE: This company that writes property and casualty, reinsurance and insurance in the U.S, Bermuda and international markets has seen the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.
Everest Re Group, Ltd. Price and Consensus
Everest Re Group, Ltd. price-consensus-chart | Everest Re Group, Ltd. Quote
Exxon Mobil XOM: This company which has a bellwether status in the energy space has seen the Zacks Consensus Estimate for its current year earnings increasing 15.1% over the last 60 days.
Exxon Mobil Corporation Price and Consensus
Exxon Mobil Corporation price-consensus-chart | Exxon Mobil Corporation Quote
Hub Group HUBG: This transportation management company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.3% over the last 60 days.
Hub Group, Inc. Price and Consensus
Hub Group, Inc. price-consensus-chart | Hub Group, Inc. Quote
Titan International TWI: This leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products has seen the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.
Titan International, Inc. Price and Consensus
Titan International, Inc. price-consensus-chart | Titan International, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Exxon Mobil Corporation (XOM): Free Stock Analysis Report
Alcoa (AA): Free Stock Analysis Report
Everest Re Group, Ltd. (RE): Free Stock Analysis Report
Titan International, Inc. (TWI): Free Stock Analysis Report
Hub Group, Inc. (HUBG): 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.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Everest Re Group, Ltd. Price and Consensus Everest Re Group, Ltd. price-consensus-chart | Everest Re Group, Ltd. Quote Exxon Mobil XOM: This company which has a bellwether status in the energy space has seen the Zacks Consensus Estimate for its current year earnings increasing 15.1% over the last 60 days.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Everest Re Group, Ltd. Price and Consensus Everest Re Group, Ltd. price-consensus-chart | Everest Re Group, Ltd. Quote Exxon Mobil XOM: This company which has a bellwether status in the energy space has seen the Zacks Consensus Estimate for its current year earnings increasing 15.1% over the last 60 days.
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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Alcoa AA: This global industry leader in bauxite, alumina and aluminum products has seen the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days. Alcoa (AA): Free Stock Analysis Report Hub Group, Inc. Price and Consensus Hub Group, Inc. price-consensus-chart | Hub Group, Inc. Quote Titan International TWI: This leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products has seen the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.
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891.0
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2022-02-14 00:00:00 UTC
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Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
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AA
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https://www.nasdaq.com/articles/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick-14
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nan
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nan
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Alcoa (AA)
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): 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.
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Stock to Watch: Alcoa (AA) Alcoa (AA): Free Stock Analysis Report Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
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Stock to Watch: Alcoa (AA) Alcoa (AA): Free Stock Analysis Report Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
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Stock to Watch: Alcoa (AA) Alcoa (AA): Free Stock Analysis Report Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
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Stock to Watch: Alcoa (AA) Alcoa (AA): Free Stock Analysis Report The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
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892.0
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2022-02-14 00:00:00 UTC
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3 Inflation Stocks to Hedge Rising Prices
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AA
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https://www.nasdaq.com/articles/3-inflation-stocks-to-hedge-rising-prices
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The drumbeat of red-hot inflation prints continued last week, with the latest consumer price data revealing the highest annual rise since February 1982. The 7.5% surge in prices sent ripples across risk assets, battering some but boosting others. Inflation stocks, or those that benefit from rising prices, continue to attract followers as investors look for ways to game the strengthening trend.
7 Industrial Stocks to Buy as Tech Stocks Tumble
From a sector perspective, energy and basic materials have done well during inflationary environments. Climbing commodity prices provide a tailwind for companies in both sectors. While oil drives energy stocks, the cost of copper, steel, aluminum and the like supports material companies. The technical posture of both sector charts also makes them stand above the rest.
Here are three stocks that should continue to benefit from inflation fears:
Freeport-McMoran (NYSE:FCX)
Alcoa (NYSE:AA)
Schlumberger (NYSE:SLB)
Their charts offer relative strength and powerful uptrends. So let’s take a closer look and build an options trade to profit.
Inflation Stocks: Freeport McMoran (FCX)
Source: The thinkorswim® platform from TD Ameritrade
Copper prices scored a rousing breakout last Wednesday. The pop brought fresh buyers into Freeport-McMoran, returning prices to the old resistance zone at $46.
Many traders use FCX as a proxy for copper in the stock market due to the strong correlation between the two. Volume swelled during the ascent, adding legitimacy and increasing the likelihood it sticks. We’re above all major moving averages, so any weakness should get bought.
Because of its higher volatility and lower share price, FCX is a quality candidate for option selling strategies like naked puts. You can capture a high return on investment and a wide profit range.
The Trade: Sell the March $35 naked put for 55 cents.
Consider this a bet that FCX sits above $35 in a month. If it does, you’ll pocket the 55 cent credit.
Alcoa (AA)
Source: The thinkorswim® platform from TD Ameritrade
Outside of the energy sector, very few stocks closed in the green on Friday. Alcoa was one of them. The aluminum giant rose to its highest level since 2008. Importantly, it’s broken out of a 13-year trading range, which says something about just how bullish sentiment is now.
The comeback from 2020 has been astounding. Alcoa was a single-digit stock at the March lows of that year. Now it’s rocketing to the moon.
7 Industrial Stocks to Buy as Tech Stocks Tumble
Prices are extended in the short run and could see a pause or pullback to allow the 20-day moving average catch-up. I’d be a buyer in either case. Bull call spreads offer a limited risk path to profits.
The Trade: Buy the April $75/$85 call vertical spread for $3.25.
You’re risking $3.25 to make $6.75 if AA stock climbs to $85.
Inflation Stocks: Schlumberger (SLB)
Source: The thinkorswim® platform from TD Ameritrade
The final pitch for today’s inflation stocks is Schlumberger. The oil services company has been riding high alongside oil.
The trend is up and to the right, climbing above all moving averages. Over the past three weeks, a high base pattern has formed, allowing overbought pressures to ease and an easy tradable setup to develop.
Watch for a breakout over $41 to complete the base and trigger the next advance has begun. It may seem like SLB stock has already risen a long way, but this used to be a $100-plus stock, so there’s plenty of gas in the tank if oil holds up.
The Trade: Buy the May $40/$47.50 bull call spread for $2.15.
The risk is $2.15, and the reward is $5.35.
On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
For a free trial to the best trading community on the planet and Tyler’s current home, click here!
The post 3 Inflation Stocks to Hedge Rising Prices appeared first on InvestorPlace.
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 three stocks that should continue to benefit from inflation fears: Freeport-McMoran (NYSE:FCX) Alcoa (NYSE:AA) Schlumberger (NYSE:SLB) Their charts offer relative strength and powerful uptrends. Alcoa (AA) Source: The thinkorswim® platform from TD Ameritrade Outside of the energy sector, very few stocks closed in the green on Friday. You’re risking $3.25 to make $6.75 if AA stock climbs to $85.
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Here are three stocks that should continue to benefit from inflation fears: Freeport-McMoran (NYSE:FCX) Alcoa (NYSE:AA) Schlumberger (NYSE:SLB) Their charts offer relative strength and powerful uptrends. Alcoa (AA) Source: The thinkorswim® platform from TD Ameritrade Outside of the energy sector, very few stocks closed in the green on Friday. You’re risking $3.25 to make $6.75 if AA stock climbs to $85.
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Here are three stocks that should continue to benefit from inflation fears: Freeport-McMoran (NYSE:FCX) Alcoa (NYSE:AA) Schlumberger (NYSE:SLB) Their charts offer relative strength and powerful uptrends. Alcoa (AA) Source: The thinkorswim® platform from TD Ameritrade Outside of the energy sector, very few stocks closed in the green on Friday. You’re risking $3.25 to make $6.75 if AA stock climbs to $85.
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You’re risking $3.25 to make $6.75 if AA stock climbs to $85. Here are three stocks that should continue to benefit from inflation fears: Freeport-McMoran (NYSE:FCX) Alcoa (NYSE:AA) Schlumberger (NYSE:SLB) Their charts offer relative strength and powerful uptrends. Alcoa (AA) Source: The thinkorswim® platform from TD Ameritrade Outside of the energy sector, very few stocks closed in the green on Friday.
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893.0
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2022-02-12 00:00:00 UTC
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3 Stocks That Could Sabotage Your Portfolio
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AA
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https://www.nasdaq.com/articles/3-stocks-that-could-sabotage-your-portfolio
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nan
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nan
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The market may not thrive this year. Impending interest rate hikes meant to curb rampant inflation obviously don't help the bull case, but it's difficult to deny earnings are bouncing back from their pandemic lull. By and large, it doesn't seem stocks are in serious trouble right now with the worst-case scenario being a bit of temporary turbulence.
There are a handful of stocks, however, that pose considerably more risk to shareholders than the average ticker does at this time. If you currently own -- or are thinking about buying -- any of these three names, just make sure you fully understand their unique, inherent risks.
GameStop
One of the original meme stocks, GameStop (NYSE: GME) shares soared in early 2021 in what looked like a combination of a short squeeze and speculation on that short squeeze. The stock remained volatile for the remainder of the year but mostly held onto its gains ...
... at least until now. The stock's 50% pullback from November's high dragged shares to new multi-month lows, and there's still more meme-stock hype to be wrung out of this stock. More to the point, without any clarity regarding the company's turnaround plan, investors are prone to lose interest in supporting this stock's still-lofty price.
Image source: Getty Images.
Some people will rightfully point out that activist investor, GameStop chairman, and major GameStop shareholder Ryan Cohen has said he intends to remake the video game retailer into a proverbial Amazon of the video game market. The company's also wading into the NFT (non-fungible token) arena where it will facilitate the buying and selling of digital images, videos, and even sounds.
The problem is, Cohen effectively took control of GameStop in the middle of last year, and there's still no discernible plan as to how the game retailer is going to shake up its industry. It's still mostly reliant on a brick-and-mortar presence that, as game downloads continue to grow, is less and less important to gamers. Despite the broad economic rebound, the company's revenue through the first three quarters of fiscal 2021 was 12% lower than where it was at the same point in 2019. And while NFTs are an interesting development, they're also an arbitrary, unproven concept with difficult-to-define value.
GameStop stock's sizable slide over the course of the past three months suggests investors are starting to sense there's no actual, reliable, and believable turnaround plan in place.
Alcoa
Anyone that keeps tabs on the materials sector may already know metal prices -- aluminum in particular -- are soaring. Indeed, aluminum's spot prices just hit a record high of around $1.96 per pound, boosted by a combination of fresh demand and waning supply. Shares of aluminum supplier Alcoa (NYSE: AA) are soaring too, setting a fresh post-split high of $73.72 just this week. Forecasters expect the supply shortage to linger well into this year with the costs of the energy needed to smelt and refine the metal still too high to justify expanding its output. Many production plants are also still shuttered due to COVID.
So why, pray tell, would an investor want to steer clear or get out of a stock that's performing so well?
Basic industrial metals are a tricky business. This is particularly true of metals that require a massive amount of energy-consuming heat (like aluminum) to work with. Nothing cures aluminum supply shortages like irresistible prices, and at the same time, nothing works against sky-high energy costs that force smelters and refiners to look for cheaper alternative means of producing industrial-grade metal materials.
In other words, the aluminum business is a highly cyclical one, yet few people ever see the ebbs and flows coming. The 1,200% rally of Alcoa shares from its early 2020 low may be an "as good as it gets" moment for a long, long while.
Dillard's
Finally, add department store chain Dillard's (NYSE: DDS) to the list of stocks that could sabotage your portfolio.
To its credit, Dillard's is digging its way out of the hole the pandemic put it in. Its comparable retail sales were up 48% year over year in the third quarter, driving an even bigger improvement on its bottom line and extending an impressive growth streak. Expect more growth going forward too as consumers slowly but surely ease back into their shopping habits established before the coronavirus contagion took hold. Dillard's stock has rallied too, from 2020's low near $24 per share to the current price of $261, and it was trading above $400 as recently as November. That's incredible.
The problem? The department store business was already in a steep decline well before the pandemic. According to data from the Census Bureau, the United States department store industry's revenue peaked at $231 billion back in the year 2000 and has steadily fallen ever since. In pre-COVID 2019, this segment of the retail market only generated $135 billion worth of business. Nothing about this headwind has changed in the meantime.
Well, there's considerably less competition now, to be clear, and Dillard's has embraced the internet rather than continuing to lose business to online competitors. The fact of the matter is, this company is still heavily reliant on brick-and-mortar stores that are operating in an ever-shrinking market, and the stock's still somehow closer to last year's record highs than it is to its pre-pandemic lows. Something's apt to give sooner than later, once shareholders start asking more serious questions about the company's long-term plans.
10 stocks we like better than GameStop
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They just revealed what they believe are the ten best stocks for investors to buy right now... and GameStop wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 20, 2022
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. James Brumley has no position in any of the stocks mentioned. The Motley Fool owns and recommends Amazon. The Motley Fool has a disclosure policy.
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 aluminum supplier Alcoa (NYSE: AA) are soaring too, setting a fresh post-split high of $73.72 just this week. Impending interest rate hikes meant to curb rampant inflation obviously don't help the bull case, but it's difficult to deny earnings are bouncing back from their pandemic lull. Nothing cures aluminum supply shortages like irresistible prices, and at the same time, nothing works against sky-high energy costs that force smelters and refiners to look for cheaper alternative means of producing industrial-grade metal materials.
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Shares of aluminum supplier Alcoa (NYSE: AA) are soaring too, setting a fresh post-split high of $73.72 just this week. GameStop One of the original meme stocks, GameStop (NYSE: GME) shares soared in early 2021 in what looked like a combination of a short squeeze and speculation on that short squeeze. More to the point, without any clarity regarding the company's turnaround plan, investors are prone to lose interest in supporting this stock's still-lofty price.
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Shares of aluminum supplier Alcoa (NYSE: AA) are soaring too, setting a fresh post-split high of $73.72 just this week. The stock's 50% pullback from November's high dragged shares to new multi-month lows, and there's still more meme-stock hype to be wrung out of this stock. The fact of the matter is, this company is still heavily reliant on brick-and-mortar stores that are operating in an ever-shrinking market, and the stock's still somehow closer to last year's record highs than it is to its pre-pandemic lows.
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Shares of aluminum supplier Alcoa (NYSE: AA) are soaring too, setting a fresh post-split high of $73.72 just this week. The market may not thrive this year. The problem is, Cohen effectively took control of GameStop in the middle of last year, and there's still no discernible plan as to how the game retailer is going to shake up its industry.
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894.0
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2022-02-11 00:00:00 UTC
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Notable Friday Option Activity: AA, XOM, CF
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AA
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-aa-xom-cf
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alcoa Corporation (Symbol: AA), where a total volume of 49,039 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.6% of AA's average daily trading volume over the past month, of 8.4 million shares. Especially high volume was seen for the $74 strike call option expiring February 18, 2022, with 4,390 contracts trading so far today, representing approximately 439,000 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $74 strike highlighted in orange:
Exxon Mobil Corp (Symbol: XOM) options are showing a volume of 190,397 contracts thus far today. That number of contracts represents approximately 19.0 million underlying shares, working out to a sizeable 57% of XOM's average daily trading volume over the past month, of 33.4 million shares. Especially high volume was seen for the $80 strike call option expiring February 11, 2022, with 22,504 contracts trading so far today, representing approximately 2.3 million underlying shares of XOM. Below is a chart showing XOM's trailing twelve month trading history, with the $80 strike highlighted in orange:
And CF Industries Holdings Inc (Symbol: CF) saw options trading volume of 22,438 contracts, representing approximately 2.2 million underlying shares or approximately 56.6% of CF's average daily trading volume over the past month, of 4.0 million shares. Particularly high volume was seen for the $80 strike call option expiring February 18, 2022, with 5,697 contracts trading so far today, representing approximately 569,700 underlying shares of CF. Below is a chart showing CF's trailing twelve month trading history, with the $80 strike highlighted in orange:
For the various different available expirations for AA options, XOM options, or CF options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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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Especially high volume was seen for the $74 strike call option expiring February 18, 2022, with 4,390 contracts trading so far today, representing approximately 439,000 underlying shares of AA. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alcoa Corporation (Symbol: AA), where a total volume of 49,039 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.6% of AA's average daily trading volume over the past month, of 8.4 million shares.
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Below is a chart showing AA's trailing twelve month trading history, with the $74 strike highlighted in orange: Exxon Mobil Corp (Symbol: XOM) options are showing a volume of 190,397 contracts thus far today. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alcoa Corporation (Symbol: AA), where a total volume of 49,039 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.6% of AA's average daily trading volume over the past month, of 8.4 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alcoa Corporation (Symbol: AA), where a total volume of 49,039 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.6% of AA's average daily trading volume over the past month, of 8.4 million shares. Especially high volume was seen for the $74 strike call option expiring February 18, 2022, with 4,390 contracts trading so far today, representing approximately 439,000 underlying shares of AA.
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Below is a chart showing CF's trailing twelve month trading history, with the $80 strike highlighted in orange: For the various different available expirations for AA options, XOM options, or CF options, visit StockOptionsChannel.com. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alcoa Corporation (Symbol: AA), where a total volume of 49,039 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.6% of AA's average daily trading volume over the past month, of 8.4 million shares.
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895.0
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2022-02-08 00:00:00 UTC
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Why Alcoa and Century Aluminum Popped on Tuesday
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AA
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https://www.nasdaq.com/articles/why-alcoa-and-century-aluminum-popped-on-tuesday
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nan
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nan
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What happened
Aluminum stocks were looking shiny on Tuesday, with Alcoa (NYSE: AA) closing the trading session up 9.8% and smaller Century Aluminum (NASDAQ: CENX) rising by 11.9%.
No huge secret why: Aluminum just hit its highest price in 13 years.
Image source: Getty Images.
So what
Bloomberg has the details. The price of aluminum on the London Metals Exchange hit $3,236 a ton on Monday, its highest price since 2008. What's more, this could be only the beginning.
Goldman Sachs, for example, is forecasting that aluminum could surge to as much as $4,000 a ton this year as "exceptional" demand for the metal meets constrained output from China, which is rationing power and pinching production. Adding to the difficulties, Russia is courting new international economic sanctions as it bullies Ukraine. And if Russia's psychological warfare should turn into an actual shooting war (as has happened there before), exports of aluminum from Russia could get shut down entirely.
Now what
In the context of already "critically low" inventories of aluminum globally, warns Bloomberg, bleak scenarios such as this one have Goldman Sachs thinking that "aluminum markets are facing a melt-up in prices this year."
That would obviously be bad news for the industrial manufacturing companies that will have to buy aluminum, whatever the price. On the other hand, for investors in metals producers outside of Russia and China, the prospect of higher prices is just one more good reason to buy shares of companies like Alcoa and Century Aluminum.
10 stocks we like better than Alcoa Corporation
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Alcoa Corporation wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 20, 2022
Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns and recommends Goldman Sachs. The Motley Fool has a disclosure policy.
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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What happened Aluminum stocks were looking shiny on Tuesday, with Alcoa (NYSE: AA) closing the trading session up 9.8% and smaller Century Aluminum (NASDAQ: CENX) rising by 11.9%. Goldman Sachs, for example, is forecasting that aluminum could surge to as much as $4,000 a ton this year as "exceptional" demand for the metal meets constrained output from China, which is rationing power and pinching production. Adding to the difficulties, Russia is courting new international economic sanctions as it bullies Ukraine.
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What happened Aluminum stocks were looking shiny on Tuesday, with Alcoa (NYSE: AA) closing the trading session up 9.8% and smaller Century Aluminum (NASDAQ: CENX) rising by 11.9%. No huge secret why: Aluminum just hit its highest price in 13 years. The price of aluminum on the London Metals Exchange hit $3,236 a ton on Monday, its highest price since 2008.
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What happened Aluminum stocks were looking shiny on Tuesday, with Alcoa (NYSE: AA) closing the trading session up 9.8% and smaller Century Aluminum (NASDAQ: CENX) rising by 11.9%. Now what In the context of already "critically low" inventories of aluminum globally, warns Bloomberg, bleak scenarios such as this one have Goldman Sachs thinking that "aluminum markets are facing a melt-up in prices this year." On the other hand, for investors in metals producers outside of Russia and China, the prospect of higher prices is just one more good reason to buy shares of companies like Alcoa and Century Aluminum.
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What happened Aluminum stocks were looking shiny on Tuesday, with Alcoa (NYSE: AA) closing the trading session up 9.8% and smaller Century Aluminum (NASDAQ: CENX) rising by 11.9%. Now what In the context of already "critically low" inventories of aluminum globally, warns Bloomberg, bleak scenarios such as this one have Goldman Sachs thinking that "aluminum markets are facing a melt-up in prices this year." On the other hand, for investors in metals producers outside of Russia and China, the prospect of higher prices is just one more good reason to buy shares of companies like Alcoa and Century Aluminum.
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896.0
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2022-02-04 00:00:00 UTC
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Alcoa Reaches Analyst Target Price
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AA
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https://www.nasdaq.com/articles/alcoa-reaches-analyst-target-price
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nan
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nan
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In recent trading, shares of Alcoa Corporation (Symbol: AA) have crossed above the average analyst 12-month target price of $62.78, changing hands for $64.41/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 9 different analyst targets within the Zacks coverage universe contributing to that average for Alcoa Corporation, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $52.00. And then on the other side of the spectrum one analyst has a target as high as $75.00. The standard deviation is $6.906.
But the whole reason to look at the average AA price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AA crossing above that average target price of $62.78/share, investors in AA have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $62.78 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Alcoa Corporation:
RECENT AA ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 5 6 6 6
Buy ratings: 0 0 0 0
Hold ratings: 3 1 1 1
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.75 1.29 1.29 1.29
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AA — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
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 recent trading, shares of Alcoa Corporation (Symbol: AA) have crossed above the average analyst 12-month target price of $62.78, changing hands for $64.41/share. But the whole reason to look at the average AA price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AA crossing above that average target price of $62.78/share, investors in AA have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $62.78 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of Alcoa Corporation (Symbol: AA) have crossed above the average analyst 12-month target price of $62.78, changing hands for $64.41/share. But the whole reason to look at the average AA price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AA crossing above that average target price of $62.78/share, investors in AA have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $62.78 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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And so with AA crossing above that average target price of $62.78/share, investors in AA have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $62.78 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Alcoa Corporation (Symbol: AA) have crossed above the average analyst 12-month target price of $62.78, changing hands for $64.41/share. But the whole reason to look at the average AA price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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In recent trading, shares of Alcoa Corporation (Symbol: AA) have crossed above the average analyst 12-month target price of $62.78, changing hands for $64.41/share. But the whole reason to look at the average AA price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AA crossing above that average target price of $62.78/share, investors in AA have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $62.78 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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897.0
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2022-01-27 00:00:00 UTC
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March 11th Options Now Available For Alcoa (AA)
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AA
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https://www.nasdaq.com/articles/march-11th-options-now-available-for-alcoa-aa
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nan
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nan
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Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the March 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new March 11th contracts and identified one put and one call contract of particular interest.
The put contract at the $58.00 strike price has a current bid of $4.45. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $58.00, but will also collect the premium, putting the cost basis of the shares at $53.55 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $58.66/share today.
Because the $58.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 56%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 7.67% return on the cash commitment, or 65.13% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $58.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $59.00 strike price has a current bid of $4.55. If an investor was to purchase shares of AA stock at the current price level of $58.66/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $59.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.34% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $59.00 strike highlighted in red:
Considering the fact that the $59.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 7.76% boost of extra return to the investor, or 65.84% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 64%, while the implied volatility in the call contract example is 63%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $58.66) to be 62%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
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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Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $59.00 strike highlighted in red: Considering the fact that the $59.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the March 11th expiration.
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Below is a chart showing AA's trailing twelve month trading history, with the $59.00 strike highlighted in red: Considering the fact that the $59.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the March 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new March 11th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AA's trailing twelve month trading history, with the $59.00 strike highlighted in red: Considering the fact that the $59.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the March 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new March 11th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new March 11th contracts and identified one put and one call contract of particular interest. Below is a chart showing AA's trailing twelve month trading history, with the $59.00 strike highlighted in red: Considering the fact that the $59.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the March 11th expiration.
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898.0
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2022-01-25 00:00:00 UTC
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Why I’m Happy About Today’s Selloff
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AA
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https://www.nasdaq.com/articles/why-im-happy-about-todays-selloff
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
This quote comes from the Oracle of Omaha, Warren Buffett, himself. It’s also an apt description for what the NASDAQ is experiencing right now. After a phenomenal 2021, which saw the tech-heavy index surge 21.4% for the year, putting in right behind the S&P 500’s 27% gain and outpacing the Dow Jones Industrial Average’s 19% return during the same time period, the index came to a grinding halt last week and has continued to march lower on Wall Street.
Source: mentalmind / Shutterstock.com
As you may recall, last Wednesday, the NASDAQ Composite officially slipped into correction territory, off 10.7% from its all-time high set on Nov. 19. According to Sundial Capital Research chief research officer Jason Goepfert, nearly 40% of NASDAQ companies have fallen at least 50% from their 52-week highs. Investors haven’t seen this severe of a tech selloff since the dot-com bubble burst in 1999-2000.
This week hasn’t been any better for the NASDAQ. Yesterday, the tech-heavy index opened 2% lower, though it did make an incredible reversal in the afternoon and managed to eke out a small gain by the close. Today was also an ugly day for the index, as it slipped more than 3% in the afternoon.
While I know the continued selling has been gut-wrenching, I’m actually happy at this moment, and that’s probably baffling to most folks.
Here’s why…
First let me say that we had an incredible reversal yesterday, with very strong volume to the upside. This tells me that the smart money on the sidelines is jumping back in and buying stocks. But every time you make a low, you have to retest the lows, and you want the retest to be on lighter volume and eventually exhaust the selling volume. So, when you have a violent move like we had yesterday, it’s going to take some time for all the dust to settle.
We’re also moving deeper into the fourth-quarter earnings season, and it’s clear that Wall Street is refocusing on fundamentals. In fact, The Wall Street Journal noted just today that investors are losing interest in companies that aren’t profitable. This is good news for me, as I only recommend fundamentally superior companies that can post strong sales and earnings in a decelerating earnings environment.
I’m pleased to say that, so far, earnings are working. Last Wednesday, Alcoa Corporation (NYSE:AA) announced that it achieved record results for its fiscal year 2021. For the fourth quarter, Alcoa reported its highest quarterly revenue in three years. Fourth-quarter revenue jumped 39.6% year-over-year to $3.34 billion, up from $2.93 billion in the same quarter a year ago. Analysts were expecting revenue of $3.36 billion. Fourth-quarter adjusted earnings surged 861.5% year-over-year to $2.50 per share, compared to $0.26 per share in the fourth quarter of 2020. Analysts were looking for adjusted earnings of $1.96 per share, so Alcoa posted a 27.6% earnings surprise.
The stock rallied in the wake of its stunning earnings results, though it did get hit with profit-taking later in the week. However, it bounced back nicely today, climbing more than 5% while the broader market pulled back.
An example from today is Lockheed Martin Corporation (NYSE:LMT). This company crushed analysts’ earnings expectations and posted in-line revenue for both its fourth quarter and full year 2021. For the fourth quarter, the defense contractor achieved earnings of $2.0 billion, or $7.47 per share, on $17.7 billion in revenue, which compares to earnings of $1.8 billion, or $6.38 per share, and revenue of $17 billion in the same quarter a year ago. Analysts were expecting earnings of $7.15 per share on $17.66 billion in revenue.
During fiscal year 2021, revenue rose 2.5% year-over-year to $67.04 billion and slipped 6.3% year-over-year to $22.76 per share. The consensus estimate called for full-year earnings of $22.46 per share and revenue of $67 billion. Lockheed Martin also noted that it rewarded shareholders with $7.0 billion in the form of dividends and stock buybacks. Investors cheered the strong results, triggering a 3% pop in the stock this afternoon.
Now, I should add that we’ll hear from three flagship stocks this week: Up first is Microsoft Corporation (NASDAQ:MSFT) this afternoon, followed by Tesla (NASDAQ:TSLA) on Wednesday and Apple (NASDAQ:AAPL) on Thursday. Their results are important, because these companies are bellwethers, and we need a bellwether to grab the market by the horns and lead us. Last year, half of NASDAQ’s returns came from Apple, Microsoft, Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL), NVIDIA Corporation (NASDAQ:NVDA) and Tesla. So, we’re looking for new leaders to emerge here, and it’s imperative that that happens.
So, what are analysts expecting from Microsoft’s, Tesla’s and Apple’s latest quarterly reports?
For Microsoft’s second quarter in fiscal year 2021, analysts expect earnings to rise 13.79% year-over-year to $2.31 per share, up from $2.03 per share in last year’s second quarter. Revenue is expected to increase 18% year-over-year to $50.88 billion. Earnings estimates have been revised 4.1% higher in the past three months, so an earnings surprise is possible.
For Tesla’s fourth quarter, the analyst community is calling for earnings per share to surge 182.5% year-over-year to $2.26, up from earnings per share of $0.80 in the same quarter a year ago. Revenue is expected to climb 52.2% year-over-year to $16.35 billion, up from revenue of $10.74 billion in the same quarter a year ago. Analysts have revised their earnings estimates 18.3% higher in the past 90 days, so an earnings surprise could be in the offing.
For Apple’s first quarter in fiscal year 2021, analysts expect earnings to increase 11.9% year-over-year to $1.88 per share, up from earnings of $1.68 per share in the same quarter last year. Revenue is expected to come in at $118.38 billion. Earnings estimates have been upped slightly in the past three months.
We’ll have a better understanding of where these companies stand after their results are out (I’ll review their latest numbers in Saturday’s Market360 article, so keep an eye out for that), but I can already tell you that regardless of where the market turns next, the best strategy is to invest in fundamentally superior stocks. In my 40-plus years of investing, I’ve found that earnings work 70% of the time and that good stocks bounce like “fresh tennis balls” while bad stocks bounce “like rocks.” I don’t expect this earnings season to be any different.
If you’re not sure which stocks to start with, I recommend that you take a look at my Platinum Growth Club. As a Platinum Growth Club member, you will have full access to all of my stock services — Growth Investor, Breakthrough Stocks and Accelerated Profits — which totals to more than 100 stocks, as well as my Power Options service. This options service focuses solely on LEAPS (Long-Term Equity Anticipation Securities) call trades. These are a great investing vehicles to turbocharge your portfolio.
Of course, you don’t have to invest in all 100% stocks. If you’d rather start small, I have you covered there, too. My Platinum Growth Club also comes with my exclusive Model Portfolio. I handpick all of my Model Portfolio recommendations from my different services, so you can rest assured that you’re always invested in the crème de la crème.
I should add that it’s a great time to join. I just held my first Platinum Growth Club Live Chat event yesterday. I discussed a wide range of topics, including my market outlook, the fourth-quarter earnings season, the rotation out of growth stocks and into value stocks, as well as my latest thoughts on the Federal Reserve’s inflation problem. I also answered many subscriber questions.
I will also be revealing a brand-new 5G stock in my Breakthrough Stocks service on Thursday afternoon, which you’ll also receive as a Platinum Growth Club subscriber. This company boasts double-digit earnings growth and quadruple-digit earnings growth and is well-positioned to benefit from the 5G boom. Plus, I’ll be releasing my Growth Investor Monthly Issue for February on Friday afternoon, which will include three new buys — one high-growth play in the electric vehicle (EV) sector and two dividend growth stocks.
Again, as a Platinum Growth Club subscriber, you will have complete access to all of this information, as well as every Weekly Update, Monthly Issue, Flash Alerts, Live Chat events, and much more. Sign up here now so you don’t miss out!
Sincerely,
Louis Navellier
The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below:
Alcoa Corporation (AA), Alphabet (GOOG), Lockheed Martin Corporation (LMT), NVIDIA Corporation (NVDA)
Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.
The post Why I’m Happy About Today’s Selloff appeared first on InvestorPlace.
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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Last Wednesday, Alcoa Corporation (NYSE:AA) announced that it achieved record results for its fiscal year 2021. Now, I should add that we’ll hear from three flagship stocks this week: Up first is Microsoft Corporation (NASDAQ:MSFT) this afternoon, followed by Tesla (NASDAQ:TSLA) on Wednesday and Apple (NASDAQ:AAPL) on Thursday. Sincerely, Louis Navellier The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below: Alcoa Corporation (AA), Alphabet (GOOG), Lockheed Martin Corporation (LMT), NVIDIA Corporation (NVDA) Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.
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Sincerely, Louis Navellier The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below: Alcoa Corporation (AA), Alphabet (GOOG), Lockheed Martin Corporation (LMT), NVIDIA Corporation (NVDA) Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today. Last Wednesday, Alcoa Corporation (NYSE:AA) announced that it achieved record results for its fiscal year 2021. Now, I should add that we’ll hear from three flagship stocks this week: Up first is Microsoft Corporation (NASDAQ:MSFT) this afternoon, followed by Tesla (NASDAQ:TSLA) on Wednesday and Apple (NASDAQ:AAPL) on Thursday.
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Last Wednesday, Alcoa Corporation (NYSE:AA) announced that it achieved record results for its fiscal year 2021. Now, I should add that we’ll hear from three flagship stocks this week: Up first is Microsoft Corporation (NASDAQ:MSFT) this afternoon, followed by Tesla (NASDAQ:TSLA) on Wednesday and Apple (NASDAQ:AAPL) on Thursday. Sincerely, Louis Navellier The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below: Alcoa Corporation (AA), Alphabet (GOOG), Lockheed Martin Corporation (LMT), NVIDIA Corporation (NVDA) Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.
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Last Wednesday, Alcoa Corporation (NYSE:AA) announced that it achieved record results for its fiscal year 2021. Now, I should add that we’ll hear from three flagship stocks this week: Up first is Microsoft Corporation (NASDAQ:MSFT) this afternoon, followed by Tesla (NASDAQ:TSLA) on Wednesday and Apple (NASDAQ:AAPL) on Thursday. Sincerely, Louis Navellier The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below: Alcoa Corporation (AA), Alphabet (GOOG), Lockheed Martin Corporation (LMT), NVIDIA Corporation (NVDA) Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.
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899.0
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2022-01-24 00:00:00 UTC
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COLUMN-Power problems take a toll on global aluminium output: Andy Home
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AA
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https://www.nasdaq.com/articles/column-power-problems-take-a-toll-on-global-aluminium-output%3A-andy-home-0
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nan
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nan
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By Andy Home
LONDON, Jan 24 (Reuters) - Global aluminium production rates started falling in the closing months of 2021 as power constraints spread from China to Europe.
The world's smelters may have produced a record 67.3 million tonnes of aluminium last year, but all the 3% year-on-year growth derived from the first couple of months.
Annualised run-rates peaked in February at 68.3 million tonnes and slowed to 66.2 million in December, year-on-year production growth turning negative in both November and December.
The resulting supply gap has propelled aluminium prices to decade highs, the London Metal Exchange (LME) three-month price CMAL3 currently sitting above the $3,000-per tonne level, last trading at $3,030.
Physical premiums are also soaring, adding to the pain for aluminium buyers.
Such high prices should incentivise more supply, but everything depends on whether the world has sufficient energy to support power-hungry aluminium smelters.
CHINA POWERS DOWN
China, the world's largest primary aluminium producer, was operating at an annualised rate of 37.6 million tonnes in December, according to the latest assessment by the International Aluminium Institute (IAI).
That's 1.3 million tonnes lower than in December 2020 and 2.1 million tonnes off the February peak.
Drought in hydro-powered Yunnan province curtailed output in what has become a major "green" aluminium production hub earlier in the year.
More smelter hits came in the second half of 2021 from the government's dual-control energy efficiency targets, which resulted in several provinces mandating curtailments of heavy industry, particularly intensive power users such as aluminium smelters.
China has been the driver of global primary metal production growth for two decades, but the juggernaut seems to have run out of road.
The country turned net importer of unwrought aluminium and alloys in 2020, and imports rose further last year to a record high of 3.2 million tonnes.
China remains a massive net exporter of semi-manufactured products, but has been importing ever more primary metal to make them.
EUROPEAN POWER CRUNCH
China's power woes have spread to Europe with a vengeance.
Analysts at Citi estimate around 800,000 tonnes of smelter capacity has been curtailed in the region, with up to 1.2 million tonnes at risk from soaring power prices. ("Global Commodities - Ex-China aluminium deficit looms large", Jan. 19, 2022).
Production in both Western and Eastern Europe slipped marginally last year, with run-rates in the former slowing appreciably over the fourth quarter.
A strike at Alcoa's AA.N 228,000-tonne per year San Ciprian smelter in Spain was already acting as a drag on regional output before the company announced it would suspend production for two years as part of a peace deal with unions.
As other smelters reduce amperage or fully curtail potlines due to runaway spot power prices, the slowdown in European output will become more pronounced over the coming months.
Europe's primary metal supply shortfall is forecast by Citi to expand from 3.5 to 4.2 million tonnes.
The growing supply-chain tension is why the European duty-paid premium EPDc1 over the LME cash price has exploded from under $300 per tonne in December to a current $442.
WESTERN RESTARTS
Europe's aluminium production woes will last as long as the rolling energy crunch and maybe longer if this year's high spot prices become embedded in higher forward pricing structures.
Output, however, should pick up in both North and Latin America.
A 2.4% drop in North American output last year was largely down to a four-month strike at the Kitimat smelter in Canada, production at the 432,000-tonne-per-year plant falling to 263,000 tonnes in 2021.
The strike ended in October and the plant will undergo a controlled restart this year, according to operator Rio Tinto RIO.L.
Argentina's Aluar smelter will also be returning to full 400,000-tonne capacity this year after running at 75% during the COVID-19 pandemic.
Meanwhile, the 447,000-tonne-per-year Alumar plant in Brazil will be brought out of mothballs by its joint owners Alcoa and South32 S32.AX this year thanks to a renewable power deal.
Latin America saw the fastest production growth of any region last year and is on track to remain a significant driver of global run-rates this year.
CHINA CONUNDRUM
However, whatever happens in the rest of the world pales into insignificance relative to China, which last year still accounted for 57% of the world's primary aluminium production.
Citi estimates potential restarts and delayed new smelters could amount to three million tonnes per year of production capacity coming on line this year.
That would have global implications, both dampening China's appetite for primary metal imports and boosting its exports of semi-manufactured products.
However, here too everything hangs on energy and power.
Beijing remains committed to peak coal usage by 2025 but it's clear that last year' dual-control energy targets were too severe, requiring a series of policy adjustments, not least orders to domestic coal operators to boost production into winter.
There will probably be a lot more fine-tuning by policy-makers seeking to balance decarbonisation with the country's still fast-growing energy requirements.
That may open a regulatory window for aluminium operators to restart idled and launch new capacity to capitalise on the current boom in prices.
But China's pledge to start phasing down coal use from 2026 still spells big trouble for its primary aluminium sector.
Despite a collective rush to tap Yunnan's hydro-energy grid, coal remains the dominant power source for the country's smelters, accounting for 88% of the 37 million tonnes of aluminium produced in 2020, according to the IAI.
Targets may be adjusted in the coming months, but last year's crunch may be the first of many, which is why so many analysts are talking about a fundamental shift in China's aluminium dynamics.
Moreover, Europe's lengthening list of smelter casualties is a warning sign that power availability poses a fundamental challenge for the aluminium industry globally.
The opinions expressed here are those of the author, a columnist for Reuters.
Global annualised aluminium production monthly changehttps://tmsnrt.rs/3qTf0TV
Global Aluminium Production by Region in 2021https://tmsnrt.rs/3IwtNdn
Global aluminium output yearly changehttps://tmsnrt.rs/3KDnzdl
(Editing by Jan Harvey)
((andy.home@thomsonreuters.com, 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals))
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 strike at Alcoa's AA.N 228,000-tonne per year San Ciprian smelter in Spain was already acting as a drag on regional output before the company announced it would suspend production for two years as part of a peace deal with unions. By Andy Home LONDON, Jan 24 (Reuters) - Global aluminium production rates started falling in the closing months of 2021 as power constraints spread from China to Europe. As other smelters reduce amperage or fully curtail potlines due to runaway spot power prices, the slowdown in European output will become more pronounced over the coming months.
|
A strike at Alcoa's AA.N 228,000-tonne per year San Ciprian smelter in Spain was already acting as a drag on regional output before the company announced it would suspend production for two years as part of a peace deal with unions. By Andy Home LONDON, Jan 24 (Reuters) - Global aluminium production rates started falling in the closing months of 2021 as power constraints spread from China to Europe. Annualised run-rates peaked in February at 68.3 million tonnes and slowed to 66.2 million in December, year-on-year production growth turning negative in both November and December.
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A strike at Alcoa's AA.N 228,000-tonne per year San Ciprian smelter in Spain was already acting as a drag on regional output before the company announced it would suspend production for two years as part of a peace deal with unions. China, the world's largest primary aluminium producer, was operating at an annualised rate of 37.6 million tonnes in December, according to the latest assessment by the International Aluminium Institute (IAI). Citi estimates potential restarts and delayed new smelters could amount to three million tonnes per year of production capacity coming on line this year.
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A strike at Alcoa's AA.N 228,000-tonne per year San Ciprian smelter in Spain was already acting as a drag on regional output before the company announced it would suspend production for two years as part of a peace deal with unions. By Andy Home LONDON, Jan 24 (Reuters) - Global aluminium production rates started falling in the closing months of 2021 as power constraints spread from China to Europe. More smelter hits came in the second half of 2021 from the government's dual-control energy efficiency targets, which resulted in several provinces mandating curtailments of heavy industry, particularly intensive power users such as aluminium smelters.
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