|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.92 - 15.38|
|52 Week Range||9.24 - 17.06|
|PE Ratio (TTM)||81.76|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Metals seem to be getting back into the swing of things, with higher prices and profits amid predictions of ongoing global economic growth. E*Trade's David Russell writes that options traders too are returning to the sector, and yesterday saw them pile into Alcoa (AA), buying up 10,000 October 42 calls for $1.30. Russell writes that yesterday's contracts could double if Alcoa rises 11% to $44.20 by the expiration, or even triple if it reaches $45.90.
European companies are being told by their advisers to open up and engage more with existing shareholders to fend off the increasing threat from activist investors, who force strategy changes to push up a target's share price. Activist investors are mostly hedge funds managing tens of billions of dollars of capital. The largest ones are from the U.S. and, having had success in North America and benefiting from a stronger dollar, they are flush with cash and looking for opportunities further afield.
Let's take a look at the biggest gaining and declining sectors in the S&P 500 midmorning. Specialty telecommunications was in the top spot, helped by CenturyLink (CTL) and Level 3 Communications (LVLT). ...