|Bid||26.76 x 800|
|Ask||26.76 x 1100|
|Day's Range||25.71 - 27.41|
|52 Week Range||25.01 - 55.38|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Lower prices pushed the aluminum products maker to a first quarter loss and the results fell short of forecasts. The equipment rental company's first quarter profit and revenue beat forecasts on gains across geographic regions. The shoe company's first quarter sales fell short of forecasts and it issued a weak revenue outlook for the year.
With equities flirting with all-time highs you might be wondering why today's gallery is focusing on stocks to sell. The reason is that it's not just a stock market, but a market of stocks. And there are both winners and losers in every environment -- even one where record highs are in reach.Indeed, the rising tide is not lifting all boats. Some of these vessels have gaping holes in the hull and are sinking. The three stocks identified today carry similar characteristics. Their price trends are all pointing lower. They're on the brink of breaking key support zones. And distribution days have cropped up to signal institutions are smashing the sell button.Whether you're looking for short trades to diversify your portfolio, or simply want to feel the thrill of profiting from pain, these stocks deserve your consideration.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The Jobs Report Isn't an Effective Metric for the U.S. Economy Behold, three vulnerable stocks to sell.Source: ThinkorSwim Box (BOX)Box (NYSE:BOX) shares were full participants in the 2019 comeback rally in the stock market. It set a blistering pace, gaining some 47% in the first two months alone. And then its earnings announcement killed the momentum. Since the late-February down-gap, BOX stock has been treading water.But with this week's slip, the company's shares are now testing the lower end of the range. And that presents an exciting breakdown setup worth trading. The critical level to watch is $18.40. If BOX breaches it, watch out below. It could send the shares down to the next support zone at $16.If support gives way then consider buying the June $19 puts.Source: ThinkorSwim Dropbox (DBX)Short of one glorious bullish episode, the entire saga of Dropbox's (NASDAQ:DBX) public life has been disappointing.Its 2019 flight path has mirrored BOX -full participation in the Jan-Feb boom and then upended by earnings. Since the quarterly report, DBX stock has been locked in a downtrend beneath falling moving averages. The 200-day, 50-day, and 20-day are all careening lower in a bearish fashion. With resistance heaped on top of it, DBX has struggled to score any kind of sustainable rally.And yesterday's high volume drop has me thinking more pain is in the offing. Support at $21 is being probed as I type and it's a test that will likely fail. A successful support breach could send the stock back to its 52-week low at $18.50. * 5 Dividend Stocks Perfect for Retirees To profit, you could buy the July $22 puts.Source: ThinkorSwim Alcoa (AA)Alcoa (NYSE:AA) has taken shareholders on quite the wild ride. Since 2016 the hellish coaster has risen 186% and then plunged 56%.This year's action can best be described as base building. It's essentially traveled directly sideways with neither bulls nor bears willing to touch it. But if the premarket weakness in response to this morning's earnings announcement is any indication, we could soon see a test of the lower end of its range.$26.50 is the zone to watch. If buyers emerge to defend it, then hold off on bear trades. But if it fails, then it's game on for shorts. Buying the July $28 puts or the July $28/$24 put spread are your go-to plays.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post 3 Stocks on Shaky Ground appeared first on InvestorPlace.
Key Takeaways from Alcoa’s Q1 Earnings(Continued from Prior Part)Trump’s tariffs During the first-quarter earnings call, Alcoa (AA) took a swipe at the Section 232 tariffs that President Trump imposed last year. From the very beginning, Alcoa
Key Takeaways from Alcoa’s Q1 EarningsAlcoa’s first-quarter earnings Alcoa (AA) released its first-quarter earnings after the markets closed on April 17. The company reported revenues of $2.72 billion in the first quarter. The analysts polled by
Alcoa (AA) delivered earnings and revenue surprises of -35.29% and -0.28%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
PITTSBURGH (AP) _ Alcoa Corp. (AA) on Wednesday reported a first-quarter loss of $199 million, after reporting a profit in the same period a year earlier. The results missed Wall Street expectations. Alcoa shares have risen slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 16 percent.
Shares of Alcoa Corp. fell more than 1% in the extended session Wednesday after the alumina and aluminum producer reported a wider-than-expected adjusted quarterly loss and sales also missed views. Alcoa said it lost $199 million, or $1.07 a share, in the quarter, versus earnings of $195 million, or $1.04 a share, in the year-ago quarter. Adjusted for one-time items, the company lost $43 million, or 23 cents a share, versus earnings of $1.01 a share a year ago. Revenue fell to $2.7 billion from $3.1 billion a year ago. Analysts polled by FactSet had expected an adjusted loss of 13 cents a share on sales of $2.8 billion. "We improved our operations in the first quarter, even as alumina and aluminum prices weakened," Chief Executive Roy Harvey said in a statement. The company kept its prediction of a surplus for the alumina market and a deficit for the aluminum market this year, the latter due to lower demand from China. For 2019, Alcoa projected a global aluminum deficit between 1.5 million metric tons and 1.9 million metric tons, down from last quarter's full-year estimate of between 1.7 million and 2.1 million metric tons. For alumina, Alcoa projected a surplus between 200,000 metric tons to 1 million metric tons. For bauxite, Alcoa expects a slightly larger surplus for the year compared with a prior estimate, with stockpile growth ranging between 8 million and 12 million metric tons. Shares of Alcoa ended the regular trading day flat.
Alcoa (NYSE:AA) reported its latest quarterly earnings results late in the day Wednesday, amassing results that missed Wall Street's expectations on both the adjusted loss front and revenue, playing a role in company shares sliding after hours.The Pittsburgh, Penn.-based aluminum producer said it brought in a net loss of $199 million, or $1.07 per share for its first quarter of its fiscal 2019. On an adjusted basis when excluding special items, the business said it had a net loss of $43 million, or 23 cents per share.This loss was more than twice as wide as the adjusted loss that analysts predicted Alcoa to bring in at 11 cents per share, according to StreetInsider. The business added that its revenue for the period tallied up to $2.72 billion, also missing the Wall Street consensus estimate, which came in at $2.81 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company also had $168 million in cash from operations by quarter's end, as well as $99 million in free cash flow. Alcoa added that its cash balance tallied up to $1 billion, while its debt reached $1.8 billion for a net debt of $800 million as of March 31, 2019.For its fiscal 2019, the aluminum company did not change its outlook for shipments of bauxite, alumina and aluminum. Bauxite shipments are slated to be between 47 million and 48 million dry metric tons; alumna shipments are predicted between 13.6 million and 13.7 million metric tons; aluminum shipments will be in the range of 2.8 million and 2.9 million metric tons.AA stock is down approximately 1.5% after the bell Wednesday off the heels of an underwhelming first three months to kick off its fiscal year. Shares were largely unchanged during regular trading hours. More From InvestorPlace * 7 Marijuana Companies: Which Pot Stocks Should You Buy? * 10 S&P 500 Stocks to Buy Off Their Lows * 7 Stocks to Buy for Spring Season Growth Compare Brokers The post Alcoa Earnings: AA Stock Slides on Q1 EPS Miss appeared first on InvestorPlace.
Why Analysts Expect Alcoa’s Earnings to Fall Sharply in Q1Alcoa’s first-quarter earnings Alcoa (AA) is scheduled to release its earnings results for the first quarter of 2019 on April 17 after the markets close. Analysts polled by Thomson Reuters
The nature of investing is that you win some, and you lose some. And there's no doubt that Alcoa Corporation (NYSE:AA) stock has had a really bad year. To wit the share price is down 51% in that time. Alcoa may ha...
China No Longer Seems to Be Biggest Concern for Global Economy(Continued from Prior Part)Metal investorsChina’s trade data is especially crucial for metal and mining investors (XME) given the country’s dominant share in global metal consumption.
Alcoa's (AA) first-quarter 2019 earnings to gain from initiatives, share buybacks and development efforts. Global uncertainties, high taxes and lower aluminum shipments drag.
The industrial sector got some good news from industrial distributor Fastenal Thursday. Fastenal beat Wall Street earnings estimates and its stock reacted positively. Hopefully, that sets a pattern for upcoming industrial earnings reports.
Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.
Trump’s Tariffs Received a Mixed Response from US Companies(Continued from Prior Part)Trade war Last year, US President Donald Trump imposed tariffs on several goods. The year started with tariffs on solar panels and washing machines. Trump doubled
Trump’s Tariffs Received a Mixed Response from US CompaniesTrump’s tariffs President Donald Trump has used tariffs to achieve policy goals, especially in terms of getting trading partners to negotiate new trade deals favorable to the United
fell about 3% on Tuesday after the company received a downgrade to neutral from outperform from Credit Suisse, as well as a price-target cut. Specifically, Woodworth pointed to accelerated supply growth in China over the next several years, as new smelters come online and provinces also focus more on regional growth on commodities production. As of mid-afternoon, shares of Alcoa were down 2.92%, or 86 cents, at $28.60 on the New York Stock Exchange.
Alcoa’s Outlook Looks Murky amid Conflicting Indicators(Continued from Prior Part)Alcoa Last year, Alcoa (AA) posted adjusted EBITDA of $3.1 billion, which was higher than what it posted in 2017. The company’s 2018 earnings were primarily boosted
Alcoa’s Outlook Looks Murky amid Conflicting IndicatorsAlcoa’s outlook Alcoa (AA), the leading US-based aluminum producer, is having a somber year. The stock has gained a mere 5.3% this year, underperforming broader markets. Alcoa and Century
U.S. Trustee Daniel McDermott has asked the U.S. Bankruptcy Court for the Middle District of Florida to appoint a Chapter 11 trustee to oversee the operations of IPS Worldwide. The request is sought due to concern regarding mismanagement of the firm's handling of freight invoices as the company restructures under a Chapter 11 bankruptcy filing. "The company's leadership does not have sufficient knowledge to lead the day to day operations effectively and should not continue receiving compensation," stated Maria M. Yip, the examiner appointed to review the company's finances in her preliminary report presented to the court earlier this month according to the Daytona Beach News Journal.