|Bid||0.00 x 4000|
|Ask||28.33 x 900|
|Day's Range||28.20 - 28.93|
|52 Week Range||25.01 - 62.35|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||23.56|
|Earnings Date||Apr 16, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||40.69|
Stocks that are cheaper aren't necessarily cheap. Sometimes, oversold stocks aren't necessarily the best stocks to buy. Sometimes, fallen angel stocks have fallen for good reason.But in the broad market selloff in the fourth quarter, it does look like investors dumped some good names. Housing and construction stocks, for instance, seem to be pricing in a recession. Semiconductor stocks have plunged, with investors reverting from pricing in secular growth to believing the sector is the same old cyclical story. In both cases--and in many other stocks' cases--investors have sold first, and asked questions later.These 5 oversold stocks are among that group. And all five are among the best stocks to buy right now, particularly for investors who believe the market has more upside coming in 2019. Each stock is down at least 30% over the past year. And each of these fallen angels has a path to recover those losses--and perhaps reach new highs. SEE ALSO FROM KIPLINGER: 18 Dividend Aristocrats That Have Gone on Deep Discount
US-China Trade Deficit Narrows: Will It Please Trump?(Continued from Prior Part)AlcoaIn the previous part, we noted that China’s steel exports rose in January. While China’s steel exports have been in a downtrend after hitting a record high in
The company will separate into one company focused on parts making and another on the production of aluminum sheets, Arconic said Friday in a statement as it reported fourth-quarter earnings. One of the units will be spun off, and Arconic will consider a sale of any operations that don’t fit into either of the businesses. “There are fundamentally different rhythms, return profiles, capital-allocation requirements” for the two business lines, Chief Executive Officer John Plant said on a call with analysts.
Financial support for China’s aluminum industry is “on an order of magnitude larger’’ than in other countries, distorting global supply and demand balances for the metal, Alcoa Chief Executive Officer Roy Harvey said in an interview at the company’s Pittsburgh headquarters. The comments come after the Organisation for Economic Co-operation and Development said in a report last month that China’s “unprecedented” increase in output has fueled concerns about excess capacity that’s depressing prices “and threatening the viability of producers worldwide.” Harvey’s views also suggest U.S. tariffs alone won’t be enough curb the flow of Chinese metal.
Elliott Management Corp. spent years pushing for changes at Arconic Inc. and its pre-breakup predecessor Alcoa Inc., arguing a better management team could steer the company toward higher profit margins. The hedge fund had a hand in picking at least seven of Arconic’s 13 board members, including CEO Chip Blankenship, whose one-year tenure ended abruptly on Wednesday as Arconic announced he would be replaced by Chairman John Plant. Elmer Doty, whom Elliott campaigned for as part of a 2017 proxy fight that saw former CEO Klaus Kleinfeld ousted, will be the chief operating officer.
After a tough year, Alcoa's stock regained its footing last month, but there's still a lot to think about before jumping aboard.
Alcoa Corporation today announced that John Slaven will join the Company as Executive Vice President and Chief Strategy Officer, effective February 4.
U.S. Steel’s 2019 Guidance: What You Need to Know(Continued from Prior Part)GuidanceAs we discussed previously, U.S. Steel (X) changed its guidance methodology during its fourth-quarter earnings release. The company has stopped providing its
NEW YORK, Jan. 31, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
IPS Worldwide LLC, which provides freight payment and contract management services to companies that include Stanley Black & Decker Inc., sought bankruptcy protection to keep creditors who are increasingly ...
Trump Credits His Tariffs for Reviving the US Steel IndustryUS steel industry On January 28, in a tweet, President Donald Trump said that the steel tariffs he imposed “have totally revived our Steel Industry.” He added that “new and expanded
Blistering heat triggered power outages on Australia's strained grid on Friday as demand for air-conditioning soared and coal-fired generators struggled to meet the surge in consumption. To shore up the grid, the Australian Energy Market Operator (AEMO) cut power to Alcoa Corp's Portland aluminium smelter, the biggest consumer in the state of Victoria, for nearly two hours on Thursday evening and on Friday. The record-breaking heatwave over the past week sent power prices soaring across southeastern Australia.
MGM Growth Properties, Alcoa, Arbor Realty Trust and Chatham Lodging Trust highlighted as Zacks Bull and Bear of the Day
Investors missed the cash payout that comes with a buyout, but patient money could do even better with a successful turnaround.
Alcoa expects worldwide demand for aluminum to grow by 3 to 4 percent this year, the slowest rate since the Great Recession. Here's what that could mean for the economy.
The industrial powerhouse expects the aluminum market to grow at its slowest pace since the Great Recession. What will that mean for the business?
Arconic Continues to Wait for Its Warren BuffettArconic Yesterday, Arconic (ARNC) fell 16% after the company announced that its board of directors has decided it will “no longer pursue a potential sale of the company as part of its strategy and
* China's exports of alumina in December fell by 37.9 percent from the previous month to 177,430 tonnes, according to data released by the General Administration of Customs on Wednesday. * The figure was up more than 3,700 percent from December 2017 after a year that saw China ship unusually high volumes of the substance used to make aluminium. * Full-year exports were 1.46 million tonnes in 2018, customs said, more than 25 times greater than the 2017 total.