|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||59.56 - 62.35|
|52 Week Range||29.55 - 62.35|
|PE Ratio (TTM)||51.92|
|Earnings Date||Jan 9, 2017 - Jan 13, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||65.67|
Nucor sees sustainable strength in steel markets but isn't happy about the breadth of tariff exemptions granted by President Trump.
Alcoa (AA) released its 1Q18 earnings on April 18, 2018, after the markets closed. The company reported revenues of $3.09 billion in 1Q18—compared to $3.17 billion in 4Q17 and $2.65 billion in 1Q17. Alcoa’s 1Q18 earnings were better than expected.
Stocks are heading for a lower open this morning as commodity prices rally. The Nasdaq Composite has dropped 0.3% to 7,273.79. BofA Merrill Lynch's Paul Ciana, meanwhile, writes that "our base case view of the Thomson Reuters equal weight commodity index (CCI) suggests commodity markets are on the verge of signaling a secular bull trend." But a word of warning--some commodities could be nearing a pause.
Metal and mining stocks saw a sharp rally yesterday. Looking at individual names, Alcoa (AA) and Freeport-McMoRan (FCX) gained 4.0% and 4.8%, respectively. In the steel space, U.S. Steel Corporation (X) and AK Steel (AKS) gained 3.1% and 2.3%, respectively. Notably, the stocks saw a significant increase in an otherwise range-bound market. The SPDR Dow Jones Industrial Average ETF (DIA) closed with a marginal loss of 0.17% on April 18. Steel stocks also defied a downgrade by UBS.
Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user ! Alcoa Corp (NYSE: AA ) stock was trading higher by ...
NEW YORK, NY / ACCESSWIRE / April 19, 2018 / U.S. markets rose Wednesday as investor optimism continues to be boosted by strong corporate earnings. The S&P 500 Index gained 0.08 percent to close at 2,708.64, ...
U.S. customers of Rusal are scrambling to figure out how to replace supply from the Russian company after U.S. sanctions on the world's second-largest aluminum producer caused prices to spike to a seven-year high, the companies and metals analysts said. Morgan Stanley estimates Rusal supplied approximately 9 percent of U.S. aluminum imports in 2017. Alcoa Corp said "considerable uncertainty remains in global supply chain" on Wednesday, partly due to the sanctions.
Chinese traders are preparing to export alumina to reap the profits from record prices for spot cargoes after the United States imposed sanctions on Russia's United Company Rusal, among the biggest producers of the aluminium raw material. China is the world's the biggest producer and consumer of alumina, a compound extracted from bauxite ore that is then smelted into aluminium metal.
The price of aluminium ratched higher again on Thursday, reaching levels last seen in 2011 as consumers scrambled for stocks and a leading producer warned of a looming shortfall. Aluminium for delivery ...
The turmoil unleashed by U.S. sanctions against United Co. Rusal kept reverberating through metals markets, sending aluminum and nickel to multi-year highs.
U.S. customers of Rusal are scrambling to figure out how to replace supply from the Russian company after U.S. sanctions on the world's second-largest aluminium producer caused prices to spike to a seven-year high, the companies and metals analysts said. Morgan Stanley estimates Rusal supplied approximately 9 percent of U.S. aluminium imports in 2017. Alcoa Corp (AA.N) said "considerable uncertainty remains in global supply chain" on Wednesday, partly due to the sanctions.
Alcoa reported strong earnings and blowout guidance late Wednesday after the aluminum giant's stock broke out ahead of results. Steel Dynamics also topped views, with Nucor due early Thursday.
American Express AXP stock gained over 3 percent post-market after the financial services corporation announced its earnings. This is American Express' first quarter with a new CEO, and it is facing rising competition from other big banks. Shares of Sleep Number SNBR plummeted as much as 13 percent after hours on disappointing earnings results.
Alcoa Corp. (AA) just released its latest quarterly financial results, posting adjusted earnings of $0.77 per share and revenues of $3.09 billion.
Alcoa is projecting an increased global aluminum deficit this year due to delays in projects to expand smelters, factories where metal is extracted, in China.
Alcoa Corp (NYSE:AA) had a strong afternoon as the company increased its guidance and posted an earnings beat in its latest quarterly report. The company announced that for its first quarter, earnings impressed and guidance will top the mark due to an aluminum supply shortfall. The stock’s rating was increased by many analysts to a “buy” during the regular session in anticipation of the company’s quarterly report, as well as thanks to a six-year high in aluminum prices.
Alcoa Corp. said Wednesday afternoon that demand for aluminum is growing amid tariff fears, and offered an earnings beat as evidence, sending shares higher in after-hours trading. Alcoa reported first-quarter ...
Apr.19 -- Lori Heinel, deputy global chief investment officer at State Street Global Advisors, and Bloomberg Intelligence's Andrew Cosgrove, discuss aluminum and nickel hitting multi-year highs. They speak with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."
Charles Bradford of Bradford Research says China could take steps on the supply of rare earths and other measures if the U.S. expands its moves on tariffs.