I can see a lot of bears but earnings stand at approx $1.5 for the quarter. This extrapolates to $6.0 for the year implying a $90 price for the stock at a 15 P/E. Conservatively if we assume only 50% chance for this to be a sustainable trend, the stock price should go to $45-50. Why metal prices would go down at the beginning of an economic cycle? Most electric cars, that are megatrend, want Al. My bet is that this will go to $50 over one year and to $40 over the next 2 weeks, once the short term games are exhausted.
S
Wow AA up over 11% on the day. I just bought in yesterday. I’m tempted to just take the quick profit here.
i
(http://Stocks-tracker.com) is a must for any trader. Their watchlist which covers pre-market movers is one of the best researched in the industry. I don’t start trading without reading their daily email each morning!
R
Just curious what happens when prices eventually correct to historical norms. 🤔
Alcoa Corp. AA, -1.71% said late Thursday it reached record earnings and per-share profit in the second quarter as its aluminum prices rose more than 60% year-on-year.
J
(RTTNews) - Below are the earnings highlights for Alcoa Corp. (AA):
-Earnings: $309 million in Q2 vs. -$197 million in the same period last year. -EPS: $1.63 in Q2 vs. -$1.06 in the same period last year. -Excluding items, Alcoa Corp. reported adjusted earnings of $281 million or $1.49 per share for the period. -Analysts projected $1.34 per share -Revenue: $2.83 billion in Q2 vs. $2.15 billion in the same period last year.
F
Any normal stock would be up $2.00 min, they beat net earnings by 14 cents ($1.63) Beat revenue 2.83 billion verses forecast of 2.61 billion,after hours quote was $34.85, BUT that was at 4:32 and none after that on the site I use,if this doesn't go up 2-3 bucks tomorrow,I'll dump it,because there's something we're not seeing that others may know,we'll see.
18 more minutes left in after hours trade and people are selling on the earnings news.
B
This happened the quarter before last. The price was around $26.00 per share. After the earnings report the shares tanked all the way down to $18.00, then it climbed to a high of $44.00. This stock is being manipulated. I’d love to see the Reddit ape army grab on to this one!
D
Hmm...the name of the game today is push lower and lower and lower....I've been through this before. "Market mobs" are likely trying to wipe out as many as possible and position for a gap up on Mon when they will sell back to some of you at 2-5% premium. Besides this is the 4th day of negative with a huge push downwards on positive earning news. I don't know to what level this will be driven today, maybe to 32.50 or even 32.00? I will accumulate and report the avg price at the end of the day and then will see on Mon where we are. Tough game but nerves of steel and confidence in high Al prices being here for longer, will prevail. Good luck to everyone!
R
Buy the rumor and sell the news. I believe the markets see this cycle topping out and a correction of prices have to occur at some point. Nothing grows forever and smart money is always the first to exit. Maybe it’s time to watch from the sidelines for awhile.
D
Stay course and make money with Alcoa. It looks it's headed to 40 as I predicted 5 days ago (see my other post). Al prices are on the uptrend and this stock is likely headed to 40 near term with next resistance level at 50. Short term beating down games appear to have subsided.
D
For the day, the chart says the stock will hit approx $34.20 in the next hour or so. Then if it manages to climb to $35 from there, next resistance will be $37. There is a 60-70% chance though that once it hits $34.20, it will retrace to $33.00-33.50 before resuming a more solid uptrend. It's just chart play with decision points at some targets based on what other participants react.
Y
$AA going down on a GS Conviction Buy and $JNJ going up on bankruptcy news. #$%$ IS HAPPENING????
D
Thanks for the 1k shares at $34.48. Much appreciated!!!
T
I hold another metal miner , but I watch y'all ............Boy it's good to see you bounce.
W
Alcoa upgraded from neutral to buy by Citigroup [MT Newswires @ 0808 ET].
a
Strange price actions of AA, hope that there is nothing wrong, we try to do the math Abd follow logic Abd fundamentals, but it seems the market does not care any more about strong fundamentals and good companies
D
Options straddle was 6.5% off $35, that means $32.86 at the lower end. The target was hit and the bet owner made his money. Now what?
Alcoa Corp. AA, -1.71% said late Thursday it reached record earnings and per-share profit in the second quarter as its aluminum prices rose more than 60% year-on-year.
-Earnings: $309 million in Q2 vs. -$197 million in the same period last year. -EPS: $1.63 in Q2 vs. -$1.06 in the same period last year. -Excluding items, Alcoa Corp. reported adjusted earnings of $281 million or $1.49 per share for the period. -Analysts projected $1.34 per share -Revenue: $2.83 billion in Q2 vs. $2.15 billion in the same period last year.
they beat net earnings by 14 cents ($1.63)
Beat revenue 2.83 billion verses forecast of
2.61 billion,after hours quote was $34.85,
BUT that was at 4:32 and none after that on
the site I use,if this doesn't go up 2-3 bucks
tomorrow,I'll dump it,because there's something
we're not seeing that others may know,we'll see.