Stock Blog Hub » Aluminum

(AA) Stock Market News for January 26, 2012 – Market News

vitalstocks — Thu, 26 Jan 2012 16:07:39 +0000

Markets recouped initial losses of and made a strong comeback after the Federal Reserve provided assurances that it would keep interest rates near zero until late 2014.The Dow hit its highest levels since May last year, while a robust earnings report from Apple propelled Nasdaq to a finish in the green. The Dow Jones Industrial [...]

(AA) Stock Market News for January 26, 2012 – Market News

(AA) Company News for January 9, 2012 – Corporate Summary

vitalstocks — Mon, 09 Jan 2012 16:34:51 +0000

• After RF Micro Devices Inc. (NASDAQ:RFMD) suggested that its fiscal third quarter revenues might fail to meet analyst’ estimates, its shares declined 19.5% on Friday • Following Transocean Ltd.’s (NYSE:RIG) announcement that its chief financial officer Ricardo Rosa will be stepping down, shares of the company slipped 1.1% • Shares of Alcoa, Inc. (NYSE:AA) [...]

(AA) Company News for January 9, 2012 – Corporate Summary

(AA) Stock Market News for October 26, 2011 – Market News

vitalstocks — Wed, 26 Oct 2011 16:19:11 +0000

The benchmarks’ three-day rally hit a roadblock as the lack of conviction among investors about European leaders finding a solution to the region’s debt crisis on Wednesday’s summit and disappointing domestic corporate earnings weighed down the markets. Markets reversed their winning streak and posted heavy losses with the Dow Jones Industrial Average (DJIA) plummeting 205 [...]

(AA) Stock Market News for October 26, 2011 – Market News

(AA) U.S. Market in Wait and See Mode

vitalstocks — Wed, 12 Oct 2011 22:52:06 +0000

With nothing major on the economic calendar today, the market will likely repeat Tuesday’s performance and remain in a wait-and-see mode for the earnings season to unfold. We had a fairly disappointing start to this reporting cycle on Tuesday, but no one is reading too much into Alcoa’s (AA) results. We have a handful of [...]

(AA) U.S. Market in Wait and See Mode

(AA) The Volcker Rule and Earnings – Economic Highlights

vitalstocks — Wed, 12 Oct 2011 22:51:39 +0000

(AA) The Volcker Rule and Earnings – Economic Highlights

(AA) Stock Market News for October 12, 2011 – Market News

vitalstocks — Wed, 12 Oct 2011 17:59:23 +0000

On Tuesday, markets ended mixed after trading in a tight range throughout the day, as investors anxiously waited for Slovakia’s vote for or against bolstering Europe’s financial rescue plan. Investors also eagerly awaitedAlcoa’s quarterly results, which would kick-start the third quarter earnings season. The Dow Jones Industrial Average (DJIA) fluctuated between small gains and losses [...]

(AA) Stock Market News for October 12, 2011 – Market News

(AA) Stock Market News for September 29, 2011 – Market News

vitalstocks — Thu, 29 Sep 2011 20:25:50 +0000

Benchmarks snapped their three-day winning streak as investors grew anxious about Europe’s lingering debt crisis that is now threatening the global economy. Commodity shares dragged down indices as energy and raw materials lost their sheen after a steep drop in their prices. The Dow Jones Industrial Average (DJIA) dropped 1.6% to settle at 11,010.90. The [...]

(AA) Stock Market News for September 29, 2011 – Market News

(AA) Stock Market News for September 23, 2011 – Market News

vitalstocks — Sat, 24 Sep 2011 18:27:13 +0000

A heavy sell-off in the markets on Thursday triggered by policymakers’ failure to combat global recessionary fears battered the benchmarks to their heaviest single-day fall in five weeks. While the fear-gauge soared 12% and the sell-off entered into its fourth-straight day, the Dow had slumped by as much as 527 points at one point during [...]

(AA) Stock Market News for September 23, 2011 – Market News

(AA) Stock Market News for September 12, 2011 – Market News

vitalstocks — Mon, 12 Sep 2011 17:14:22 +0000

On Friday fears of Greece defaulting on its debt and a top German official’s resignation from the European Central Bank heightened concerns about the economic situation, which subsequently rattled the US markets. Concerns from Europe overshadowed President Barack Obama’s $447 billion stimulus program as investors remained skeptical about his administration’s ability to actually rescue the [...]

(AA) Stock Market News for September 12, 2011 – Market News

(AA) Stock Market News for August 16, 2011 – Market News

vitalstocks — Tue, 16 Aug 2011 17:01:10 +0000

In what is being termed as the return of “Merger Monday”, an acquisition spree gave a boost to markets which posted its longest rally since early July. Additionally, positive economic news from Japan also brought joy to the markets and helped the Dow record its best three-day point gains since November 2008. The Dow Jones [...]

(AA) Stock Market News for August 16, 2011 – Market News

(AA) Stock Market News for August 10, 2011 – Market News

vitalstocks — Wed, 10 Aug 2011 20:40:05 +0000

An unprecedented step by the Federal Reserve to keep the interest rate near zero for another two years returned cheer to the markets as the Dow soared up by 429 points. The Street finally enjoyed one of its best days in two years a day after it was sent crashing following Standard & Poor’s downgrade [...]

(AA) Stock Market News for August 10, 2011 – Market News

(AA) Stock Market News for August 5, 2011 – Market News

vitalstocks — Fri, 05 Aug 2011 16:18:15 +0000

The specter of another recession haunted investors and dealt a body blow to the markets which crashed to their worst day since the economic crisis of 2008. On Wednesday, just when the Dow looked like ending its longest losing streak of nine days since Jimmy Carter held office, the index plunged over 500 points to [...]

(AA) Stock Market News for August 5, 2011 – Market News

(AA) Stock Market News for July 28, 2011 – Market News

vitalstocks — Thu, 28 Jul 2011 16:36:20 +0000

With no resolution in sight to the debt ceiling issue, heightened anxiety among investors led the benchmarks lower for the third consecutive day and markets posted their worst day in eight weeks. Adding to the woes, economic sluggishness continued to foster negative sentiments as the Dow seems to be en route to its biggest weekly [...]

(AA) Stock Market News for July 28, 2011 – Market News

(AA) Stock Market News for July 15, 2011 – Market News

vitalstocks — Sat, 16 Jul 2011 21:32:43 +0000

Comments from Federal Chairman Ben Bernanke on the second day of his testimony to Congress dragged the markets into negative territory as he quelled all hopes of a third round of economic stimulus. Economic reports ahead of the opening bell had been encouraging, but failed to sustain the momentum as Bernanke dashed investors’ hopes and [...]

(AA) Stock Market News for July 15, 2011 – Market News

(AA) Company News for July 12, 2011 – Corporate Summary

vitalstocks — Tue, 12 Jul 2011 16:54:41 +0000

• Alcoa (NYSE:AA) posted Q2 EPS of $0.32, lower than the Zacks Consensus Estimates of $0.34 per share. Revenues for the quarter rose 27% year-over-year to $6.59 billion • Swiss chemicals company Lonza Group (CH:LONN) will buy biocide firm Arch Chemicals, Inc. (NYSE:ARJ) in deal valued at $1.4 billion. Following this development, shares of Arch [...]

(AA) Company News for July 12, 2011 – Corporate Summary

(AA) Employment Numbers Stink – Bureau of Labor Statistics

vitalstocks — Fri, 08 Jul 2011 20:49:36 +0000

Wow — this is a big miss. With analysts expecting 125,000 new jobs created in the the month of June, the Bureau of Labor Statistics (BLS) has just released the June nonfarm payroll numbers: a whopping total of 18,000 new jobs. This is also a surprise considering yesterday’s better-than-expected ADP employment numbers. So those who [...]

(AA) Employment Numbers Stink – Bureau of Labor Statistics

(AA) Stock Market News for July 5, 2011 – Market News

vitalstocks — Tue, 05 Jul 2011 14:21:44 +0000

Markets skyrocketed to post their best weekly performance in two years as investor sentiment was bolstered by optimistic economic reports that somewhat washed out fears of a sluggish economic recovery. The Dow, in particular, had a great run, collecting 648 points over the week. This was its best weekly performance since November 2008. The Dow [...]

(AA) Stock Market News for July 5, 2011 – Market News

(AA) Alcoa & Saudi Arabian Mining Company, Ma’aden Secure $1 Billion Loan

vitalstocks — Tue, 05 Jul 2011 13:52:09 +0000

Saudi Arabian Mining Company, Ma’aden and Alcoa Inc. (AA) have secured $1 billion loan from Public Investment Funds (PIF) for phase II of aluminum project in Saudi Arabia. The loan amount will finance the Ma’aden Bauxite and Alumina Company, which is owned 74.9% by Ma’aden and 25.1% by Alcoa. Ma’aden Bauxite and Alumina Company consist [...]

(AA) Alcoa & Saudi Arabian Mining Company, Ma’aden Secure $1 Billion Loan

(AA) A Week of Macro Indicators

vitalstocks — Tue, 05 Jul 2011 13:51:19 +0000

Fresh from an extended 4th of July weekend, traders and investors must re-engage the markets and their myriad questions — debt ceiling getting raised? Greek bailout? etc. — to hopefully better navigate the turbulence that has claimed the trading market all season thus far. Earnings season kicks off next week with Alcoa (AA) posting its [...]

(AA) A Week of Macro Indicators

(AA) Alcoa Wins $1 Billion Contract

vitalstocks — Mon, 27 Jun 2011 15:17:11 +0000

Alcoa Inc. (AA) the largest U.S. aluminum producer was awarded a $1 billion multiyear supply agreement with aerospace firm Airbus for aluminum sheet and plate products. As per the agreement, Alcoa’s products will be used in nearly all Airbus commercial aircraft programs including the fuselage panels, structural components and wing skins. Alcoa’s flat rolled products [...]

(AA) Alcoa Wins $1 Billion Contract

(AA) Alcoa in Joint Venture

vitalstocks — Tue, 21 Jun 2011 18:57:53 +0000

Alcoa Inc.(AA) the largest U.S. aluminum producer, signed a memorandum with JSC Holding Inter-regional Distribution Grid Companies (JSC Holding IDGC), OJSC RUSNANO to set up a joint venture to develop and produce nano-coatings. The new JV project will manufacture anti-icing nano-coatings for use in ground wires, cables and other parts of power transmission lines. In [...]

(AA) Alcoa in Joint Venture

(AA) Alcoa Re-aligns for China

vitalstocks — Sun, 19 Jun 2011 13:33:46 +0000

Alcoa Inc. (AA) stated that the company’s Asia-Pacific regional headquarters will report to Alcoa’s Business Excellence and Corporate Strategy organization, which is part of an initiative to support the expanding footprint of Alcoa’s three business groups in the fast-growing and strategically important Chinese market. This change goes into effect on July 1, 2011. Asia-Pacific President [...]

(AA) Alcoa Re-aligns for China

(AA) Stock Market News for May 19, 2011 – Market News

vitalstocks — Thu, 19 May 2011 20:26:51 +0000

Markets benefited once again from commodities on Wednesday, as a rebound in that sector not only lifted the broader markets but dragged the indices out of the negative territory. Meanwhile, Fed minutes and a positive earnings report from bellwether Dell added to the cheer. The Dow Jones Industrial Average (DJIA) gained 0.6% and settled at [...]

(AA) Stock Market News for May 19, 2011 – Market News

(AA) Stock Market News for May 18, 2011 – Market News

vitalstocks — Wed, 18 May 2011 15:20:43 +0000

Lukewarm economic data discouraged investors as it showed further signs of economic weakness and coupled with the negative outlook from Hewlett-Packard Company, the markets continued its stay in the red. However, on the back of favorable corporate results, the indices showed some resistance to limit its losses but could not prevent the markets from declining [...]

(AA) Stock Market News for May 18, 2011 – Market News

(AA) Company News for May 03, 2011 – Corporate Summary

vitalstocks — Tue, 03 May 2011 17:53:35 +0000

• Arch Coal, Inc. (NYSE:ACI) and International Coal Group, Inc. (NYSE:ICO) announced that they have signed a definitive agreement under which Arch will acquire all of the outstanding shares of ICG for $14.60 per share in an all-cash transaction valued at $3.4 billion • Teva Pharmaceutical (NASDAQ:TEVA) and Cephalon (NASDAQ:CEPH) said that their respective boards [...]

(AA) Company News for May 03, 2011 – Corporate Summary

(AA) Stock Market News for April 19, 2011 – Market News

vitalstocks — Tue, 19 Apr 2011 19:28:10 +0000

Markets suffered their biggest fall of the month as Standard & Poor downgraded long-term US sovereign debt rating to “negative” based on the country’s incremental budget deficit. European sovereign debt worries and China’s move to increase bank’s reserve ratio requirements added to the gloom. The Dow Jones Industrial Average (DJIA) slipped 1.14% to 12,201.59. During [...]

(AA) Stock Market News for April 19, 2011 – Market News

(AA) Market Net Margin Expansion Slowing

vitalstocks — Tue, 19 Apr 2011 13:18:21 +0000

While the first quarter earnings season “officially” kicked off last week when Alcoa (AA) reported, it was a slow start. We have just 32 (6.4%) first quarter reports in. It will pick up steam this week, when 111 members of the S&P 500 are due to report. This week’s reporters are a virtual who’s who [...]

(AA) Market Net Margin Expansion Slowing

(AA) Alcoa Sells $1.25 Billion Notes

vitalstocks — Mon, 18 Apr 2011 14:38:50 +0000

Alcoa Inc. (AA), the largest U.S. aluminum producer, has planned to raise capital by issuing public notes of $1.25 billion. The company expects net proceeds of more than $1.24 billion from the sale of these 5.40% notes due April 15, 2021. The transaction is expected to close on April 21, 2011. The Pittsburgh-based aluminum mining [...]

(AA) Alcoa Sells $1.25 Billion Notes

(AA) Stock Market News for April 14, 2011 – Market News

vitalstocks — Thu, 14 Apr 2011 16:20:20 +0000

On Wednesday, a choppy session finally came to a close with the benchmarks gaining modest points as the Federal Reserve provided assurances that the economy was improving and President Barack Obama announced plans to cut the U.S. budget deficit by $4 trillion over the next 12 years. Initially, the markets were helped by upbeat earnings [...]

(AA) Stock Market News for April 14, 2011 – Market News

(AA) Alcoa Quarterly Earnings Beat by a Penny

vitalstocks — Wed, 13 Apr 2011 21:58:06 +0000

Alcoa Inc. (AA) the largest U.S. aluminum producer has kicked off another earnings season with its first quarter posting an EPS of 28 cents and exceeding the Zacks Consensus Estimate by a penny. This excludes the negative impact of special items or 1 cent per share, including which the EPS is 27 cents per share. [...]

(AA) Alcoa Quarterly Earnings Beat by a Penny

(AA) Stock Market News for April 13, 2011 – Market News

vitalstocks — Wed, 13 Apr 2011 18:15:43 +0000

Disappointing earnings result from Alcoa, declining crude prices, the worsening Japanese nuclear crisis and lower forecasts for economic growth combined to take the markets significantly lower on Tuesday. The Dow lost more than 100 points, heavily dragged by a 6% slide in Alcoa’s shares, while the other benchmarks inched down by almost a percentage. The [...]

(AA) Stock Market News for April 13, 2011 – Market News

(AA) Earnings Season Now Underway

vitalstocks — Wed, 13 Apr 2011 17:01:19 +0000

The fourth quarter earnings season is over, and now the focus turns to the first quarter. While it “officially” kicks off after the bell today when Alcoa (AA) reports, we already have 26 (5.2%) first quarter reports in from the S&P 500. Alcoa, though, like the Master’s — is but the first of the majors. [...]

(AA) Earnings Season Now Underway

(AA) Company News for April 12, 2011 – Corporate Summary

vitalstocks — Tue, 12 Apr 2011 17:57:19 +0000

• Level 3 Communications (NASDAQ:LVLT) and Global Crossing Limited (NASDAQ:GLBC) have entered into a agreement under which Level 3 will acquire Global Crossing in a stock-for-stock transaction • Endo Pharmaceuticals’ (NASDAQ:ENDP) said that it would buy urological medical device supplier American Medical Systems (NASDAQ:AMMD) for about $2.6 billion • Alcoa (NYSE:AA) reported Q1 EPS of $0.28, ex-items, ahead [...]

(AA) Company News for April 12, 2011 – Corporate Summary

(AA) Stock Market News for April 12, 2011 – Market News

vitalstocks — Tue, 12 Apr 2011 17:57:15 +0000

Markets shed a few points, on Monday, as investors remained concerned about companies missing their earnings estimates. Lower oil prices pulled back the energy sector while blue chips managed moderate gains and outpaced the broader market. The Dow Jones Industrial Average (DJIA) happened to be the only gainer among the benchmarks as it increased marginally, [...]

(AA) Stock Market News for April 12, 2011 – Market News

(AA) Alcoa Acquires TransDigm Group’s Aerospace Fastener Business

vitalstocks — Tue, 29 Mar 2011 14:40:28 +0000

Alcoa Inc. (AA) the world’s leading producer of aluminum completed the acquisition of TransDigm Group Inc.’s (TDG) aerospace fastener business for $240 million. The transaction is expected to be accretive to the earnings and cash flow in the first year. TansDigm’s aerospace fastener business will become a part of Alcoa Fastening Systems (AFS), a leading [...]

(AA) Alcoa Acquires TransDigm Group’s Aerospace Fastener Business

(AA) Stock Market News for March 24, 2011 – Market News

vitalstocks — Fri, 25 Mar 2011 16:09:49 +0000

Materials stocks took the markets modestly ahead over hopes of rebuilding after an earthquake and tsunami ravaged Japan. Weak US new home sales data took the markets to session lows during the day before rebuilding hopes pumped in modest momentum. However, the day saw very tight volumes, reflecting investors’ concern over global worries and bank-dividend [...]

(AA) Stock Market News for March 24, 2011 – Market News

(AA) Stock Market News for February 22, 2011 – Market News

vitalstocks — Tue, 22 Feb 2011 22:11:28 +0000

The markets registered their third straight week of gains as the indices closed with multi-year highs on Friday. China’s measures to curb inflation and continuing tension in the Middle East failed to cause any damage to the markets as energy stocks led the indices higher. On Friday, markets closed after a third straight week of [...]

(AA) Stock Market News for February 22, 2011 – Market News

(AA) Aluminum Commodity is Gaining Momentum

InvestmentU — Tue, 15 Feb 2011 22:45:20 +0000

by Tony D’Altorio, Investment U Research Tuesday, February 15, 2011 With some base metals smashing record highs, it’s difficult to focus on lackluster aluminum. Copper, for instance – a hedge fund favorite – hit a new high of $10,000 a metric ton on the London Metals Exchange last week. Aluminum just can’t compare, despite being [...]

(AA) Aluminum Commodity is Gaining Momentum

(AA) Stock Market News for February 10, 2011 – Market News

vitalstocks — Thu, 10 Feb 2011 17:34:36 +0000

On Wednesday, the markets shed their winning gains to close almost flat as cautious investors booked profits after downbeat comments from Federal Reserve chief Ben Bernanke. Although the Dow gained slightly recording new highs, other benchmarks including S&P 500 and the tech-laden Nasdaq fell slightly. The Dow Jones Industrial Average ended the day up 6.74 [...]

(AA) Stock Market News for February 10, 2011 – Market News

(AA) Stock Market News for Feb 02, 2011 – Market News

vitalstocks — Thu, 03 Feb 2011 05:44:03 +0000

Markets rose to fresh new highs as positive economic data and strong earnings results from energy stocks led the rally. The Dow closed above the 12,000 mark for the first time since June 2008 thanks to strong gains by Exxon Mobil (NYSE:XOM), Alcoa (NYSE:AA) and Pfizer (NYSE:PFE). The blue-chip index surged 148.23 points or 1.25% [...]

(AA) Stock Market News for Feb 02, 2011 – Market News

(AA) Stock Market News for January 21, 2011 – Market News

vitalstocks — Tue, 01 Feb 2011 06:37:44 +0000

Fears of additional tightening measures by China to control inflation turned investors jittery on Thursday as markets shed a few points. Lackluster and mixed earnings reports did little to restore investors’ faith. However, positive economic data helped the indices avoid a big fall. Stronger than expected economic data from China in the fourth quarter of [...]

(AA) Stock Market News for January 21, 2011 – Market News

(AA) Stock Market News for January 25, 2011 – Market News

vitalstocks — Thu, 27 Jan 2011 13:34:21 +0000

A strong rally led by natural resources and tech shares helped markets to close in the green with the Dow nearing its psychological 12000 mark for the first time since June 2008. Tech stocks zoomed after chip maker Intel announced increased dividends and possible buy back of shares. The Dow Jones Industrial Average gained 0.92% [...]

(AA) Stock Market News for January 25, 2011 – Market News

(AA) Stock Market News for January 14, 2011 – Market News

vitalstocks — Fri, 14 Jan 2011 21:50:14 +0000

On Thursday, markets ended marginally lower and shed gains from the previous session. The dismal show of the indices yesterday was primarily due to disappointing economic data. However, successful bond auctions in Europe somewhat soothed investors’ frayed nerves. The Dow was down 0.2% and closed at 11,731.9. The S&P 500 lost 0.2% and ended the [...]

(AA) Stock Market News for January 14, 2011 – Market News

(AA) Company News for January 03, 2011 – Corporate Summary

vitalstocks — Tue, 04 Jan 2011 23:55:19 +0000

• Goldman Sachs (NYSE:GS) has invested $450.0 million in social networking firm Facebook, and is planning to invest another $1.5 billion, making the value of the site at about $50 billion • Bank of America (NYSE:BAC) has reported fourth quarter charges of $3 billion on its GSE exposure, and $2 billion in its insurance unit • Johnson & [...]

(AA) Company News for January 03, 2011 – Corporate Summary

(AA) Stock Market News for January 4, 2011 – Market News

vitalstocks — Tue, 04 Jan 2011 18:34:06 +0000

Markets greeted investors with New Year wishes as they closed higher and major benchmarks set new records on Monday. Robust growth in manufacturing and a better-than-expected construction spending report helped the indices post significant gains. Investors can take lot of heart from this positive start as historical data suggests that markets opening up with gains [...]

(AA) Stock Market News for January 4, 2011 – Market News

(AA) Stock Market News for December 2, 2010 – Market News

vitalstocks — Fri, 03 Dec 2010 06:33:13 +0000

U.S. stocks kicked off December on a solid note, with major averages climbing at least 2%, as a batch of upbeat economic data from the United States and China helped investors set aside eurozone contagion worries. The rally was led by material and energy shares. The blue-chip Dow Jones Industrial Average jumped almost 250 points, [...]

(AA) Stock Market News for December 2, 2010 – Market News

(AA) Stock Market News for November 3, 2010 – Market News

vitalstocks — Wed, 03 Nov 2010 14:43:58 +0000

Stocks advanced broadly on Tuesday as investors turned their focus toward the results of mid-term elections and a two-day Federal Reserve meeting that is expected to unveil more measures to revive the economy. The advance sent the Dow average to its highest close in more than six months as most of its components marked gains [...]

(AA) Stock Market News for November 3, 2010 – Market News

(AA) Stock Market News for October 26, 2010 – Market News

vitalstocks — Tue, 26 Oct 2010 15:52:53 +0000

U.S. stocks rose to their highest level since April amid renewed hopes that the Fed would soon initiate steps to stimulate economic growth. A jump in commodity prices, aided by a falling dollar, also helped push stocks higher and the blue-chip Dow average closed at its highest level since late April. Twenty-three of the 30 [...]

(AA) Stock Market News for October 26, 2010 – Market News

(AA) Stock Market News for October 20, 2010 – Market News

vitalstocks — Wed, 20 Oct 2010 16:32:26 +0000

China’s surprise decision to raise interest rates took a toll on global markets as concerns mounted the move would slow the country’s economy and have a ripple-down effect. With the foreclosure crisis keeping investors on tenterhooks, Beijing’s decision to tighten rates came at a rather inappropriate time. The Dow average dropped below 11,000 for the [...]

(AA) Stock Market News for October 20, 2010 – Market News

(AA) Five Windows into the Economic World – Economic Resurgence

InvestmentU — Thu, 14 Oct 2010 19:37:45 +0000

by Matthew Weinschenk, Contributing Editor Thursday, October 14, 2010: Issue #1366 Forget the Four Horsemen of the Apocalypse. While they foretold the end of days, there are five new riders in town, with a new prophecy: There will be no double-dip recession. The market will rally. The economy will recover. The reason for the confidence? [...]

(AA) Five Windows into the Economic World – Economic Resurgence