These stocks are worth keeping an eye on as President Trump has implemented a 25% tariff on imported steel and aluminum products.
Bloomberg News Metals & Mining Reporter Joe Deaux joins Bloomberg Businessweek to discuss President Trump's plans to impose 25% tariffs on steel and aluminum imports. -------- More on Bloomberg Television and Markets Like this video?
If price action is any indication of what the market is thinking, investors can check the stocks that led the industry over the past week. The industry has seen a spike in volatility as a result of President Trump's latest round of tariffs.
Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies, following in the footsteps of manufacturing giants like General Electric and Alcoa.The company said Thursday that it will separate from its automation and aerospace technologies businesses. Including plans announced earlier to spin off its advanced materials business, Honeywell will consist of three smaller entities in hopes that they will each be more agile.
Alcoa latest earnings report for Q4 2024 showed strong financial improvements with the company reporting sales of $3.49 billion, a significant increase from $2.6 billion in Q4 2023. It also swung to profitability, reporting net income of $202 million, compared to a net loss of $150 million a year ago.
Alcoa Corporation closed FY24 with a strong macroeconomic backdrop, realizing revenue and margin growth resulting from strong aluminum and alumina pricing and volumes shipped. AA stock is well-positioned to benefit from potential trade restrictions and tariffs, with a strong global presence and flexible operational routes. Risks include potential negative impacts from trade wars and economic recoveries in China and Europe, which may affect pricing and shipment routes.
AA reports fourth-quarter 2024 results, wherein its revenues increase 20% year over year.
Alcoa, EnerSys, Chart Industries and Packaging Corp are included in this Analyst Blog.
Alcoa Corporation (NYSE:AA ) Q4 2024 Earnings Conference Call January 22, 2025 5:00 PM ET Company Participants Louis Langlois - SVP, Treasury & Capital Markets William Oplinger - President & CEO Molly Beerman - EVP & CFO Conference Call Participants Katja Jancic - BMO Capital Markets Lawson Winder - Bank of America Securities Daniel Major - UBS Carlos de Alva - Morgan Stanley Nick Giles - B. Riley Securities Chris LaFemina - Jefferies Michael Dudas - Vertical Research Timna Tanners - Wolfe Research Bennett Moore - JPMorgan Operator Good afternoon, and welcome to the Alcoa Corporation Fourth Quarter and Full Year 2024 Earnings Presentation and Conference Call.
The headline numbers for Alcoa (AA) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
William Oplinger, Alcoa CEO, joins 'Closing Bell Overtime' to talk its Q4 earnings results and its 2024 full-year results as its stock pops in overtime.
An uptick in industrial production will boost stocks like AA, ENS, GTLS and PKG.