Let us have it. Alcoa just reported its strongest quarter ever. On Thursday, Alcoa reported its best results ever.
Investors see short-term weakness in the price for aluminum.
I agree that commodities producers could be poor performers over the balance of the year. The cautionary case for Alcoa is further strengthened because the stock has had a great run. That ascent is something you'd expect from a tech stock. Since then, as signs of the weakening aluminum market have emerged, shares have pulled back. Alcoa is the Western world's largest aluminum producer, and it will become even bigger once it completes the acquisition of Reynolds Metals.