AA - Alcoa Corporation
| Previous Close | 16.10 |
| Open | 16.01 |
| Bid | 16.05 x 3200 |
| Ask | 16.18 x 1100 |
| Day's Range | 15.92 - 16.30 |
| 52 Week Range | 13.62 - 31.45 |
| Volume | 5,476,112 |
| Avg. Volume | 5,210,686 |
| Market Cap | 2.988B |
| Beta (5Y Monthly) | 1.74 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -6.07 |
| Earnings Date | Apr 14, 2020 - Apr 19, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 22.86 |
- Business Wire
Alcoa Gains Approval to Market Sustainably Produced Products with Aluminium Stewardship Initiative (ASI) Certifications
Alcoa Corporation, a global leader in bauxite, alumina and aluminum, today announced that the Aluminum Stewardship Initiative (ASI) has certified the Company to market products under ASI’s Chain of Custody standard.
- Business Wire
Alcoa President and Chief Executive Officer Roy Harvey to Present at BMO Capital Markets 29th Global Metals & Mining Conference
Alcoa Corporation, a global leader in bauxite, alumina and aluminum products, announced today that its President and Chief Executive Officer Roy Harvey will present at the BMO Capital Markets 29th Global Metals & Mining Conference in Hollywood, Florida, on Tuesday, February 25, 2020, at 11:30 a.m. EST.
- Reuters
EU launches anti-dumping investigation on China aluminium products
The European Commission has opened an investigation into whether China is dumping aluminium extrusions, products widely used in transport, construction and electronics, in the European Union, it said on Friday. A notice in the EU's Official Journal said it was acting on a complaint filed last month by industry group European Aluminium representing seven producers. "The evidence provided by the complainant shows that the volume and the prices of the imported product under investigation have had, among other consequences, a negative impact," the Commission said.
- Bloomberg
Trump’s Tariffs Haven’t Rescued American Steel
(Bloomberg Opinion) -- It’s been almost two years since President Donald Trump announced, on March 1, 2018, that he would be imposing a 25% tariff on steel imports to the U.S. and 10% on aluminum. “We must not let our country, companies and workers be taken advantage of any longer,” he tweeted at the time.The tariffs exempted a few countries to start, and were rolled back last May for products from Canada and Mexico, but otherwise still stand. Things have gone pretty well for the country in the meantime. For companies and workers in the U.S. steel and aluminum industries, not so much. U.S. Steel Corp.’s share price, for example, closed at its highest level in almost seven years on the day the tariffs were announced. It has since declined 80%.Not every steel and aluminum manufacturer’s stock chart makes this point quite so perfectly. The biggest U.S. steel producer, mini-mill operator Nucor Corp., saw its stock price peak in January 2018, not March, and it’s down a mere 31% since then. At the biggest U.S. aluminum producer, Alcoa Corp., the stock peaked in April 2018 and is down 74% since. Those are still sharp declines amid a generally rising stock market, though, and I was unable to find a single publicly traded U.S. steel or aluminum maker that hasn’t experienced something similar since early or mid-2018.As for the workers, primary metals manufacturers did keep adding jobs for the rest of 2018. But they began shedding them last April and now employ fewer people than when the tariffs were announced.As described in detail in the current Bloomberg Businessweek, the tariffs have directly harmed some U.S. steelmakers that depend on imported semi-finished steel slabs. For the most part, though, the industry’s troubles seem to be the product not of the metals tariffs but of a global industrial slump. The world’s biggest steelmaker, Luxembourg-based ArcelorMittal SA, has also experienced a big (45%) stock-price drop since mid-2018. Also, as someone who speculated back in March 2018 that the tariffs might help metals manufacturers at the expense of the much-larger industries that use that metal, I feel obliged to report that this doesn’t seem to have happened either, at least not in terms of employment.What does strike me, though, as I think of the industry sectors that President Trump has gone to bat for in a big way with tariffs and other forms of aid — metals makers, appliance manufacturers, coal miners, and oil and gas drillers sprang immediately to mind — is that hardly any of them have been having a great time of it lately, with all those I just named shedding jobs last year.(1) Meanwhile, the giant technology companies that have been recipients chiefly of the president’s ire keep chugging right along. The causes for these differing fortunes surely go way beyond White House policy, and it’s worth reiterating that the economy overall has been growing and creating jobs. But it does raise some questions about the president’s priorities.There is an unkind saying about Trump to the effect that everything he touches dies, a reference to the many past business failures with which he has been associated. It’s not entirely true — the Manhattan real estate business is still quite alive, despite his continued involvement in it — and the direction of causality isn’t always clear. With Trump’s economic interventions, maybe it’s just that the man is drawn to things that have their glory days behind them (like golf!). As someone who chose to pursue a career in journalism, I cannot help but have some sympathy with this worldview. But nostalgia seems like a counterproductive motivation for industrial policy. Picking winners is hard enough for a government to do successfully, but you’re stacking the deck against yourself if you focus most of your attention on the losers.On Tuesday, the president seemed to change his tune a bit on big tech, celebrating the stock-market gains of the “trillion-dollar club” of Google-parent Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. I wouldn’t make too much of that — on the same day the Federal Trade Commission, controlled by Trump appointees, ordered those four companies plus Facebook Inc. to cough up details of past acquisitions for an investigation that might eventually lead to antitrust action. But if Trump ever decides to help the tech giants, look out. A clearer sell signal would be hard to imagine.(1) According to the Bureau of Labor Statistics, there was an increase in employment in oil and gas extraction over the course of 2019, but an even bigger decrease in employment in "support activities for oil and gas extraction."To contact the author of this story: Justin Fox at justinfox@bloomberg.netTo contact the editor responsible for this story: Stacey Shick at sshick@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Alcoa Receives Additional Recognition for Environmental, Social and Governance (ESG) Performance
Alcoa Corporation, a global leader in bauxite, alumina and aluminum, has been recognized as the top aluminum industry performer in The Sustainability Yearbook 2020, a comprehensive guide that provides in-depth analysis on environmental, social and governance criteria (ESG).
- InvestorPlace
3 Beaten-Down Stocks to Sell Now
Coronavirus fears are fading, and stocks have officially returned to record highs. The Nasdaq Composite led the recovery, but the S&P 500 has now joined its tech-heavy brother by eclipsing January's peak. But bears still hold the upper hand in certain companies. These laggards are locked in downtrends, which makes them all attractive stocks to sell into the strength.Two of the weakest spots right now are metals and energy. I use the SPDR S&P Metals and Mining (NYSEARCA:XME), and the Energy Select Sector SPDR (NYSEARCA:XLE) to track both areas. Unlike, say, the industrial sector, which only fell a couple percent from its peak during the recent market misstep, XME and XLE were demolished.The former fell 16.7% from its December high, and the latter dropped 15.8%. Support levels were smashed and now loom large as potential resistance zones. And that has me eyeing which stocks in each fund are worth shorting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are three of the most vulnerable. Stocks to Sell: Alcoa (AA)Source: The thinkorswim® platform from TD Ameritrade To say Alcoa (NYSE:AA) has been decimated would be an understatement. AA stock has fallen 89% from its highs, and with the latest downturn now sits below its 2009 low. It's as if the 11-year bull market in stocks never happened. In 2016 Alcoa shares saw a one-for-three reverse split, which boosted its share price. Unfortunately, the fundamentals have deteriorated, plunging AA back into the abyss.We're now going on four consecutive earnings announcements with negative earnings per share. The distribution following January's report was relentless, with Alcoa stock falling 11 days in a row. An oversold bounce finally emerged, and AA has rallied for three days straight and is gapping higher this morning. * 7 Utility Stocks to Buy That Offer Juicy Dividends This creates a lower-risk entry for bears looking to game the downtrend.The Trade: Once AA breaks a previous day's low, buy April $17 puts or the April $17/$14 put spread. Exxon Mobil (XOM)Source: The thinkorswim® platform from TD Ameritrade Energy stocks have been abandoned in favor of the tech sector and other industries offering better growth potential. Plunging oil prices certainly haven't helped matters. The latest downturn in companies like Exxon Mobil (NYSE:XOM) has been particularly steep.The oil giant now is probing its lowest levels since 2010. The price reduction is so extreme that Exxon's dividend yield has risen to a juicy 5.8%. With its long history of failed rallies, it's hard to see how yesterday's bounce will prove anything more than a selling opportunity. The 20-day, 50-day and 200-day moving averages are all cruising lower, and a major old support zone stands atop the stock near $66 and should prove formidable resistance. * 7 Large-Cap Stocks to Buy For Insulation From Volatility And that's if we even get there. Buyers' resolve is being tested as energy continues to move into the red. Consider using a break of a prior day's low as your trigger. Option premiums are expensive, so I prefer spreads over buying puts outright.The Trade: Buy the April $62.50/$57.50 put spread. United Parcel Service (UPS)Source: The thinkorswim® platform from TD Ameritrade United Parcel Services (NYSE:UPS) rounds out our trio of stocks to sell with a clear bear retracement pattern. While it hasn't suffered as dramatic a downturn as its predecessors in recent years, last month's post-earnings whack was massive. The major support break and volume surge have me betting rallies will be short-lived.The selling pressure is simply too intense.I think yesterday's ramp offers a chance to deploy bearish trades. Implied volatility is high enough to make bear call spreads interesting. They offer a higher probability of profit than buying puts or shorting the stock, so we can profit even if UPS stock treads water for a few weeks.The Trade: Sell the March $110/$115 bear call spread for around 70 cents.As of this writing, Tyler Craig held bearish positions in UPS. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post 3 Beaten-Down Stocks to Sell Now appeared first on InvestorPlace.
- Zacks
The Truth About Market Timing - February 06, 2020
In the long-run, does consistent market timing really matter to be a successful investor?
- Business Wire
Alcoa Completes Sale of Gum Springs Waste Treatment Business
Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it has completed the sale of Elemental Environmental Solutions LLC (EES), a wholly-owned Alcoa subsidiary that operates a 1,300-acre hazardous waste treatment business in Gum Springs, Arkansas.
- Reuters
Alcoa says power restored to Australian plant after heat waves
Power to Alcoa Corp's Portland aluminium smelter has returned to normal levels after a blackout on Friday caused by heat waves in Australia's south, the company said in a statement on Monday. One of two transmission lines to the smelter remains out of service due to the outage, however, Alcoa added. "Focus has now turned to the repair of the damaged transmission line, which is essential to help safeguard the plant against further outages," Michael Gollschewski, the president of Alcoa of Australia, said in the statement.
- Reuters
Alcoa's Australian aluminium smelter hit by power cut amid heatwave
Alcoa Corp's Australian aluminium smelter was hit by a power cut on Friday after a transmission line tripped amid soaring temperatures in the country's southeast, the Australian Energy Market Operator said.
- Business Wire
Bauxite, Alumina Operations in Western Australia Receive Aluminium Stewardship Initiative (ASI) Certification
Alcoa Corporation, a global leader in bauxite, alumina and aluminum, today announced that its portfolio of bauxite mines and alumina refineries in Western Australia have received certification from the Aluminium Stewardship Initiative (ASI).
- Thomson Reuters StreetEvents
Edited Transcript of AA.N earnings conference call or presentation 15-Jan-20 10:00pm GMT
Q4 2019 Alcoa Corp Earnings Call
- MarketWatch
The China trade deal doesn’t protect American workers, or American interests
The phase one deal reached between the U.S. and China will increase the incentives to outsource U.S. jobs to China.
- Barrons.com
Tesla Stock Is Dropping, XPO Logistics Is Soaring, and the Dow Is Set to Open at a Record
STOCKSTOWATCHTODAY BLOG The stock-market rally continues. U.S. indexes are set to open at record levels. Dow Jones Industrial Average futures and S&P 500futures are up 0.3%. Nasdaq Composite futures are up 0.
- Zacks
Alcoa Corp. (AA) Reports Q4 Loss, Misses Revenue Estimates
Alcoa Corp. (AA) delivered earnings and revenue surprises of -40.91% and -1.07%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Barrons.com
Alcoa Stock Drops After Earnings. 2020 Could Be Another Tough Year.
The aluminum producer lost 31 cents a share, worse than the 21-cent loss Wall Street expected. The price of aluminum—Alcoa’s key commodity—are flat year over year. Falling commodity prices hurt results.
- Benzinga
Alcoa Reports Q4 Earnings Miss
Alcoa (NYSE: AA ) shares are trading lower in Wednesday's after-hours session after the company reported worse-than-expected fourth-quarter EPS and sales results. The company said it expects lower quarterly ...
- MarketWatch
Alcoa misses views, expects a global aluminum surplus for 2020
Shares of Alcoa Corp. wavered between gains and losses in the extended session Wednesday after the alumina and aluminum producer reported a larger-than-expected loss for the fourth quarter and its sales came in below expectations. Alcoa also said it is closing one alumina refinery as part of its multi-year "asset review process" and that is selling assets as previously announced. The company said it lost $303 million, or $1.63 a share, in the quarter, versus a profit of $51 million, or 27 cents a share, in the year-ago period. Adjusted for one-time items, the company lost $57 million, or 31 cents a share, versus earnings of 70 cents a share a year ago. Revenue came in at $2.4 billion, compared with $3.3 billion a year ago. Analysts polled by FactSet had expected Alcoa to report an adjusted loss of 21 cents a share on sales of $2.5 billion. Alcoa projected a global aluminium surplus for 2020 and a "balanced" alumina market for the year. The bauxite market is expected to be in a small surplus in 2020, Alcoa said.
- Business Wire
Alcoa Corporation Reports Fourth Quarter and Full-Year 2019 Results
Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today reported fourth quarter and full-year 2019 results.
