Alcoa Stock Rises. It Still Isn’t a Buy.
Posted on Monday April 22, 2024
An upgrade doesn’t have to be a Buy recommendation for a stock to move. Shares of Alcoa rose on Monday after Morgan Stanley analyst Carlos De Alba changed his rating on the stock to Hold from Sell. “We now see a more balanced risk-reward for Alcoa given the continued progress on cost-saving measures, reduced uncertainty on the path to resolving bauxite mining issues in Western Australia, and potentially more [Inflation Reduction Act] benefits to come,” wrote De Alba in a Monday report.
The 3 Best Steel Stocks to Buy as Biden Talks Tripling Tariffs
Posted on Friday April 19, 2024
Steel stocks have been in focus this week as President Joe Biden has shifted focus to the industry. On April 17, the White House announced plans to enact further tariffs on Chinese-imported steel. In a move intended to safeguard domestic steel and shipbuilding interests from Chinese competitors, Biden is planning to triple the tariffs levied against steel and aluminum imported from China. He recently traveled to Pittsburgh and spoke at the United Steelworkers headquarters, laying out his plans f
Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript
Posted on Friday April 19, 2024
Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript April 17, 2024 Alcoa Corporation misses on earnings expectations. Reported EPS is $-0.81 EPS, expectations were $-0.62. AA isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon, and welcome to the […]
Alcoa First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Posted on Friday April 19, 2024
Alcoa ( NYSE:AA ) First Quarter 2024 Results Key Financial Results Revenue: US$2.60b (down 2.7% from 1Q 2023). Net...
