Alcoa (AA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Get a deeper insight into the potential performance of Alcoa (AA) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Alcoa Corporation shares rose over 2% after announcing preliminary financial results for the second quarter of fiscal year 2024. Revenue for the quarter is expected to exceed last year's figures and analysts' expectations, driven by higher sales prices and shipment volumes. Management remains optimistic about the future, with plans to boost profitability and progress on key initiatives like the Alumina Limited acquisition and ELYSIS technology.
Alcoa Corp (NYSE:AA) stock is down 3.8% to trade at $38.78 at last check, looking to log its third-straight daily loss after its early July rally lost steam at the $43 mark.
Alcoa (AA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As the global economy faces numerous headwinds, including fluctuating commodity prices and economic uncertainty, certain materials stocks are increasingly risky investments. Here are three materials stocks to sell to reduce exposure to this market cyclicality.
Alcoa is expected to publish its Q2 2024 results around July 17, reporting on a quarter that saw aluminum prices pick up notably. Alcoa stock has fared well this year, rising by 17% since early January.
Investors should take Wall Street's view of a particular sector or stock with a grain of salt, as there are typically conflicts of interest behind these views. Think about it: if an analyst working for an investment bank decides that a company's future is bearish, that analyst could risk losing his or her job over a particular stock's rating.
The S&P 500 continues to enjoy a solid run as the improving macro environment, coupled with the AI optimism and recent stock upgrades, provides solid support for risk assets. Last week, Goldman Sachs (NYSE: GS ) increased its year-end forecast for the S&P 500 Index to 5,600, up from the previous target of 5,200.
Are stocks set to rip higher in the second half of 2024? Or will investors be in for a nasty October surprise?
Here is how Alcoa (AA) and Intellicheck Mobilisa, Inc. (IDN) have performed compared to their sector so far this year.
Morgan Stanley analyst Carlos De Alba has upgraded Freeport-McMoRan Inc FCX, Alcoa Corp AA, and Compañía de Minas Buenaventura SAA BVN to Overweight, citing persistent copper supply challenges and positive developments within these companies.