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400.0

2023-10-22 00:00:00 UTC

Alcoa Corp Shares Close in on 52-Week Low - Market Mover

AA

https://www.nasdaq.com/articles/alcoa-corp-shares-close-in-on-52-week-low-market-mover

Alcoa Corp (AA) shares closed today at 0.6% above its 52 week low of $23.26, giving the company a market cap of $4B. The stock is currently down 46.8% year-to-date, down 40.9% over the past 12 months, and down 38.1% over the past five years. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 2.4%. Trading Activity Trading volume this week was 47.0% higher than the 20-day average. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. MACD, a trend-following momentum indicator, indicates a downward trend. The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 432.3% The company's stock price performance over the past 12 months lags the peer average by 2737.5% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa Corp (AA) shares closed today at 0.6% above its 52 week low of $23.26, giving the company a market cap of $4B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. The stock closed below its Bollinger band, indicating it may be oversold.

Alcoa Corp (AA) shares closed today at 0.6% above its 52 week low of $23.26, giving the company a market cap of $4B. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.

Alcoa Corp (AA) shares closed today at 0.6% above its 52 week low of $23.26, giving the company a market cap of $4B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 432.3% The company's stock price performance over the past 12 months lags the peer average by 2737.5% This story was produced by the Kwhen Automated News Generator.

Alcoa Corp (AA) shares closed today at 0.6% above its 52 week low of $23.26, giving the company a market cap of $4B. This week, the Dow Jones Industrial Average fell 1.6%, and the S&P 500 fell 2.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.

401.0

2023-10-20 00:00:00 UTC

B. Riley Securities Maintains Alcoa (AA) Neutral Recommendation

AA

https://www.nasdaq.com/articles/b.-riley-securities-maintains-alcoa-aa-neutral-recommendation-1

Fintel reports that on October 20, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. Analyst Price Forecast Suggests 57.93% Upside As of October 5, 2023, the average one-year price target for Alcoa is 37.90. The forecasts range from a low of 25.25 to a high of $57.75. The average price target represents an increase of 57.93% from its latest reported closing price of 24.00. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 15.14%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On July 27, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 8, 2023 received the payment on August 24, 2023. Previously, the company paid $0.10 per share. At the current share price of $24.00 / share, the stock's dividend yield is 1.67%. Looking back five years and taking a sample every week, the average dividend yield has been 1.67%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.15 (n=236). The current dividend yield is 0.00 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.08. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 884 funds or institutions reporting positions in Alcoa. This is a decrease of 128 owner(s) or 12.65% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%. Total shares owned by institutions decreased in the last three months by 2.84% to 165,266K shares. The put/call ratio of AA is 1.17, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 7,536K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 10,299K shares, representing a decrease of 36.67%. The firm decreased its portfolio allocation in AA by 46.57% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,574K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 5,536K shares, representing an increase of 0.67%. The firm decreased its portfolio allocation in AA by 25.95% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,412K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 5,460K shares, representing a decrease of 0.88%. The firm decreased its portfolio allocation in AA by 24.30% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,606K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 4,668K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in AA by 25.16% over the last quarter. Theleme Partners LLP holds 4,247K shares representing 2.38% ownership of the company. No change in the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on October 20, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%.

Fintel reports that on October 20, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%.

Fintel reports that on October 20, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%.

Fintel reports that on October 20, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%.

402.0

2023-10-20 00:00:00 UTC

Citigroup Maintains Alcoa (AA) Buy Recommendation

AA

https://www.nasdaq.com/articles/citigroup-maintains-alcoa-aa-buy-recommendation-0

Fintel reports that on October 20, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. Analyst Price Forecast Suggests 57.93% Upside As of October 5, 2023, the average one-year price target for Alcoa is 37.90. The forecasts range from a low of 25.25 to a high of $57.75. The average price target represents an increase of 57.93% from its latest reported closing price of 24.00. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 15.14%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On July 27, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 8, 2023 received the payment on August 24, 2023. Previously, the company paid $0.10 per share. At the current share price of $24.00 / share, the stock's dividend yield is 1.67%. Looking back five years and taking a sample every week, the average dividend yield has been 1.67%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.15 (n=236). The current dividend yield is 0.00 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.08. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 884 funds or institutions reporting positions in Alcoa. This is a decrease of 128 owner(s) or 12.65% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%. Total shares owned by institutions decreased in the last three months by 2.84% to 165,266K shares. The put/call ratio of AA is 1.17, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 7,536K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 10,299K shares, representing a decrease of 36.67%. The firm decreased its portfolio allocation in AA by 46.57% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,574K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 5,536K shares, representing an increase of 0.67%. The firm decreased its portfolio allocation in AA by 25.95% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,412K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 5,460K shares, representing a decrease of 0.88%. The firm decreased its portfolio allocation in AA by 24.30% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,606K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 4,668K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in AA by 25.16% over the last quarter. Theleme Partners LLP holds 4,247K shares representing 2.38% ownership of the company. No change in the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on October 20, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%.

Fintel reports that on October 20, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%.

Fintel reports that on October 20, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%.

Fintel reports that on October 20, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 24.71%.

403.0

2023-10-19 00:00:00 UTC

JP Morgan Maintains Alcoa (AA) Neutral Recommendation

AA

https://www.nasdaq.com/articles/jp-morgan-maintains-alcoa-aa-neutral-recommendation-0

Fintel reports that on October 19, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. Analyst Price Forecast Suggests 56.44% Upside As of October 5, 2023, the average one-year price target for Alcoa is 37.90. The forecasts range from a low of 25.25 to a high of $57.75. The average price target represents an increase of 56.44% from its latest reported closing price of 24.23. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 15.14%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On July 27, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 8, 2023 received the payment on August 24, 2023. Previously, the company paid $0.10 per share. At the current share price of $24.23 / share, the stock's dividend yield is 1.65%. Looking back five years and taking a sample every week, the average dividend yield has been 1.67%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.15 (n=236). The current dividend yield is 0.02 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.08. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 886 funds or institutions reporting positions in Alcoa. This is a decrease of 128 owner(s) or 12.62% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%. Total shares owned by institutions decreased in the last three months by 2.69% to 165,267K shares. The put/call ratio of AA is 1.19, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 7,536K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 10,299K shares, representing a decrease of 36.67%. The firm decreased its portfolio allocation in AA by 46.57% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,574K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 5,536K shares, representing an increase of 0.67%. The firm decreased its portfolio allocation in AA by 25.95% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,412K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 5,460K shares, representing a decrease of 0.88%. The firm decreased its portfolio allocation in AA by 24.30% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,606K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 4,668K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in AA by 25.16% over the last quarter. Theleme Partners LLP holds 4,247K shares representing 2.38% ownership of the company. No change in the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on October 19, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%.

Fintel reports that on October 19, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%.

Fintel reports that on October 19, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%.

Fintel reports that on October 19, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%.

404.0

2023-10-19 00:00:00 UTC

BMO Capital Maintains Alcoa (AA) Market Perform Recommendation

AA

https://www.nasdaq.com/articles/bmo-capital-maintains-alcoa-aa-market-perform-recommendation-1

Fintel reports that on October 19, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. Analyst Price Forecast Suggests 56.44% Upside As of October 5, 2023, the average one-year price target for Alcoa is 37.90. The forecasts range from a low of 25.25 to a high of $57.75. The average price target represents an increase of 56.44% from its latest reported closing price of 24.23. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 15.14%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On July 27, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 8, 2023 received the payment on August 24, 2023. Previously, the company paid $0.10 per share. At the current share price of $24.23 / share, the stock's dividend yield is 1.65%. Looking back five years and taking a sample every week, the average dividend yield has been 1.67%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.15 (n=236). The current dividend yield is 0.02 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.08. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 886 funds or institutions reporting positions in Alcoa. This is a decrease of 128 owner(s) or 12.62% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%. Total shares owned by institutions decreased in the last three months by 2.69% to 165,267K shares. The put/call ratio of AA is 1.19, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 7,536K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 10,299K shares, representing a decrease of 36.67%. The firm decreased its portfolio allocation in AA by 46.57% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,574K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 5,536K shares, representing an increase of 0.67%. The firm decreased its portfolio allocation in AA by 25.95% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,412K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 5,460K shares, representing a decrease of 0.88%. The firm decreased its portfolio allocation in AA by 24.30% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,606K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 4,668K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in AA by 25.16% over the last quarter. Theleme Partners LLP holds 4,247K shares representing 2.38% ownership of the company. No change in the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on October 19, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%.

Fintel reports that on October 19, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%.

Fintel reports that on October 19, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%.

Fintel reports that on October 19, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 25.19%.

405.0

2023-10-19 00:00:00 UTC

Noteworthy Thursday Option Activity: MIDD, AA, LZ

AA

https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-midd-aa-lz

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Middleby Corp (Symbol: MIDD), where a total volume of 2,770 contracts has been traded thus far today, a contract volume which is representative of approximately 277,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 73.3% of MIDD's average daily trading volume over the past month, of 378,085 shares. Especially high volume was seen for the $100 strike put option expiring March 15, 2024, with 2,228 contracts trading so far today, representing approximately 222,800 underlying shares of MIDD. Below is a chart showing MIDD's trailing twelve month trading history, with the $100 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 41,089 contracts thus far today. That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 72.7% of AA's average daily trading volume over the past month, of 5.7 million shares. Especially high volume was seen for the $25 strike put option expiring October 20, 2023, with 3,520 contracts trading so far today, representing approximately 352,000 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: And LegalZoom.com Inc (Symbol: LZ) options are showing a volume of 6,723 contracts thus far today. That number of contracts represents approximately 672,300 underlying shares, working out to a sizeable 69.5% of LZ's average daily trading volume over the past month, of 967,635 shares. Especially high volume was seen for the $14 strike call option expiring October 20, 2023, with 1,265 contracts trading so far today, representing approximately 126,500 underlying shares of LZ. Below is a chart showing LZ's trailing twelve month trading history, with the $14 strike highlighted in orange: For the various different available expirations for MIDD options, AA options, or LZ options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • HRI shares outstanding history • Funds Holding EWCS • ATHA Stock Predictions The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Especially high volume was seen for the $25 strike put option expiring October 20, 2023, with 3,520 contracts trading so far today, representing approximately 352,000 underlying shares of AA. Below is a chart showing MIDD's trailing twelve month trading history, with the $100 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 41,089 contracts thus far today. That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 72.7% of AA's average daily trading volume over the past month, of 5.7 million shares.

Below is a chart showing MIDD's trailing twelve month trading history, with the $100 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 41,089 contracts thus far today. That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 72.7% of AA's average daily trading volume over the past month, of 5.7 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: And LegalZoom.com Inc (Symbol: LZ) options are showing a volume of 6,723 contracts thus far today.

That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 72.7% of AA's average daily trading volume over the past month, of 5.7 million shares. Especially high volume was seen for the $25 strike put option expiring October 20, 2023, with 3,520 contracts trading so far today, representing approximately 352,000 underlying shares of AA. Below is a chart showing MIDD's trailing twelve month trading history, with the $100 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 41,089 contracts thus far today.

Especially high volume was seen for the $25 strike put option expiring October 20, 2023, with 3,520 contracts trading so far today, representing approximately 352,000 underlying shares of AA. Below is a chart showing LZ's trailing twelve month trading history, with the $14 strike highlighted in orange: For the various different available expirations for MIDD options, AA options, or LZ options, visit StockOptionsChannel.com. Below is a chart showing MIDD's trailing twelve month trading history, with the $100 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 41,089 contracts thus far today.

406.0

2023-10-18 00:00:00 UTC

Alcoa Corp Shares Fall 5.3% Below Previous 52-Week Low - Market Mover

AA

https://www.nasdaq.com/articles/alcoa-corp-shares-fall-5.3-below-previous-52-week-low-market-mover

Alcoa Corp (AA) shares closed 5.3% lower than its previous 52 week low, giving the company a market cap of $4B. The stock is currently down 41.2% year-to-date, down 32.5% over the past 12 months, and down 30.6% over the past five years. This week, the Dow Jones Industrial Average fell 0.4%, and the S&P 500 fell 1.4%. Trading Activity Trading volume this week was 14.8% higher than the 20-day average. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. MACD, a trend-following momentum indicator, indicates an upward trend. The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 573.4% The company's stock price performance over the past 12 months lags the peer average by -622.3% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa Corp (AA) shares closed 5.3% lower than its previous 52 week low, giving the company a market cap of $4B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.9. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.

Alcoa Corp (AA) shares closed 5.3% lower than its previous 52 week low, giving the company a market cap of $4B. This week, the Dow Jones Industrial Average fell 0.4%, and the S&P 500 fell 1.4%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 573.4% The company's stock price performance over the past 12 months lags the peer average by -622.3%

Alcoa Corp (AA) shares closed 5.3% lower than its previous 52 week low, giving the company a market cap of $4B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 573.4% The company's stock price performance over the past 12 months lags the peer average by -622.3% This story was produced by the Kwhen Automated News Generator.

Alcoa Corp (AA) shares closed 5.3% lower than its previous 52 week low, giving the company a market cap of $4B. This week, the Dow Jones Industrial Average fell 0.4%, and the S&P 500 fell 1.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.

407.0

2023-10-18 00:00:00 UTC

Alcoa (AA) Reports Q3 Loss, Tops Revenue Estimates

AA

https://www.nasdaq.com/articles/alcoa-aa-reports-q3-loss-tops-revenue-estimates

Alcoa (AA) came out with a quarterly loss of $1.14 per share versus the Zacks Consensus Estimate of a loss of $1.13. This compares to loss of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.89%. A quarter ago, it was expected that this bauxite, alumina and aluminum products company would post a loss of $0.59 per share when it actually produced a loss of $0.35, delivering a surprise of 40.68%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Alcoa, which belongs to the Zacks Metal Products - Distribution industry, posted revenues of $2.6 billion for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 0.42%. This compares to year-ago revenues of $2.85 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Alcoa shares have lost about 38.9% since the beginning of the year versus the S&P 500's gain of 13.9%. What's Next for Alcoa? While Alcoa has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Alcoa: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.29 on $2.7 billion in revenues for the coming quarter and -$1.79 on $10.68 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Metal Products - Distribution is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Constellium (CSTM), has yet to report results for the quarter ended September 2023. The results are expected to be released on October 25. This aluminum company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of -50.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Constellium's revenues are expected to be $2.01 billion, down 1.3% from the year-ago quarter. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) came out with a quarterly loss of $1.14 per share versus the Zacks Consensus Estimate of a loss of $1.13. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa (AA) came out with a quarterly loss of $1.14 per share versus the Zacks Consensus Estimate of a loss of $1.13. Alcoa, which belongs to the Zacks Metal Products - Distribution industry, posted revenues of $2.6 billion for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 0.42%.

Alcoa (AA) came out with a quarterly loss of $1.14 per share versus the Zacks Consensus Estimate of a loss of $1.13. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa, which belongs to the Zacks Metal Products - Distribution industry, posted revenues of $2.6 billion for the quarter ended September 2023, surpassing the Zacks Consensus Estimate by 0.42%.

Alcoa (AA) came out with a quarterly loss of $1.14 per share versus the Zacks Consensus Estimate of a loss of $1.13. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Constellium SE (CSTM) : Free Stock Analysis Report To read this article on Zacks.com click here. The company has topped consensus revenue estimates four times over the last four quarters.

408.0

2023-10-18 00:00:00 UTC

Alcoa Corp. Q3 Loss Decreases, but misses estimates

AA

https://www.nasdaq.com/articles/alcoa-corp.-q3-loss-decreases-but-misses-estimates

(RTTNews) - Alcoa Corp. (AA) announced Loss for third quarter that decreased from last year and beat the Street estimates. The company's earnings totaled -$168 million, or -$0.94 per share. This compares with -$746 million, or -$4.17 per share, in last year's third quarter. Excluding items, Alcoa Corp. reported adjusted earnings of -$202 million or -$1.14 per share for the period. Analysts on average had expected the company to earn -$1.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter fell 8.8% to $2.60 billion from $2.85 billion last year. Alcoa Corp. earnings at a glance (GAAP) : -Earnings (Q3): -$168 Mln. vs. -$746 Mln. last year. -EPS (Q3): -$0.94 vs. -$4.17 last year. -Analyst Estimates: -$1.02 -Revenue (Q3): $2.60 Bln vs. $2.85 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) announced Loss for third quarter that decreased from last year and beat the Street estimates. Alcoa Corp. earnings at a glance (GAAP) : -Earnings (Q3): -$168 Mln. Excluding items, Alcoa Corp. reported adjusted earnings of -$202 million or -$1.14 per share for the period.

(RTTNews) - Alcoa Corp. (AA) announced Loss for third quarter that decreased from last year and beat the Street estimates. Alcoa Corp. earnings at a glance (GAAP) : -Earnings (Q3): -$168 Mln. Excluding items, Alcoa Corp. reported adjusted earnings of -$202 million or -$1.14 per share for the period.

(RTTNews) - Alcoa Corp. (AA) announced Loss for third quarter that decreased from last year and beat the Street estimates. Alcoa Corp. earnings at a glance (GAAP) : -Earnings (Q3): -$168 Mln. This compares with -$746 million, or -$4.17 per share, in last year's third quarter.

(RTTNews) - Alcoa Corp. (AA) announced Loss for third quarter that decreased from last year and beat the Street estimates. Alcoa Corp. earnings at a glance (GAAP) : -Earnings (Q3): -$168 Mln. This compares with -$746 million, or -$4.17 per share, in last year's third quarter.

409.0

2023-10-18 00:00:00 UTC

Alcoa Q3 23 Earnings Conference Call At 5:00 PM ET

AA

https://www.nasdaq.com/articles/alcoa-q3-23-earnings-conference-call-at-5%3A00-pm-et

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on Oct. 18, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 4079492. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 4690998. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on Oct. 18, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 4079492. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 4690998.

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on Oct. 18, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 4079492. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 4690998.

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on Oct. 18, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 4079492. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on Oct. 18, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 4079492. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 4690998.

410.0

2023-10-13 00:00:00 UTC

Major Banks Start Reporting Q3 Earnings

AA

https://www.nasdaq.com/articles/major-banks-start-reporting-q3-earnings

It’s the unofficial start to Q3 earnings season with the morning releases of some of the biggest banks on Wall Street. In truth, we’ve been seeing Q3 reports come in dribs and drabs previously this week and before. Traditionally, earnings season didn’t kick off until Alcoa (AA) reported, but they’re not scheduled until next Wednesday. In any case, we’re happy we’re here; we can finally get a good glimpse at how the past quarter went, and how the full year is expected to finish. Zacks Rank #2 (Buy)-rated JPMorgan Chase (JPM) posted Q3 earnings of $4.33 per share, nicely surpassing the $3.89 in the Zacks consensus for an +11.3% positive earnings surprise — and its fifth-straight bottom-line beat. Revenues of $39.87 billion in the quarter outperformed expectations by +1.9%, helping solidify its leadership status of the biggest Wall Street banks. Citigroup (C) also beat estimates on both top and bottom lines this morning for its Q3, with earnings of $1.63 per share coming in ahead of the $1.26 analysts were looking for on $20.4 billion in quarterly revenues, which surpassed the $19.32 billion anticipated. Both Institutional and Wealth Management outperformed expectations in the quarter, and shares are up +2.6% on the news. Wells Fargo (WFC) made it a trifecta this morning, outpacing expectations on both earnings and revenues. The company reported $1.39 per share — nicely above the $1.25 Zacks consensus and the $1.30 per share posted in the previous year’s quarter. Revenues of $20.86 billion in the quarter beat estimates by a cool +3.18%. Shares are up +2.4% in pre-market trading at this hour, nearly bring shares back to break-even for the year.] The September Import Price Index this morning came in well below expectations: +0.1% versus +0.5% consensus, which was also the previous month’s print. It’s the smallest move on import prices since June. Stripping out volatile petrol (fuel oil/gasoline), this figure drops to -0.3% — lower than the -0.1% anticipated and the lowest result since June of 2022. Year over year came in -1.7% for the eighth straight down-month. It’s worse than the -1.4% expected, but the closest to break-even since February. Exports came in +0.7% month over month. Its -4.1% year over year is pretty much in-line with analyst expectations, and an improvement from the downwardly revised -5.7% the previous month. This is the sixth-straight month lower on export prices, year over year. After today’s open, we’ll see Consumer Sentiment for October, expected to tick down to 67.4 from 68.1 reported last month. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Traditionally, earnings season didn’t kick off until Alcoa (AA) reported, but they’re not scheduled until next Wednesday. Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Revenues of $39.87 billion in the quarter outperformed expectations by +1.9%, helping solidify its leadership status of the biggest Wall Street banks.

Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Traditionally, earnings season didn’t kick off until Alcoa (AA) reported, but they’re not scheduled until next Wednesday. Zacks Rank #2 (Buy)-rated JPMorgan Chase (JPM) posted Q3 earnings of $4.33 per share, nicely surpassing the $3.89 in the Zacks consensus for an +11.3% positive earnings surprise — and its fifth-straight bottom-line beat.

Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Traditionally, earnings season didn’t kick off until Alcoa (AA) reported, but they’re not scheduled until next Wednesday. Citigroup (C) also beat estimates on both top and bottom lines this morning for its Q3, with earnings of $1.63 per share coming in ahead of the $1.26 analysts were looking for on $20.4 billion in quarterly revenues, which surpassed the $19.32 billion anticipated.

Traditionally, earnings season didn’t kick off until Alcoa (AA) reported, but they’re not scheduled until next Wednesday. Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Citigroup (C) also beat estimates on both top and bottom lines this morning for its Q3, with earnings of $1.63 per share coming in ahead of the $1.26 analysts were looking for on $20.4 billion in quarterly revenues, which surpassed the $19.32 billion anticipated.

411.0

2023-10-13 00:00:00 UTC

Alcoa (AA) Declines More Than Market: Some Information for Investors

AA

https://www.nasdaq.com/articles/alcoa-aa-declines-more-than-market%3A-some-information-for-investors

Alcoa (AA) ended the recent trading session at $26.58, demonstrating a -1.19% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.5%. At the same time, the Dow added 0.12%, and the tech-heavy Nasdaq lost 1.23%. Shares of the bauxite, alumina and aluminum products company witnessed a loss of 10.9% over the previous month, trailing the performance of the Industrial Products sector with its loss of 2% and the S&P 500's loss of 2.4%. The investment community will be paying close attention to the earnings performance of Alcoa in its upcoming release. The company is slated to reveal its earnings on October 18, 2023. In that report, analysts expect Alcoa to post earnings of -$1.13 per share. This would mark a year-over-year decline of 242.42%. Our most recent consensus estimate is calling for quarterly revenue of $2.59 billion, down 9.11% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.79 per share and revenue of $10.68 billion, indicating changes of -137.06% and -14.21%, respectively, compared to the previous year. It's also important for investors to be aware of any recent modifications to analyst estimates for Alcoa. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 27.27% lower. Alcoa presently features a Zacks Rank of #3 (Hold). The Metal Products - Distribution industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 102, placing it within the top 41% of over 250 industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) ended the recent trading session at $26.58, demonstrating a -1.19% swing from the preceding day's closing price. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa (AA) ended the recent trading session at $26.58, demonstrating a -1.19% swing from the preceding day's closing price. Shares of the bauxite, alumina and aluminum products company witnessed a loss of 10.9% over the previous month, trailing the performance of the Industrial Products sector with its loss of 2% and the S&P 500's loss of 2.4%.

Alcoa (AA) ended the recent trading session at $26.58, demonstrating a -1.19% swing from the preceding day's closing price. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.79 per share and revenue of $10.68 billion, indicating changes of -137.06% and -14.21%, respectively, compared to the previous year.

Alcoa (AA) ended the recent trading session at $26.58, demonstrating a -1.19% swing from the preceding day's closing price. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. In that report, analysts expect Alcoa to post earnings of -$1.13 per share.

412.0

2023-10-13 00:00:00 UTC

What's in the Offing for Alcoa (AA) This Earnings Season?

AA

https://www.nasdaq.com/articles/whats-in-the-offing-for-alcoa-aa-this-earnings-season-0

Alcoa Corporation AA is scheduled to release third-quarter 2023 results on Oct 18, after market close. The company has a dull earnings surprise history, having outperformed the Zacks Consensus Estimate in only two of the preceding four quarters, while missing in the other two. The average miss was 192.1%. Let’s see how things have shaped up for Alcoa this earnings season. Alcoa Price and EPS Surprise Alcoa price-eps-surprise | Alcoa Quote Factors to Note Alcoa’s third-quarter results are expected to be hurt by lower alumina production due to curtailment of production in the Kwinana refinery, reduced production in Australian refineries and unplanned equipment maintenance at the Alumar refinery. The Zacks Consensus Estimate for alumina production indicates a 1% dip from the year-ago reported number. Despite an anticipated increase in shipments due to increased trading activity, lower production may weigh on Alumina segment’s third-party sales in the soon-to-be-reported quarter. The consensus mark for Alumina segment’s third-party sales implies an approximate 8% decline from the year-ago reported number. The Aluminum segment is expected to put up a weak show on softer billet demand. The Zacks Consensus Estimate for third-party Aluminum segment sales suggests a 14.5% decline from the third-quarter 2022 reported figure. However, raw material and production costs are likely to support AA’s bottom line in the to-be-reported quarter. What Does the Zacks Model Say? Our proven model does not conclusively predict an earnings beat for Alcoa this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates, which is not the case here, as elaborated below. Earnings ESP: Alcoa has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at a loss of $1.13. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Zacks Rank: Alcoa currently carries a Zacks Rank #3. Highlights of Q2 Earnings In second-quarter 2023, Alcoa incurred an adjusted loss of 35 cents per share, narrower than the Zacks Consensus Estimate of a loss of 59 cents. The company’s revenues of $2.68 billion outperformed the Zacks Consensus Estimate by 2.16%. Both the top and bottom lines declined year over year. Stocks to Consider Here are some companies you may want to consider from the Zacks Industrial Products sector, as our model shows that these have the right combination of elements to post an earnings beat this season: Stanley Black & Decker SWK has an Earnings ESP of +3.20% and a Zacks Rank #3. The company is scheduled to release third-quarter results on Oct 27. You can see the complete list of today’s Zacks #1 Rank stocks here. Stanley Black pulled off a trailing four-quarter earnings surprise of 47.2%, on average. The stock has gained 8.2% in a year. Tenaris TS has an Earnings ESP of +3.32% and a Zacks Rank #3. The company is slated to release third-quarter results on Nov 1. Tenaris delivered a trailing four-quarter earnings surprise of 7.7%, on average. The stock has rallied 20.5% in a year. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa Corporation AA is scheduled to release third-quarter 2023 results on Oct 18, after market close. However, raw material and production costs are likely to support AA’s bottom line in the to-be-reported quarter. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa Corporation AA is scheduled to release third-quarter 2023 results on Oct 18, after market close. However, raw material and production costs are likely to support AA’s bottom line in the to-be-reported quarter.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa Corporation AA is scheduled to release third-quarter 2023 results on Oct 18, after market close. However, raw material and production costs are likely to support AA’s bottom line in the to-be-reported quarter.

Alcoa Corporation AA is scheduled to release third-quarter 2023 results on Oct 18, after market close. However, raw material and production costs are likely to support AA’s bottom line in the to-be-reported quarter. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here.

413.0

2023-10-13 00:00:00 UTC

Big Banks Beat in Q3, Import Prices Lower

AA

https://www.nasdaq.com/articles/big-banks-beat-in-q3-import-prices-lower

It’s the unofficial start to Q3 earnings season with the morning releases of some of the biggest banks on Wall Street. In truth, we’ve been seeing Q3 reports come in dribs and drabs previously this week and before. Traditionally, earnings season didn’t kick off until Alcoa AA reported, but they’re not scheduled until next Wednesday. In any case, we’re happy we’re here; we can finally get a good glimpse at how the past quarter went, and how the full year is expected to finish. Zacks Rank #2 (Buy)-rated JPMorgan Chase JPM posted Q3 earnings of $4.33 per share, nicely surpassing the $3.89 in the Zacks consensus for an +11.3% positive earnings surprise — and its fifth-straight bottom-line beat. Revenues of $39.87 billion in the quarter outperformed expectations by +1.9%, helping solidify its leadership status of the biggest Wall Street banks. For more on JPM’s earnings, click here. Citigroup C also beat estimates on both top and bottom lines this morning for its Q3, with earnings of $1.63 per share coming in ahead of the $1.26 analysts were looking for on $20.4 billion in quarterly revenues, which surpassed the $19.32 billion anticipated. Both Institutional and Wealth Management outperformed expectations in the quarter, and shares are up +2.6% on the news. Wells Fargo WFC made it a trifecta this morning, outpacing expectations on both earnings and revenues. The company reported $1.39 per share — nicely above the $1.25 Zacks consensus and the $1.30 per share posted in the previous year’s quarter. Revenues of $20.86 billion in the quarter beat estimates by a cool +3.18%. Shares are up +2.4% in pre-market trading at this hour, nearly bring shares back to break-even for the year. For more on WFC’s earnings, click here. The September Import Price Index this morning came in well below expectations: +0.1% versus +0.5% consensus, which was also the previous month’s print. It’s the smallest move on import prices since June. Stripping out volatile petrol (fuel oil/gasoline), this figure drops to -0.3% — lower than the -0.1% anticipated and the lowest result since June of 2022. Year over year came in -1.7% for the eighth straight down-month. It’s worse than the -1.4% expected, but the closest to break-even since February. Exports came in +0.7% month over month. Its -4.1% year over year is pretty much in-line with analyst expectations, and an improvement from the downwardly revised -5.7% the previous month. This is the sixth-straight month lower on export prices, year over year. After today’s open, we’ll see Consumer Sentiment for October, expected to tick down to 67.4 from 68.1 reported last month. Questions or comments about this article and/or author? Click here>> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Traditionally, earnings season didn’t kick off until Alcoa AA reported, but they’re not scheduled until next Wednesday. Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Revenues of $39.87 billion in the quarter outperformed expectations by +1.9%, helping solidify its leadership status of the biggest Wall Street banks.

Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Traditionally, earnings season didn’t kick off until Alcoa AA reported, but they’re not scheduled until next Wednesday. Zacks Rank #2 (Buy)-rated JPMorgan Chase JPM posted Q3 earnings of $4.33 per share, nicely surpassing the $3.89 in the Zacks consensus for an +11.3% positive earnings surprise — and its fifth-straight bottom-line beat.

Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Traditionally, earnings season didn’t kick off until Alcoa AA reported, but they’re not scheduled until next Wednesday. Zacks Rank #2 (Buy)-rated JPMorgan Chase JPM posted Q3 earnings of $4.33 per share, nicely surpassing the $3.89 in the Zacks consensus for an +11.3% positive earnings surprise — and its fifth-straight bottom-line beat.

Click to get this free report Wells Fargo & Company (WFC) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Traditionally, earnings season didn’t kick off until Alcoa AA reported, but they’re not scheduled until next Wednesday. Citigroup C also beat estimates on both top and bottom lines this morning for its Q3, with earnings of $1.63 per share coming in ahead of the $1.26 analysts were looking for on $20.4 billion in quarterly revenues, which surpassed the $19.32 billion anticipated.

414.0

2023-10-11 00:00:00 UTC

What To Expect From Alcoa's Q3 Results?

AA

https://www.nasdaq.com/articles/what-to-expect-from-alcoas-q3-results

Alcoa (NYSE:AA) is expected to publish its Q3 2023 results around October 18, reporting on a quarter that saw aluminum prices trend lower. We expect the company’s revenues to come in at about $2.63 billion, marginally ahead of the consensus estimates of $2.59 billion. While this would mark a 2% decline sequentially, it would translate into a year-over-year decline of around 12%. We estimate that the company will post a net loss of about -$0.90 per share, slightly better than the consensus, although this would mark a decline from last year. So what are some of the trends that are likely to drive Alcoa’s results? See our interactive dashboard analysis on Alcoa Earnings Preview for more details on how AA’s revenues and earnings are likely to trend for the quarter. We note that AA stock has had a Sharpe Ratio of 0.2 since early 2017, which is lower than 0.5 for the S&P 500 Index over the same period. This compares with the Sharpe of 1.2 for the Trefis Reinforced Value portfolio. Sharpe is a measure of return per unit of risk, and high-performance portfolios can provide the best of both worlds. Aluminum prices have been weak over the last few months, amid improving supply trends, particularly in China, driven by more relaxed power restrictions and new capacity coming online. Moreover, there have been concerns about the real estate market in China, leading to slower demand from the construction sector. That said, the country could be seeing higher investment in the electrical grid and vehicle production. Moreover, orders from the automotive market, particularly in Europe and North America, are likely strong as the semiconductor shortage eased, helping production. While aluminum prices stood at about $2,400 in early April, they have declined since then to about $2,200 per ton currently. This is likely to impact the company’s revenues for the quarter. Separately, Alcoa has seen some delays in getting approvals for bauxite mining in Australia and this has resulted in the company mining for lower bauxite grades from previously approved areas as of Q2. This could also impact results to an extent, as production costs for these grades will be higher. However, the company could see production costs ease a bit for alumina and aluminum as prices for certain inputs such as caustic soda, and calcined petroleum coke ease. Overall, we still remain positive on AA stock despite the year-over-year decline in the company’s performance. Alcoa stock remains down almost 40% year-to-date and this could be a compelling entry point. Rising investments in the renewable energy sector including electric vehicles, charging infrastructure, and solar and wind power plants remain secular drivers for aluminum demand. We think that Alcoa has an edge over other aluminum producers given its strong balance sheet and also due to the fact that its facilities are based mainly in the U.S., resulting in lower energy costs compared to European rivals. We value AA stock at $39 per share, which is well ahead of the current market price of about $29. See our analysis of Alcoa valuation for a closer look at what’s driving our price estimate for Alcoa and how Alcoa’s valuation compares with peers. Also, see our analysis of Alcoa Revenue for more details on how Alcoa’s revenues are expected to trend. Returns Oct 2023 MTD [1] 2023 YTD [1] 2017-23 Total [2] AA Return -7% -40% -2% S&P 500 Return -1% 11% 90% Trefis Reinforced Value Portfolio -3% 20% 514% [1] Month-to-date and year-to-date as of 10/5/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (NYSE:AA) is expected to publish its Q3 2023 results around October 18, reporting on a quarter that saw aluminum prices trend lower. See our interactive dashboard analysis on Alcoa Earnings Preview for more details on how AA’s revenues and earnings are likely to trend for the quarter. We note that AA stock has had a Sharpe Ratio of 0.2 since early 2017, which is lower than 0.5 for the S&P 500 Index over the same period.

Total [2] AA Return -7% -40% -2% S&P 500 Return -1% 11% 90% Trefis Reinforced Value Portfolio -3% 20% 514% [1] Month-to-date and year-to-date as of 10/5/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Alcoa (NYSE:AA) is expected to publish its Q3 2023 results around October 18, reporting on a quarter that saw aluminum prices trend lower. See our interactive dashboard analysis on Alcoa Earnings Preview for more details on how AA’s revenues and earnings are likely to trend for the quarter.

Alcoa (NYSE:AA) is expected to publish its Q3 2023 results around October 18, reporting on a quarter that saw aluminum prices trend lower. Total [2] AA Return -7% -40% -2% S&P 500 Return -1% 11% 90% Trefis Reinforced Value Portfolio -3% 20% 514% [1] Month-to-date and year-to-date as of 10/5/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. See our interactive dashboard analysis on Alcoa Earnings Preview for more details on how AA’s revenues and earnings are likely to trend for the quarter.

We note that AA stock has had a Sharpe Ratio of 0.2 since early 2017, which is lower than 0.5 for the S&P 500 Index over the same period. Overall, we still remain positive on AA stock despite the year-over-year decline in the company’s performance. Alcoa (NYSE:AA) is expected to publish its Q3 2023 results around October 18, reporting on a quarter that saw aluminum prices trend lower.

415.0

2023-10-11 00:00:00 UTC

Analysts Estimate Alcoa (AA) to Report a Decline in Earnings: What to Look Out for

AA

https://www.nasdaq.com/articles/analysts-estimate-alcoa-aa-to-report-a-decline-in-earnings%3A-what-to-look-out-for-2

The market expects Alcoa (AA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 18, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This bauxite, alumina and aluminum products company is expected to post quarterly loss of $1.04 per share in its upcoming report, which represents a year-over-year change of -215.2%. Revenues are expected to be $2.59 billion, down 9% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 9.62% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Alcoa? For Alcoa, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.29%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Alcoa will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Alcoa would post a loss of $0.59 per share when it actually produced a loss of $0.35, delivering a surprise of +40.68%. Over the last four quarters, the company has beaten consensus EPS estimates two times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Alcoa doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The market expects Alcoa (AA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2023. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The market expects Alcoa (AA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2023. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The market expects Alcoa (AA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2023. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.

The market expects Alcoa (AA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2023. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

416.0

2023-10-11 00:00:00 UTC

AZZ's Q2 Earnings Surpass Estimates, Sales Decrease Y/Y

AA

https://www.nasdaq.com/articles/azzs-q2-earnings-surpass-estimates-sales-decrease-y-y

AZZ Inc. AZZ reported second-quarter fiscal 2024 (ended Aug 31, 2023) adjusted earnings of $1.27 per share, which surpassed the Zacks Consensus Estimate of 82 cents by 54.9%. The bottom line also increased 5% from the year-ago quarter’s earnings. The company’s GAAP earnings per share from continuing operations in the reported quarter was 97 cents, up 4.3% from the prior-year quarter. Total Sales Its total sales amounted to $398.5 million, surpassing the Zacks Consensus Estimate of $377 million by 5.7%. The top line was, however, down 2% from the prior-year quarter. AZZ Inc. Price, Consensus and EPS Surprise AZZ Inc. price-consensus-eps-surprise-chart | AZZ Inc. Quote Segment Performance Metal Coating: Sales from the segment increased 2.4% to $169.8 million from $165.8 million in the prior-year quarter. The year-over-year improvement was due to higher volume and increased selling price. Precoat Metal: The segment generated sales of $228.7 million in the reported quarter, down 5% from the prior-year quarter. The segment’s fall in sales can be attributed to lower volume in HVAC, transportation, and certain construction end markets. Highlights of the Release The operating income in the fiscal second quarter was down 4.9% year over year to $61 million. AZZ incurred interest expenses of $27.8 million, down 1.3% from the year-ago period. Financial Position As of Aug 31, 2023, the company had cash and cash equivalents of $2.1 million compared with $2.8 million as of Feb 28, 2023. Total capital expenditure in the reported quarter was $25.7 million, an increase from $15.2 million in the year-ago quarter. The net cash provided by operating activities was $118.3 million, an increase from $91.5 million as of Feb 28, 2023. The company’s long-term debt in the reported quarter was $1 billion compared with $1.06 billion as of Feb 28, 2023. The company returned $7.9 million to its shareholders as dividends during the fiscal second quarter. Zacks Rank AZZ currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Upcoming Sector Releases Alcoa Corporation AA is scheduled to announce third-quarter 2023 results on Oct 18 after market close. The Zacks Consensus Estimate for third-quarter 2023 loss is pegged at $1.04 per share. AA’s long-term (three to five years) earnings growth is projected at 11.2%. A. O. Smith Corporation AOS is scheduled to announce third-quarter 2023 results on Oct 26 before the market opens. The Zacks Consensus Estimate for third-quarter 2023 earnings is pegged at 77 cents per share. AOS’ long-term earnings growth is projected at 9%. The company delivered an average earnings surprise of 10.48% in the last four quarters. Emerson Electric Co. EMR is expected to announce third-quarter 2023 results on Oct 30. The Zacks Consensus Estimate for third-quarter 2023 earnings is pegged at $1.30 per share. EMR’s long-term earnings growth is projected at 10.5%. The company delivered an average earnings surprise of 7.36% in the last four quarters. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report AZZ Inc. (AZZ) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Upcoming Sector Releases Alcoa Corporation AA is scheduled to announce third-quarter 2023 results on Oct 18 after market close. The company’s GAAP earnings per share from continuing operations in the reported quarter was 97 cents, up 4.3% from the prior-year quarter. AA’s long-term (three to five years) earnings growth is projected at 11.2%.

Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report AZZ Inc. (AZZ) : Free Stock Analysis Report To read this article on Zacks.com click here. The company’s GAAP earnings per share from continuing operations in the reported quarter was 97 cents, up 4.3% from the prior-year quarter. Upcoming Sector Releases Alcoa Corporation AA is scheduled to announce third-quarter 2023 results on Oct 18 after market close.

Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report AZZ Inc. (AZZ) : Free Stock Analysis Report To read this article on Zacks.com click here. The company’s GAAP earnings per share from continuing operations in the reported quarter was 97 cents, up 4.3% from the prior-year quarter. Upcoming Sector Releases Alcoa Corporation AA is scheduled to announce third-quarter 2023 results on Oct 18 after market close.

The company’s GAAP earnings per share from continuing operations in the reported quarter was 97 cents, up 4.3% from the prior-year quarter. Upcoming Sector Releases Alcoa Corporation AA is scheduled to announce third-quarter 2023 results on Oct 18 after market close. AA’s long-term (three to five years) earnings growth is projected at 11.2%.

417.0

2023-10-06 00:00:00 UTC

Noteworthy Friday Option Activity: SP, TWLO, AA

AA

https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-sp-twlo-aa

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in SP Plus Corp (Symbol: SP), where a total volume of 1,429 contracts has been traded thus far today, a contract volume which is representative of approximately 142,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45% of SP's average daily trading volume over the past month, of 317,600 shares. Particularly high volume was seen for the $50 strike put option expiring October 20, 2023, with 414 contracts trading so far today, representing approximately 41,400 underlying shares of SP. Below is a chart showing SP's trailing twelve month trading history, with the $50 strike highlighted in orange: Twilio Inc (Symbol: TWLO) options are showing a volume of 9,407 contracts thus far today. That number of contracts represents approximately 940,700 underlying shares, working out to a sizeable 44.9% of TWLO's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $56 strike call option expiring October 06, 2023, with 629 contracts trading so far today, representing approximately 62,900 underlying shares of TWLO. Below is a chart showing TWLO's trailing twelve month trading history, with the $56 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 25,714 contracts thus far today. That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 43.7% of AA's average daily trading volume over the past month, of 5.9 million shares. Particularly high volume was seen for the $25 strike call option expiring October 20, 2023, with 4,440 contracts trading so far today, representing approximately 444,000 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for SP options, TWLO options, or AA options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • Financial Dividend Stock List • FCPT shares outstanding history • Funds Holding GBTG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Particularly high volume was seen for the $25 strike call option expiring October 20, 2023, with 4,440 contracts trading so far today, representing approximately 444,000 underlying shares of AA. Below is a chart showing TWLO's trailing twelve month trading history, with the $56 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 25,714 contracts thus far today. That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 43.7% of AA's average daily trading volume over the past month, of 5.9 million shares.

That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 43.7% of AA's average daily trading volume over the past month, of 5.9 million shares. Below is a chart showing TWLO's trailing twelve month trading history, with the $56 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 25,714 contracts thus far today. Particularly high volume was seen for the $25 strike call option expiring October 20, 2023, with 4,440 contracts trading so far today, representing approximately 444,000 underlying shares of AA.

That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 43.7% of AA's average daily trading volume over the past month, of 5.9 million shares. Below is a chart showing TWLO's trailing twelve month trading history, with the $56 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 25,714 contracts thus far today. Particularly high volume was seen for the $25 strike call option expiring October 20, 2023, with 4,440 contracts trading so far today, representing approximately 444,000 underlying shares of AA.

Particularly high volume was seen for the $25 strike call option expiring October 20, 2023, with 4,440 contracts trading so far today, representing approximately 444,000 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for SP options, TWLO options, or AA options, visit StockOptionsChannel.com. Below is a chart showing TWLO's trailing twelve month trading history, with the $56 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 25,714 contracts thus far today.

418.0

2023-10-05 00:00:00 UTC

Jefferies Maintains Alcoa (AA) Buy Recommendation

AA

https://www.nasdaq.com/articles/jefferies-maintains-alcoa-aa-buy-recommendation

Fintel reports that on October 4, 2023, Jefferies maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. Analyst Price Forecast Suggests 39.56% Upside As of October 5, 2023, the average one-year price target for Alcoa is 37.90. The forecasts range from a low of 25.25 to a high of $57.75. The average price target represents an increase of 39.56% from its latest reported closing price of 27.16. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 12.50%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On July 27, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 8, 2023 received the payment on August 24, 2023. Previously, the company paid $0.10 per share. At the current share price of $27.16 / share, the stock's dividend yield is 1.47%. Looking back five years and taking a sample every week, the average dividend yield has been 1.66%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.15 (n=236). The current dividend yield is 0.17 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 893 funds or institutions reporting positions in Alcoa. This is a decrease of 78 owner(s) or 8.03% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 21.75%. Total shares owned by institutions decreased in the last three months by 3.03% to 164,856K shares. The put/call ratio of AA is 1.29, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 7,536K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 10,299K shares, representing a decrease of 36.67%. The firm decreased its portfolio allocation in AA by 46.57% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,574K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 5,536K shares, representing an increase of 0.67%. The firm decreased its portfolio allocation in AA by 25.95% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,412K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 5,460K shares, representing a decrease of 0.88%. The firm decreased its portfolio allocation in AA by 24.30% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,606K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 4,668K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in AA by 25.16% over the last quarter. Theleme Partners LLP holds 4,247K shares representing 2.38% ownership of the company. No change in the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on October 4, 2023, Jefferies maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 21.75%.

Fintel reports that on October 4, 2023, Jefferies maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 21.75%.

Fintel reports that on October 4, 2023, Jefferies maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 21.75%.

Fintel reports that on October 4, 2023, Jefferies maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 21.75%.

419.0

2023-10-04 00:00:00 UTC

3 Long-Term Stocks Ready to Take Off Soon

AA

https://www.nasdaq.com/articles/3-long-term-stocks-ready-to-take-off-soon

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors shouldn’t be scared out of this market. On the contrary, they should be looking for buying opportunities as stock prices trend lower. This is especially true for buy-and-hold investors who are in it for the long term. And there are lots of great stocks available right now at decent prices. Many stocks are downright cheap. This has led to investors looking for long-term stocks. Investors looking to take positions in well-managed companies that have a history of rewarding their stockholders can find plenty of opportunities in the current market. There are also beaten-down names that have new catalysts working in their favor and the potential to turn their operations and share price performance around for the better. The key is to look for opportunities, buy with conviction, and hold for the long term. Dillard’s (DDS) Source: ESB Professional / Shutterstock.com For all its success, you’d think that the upscale American department store chain Dillard’s (NYSE:DDS) would get more attention. Sadly, no. But the company that continues to be run by the same Dillard family that founded it back in 1938 during the Great Depression has a remarkable track record. While DDS stock is flat this year, it has gained 325% over the last five years, outpacing many technology stocks over the same period of time. Dillard’s has achieved success mainly through careful family stewardship that emphasizes slow and steady growth and places a premium on two-way loyalty between management and employees. With fewer than 300 stores in 29 states, Dillard’s is no Walmart (NYSE:WMT). However, the company’s measured approach and focus on providing customers with a positive shopping experience has led to success. DDS stock looks affordable right now trading at only six times future earnings. It also pays a quarterly dividend of 25 cents per share. Alcoa (AA) Source: shutterstock.com/MOLPIX Aluminum giant Alcoa (NYSE:AA) has struggled mightily in recent years. AA stock is down 34% this year, including a 25% decline over the last 12 months. However, hope arrives at the beaten-down company in the form of a new chief executive officer (CEO). The Pittsburgh-based company just announced that William Oplinger has succeeded Roy Harvey as CEO. Alcoa added that Harvey will remain on as a strategic adviser until the end of this year to help with the transition. Oplinger had previously served as Alcoa’s chief operations officer and knows the company intimately. The previous CEO, Roy Harvey, had been at Alcoa’s helm since November 2016, which is when the aluminum maker went public. Alcoa didn’t discuss the CEO change, saying only in a written statement that the executive shake-up is part of its “succession planning process.” However, the leadership change comes ahead of Alcoa reporting its Q3 financial results in mid-October. While it might take some time, a new CEO could help to get AA stock moving back in the right direction after a long period of underperformance. Alcoa’s stock also pays a quarterly dividend of 10 cents a share. Costco (COST) Source: Shutterstock Big box retailer Costco (NASDAQ:COST) continues to thrive and just reported strong financial results that beat Wall Street expectations on both the top and bottom lines. The company is benefitting from strong grocery sales even as consumers cut back on discretionary and big-ticket items such as furniture and electronics at its stores. Drawn by more affordable groceries, traffic at Costco stores worldwide rose 5.2% and gained 5% within the U.S. on a year-over-year basis during the company’s most recent quarter. Investors and analysts continue to hold out hope for two developments at Costco, both of which could transpire in Q4 of this year. The first is a long-awaited membership fee hike. The last time Costco raised its membership fees was in 2017. Analysts say it is only a matter of time before the company acquiesces and lifts it membership tiers. The second event is a special dividend payment. The last such payment to stockholders occurred during the pandemic. A strong finish to the year could provide management with the impetus to reward shareholders. COST stock is up 25% this year and has increased 158% over the last five years. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Long-Term Stocks Ready to Take Off Soon appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) Source: shutterstock.com/MOLPIX Aluminum giant Alcoa (NYSE:AA) has struggled mightily in recent years. AA stock is down 34% this year, including a 25% decline over the last 12 months. While it might take some time, a new CEO could help to get AA stock moving back in the right direction after a long period of underperformance.

Alcoa (AA) Source: shutterstock.com/MOLPIX Aluminum giant Alcoa (NYSE:AA) has struggled mightily in recent years. While it might take some time, a new CEO could help to get AA stock moving back in the right direction after a long period of underperformance. AA stock is down 34% this year, including a 25% decline over the last 12 months.

Alcoa (AA) Source: shutterstock.com/MOLPIX Aluminum giant Alcoa (NYSE:AA) has struggled mightily in recent years. AA stock is down 34% this year, including a 25% decline over the last 12 months. While it might take some time, a new CEO could help to get AA stock moving back in the right direction after a long period of underperformance.

Alcoa (AA) Source: shutterstock.com/MOLPIX Aluminum giant Alcoa (NYSE:AA) has struggled mightily in recent years. While it might take some time, a new CEO could help to get AA stock moving back in the right direction after a long period of underperformance. AA stock is down 34% this year, including a 25% decline over the last 12 months.

420.0

2023-10-04 00:00:00 UTC

Alcoa (AA) Stock Slides as Market Rises: Facts to Know Before You Trade

AA

https://www.nasdaq.com/articles/alcoa-aa-stock-slides-as-market-rises%3A-facts-to-know-before-you-trade

Alcoa (AA) closed the most recent trading day at $27.16, moving -1.77% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.81%. Meanwhile, the Dow experienced a rise of 0.39%, and the technology-dominated Nasdaq saw an increase of 1.35%. The bauxite, alumina and aluminum products company's stock has dropped by 8.72% in the past month, falling short of the Industrial Products sector's loss of 8.12% and the S&P 500's loss of 6.19%. The upcoming earnings release of Alcoa will be of great interest to investors. The company's earnings report is expected on October 18, 2023. In that report, analysts expect Alcoa to post earnings of -$1.04 per share. This would mark a year-over-year decline of 215.15%. In the meantime, our current consensus estimate forecasts the revenue to be $2.59 billion, indicating a 9% decline compared to the corresponding quarter of the prior year. For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.56 per share and a revenue of $10.62 billion, signifying shifts of -132.3% and -14.74%, respectively, from the last year. Investors should also note any recent changes to analyst estimates for Alcoa. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 25% downward. Alcoa is currently a Zacks Rank #3 (Hold). The Metal Products - Distribution industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 106, placing it within the top 43% of over 250 industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) closed the most recent trading day at $27.16, moving -1.77% from the previous trading session. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. In the meantime, our current consensus estimate forecasts the revenue to be $2.59 billion, indicating a 9% decline compared to the corresponding quarter of the prior year.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa (AA) closed the most recent trading day at $27.16, moving -1.77% from the previous trading session. For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.56 per share and a revenue of $10.62 billion, signifying shifts of -132.3% and -14.74%, respectively, from the last year.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa (AA) closed the most recent trading day at $27.16, moving -1.77% from the previous trading session. At present, this industry carries a Zacks Industry Rank of 106, placing it within the top 43% of over 250 industries.

Alcoa (AA) closed the most recent trading day at $27.16, moving -1.77% from the previous trading session. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. In that report, analysts expect Alcoa to post earnings of -$1.04 per share.

421.0

2023-09-26 00:00:00 UTC

Company News for Sep 26, 2023

AA

https://www.nasdaq.com/articles/company-news-for-sep-26-2023

Amazon.com Inc.’s (AMZN) shares gained 1.7% after the company decided to invest $ 4 billion in AI startup Anthropic. Alcoa Corp.’s (AA) shares plunged 6.1% after the company announced that its executive vice president William Oplinger would succeed Roy Harvey as the CEO and president. Shares of Williams-Sonoma Inc. (WSM) soared 11.6% after an investment firm Green Equity Investors acquired a 5% in the company. Shares of The Charles Schwab Corp. (SCHW) rose 0.4% after the company lowered fees on two fixed-income funds. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Williams-Sonoma, Inc. (WSM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa Corp.’s (AA) shares plunged 6.1% after the company announced that its executive vice president William Oplinger would succeed Roy Harvey as the CEO and president. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Williams-Sonoma, Inc. (WSM) : Free Stock Analysis Report To read this article on Zacks.com click here. Amazon.com Inc.’s (AMZN) shares gained 1.7% after the company decided to invest $ 4 billion in AI startup Anthropic.

Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Williams-Sonoma, Inc. (WSM) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa Corp.’s (AA) shares plunged 6.1% after the company announced that its executive vice president William Oplinger would succeed Roy Harvey as the CEO and president. See them now >> Want the latest recommendations from Zacks Investment Research?

Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Williams-Sonoma, Inc. (WSM) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa Corp.’s (AA) shares plunged 6.1% after the company announced that its executive vice president William Oplinger would succeed Roy Harvey as the CEO and president. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys.

Alcoa Corp.’s (AA) shares plunged 6.1% after the company announced that its executive vice president William Oplinger would succeed Roy Harvey as the CEO and president. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Alcoa (AA) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report Williams-Sonoma, Inc. (WSM) : Free Stock Analysis Report To read this article on Zacks.com click here. Amazon.com Inc.’s (AMZN) shares gained 1.7% after the company decided to invest $ 4 billion in AI startup Anthropic.

422.0

2023-09-25 00:00:00 UTC

Alcoa Promotes William Oplinger To CEO

AA

https://www.nasdaq.com/articles/alcoa-promotes-william-oplinger-to-ceo

(RTTNews) - Alcoa Corp (AA), aluminum manufacturer, announced on Monday that it has appointed William Oplinger as its president and chief executive officer, effective September 24. He will be succeeding Roy Harvey, who will serve as the strategic advisor to the chief executive till December 31. Oplinger was the company's chief operating officer and executive vice president since February. Prior to this role he was the finance chief of the firm from November 2016 to February 2023. In pre-market activity, shares of Alcoa are trading at $27.85 down 1.76% on the New York Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp (AA), aluminum manufacturer, announced on Monday that it has appointed William Oplinger as its president and chief executive officer, effective September 24. He will be succeeding Roy Harvey, who will serve as the strategic advisor to the chief executive till December 31. Oplinger was the company's chief operating officer and executive vice president since February.

(RTTNews) - Alcoa Corp (AA), aluminum manufacturer, announced on Monday that it has appointed William Oplinger as its president and chief executive officer, effective September 24. He will be succeeding Roy Harvey, who will serve as the strategic advisor to the chief executive till December 31. Oplinger was the company's chief operating officer and executive vice president since February.

(RTTNews) - Alcoa Corp (AA), aluminum manufacturer, announced on Monday that it has appointed William Oplinger as its president and chief executive officer, effective September 24. Oplinger was the company's chief operating officer and executive vice president since February. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp (AA), aluminum manufacturer, announced on Monday that it has appointed William Oplinger as its president and chief executive officer, effective September 24. He will be succeeding Roy Harvey, who will serve as the strategic advisor to the chief executive till December 31. Oplinger was the company's chief operating officer and executive vice president since February.

423.0

2023-09-25 00:00:00 UTC

Alcoa appoints insider William Oplinger as CEO

AA

https://www.nasdaq.com/articles/alcoa-appoints-insider-william-oplinger-as-ceo

Sept 25 (Reuters) - Alcoa AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, effective Sept. 24, 2023. (Reporting by Mehr Bedi in Bengaluru; Editing by Shilpi Majumdar) ((Mehr.Bedi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Sept 25 (Reuters) - Alcoa AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, effective Sept. 24, 2023. (Reporting by Mehr Bedi in Bengaluru; Editing by Shilpi Majumdar) ((Mehr.Bedi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Sept 25 (Reuters) - Alcoa AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, effective Sept. 24, 2023. (Reporting by Mehr Bedi in Bengaluru; Editing by Shilpi Majumdar) ((Mehr.Bedi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Sept 25 (Reuters) - Alcoa AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, effective Sept. 24, 2023. (Reporting by Mehr Bedi in Bengaluru; Editing by Shilpi Majumdar) ((Mehr.Bedi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Sept 25 (Reuters) - Alcoa AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, effective Sept. 24, 2023. (Reporting by Mehr Bedi in Bengaluru; Editing by Shilpi Majumdar) ((Mehr.Bedi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

424.0

2023-09-25 00:00:00 UTC

Alcoa Slides 5% In Morning Trade

AA

https://www.nasdaq.com/articles/alcoa-slides-5-in-morning-trade

(RTTNews) - Alcoa Corp. (AA) shares are declining more than 4 percent on Monday morning trade. The company named William Oplinger as President and CEO, to replace Roy Harvey, effective September 24. Oplinger has been serving as Chief Operating Officer of Alcoa. Currently, shares are at $26.87, down 5.19 percent from the previous close of $28.35 on a volume of 1,503,984. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) shares are declining more than 4 percent on Monday morning trade. The company named William Oplinger as President and CEO, to replace Roy Harvey, effective September 24. Oplinger has been serving as Chief Operating Officer of Alcoa.

(RTTNews) - Alcoa Corp. (AA) shares are declining more than 4 percent on Monday morning trade. Currently, shares are at $26.87, down 5.19 percent from the previous close of $28.35 on a volume of 1,503,984. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) shares are declining more than 4 percent on Monday morning trade. The company named William Oplinger as President and CEO, to replace Roy Harvey, effective September 24. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) shares are declining more than 4 percent on Monday morning trade. The company named William Oplinger as President and CEO, to replace Roy Harvey, effective September 24. Oplinger has been serving as Chief Operating Officer of Alcoa.

425.0

2023-09-25 00:00:00 UTC

Noteworthy Monday Option Activity: AA, CCRN, UUUU

AA

https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-aa-ccrn-uuuu

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 29,317 contracts have traded so far, representing approximately 2.9 million underlying shares. That amounts to about 46.9% of AA's average daily trading volume over the past month of 6.2 million shares. Particularly high volume was seen for the $27 strike call option expiring September 29, 2023, with 1,340 contracts trading so far today, representing approximately 134,000 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $27 strike highlighted in orange: Cross Country Healthcare Inc (Symbol: CCRN) saw options trading volume of 2,154 contracts, representing approximately 215,400 underlying shares or approximately 46% of CCRN's average daily trading volume over the past month, of 468,200 shares. Especially high volume was seen for the $30 strike call option expiring December 15, 2023, with 2,004 contracts trading so far today, representing approximately 200,400 underlying shares of CCRN. Below is a chart showing CCRN's trailing twelve month trading history, with the $30 strike highlighted in orange: And Energy Fuels Inc (Symbol: UUUU) saw options trading volume of 13,096 contracts, representing approximately 1.3 million underlying shares or approximately 45.9% of UUUU's average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $11 strike call option expiring January 19, 2024, with 4,409 contracts trading so far today, representing approximately 440,900 underlying shares of UUUU. Below is a chart showing UUUU's trailing twelve month trading history, with the $11 strike highlighted in orange: For the various different available expirations for AA options, CCRN options, or UUUU options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • GPN Split History • MIRM shares outstanding history • KMPR shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Particularly high volume was seen for the $27 strike call option expiring September 29, 2023, with 1,340 contracts trading so far today, representing approximately 134,000 underlying shares of AA. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 29,317 contracts have traded so far, representing approximately 2.9 million underlying shares. That amounts to about 46.9% of AA's average daily trading volume over the past month of 6.2 million shares.

Below is a chart showing AA's trailing twelve month trading history, with the $27 strike highlighted in orange: Cross Country Healthcare Inc (Symbol: CCRN) saw options trading volume of 2,154 contracts, representing approximately 215,400 underlying shares or approximately 46% of CCRN's average daily trading volume over the past month, of 468,200 shares. Below is a chart showing UUUU's trailing twelve month trading history, with the $11 strike highlighted in orange: For the various different available expirations for AA options, CCRN options, or UUUU options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 29,317 contracts have traded so far, representing approximately 2.9 million underlying shares.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 29,317 contracts have traded so far, representing approximately 2.9 million underlying shares. Below is a chart showing AA's trailing twelve month trading history, with the $27 strike highlighted in orange: Cross Country Healthcare Inc (Symbol: CCRN) saw options trading volume of 2,154 contracts, representing approximately 215,400 underlying shares or approximately 46% of CCRN's average daily trading volume over the past month, of 468,200 shares. That amounts to about 46.9% of AA's average daily trading volume over the past month of 6.2 million shares.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alcoa Corporation (Symbol: AA), where a total of 29,317 contracts have traded so far, representing approximately 2.9 million underlying shares. That amounts to about 46.9% of AA's average daily trading volume over the past month of 6.2 million shares. Particularly high volume was seen for the $27 strike call option expiring September 29, 2023, with 1,340 contracts trading so far today, representing approximately 134,000 underlying shares of AA.

426.0

2023-09-25 00:00:00 UTC

Alcoa appoints insider William Oplinger as CEO

AA

https://www.nasdaq.com/articles/alcoa-appoints-insider-william-oplinger-as-ceo-0

Adds details in paragraphs 2-3 Sept 25 (Reuters) - U.S. aluminum producer Alcoa Corp AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, succeeding Roy Harvey. Harvey will serve as strategic adviser to the CEO till the end of the year. Oplinger, whose appointment is effective Sept. 24, was the company's chief operations officer since February 2023 and chief financial officer from November 2016 to February 2023. (Reporting by Mehr Bedi in Bengaluru; Editing by Shilpi Majumdar) ((Mehr.Bedi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Adds details in paragraphs 2-3 Sept 25 (Reuters) - U.S. aluminum producer Alcoa Corp AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, succeeding Roy Harvey. Harvey will serve as strategic adviser to the CEO till the end of the year. (Reporting by Mehr Bedi in Bengaluru; Editing by Shilpi Majumdar) ((Mehr.Bedi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Adds details in paragraphs 2-3 Sept 25 (Reuters) - U.S. aluminum producer Alcoa Corp AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, succeeding Roy Harvey. Oplinger, whose appointment is effective Sept. 24, was the company's chief operations officer since February 2023 and chief financial officer from November 2016 to February 2023. (Reporting by Mehr Bedi in Bengaluru; Editing by Shilpi Majumdar) ((Mehr.Bedi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Adds details in paragraphs 2-3 Sept 25 (Reuters) - U.S. aluminum producer Alcoa Corp AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, succeeding Roy Harvey. Oplinger, whose appointment is effective Sept. 24, was the company's chief operations officer since February 2023 and chief financial officer from November 2016 to February 2023. (Reporting by Mehr Bedi in Bengaluru; Editing by Shilpi Majumdar) ((Mehr.Bedi@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Adds details in paragraphs 2-3 Sept 25 (Reuters) - U.S. aluminum producer Alcoa Corp AA.N said on Monday it has appointed internal candidate William Oplinger as chief executive officer and president, succeeding Roy Harvey. Harvey will serve as strategic adviser to the CEO till the end of the year. Oplinger, whose appointment is effective Sept. 24, was the company's chief operations officer since February 2023 and chief financial officer from November 2016 to February 2023.

427.0

2023-09-21 00:00:00 UTC

Morgan Stanley Maintains Alcoa (AA) Underweight Recommendation

AA

https://www.nasdaq.com/articles/morgan-stanley-maintains-alcoa-aa-underweight-recommendation-0

Fintel reports that on September 21, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. Analyst Price Forecast Suggests 33.16% Upside As of August 31, 2023, the average one-year price target for Alcoa is 39.12. The forecasts range from a low of 25.25 to a high of $57.75. The average price target represents an increase of 33.16% from its latest reported closing price of 29.38. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 12.50%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On July 27, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 8, 2023 received the payment on August 24, 2023. Previously, the company paid $0.10 per share. At the current share price of $29.38 / share, the stock's dividend yield is 1.36%. Looking back five years and taking a sample every week, the average dividend yield has been 1.66%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.26 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 882 funds or institutions reporting positions in Alcoa. This is a decrease of 146 owner(s) or 14.20% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.91%. Total shares owned by institutions decreased in the last three months by 3.36% to 164,427K shares. The put/call ratio of AA is 1.59, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 7,536K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 10,299K shares, representing a decrease of 36.67%. The firm decreased its portfolio allocation in AA by 46.57% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,574K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 5,536K shares, representing an increase of 0.67%. The firm decreased its portfolio allocation in AA by 25.95% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,412K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 5,460K shares, representing a decrease of 0.88%. The firm decreased its portfolio allocation in AA by 24.30% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,606K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 4,668K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in AA by 25.16% over the last quarter. Theleme Partners LLP holds 4,247K shares representing 2.38% ownership of the company. No change in the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on September 21, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.91%.

Fintel reports that on September 21, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.91%.

Fintel reports that on September 21, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.91%.

Fintel reports that on September 21, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.91%.

428.0

2023-09-18 00:00:00 UTC

Want Better Returns? Don?t Ignore These 2 Industrial Products Stocks Set to Beat Earnings

AA

https://www.nasdaq.com/articles/want-better-returns-dont-ignore-these-2-industrial-products-stocks-set-to-beat-earnings-5

Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise. We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises. Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool. The Zacks Earnings ESP, Explained The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate. With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb. Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest. Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank. Should You Consider Alcoa? Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Alcoa (AA) earns a #3 (Hold) right now and its Most Accurate Estimate sits at -$0.79 a share, just 30 days from its upcoming earnings release on October 18, 2023. Alcoa's Earnings ESP sits at +4.05%, which, as explained above, is calculated by taking the percentage difference between the -$0.79 Most Accurate Estimate and the Zacks Consensus Estimate of -$0.82. AA is also part of a large group of stocks that boast a positive ESP. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. AA is part of a big group of Industrial Products stocks that boast a positive ESP, and investors may want to take a look at Rockwell Automation (ROK) as well. Rockwell Automation is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on November 1, 2023. ROK's Most Accurate Estimate sits at $3.54 a share 44 days from its next earnings release. Rockwell Automation's Earnings ESP figure currently stands at +1.4% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $3.49. AA and ROK's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon. Find Stocks to Buy or Sell Before They're Reported Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >> The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AA is part of a big group of Industrial Products stocks that boast a positive ESP, and investors may want to take a look at Rockwell Automation (ROK) as well. Alcoa (AA) earns a #3 (Hold) right now and its Most Accurate Estimate sits at -$0.79 a share, just 30 days from its upcoming earnings release on October 18, 2023. AA is also part of a large group of stocks that boast a positive ESP.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa (AA) earns a #3 (Hold) right now and its Most Accurate Estimate sits at -$0.79 a share, just 30 days from its upcoming earnings release on October 18, 2023. AA is also part of a large group of stocks that boast a positive ESP.

Alcoa (AA) earns a #3 (Hold) right now and its Most Accurate Estimate sits at -$0.79 a share, just 30 days from its upcoming earnings release on October 18, 2023. AA is also part of a large group of stocks that boast a positive ESP. AA is part of a big group of Industrial Products stocks that boast a positive ESP, and investors may want to take a look at Rockwell Automation (ROK) as well.

Alcoa (AA) earns a #3 (Hold) right now and its Most Accurate Estimate sits at -$0.79 a share, just 30 days from its upcoming earnings release on October 18, 2023. AA is also part of a large group of stocks that boast a positive ESP. AA is part of a big group of Industrial Products stocks that boast a positive ESP, and investors may want to take a look at Rockwell Automation (ROK) as well.

429.0

2023-09-15 00:00:00 UTC

Notable Friday Option Activity: TDOC, BCO, AA

AA

https://www.nasdaq.com/articles/notable-friday-option-activity%3A-tdoc-bco-aa

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Teladoc Health Inc (Symbol: TDOC), where a total volume of 18,130 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.8% of TDOC's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $20 strike call option expiring October 20, 2023, with 1,532 contracts trading so far today, representing approximately 153,200 underlying shares of TDOC. Below is a chart showing TDOC's trailing twelve month trading history, with the $20 strike highlighted in orange: Brinks Co (Symbol: BCO) saw options trading volume of 1,005 contracts, representing approximately 100,500 underlying shares or approximately 51.3% of BCO's average daily trading volume over the past month, of 195,785 shares. Particularly high volume was seen for the $60 strike put option expiring November 17, 2023, with 501 contracts trading so far today, representing approximately 50,100 underlying shares of BCO. Below is a chart showing BCO's trailing twelve month trading history, with the $60 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 30,159 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 49.7% of AA's average daily trading volume over the past month, of 6.1 million shares. Especially high volume was seen for the $30 strike put option expiring October 20, 2023, with 5,445 contracts trading so far today, representing approximately 544,500 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for TDOC options, BCO options, or AA options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • CPLG Insider Buying • DXJS market cap history • VNM Average Annual Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Especially high volume was seen for the $30 strike put option expiring October 20, 2023, with 5,445 contracts trading so far today, representing approximately 544,500 underlying shares of AA. Below is a chart showing BCO's trailing twelve month trading history, with the $60 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 30,159 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 49.7% of AA's average daily trading volume over the past month, of 6.1 million shares.

Below is a chart showing BCO's trailing twelve month trading history, with the $60 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 30,159 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 49.7% of AA's average daily trading volume over the past month, of 6.1 million shares. Especially high volume was seen for the $30 strike put option expiring October 20, 2023, with 5,445 contracts trading so far today, representing approximately 544,500 underlying shares of AA.

That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 49.7% of AA's average daily trading volume over the past month, of 6.1 million shares. Below is a chart showing BCO's trailing twelve month trading history, with the $60 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 30,159 contracts thus far today. Especially high volume was seen for the $30 strike put option expiring October 20, 2023, with 5,445 contracts trading so far today, representing approximately 544,500 underlying shares of AA.

That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 49.7% of AA's average daily trading volume over the past month, of 6.1 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for TDOC options, BCO options, or AA options, visit StockOptionsChannel.com. Below is a chart showing BCO's trailing twelve month trading history, with the $60 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) options are showing a volume of 30,159 contracts thus far today.

430.0

2023-09-15 00:00:00 UTC

JP Morgan Maintains Alcoa (AA) Neutral Recommendation

AA

https://www.nasdaq.com/articles/jp-morgan-maintains-alcoa-aa-neutral-recommendation

Fintel reports that on September 15, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. Analyst Price Forecast Suggests 29.58% Upside As of August 31, 2023, the average one-year price target for Alcoa is 39.12. The forecasts range from a low of 25.25 to a high of $57.75. The average price target represents an increase of 29.58% from its latest reported closing price of 30.19. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 12.50%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On July 27, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 8, 2023 received the payment on August 24, 2023. Previously, the company paid $0.10 per share. At the current share price of $30.19 / share, the stock's dividend yield is 1.32%. Looking back five years and taking a sample every week, the average dividend yield has been 1.65%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.28 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 882 funds or institutions reporting positions in Alcoa. This is a decrease of 149 owner(s) or 14.45% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.75%. Total shares owned by institutions decreased in the last three months by 3.36% to 164,436K shares. The put/call ratio of AA is 1.03, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 7,536K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 10,299K shares, representing a decrease of 36.67%. The firm decreased its portfolio allocation in AA by 46.57% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,574K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 5,536K shares, representing an increase of 0.67%. The firm decreased its portfolio allocation in AA by 25.95% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,412K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 5,460K shares, representing a decrease of 0.88%. The firm decreased its portfolio allocation in AA by 24.30% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,606K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 4,668K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in AA by 25.16% over the last quarter. Theleme Partners LLP holds 4,247K shares representing 2.38% ownership of the company. No change in the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on September 15, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.75%.

Fintel reports that on September 15, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.75%.

Fintel reports that on September 15, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.75%.

Fintel reports that on September 15, 2023, JP Morgan maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.75%.

431.0

2023-09-12 00:00:00 UTC

Alcoa (AA) Dips More Than Broader Markets: What You Should Know

AA

https://www.nasdaq.com/articles/alcoa-aa-dips-more-than-broader-markets%3A-what-you-should-know-10

In the latest trading session, Alcoa (AA) closed at $28.20, marking a -1.67% move from the previous day. This change lagged the S&P 500's 0.57% loss on the day. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 1.04%. Heading into today, shares of the bauxite, alumina and aluminum products company had lost 9.61% over the past month, lagging the Industrial Products sector's loss of 1.68% and the S&P 500's gain of 0.64% in that time. Investors will be hoping for strength from Alcoa as it approaches its next earnings release. On that day, Alcoa is projected to report earnings of -$0.82 per share, which would represent a year-over-year decline of 148.48%. Meanwhile, our latest consensus estimate is calling for revenue of $2.62 billion, down 8.15% from the prior-year quarter. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.25 per share and revenue of $10.67 billion. These totals would mark changes of -125.88% and -14.29%, respectively, from last year. Investors should also note any recent changes to analyst estimates for Alcoa. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 23.76% lower within the past month. Alcoa is holding a Zacks Rank of #3 (Hold) right now. The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. Free Report: Top EV Battery Stocks to Buy Now Just-released report reveals 5 stocks to profit as millions of EV batteries are made. Elon Musk tweeted that lithium prices have gone to "insane levels," and they're likely to keep climbing. As a result, a handful of lithium battery stocks are set to skyrocket. Access this report to discover which battery stocks to buy and which to avoid. Download free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In the latest trading session, Alcoa (AA) closed at $28.20, marking a -1.67% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.25 per share and revenue of $10.67 billion.

In the latest trading session, Alcoa (AA) closed at $28.20, marking a -1.67% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Heading into today, shares of the bauxite, alumina and aluminum products company had lost 9.61% over the past month, lagging the Industrial Products sector's loss of 1.68% and the S&P 500's gain of 0.64% in that time.

In the latest trading session, Alcoa (AA) closed at $28.20, marking a -1.67% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries.

In the latest trading session, Alcoa (AA) closed at $28.20, marking a -1.67% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Heading into today, shares of the bauxite, alumina and aluminum products company had lost 9.61% over the past month, lagging the Industrial Products sector's loss of 1.68% and the S&P 500's gain of 0.64% in that time.

432.0

2023-09-12 00:00:00 UTC

1 Stock to Buy Now for the Aluminum Price Recovery

AA

https://www.nasdaq.com/articles/1-stock-to-buy-now-for-the-aluminum-price-recovery

This year has not been a good one for aluminum prices (ALU23). The aluminum futures benchmark on the London Metal Exchange has fallen nearly a fifth since its January peak, and more than 40% from last year’s highs — largely due to economic weakness in Europe and the U.S., and poor construction demand in China. The benchmark three-month future contract on the LME is currently about $2,180 a metric ton, down from more than $3,840 a ton at last year’s peak. This slump in aluminum prices this year is reflecting the long-awaited, but yet-to-materialize global economic slowdown. Used in everything from buildings, beverage cans, solar panels, automobiles and airplanes, aluminum prices are often a proxy for expected industrial activity. With aluminum trading at levels last seen in early 2021, it may be “nearing a bottom,” according to producers and industry analysts, who are growing increasingly bullish about demand over the medium term for the metal from quickly growing clean technologies. These technologies include electric vehicles (EVs) and solar panels. Demand from the solar market is particularly strong at the moment. Solar farms typically use aluminum for frames and mounting solar panels. Electric vehicles also require more aluminum than traditional internal combustion engine cars. The Aluminum Market Now Aluminum prices this month experienced their largest contango since the 2008-09 global financial crisis. Contango means that aluminum bought currently is at a discount to the futures prices for aluminum. This reflects weak spot (immediate) demand, as well as the expectation that future prices will be higher than today. Estimates are that there is currently a global surplus of just over 800,000 metric tons this year, and that is weighing on the price. But there are also signs that the gloomy fog over aluminum is beginning to lift, as a period of running down global aluminum inventories appears to be coming to an end.Surprisingly to some, China has actually been a bright spot for aluminum demand. That’s due to the fact that rapidly growing spending on clean energy infrastructure is more than making up for slumping demand from the highly indebted Chinese property sector. Graeme Train, head of metals research at trading house Trafigura (one of the world’s largest metals traders), told the Financial Times that “Chinese demand is running at a record high.” In July, China’s imports of aluminum rose 20% compared with a year earlier. However, that positive is being partially offset by China’s domestic production of aluminum, which is close to a record high. Add up all the factors, and the outlook for aluminum looks much more interesting - over the medium term - than it has been for a long time. One way to participate in aluminum’s upside potential is by purchasing Alcoa (AA) stock. Let’s take a closer look at the company. Alcoa Outlook Alcoa, founded in 1888, is one of the world’s largest aluminum producers. It is a vertically integrated aluminum company that is comprised of bauxite mining, alumina refining, aluminum production (smelting and casting), and energy generation. The company has 27 operating locations (through direct and indirect ownership) in 9 countries on 6 continents, situated primarily in Australia, Brazil, Canada, Iceland, Norway, Spain, and the U.S. Alcoa's assets include the largest bauxite mining portfolio in the world, a globally-diverse alumina refining system, and an aluminum smelting portfolio. The company is one of the world’s largest bauxite miners, with access to large bauxite deposit areas with mining rights that extend (in most cases) more than 20 years. Alcoa has ownership in seven active bauxite mines globally, four of which it operates, that are strategically located near key Atlantic and Pacific markets. This includes the Huntly mine in Australia, which the second largest bauxite mine in the world. Alcoa is also the world’s largest alumina producer outside of China, with a highly competitive cost curve position. It has seven refineries on four continents, including one of the world’s largest alumina production facilities, the Pinjarra refinery in Western Australia. In addition to supplying its aluminum smelters with high-quality feedstock, AA also has significant alumina sales to third parties, with around two thirds of production being sold externally. Alcoa’s stock is down 45% over the past year and 37.6% year-to-date. The shares have sold off over lower aluminum prices and the related fears of a steep global recession, and now trade just over $28. www.barchart.com Even if Alcoa stock goes back to $35 a share, it would imply an EV/EBITDA (enterprise value/earnings before interest, taxes, depreciation, and amortization ratio) of 4.8 times its 2024 EBITDA estimate. That’s in line with its three-year average forward EV/EBITDA - but a discount to its peers, which trade at an average of 7.5 times. Given Alcoa’s compelling valuation and strong free cash flow yield, I am confident in the company, as it is increasingly relied upon to meet the growing structural demand from electrification and the global energy transition. AA can be bought anywhere below $30 a share. On the date of publication, Tony Daltorio did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

One way to participate in aluminum’s upside potential is by purchasing Alcoa (AA) stock. In addition to supplying its aluminum smelters with high-quality feedstock, AA also has significant alumina sales to third parties, with around two thirds of production being sold externally. AA can be bought anywhere below $30 a share.

One way to participate in aluminum’s upside potential is by purchasing Alcoa (AA) stock. In addition to supplying its aluminum smelters with high-quality feedstock, AA also has significant alumina sales to third parties, with around two thirds of production being sold externally. AA can be bought anywhere below $30 a share.

One way to participate in aluminum’s upside potential is by purchasing Alcoa (AA) stock. In addition to supplying its aluminum smelters with high-quality feedstock, AA also has significant alumina sales to third parties, with around two thirds of production being sold externally. AA can be bought anywhere below $30 a share.

AA can be bought anywhere below $30 a share. One way to participate in aluminum’s upside potential is by purchasing Alcoa (AA) stock. In addition to supplying its aluminum smelters with high-quality feedstock, AA also has significant alumina sales to third parties, with around two thirds of production being sold externally.

433.0

2023-09-07 00:00:00 UTC

AA October 27th Options Begin Trading

AA

https://www.nasdaq.com/articles/aa-october-27th-options-begin-trading

Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 27th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 27th contracts and identified one put and one call contract of particular interest. The put contract at the $26.00 strike price has a current bid of 97 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $26.00, but will also collect the premium, putting the cost basis of the shares at $25.03 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $28.21/share today. Because the $26.00 strike represents an approximate 8% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.73% return on the cash commitment, or 27.23% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $26.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $30.00 strike price has a current bid of $1.31. If an investor was to purchase shares of AA stock at the current price level of $28.21/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $30.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.99% if the stock gets called away at the October 27th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.64% boost of extra return to the investor, or 33.90% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $28.21) to be 57%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 » Also see: • REFI Stock Predictions • NBRV Videos • Sempra RSI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 27th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 27th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 27th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 27th contracts and identified one put and one call contract of particular interest.

At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 27th contracts and identified one put and one call contract of particular interest. Below is a chart showing AA's trailing twelve month trading history, with the $30.00 strike highlighted in red: Considering the fact that the $30.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 27th expiration.

434.0

2023-09-06 00:00:00 UTC

Alcoa (AA) Stock Moves -0.3%: What You Should Know

AA

https://www.nasdaq.com/articles/alcoa-aa-stock-moves-0.3%3A-what-you-should-know

In the latest trading session, Alcoa (AA) closed at $30.20, marking a -0.3% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.7%. At the same time, the Dow lost 0.57%, and the tech-heavy Nasdaq lost 1.06%. Coming into today, shares of the bauxite, alumina and aluminum products company had lost 8.85% in the past month. In that same time, the Industrial Products sector lost 0.43%, while the S&P 500 gained 0.58%. Investors will be hoping for strength from Alcoa as it approaches its next earnings release. On that day, Alcoa is projected to report earnings of -$0.82 per share, which would represent a year-over-year decline of 148.48%. Meanwhile, our latest consensus estimate is calling for revenue of $2.62 billion, down 8.15% from the prior-year quarter. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.25 per share and revenue of $10.67 billion. These totals would mark changes of -125.88% and -14.29%, respectively, from last year. Any recent changes to analyst estimates for Alcoa should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 23.76% lower within the past month. Alcoa is currently a Zacks Rank #3 (Hold). The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In the latest trading session, Alcoa (AA) closed at $30.20, marking a -0.3% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Coming into today, shares of the bauxite, alumina and aluminum products company had lost 8.85% in the past month.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Alcoa (AA) closed at $30.20, marking a -0.3% move from the previous day. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.25 per share and revenue of $10.67 billion.

In the latest trading session, Alcoa (AA) closed at $30.20, marking a -0.3% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.25 per share and revenue of $10.67 billion.

In the latest trading session, Alcoa (AA) closed at $30.20, marking a -0.3% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.25 per share and revenue of $10.67 billion.

435.0

2023-08-30 00:00:00 UTC

Unusual Put Option Trade in Alcoa (AA) Worth $6,252.50K

AA

https://www.nasdaq.com/articles/unusual-put-option-trade-in-alcoa-aa-worth-%246252.50k

On August 30, 2023 at 13:22:59 ET an unusually large $6,252.50K block of Put contracts in Alcoa (AA) was sold, with a strike price of $60.00 / share, expiring in 142 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.77 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AA options. This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted. What is the Fund Sentiment? There are 901 funds or institutions reporting positions in Alcoa. This is a decrease of 128 owner(s) or 12.44% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.46%. Total shares owned by institutions decreased in the last three months by 3.18% to 164,788K shares. The put/call ratio of AA is 1.04, indicating a bearish outlook. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Analyst Price Forecast Suggests 39.97% Upside As of August 2, 2023, the average one-year price target for Alcoa is 39.86. The forecasts range from a low of 25.25 to a high of $57.75. The average price target represents an increase of 39.97% from its latest reported closing price of 28.48. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 12.50%. The projected annual non-GAAP EPS is 3.60. What are Other Shareholders Doing? Bank of New York Mellon holds 7,536K shares representing 4.22% ownership of the company. In it's prior filing, the firm reported owning 10,299K shares, representing a decrease of 36.67%. The firm decreased its portfolio allocation in AA by 46.57% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,574K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 5,536K shares, representing an increase of 0.67%. The firm decreased its portfolio allocation in AA by 25.95% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,412K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 5,460K shares, representing a decrease of 0.88%. The firm decreased its portfolio allocation in AA by 24.30% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,606K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 4,668K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in AA by 25.16% over the last quarter. Theleme Partners LLP holds 4,247K shares representing 2.38% ownership of the company. No change in the last quarter. Alcoa Declares $0.10 Dividend On July 27, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of August 8, 2023 received the payment on August 24, 2023. Previously, the company paid $0.10 per share. At the current share price of $28.48 / share, the stock's dividend yield is 1.40%. Looking back five years and taking a sample every week, the average dividend yield has been 1.65%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.21 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: AMENDED AND RESTATED BYLAWS ALCOA CORPORATION Incorporated under the Laws of the State of Delaware Alcoa Corporation Reports Second Quarter 2023 Results Press release of Alcoa Corporation dated April 19, 2023 Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

On August 30, 2023 at 13:22:59 ET an unusually large $6,252.50K block of Put contracts in Alcoa (AA) was sold, with a strike price of $60.00 / share, expiring in 142 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.77 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AA options. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.46%.

On August 30, 2023 at 13:22:59 ET an unusually large $6,252.50K block of Put contracts in Alcoa (AA) was sold, with a strike price of $60.00 / share, expiring in 142 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.77 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AA options. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.46%.

On August 30, 2023 at 13:22:59 ET an unusually large $6,252.50K block of Put contracts in Alcoa (AA) was sold, with a strike price of $60.00 / share, expiring in 142 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.77 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AA options. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.46%.

On August 30, 2023 at 13:22:59 ET an unusually large $6,252.50K block of Put contracts in Alcoa (AA) was sold, with a strike price of $60.00 / share, expiring in 142 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 6.77 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AA options. Average portfolio weight of all funds dedicated to AA is 0.17%, a decrease of 27.46%.

436.0

2023-08-30 00:00:00 UTC

Alcoa (AA) Stock Sinks As Market Gains: What You Should Know

AA

https://www.nasdaq.com/articles/alcoa-aa-stock-sinks-as-market-gains%3A-what-you-should-know-7

In the latest trading session, Alcoa (AA) closed at $29.51, marking a -0.34% move from the previous day. This move lagged the S&P 500's daily gain of 0.38%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.54%. Heading into today, shares of the bauxite, alumina and aluminum products company had lost 15.83% over the past month, lagging the Industrial Products sector's loss of 0.54% and the S&P 500's loss of 1.68% in that time. Investors will be hoping for strength from Alcoa as it approaches its next earnings release. On that day, Alcoa is projected to report earnings of -$0.72 per share, which would represent a year-over-year decline of 118.18%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.56 billion, down 10.25% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.25 per share and revenue of $10.67 billion, which would represent changes of -125.88% and -14.29%, respectively, from the prior year. Any recent changes to analyst estimates for Alcoa should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 23.76% lower. Alcoa currently has a Zacks Rank of #3 (Hold). The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 25% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In the latest trading session, Alcoa (AA) closed at $29.51, marking a -0.34% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Alcoa (AA) closed at $29.51, marking a -0.34% move from the previous day. Heading into today, shares of the bauxite, alumina and aluminum products company had lost 15.83% over the past month, lagging the Industrial Products sector's loss of 0.54% and the S&P 500's loss of 1.68% in that time.

In the latest trading session, Alcoa (AA) closed at $29.51, marking a -0.34% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.25 per share and revenue of $10.67 billion, which would represent changes of -125.88% and -14.29%, respectively, from the prior year.

In the latest trading session, Alcoa (AA) closed at $29.51, marking a -0.34% move from the previous day. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 25% of all 250+ industries.

437.0

2023-08-29 00:00:00 UTC

Noteworthy Tuesday Option Activity: U, AA, OLLI

AA

https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-u-aa-olli

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Unity Software Inc (Symbol: U), where a total of 42,407 contracts have traded so far, representing approximately 4.2 million underlying shares. That amounts to about 47% of U's average daily trading volume over the past month of 9.0 million shares. Especially high volume was seen for the $35 strike put option expiring September 01, 2023, with 3,029 contracts trading so far today, representing approximately 302,900 underlying shares of U. Below is a chart showing U's trailing twelve month trading history, with the $35 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 24,457 contracts, representing approximately 2.4 million underlying shares or approximately 46.4% of AA's average daily trading volume over the past month, of 5.3 million shares. Especially high volume was seen for the $30 strike call option expiring September 15, 2023, with 2,699 contracts trading so far today, representing approximately 269,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: And Ollie's Bargain Outlet Holdings Inc (Symbol: OLLI) saw options trading volume of 3,843 contracts, representing approximately 384,300 underlying shares or approximately 46.4% of OLLI's average daily trading volume over the past month, of 828,105 shares. Especially high volume was seen for the $72.50 strike put option expiring September 15, 2023, with 2,378 contracts trading so far today, representing approximately 237,800 underlying shares of OLLI. Below is a chart showing OLLI's trailing twelve month trading history, with the $72.50 strike highlighted in orange: For the various different available expirations for U options, AA options, or OLLI options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • DRH Price Target • Institutional Holders of IMPL • Q Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Especially high volume was seen for the $30 strike call option expiring September 15, 2023, with 2,699 contracts trading so far today, representing approximately 269,900 underlying shares of AA. Below is a chart showing U's trailing twelve month trading history, with the $35 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 24,457 contracts, representing approximately 2.4 million underlying shares or approximately 46.4% of AA's average daily trading volume over the past month, of 5.3 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: And Ollie's Bargain Outlet Holdings Inc (Symbol: OLLI) saw options trading volume of 3,843 contracts, representing approximately 384,300 underlying shares or approximately 46.4% of OLLI's average daily trading volume over the past month, of 828,105 shares.

Below is a chart showing U's trailing twelve month trading history, with the $35 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 24,457 contracts, representing approximately 2.4 million underlying shares or approximately 46.4% of AA's average daily trading volume over the past month, of 5.3 million shares. Especially high volume was seen for the $30 strike call option expiring September 15, 2023, with 2,699 contracts trading so far today, representing approximately 269,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: And Ollie's Bargain Outlet Holdings Inc (Symbol: OLLI) saw options trading volume of 3,843 contracts, representing approximately 384,300 underlying shares or approximately 46.4% of OLLI's average daily trading volume over the past month, of 828,105 shares.

Below is a chart showing U's trailing twelve month trading history, with the $35 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 24,457 contracts, representing approximately 2.4 million underlying shares or approximately 46.4% of AA's average daily trading volume over the past month, of 5.3 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: And Ollie's Bargain Outlet Holdings Inc (Symbol: OLLI) saw options trading volume of 3,843 contracts, representing approximately 384,300 underlying shares or approximately 46.4% of OLLI's average daily trading volume over the past month, of 828,105 shares. Especially high volume was seen for the $30 strike call option expiring September 15, 2023, with 2,699 contracts trading so far today, representing approximately 269,900 underlying shares of AA.

Below is a chart showing U's trailing twelve month trading history, with the $35 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 24,457 contracts, representing approximately 2.4 million underlying shares or approximately 46.4% of AA's average daily trading volume over the past month, of 5.3 million shares. Especially high volume was seen for the $30 strike call option expiring September 15, 2023, with 2,699 contracts trading so far today, representing approximately 269,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: And Ollie's Bargain Outlet Holdings Inc (Symbol: OLLI) saw options trading volume of 3,843 contracts, representing approximately 384,300 underlying shares or approximately 46.4% of OLLI's average daily trading volume over the past month, of 828,105 shares.

438.0

2023-08-25 00:00:00 UTC

Global aluminium producer seeks Q4 premium of $120/T from Japan buyers-sources

AA

https://www.nasdaq.com/articles/global-aluminium-producer-seeks-q4-premium-of-%24120-t-from-japan-buyers-sources

TOKYO, Aug 25 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $120 per metric ton for October-December primary metal shipments, down 6% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. For the July-September quarter, Japanese buyers agreed to pay a premium of $127.5 per tonPREM-ALUM-JP, nearly in line with the prior quarter's levels. (Reporting by Yuka Obayashi; Editing by Toby Chopra) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TOKYO, Aug 25 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $120 per metric ton for October-December primary metal shipments, down 6% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. (Reporting by Yuka Obayashi; Editing by Toby Chopra) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TOKYO, Aug 25 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $120 per metric ton for October-December primary metal shipments, down 6% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. For the July-September quarter, Japanese buyers agreed to pay a premium of $127.5 per tonPREM-ALUM-JP, nearly in line with the prior quarter's levels.

TOKYO, Aug 25 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $120 per metric ton for October-December primary metal shipments, down 6% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. (Reporting by Yuka Obayashi; Editing by Toby Chopra) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TOKYO, Aug 25 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $120 per metric ton for October-December primary metal shipments, down 6% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. For the July-September quarter, Japanese buyers agreed to pay a premium of $127.5 per tonPREM-ALUM-JP, nearly in line with the prior quarter's levels.

439.0

2023-08-24 00:00:00 UTC

Interesting AA Put And Call Options For October 6th

AA

https://www.nasdaq.com/articles/interesting-aa-put-and-call-options-for-october-6th

Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 6th contracts and identified one put and one call contract of particular interest. The put contract at the $28.00 strike price has a current bid of $1.37. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $28.00, but will also collect the premium, putting the cost basis of the shares at $26.63 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $28.83/share today. Because the $28.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.89% return on the cash commitment, or 41.53% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $28.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $29.00 strike price has a current bid of $1.89. If an investor was to purchase shares of AA stock at the current price level of $28.83/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $29.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.15% if the stock gets called away at the October 6th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.56% boost of extra return to the investor, or 55.65% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $28.83) to be 57%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 » Also see: • Institutional Holders of MBRX • LNT shares outstanding history • EMTY Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 6th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 6th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 6th contracts and identified one put and one call contract of particular interest.

At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new October 6th contracts and identified one put and one call contract of particular interest. Below is a chart showing AA's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the October 6th expiration.

440.0

2023-08-24 00:00:00 UTC

Alcoa (AA) Stock Moves -0.21%: What You Should Know

AA

https://www.nasdaq.com/articles/alcoa-aa-stock-moves-0.21%3A-what-you-should-know

In the latest trading session, Alcoa (AA) closed at $28.75, marking a -0.21% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.35%. At the same time, the Dow lost 1.08%, and the tech-heavy Nasdaq lost 1.87%. Prior to today's trading, shares of the bauxite, alumina and aluminum products company had lost 17.31% over the past month. This has lagged the Industrial Products sector's loss of 3.21% and the S&P 500's loss of 2.06% in that time. Wall Street will be looking for positivity from Alcoa as it approaches its next earnings report date. The company is expected to report EPS of -$0.57, down 72.73% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.56 billion, down 10.25% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.01 per share and revenue of $10.5 billion. These totals would mark changes of -120.91% and -15.65%, respectively, from last year. Any recent changes to analyst estimates for Alcoa should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Alcoa is currently sporting a Zacks Rank of #3 (Hold). The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow AA in the coming trading sessions, be sure to utilize Zacks.com. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In the latest trading session, Alcoa (AA) closed at $28.75, marking a -0.21% move from the previous day. To follow AA in the coming trading sessions, be sure to utilize Zacks.com. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Alcoa (AA) closed at $28.75, marking a -0.21% move from the previous day. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.

In the latest trading session, Alcoa (AA) closed at $28.75, marking a -0.21% move from the previous day. To follow AA in the coming trading sessions, be sure to utilize Zacks.com. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here.

In the latest trading session, Alcoa (AA) closed at $28.75, marking a -0.21% move from the previous day. To follow AA in the coming trading sessions, be sure to utilize Zacks.com. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here.

441.0

2023-08-22 00:00:00 UTC

Shares of AA Now Oversold

AA

https://www.nasdaq.com/articles/shares-of-aa-now-oversold-0

In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $28.33 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Alcoa Corporation, the RSI reading has hit 29.9 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 44.1, the RSI of Spot Gold is at 5.4, and the RSI of Spot Silver is presently 17.1. A bullish investor could look at AA's 29.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $28.03 per share, with $58.235 as the 52 week high point — that compares with a last trade of $28.39. Alcoa Corporation shares are currently trading off about 0.7% on the day. Free Report: Top 8%+ Dividends (paid monthly) Click here to find out what 9 other oversold metals stocks you need to know about » Also see: • XLI market cap history • Top Ten Hedge Funds Holding FCA • HES YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A bullish investor could look at AA's 29.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $28.33 per share. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $28.03 per share, with $58.235 as the 52 week high point — that compares with a last trade of $28.39.

In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $28.33 per share. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $28.03 per share, with $58.235 as the 52 week high point — that compares with a last trade of $28.39. A bullish investor could look at AA's 29.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $28.33 per share. A bullish investor could look at AA's 29.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $28.03 per share, with $58.235 as the 52 week high point — that compares with a last trade of $28.39.

In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $28.33 per share. A bullish investor could look at AA's 29.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $28.03 per share, with $58.235 as the 52 week high point — that compares with a last trade of $28.39.

442.0

2023-08-16 00:00:00 UTC

Noteworthy Wednesday Option Activity: U, AA, IRBT

AA

https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-u-aa-irbt

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Unity Software Inc (Symbol: U), where a total of 51,509 contracts have traded so far, representing approximately 5.2 million underlying shares. That amounts to about 49.1% of U's average daily trading volume over the past month of 10.5 million shares. Particularly high volume was seen for the $37 strike call option expiring August 18, 2023, with 17,983 contracts trading so far today, representing approximately 1.8 million underlying shares of U. Below is a chart showing U's trailing twelve month trading history, with the $37 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 27,601 contracts, representing approximately 2.8 million underlying shares or approximately 47.4% of AA's average daily trading volume over the past month, of 5.8 million shares. Particularly high volume was seen for the $30 strike call option expiring September 15, 2023, with 5,409 contracts trading so far today, representing approximately 540,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: And iRobot Corp (Symbol: IRBT) options are showing a volume of 1,932 contracts thus far today. That number of contracts represents approximately 193,200 underlying shares, working out to a sizeable 47% of IRBT's average daily trading volume over the past month, of 411,310 shares. Especially high volume was seen for the $50 strike call option expiring January 19, 2024, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of IRBT. Below is a chart showing IRBT's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for U options, AA options, or IRBT options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • Stock Splits • Institutional Holders of SP • Institutional Holders of DIM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Particularly high volume was seen for the $30 strike call option expiring September 15, 2023, with 5,409 contracts trading so far today, representing approximately 540,900 underlying shares of AA. Below is a chart showing U's trailing twelve month trading history, with the $37 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 27,601 contracts, representing approximately 2.8 million underlying shares or approximately 47.4% of AA's average daily trading volume over the past month, of 5.8 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: And iRobot Corp (Symbol: IRBT) options are showing a volume of 1,932 contracts thus far today.

Below is a chart showing U's trailing twelve month trading history, with the $37 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 27,601 contracts, representing approximately 2.8 million underlying shares or approximately 47.4% of AA's average daily trading volume over the past month, of 5.8 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: And iRobot Corp (Symbol: IRBT) options are showing a volume of 1,932 contracts thus far today. Particularly high volume was seen for the $30 strike call option expiring September 15, 2023, with 5,409 contracts trading so far today, representing approximately 540,900 underlying shares of AA.

Below is a chart showing U's trailing twelve month trading history, with the $37 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 27,601 contracts, representing approximately 2.8 million underlying shares or approximately 47.4% of AA's average daily trading volume over the past month, of 5.8 million shares. Particularly high volume was seen for the $30 strike call option expiring September 15, 2023, with 5,409 contracts trading so far today, representing approximately 540,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $30 strike highlighted in orange: And iRobot Corp (Symbol: IRBT) options are showing a volume of 1,932 contracts thus far today.

Below is a chart showing U's trailing twelve month trading history, with the $37 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 27,601 contracts, representing approximately 2.8 million underlying shares or approximately 47.4% of AA's average daily trading volume over the past month, of 5.8 million shares. Below is a chart showing IRBT's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for U options, AA options, or IRBT options, visit StockOptionsChannel.com. Particularly high volume was seen for the $30 strike call option expiring September 15, 2023, with 5,409 contracts trading so far today, representing approximately 540,900 underlying shares of AA.

443.0

2023-08-03 00:00:00 UTC

COLUMN-Rio Tinto counts the cost of producing green aluminium: Andy Home

AA

https://www.nasdaq.com/articles/column-rio-tinto-counts-the-cost-of-producing-green-aluminium%3A-andy-home-0

By Andy Home LONDON, Aug 3 (Reuters) - Rio Tinto RIO.L is finding out just how hard it is to produce low-carbon aluminium. The company booked a $1.175 billion impairment charge against its two Australian alumina refineries in its second-quarter results. This is in part down to what Rio Tinto called "challenging market conditions" for alumina, which is refined from bauxite and then fed into a smelter for conversion into metal. But it is also down to the cost of decarbonising two of the company's biggest greenhouse gas emitters. The short-term cost comes in the form of Australia's new carbon tax on big industrial operators. The long-term problem is the dependence of both Rio's alumina refineries and aluminium smelters on a national power grid that is largely driven by coal and gas. Such is the aluminium paradox. A metal that is core to the green energy transition comes with a heavy carbon footprint, the sector accounting for around 2% of all man-made emissions every year. CARBON PROBLEMS Rio Tinto has conceded it is unlikely to meet its 15% target for reducing group emissions by 2025 without buying carbon credits, although it remains committed to its goal of cutting emissions in half by 2030. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons. Rio's Canadian smelter network draws power from Quebec's hydro-electric system, meaning its Atlantic operations generated 4.8 million metric tons of carbon equivalent last year, half the amount produced by its Pacific operations, according to Rio's 2022 sustainability report. The two Pacific region refineries, Queensland Aluminium (QAL) and Yarwun, with combined alumina production last year of 6.4 million metric tons, are responsible for half of Rio's Scope 1 direct emissions in Australia. Together with the company's three power-hungry smelters, the Australian operations represent around half of the group's direct and Scope 2 emissions, which include the carbon footprint of energy used in the aluminium production process. WRITE-DOWNS Rio's impairment charge, which comes in at $828 million after tax, comprises a complete write-down of the Yarwun refinery and a $227 million impairment of the QAL plant. The company is evaluating a major capital investment project at QAL aimed at boosting efficiency and cutting emissions. If the so-called "double digestion" project doesn't go ahead, the operation will also be fully written down, Rio said. The trigger for the write-down is the Australian government's revised Safeguard Mechanism, which came into force in July. It sets carbon caps on some of the country's biggest emitters, forcing them to pay for carbon offsets if they breach the upper threshold. That imposes extra costs on a business in which "we're actually not really making money", Rio Tinto CEO Jakob Stausholm told analysts on the company's quarterly results call. The baseline for calculating the carbon caps will decline by 4.9% each year until 2030, which the government hopes will allow companies time to decarbonise their operations. Rio has won some concessions from the government on the basis that its aluminium assets are a strategic part of the country's industrial profile, but its two refineries have still not escaped the negative financial impact. GRID-LOCK As well as looking at an upgrade at QAL, Rio has partnered with Japan's Sumitomo Corp on a project to use hydrogen rather than natural gas at Yarwun. The pilot plant will produce around 6,000 metric tons of alumina per year while cutting carbon dioxide emissions by about 3,000 metric tons per year. This, however, is experimental technology and doesn't provide an immediate solution to the bigger problem of decarbonising Australia's grid. The country's six alumina refineries were 93% dependent on coal or gas power in 2021, according to the International Aluminium Institute. Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. The scale of converting the existing grid to renewable energy is daunting. Switching Rio's operations to wind or solar would mean building a renewable energy park 12 times larger than anything so far constructed in Australia, according to Stausholm. "So it's not something you just solve from one day to another," he told analysts. LONG-TERM THREAT Rio is pursuing multiple paths towards greener aluminium in its North American operations. It has partnered with Alcoa on producing aluminium using inert cathode technology, which will reduce Scope 1 emissions in the smelting process. Construction of the first commercial-scale prototype cells has begun at the company's Alma smelter in Canada with operations due to begin this year. Capacity at the low-carbon AP60 smelter, also in Quebec, will be expanded by 160,000 metric tons per year, with commissioning expected in 2026. Rio is investing heavily in recycled aluminium, which can be remelted using just 5% of the power needed to produce virgin metal. The company has just announced a joint venture with Giampaolo Group, one of North America's largest secondary aluminium operators, with the capacity to produce 900,000 metric tons a year of recycled metal. But its Australian operations are going to remain a significant brake on the company's journey towards a lower carbon future. Rio views the business as "critical" to its wider portfolio, according to Peter Cunningham, the company's chief financial officer. It is also critical to Australia, not just because of its size but because, as Stausholm pointed out, it is "a business that can underwrite a lot of renewable energy". "But if we can't get firm renewable energy at a competitive price, it's going to be impossible for us to manufacture and export aluminium out of Australia," he warned. Rio's predicament neatly encapsulates the power paradox facing aluminium producers everywhere. Going green needs green energy, and there's not enough of it around right now. The opinions expressed here are those of the author, a columnist for Reuters. (Editing by Jan Harvey) ((andy.home@thomsonreuters.com, 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. The two Pacific region refineries, Queensland Aluminium (QAL) and Yarwun, with combined alumina production last year of 6.4 million metric tons, are responsible for half of Rio's Scope 1 direct emissions in Australia. Together with the company's three power-hungry smelters, the Australian operations represent around half of the group's direct and Scope 2 emissions, which include the carbon footprint of energy used in the aluminium production process.

Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons. The two Pacific region refineries, Queensland Aluminium (QAL) and Yarwun, with combined alumina production last year of 6.4 million metric tons, are responsible for half of Rio's Scope 1 direct emissions in Australia.

Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons. Rio's Canadian smelter network draws power from Quebec's hydro-electric system, meaning its Atlantic operations generated 4.8 million metric tons of carbon equivalent last year, half the amount produced by its Pacific operations, according to Rio's 2022 sustainability report.

Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. But it is also down to the cost of decarbonising two of the company's biggest greenhouse gas emitters. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons.

444.0

2023-08-03 00:00:00 UTC

Alcoa (AA) Price Target Decreased by 14.12% to 39.86

AA

https://www.nasdaq.com/articles/alcoa-aa-price-target-decreased-by-14.12-to-39.86

The average one-year price target for Alcoa (NYSE:AA) has been revised to 39.86 / share. This is an decrease of 14.12% from the prior estimate of 46.42 dated July 5, 2023. The price target is an average of many targets provided by analysts. The latest targets range from a low of 25.25 to a high of 57.75 / share. The average price target represents an increase of 10.15% from the latest reported closing price of 36.19 / share. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 received the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $36.19 / share, the stock's dividend yield is 1.11%. Looking back five years and taking a sample every week, the average dividend yield has been 1.64%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.46 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. What is the Fund Sentiment? There are 1000 funds or institutions reporting positions in Alcoa. This is a decrease of 35 owner(s) or 3.38% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 0.72%. Total shares owned by institutions increased in the last three months by 0.57% to 171,387K shares. The put/call ratio of AA is 1.29, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm increased its portfolio allocation in AA by 54.56% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,536K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing an increase of 2.91%. The firm decreased its portfolio allocation in AA by 10.98% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,460K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,464K shares, representing a decrease of 0.08%. The firm decreased its portfolio allocation in AA by 10.49% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 4,558K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in AA by 8.01% over the last quarter. Franklin Resources holds 4,417K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 3,961K shares, representing an increase of 10.32%. The firm decreased its portfolio allocation in AA by 77.65% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: AMENDED AND RESTATED BYLAWS ALCOA CORPORATION Incorporated under the Laws of the State of Delaware Alcoa Corporation Reports Second Quarter 2023 Results Alcoa Corporation Reports First Quarter 2023 Results Alcoa Purchases Group Annuity Contracts for Certain Canadian Pension Plans Alcoa Announces Closure of Intalco Smelter and Prepares Site for Redevelopment This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The average one-year price target for Alcoa (NYSE:AA) has been revised to 39.86 / share. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 0.72%. The put/call ratio of AA is 1.29, indicating a bearish outlook.

The average one-year price target for Alcoa (NYSE:AA) has been revised to 39.86 / share. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 0.72%. The put/call ratio of AA is 1.29, indicating a bearish outlook.

The average one-year price target for Alcoa (NYSE:AA) has been revised to 39.86 / share. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 0.72%. The put/call ratio of AA is 1.29, indicating a bearish outlook.

The average one-year price target for Alcoa (NYSE:AA) has been revised to 39.86 / share. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 0.72%. The put/call ratio of AA is 1.29, indicating a bearish outlook.

445.0

2023-08-03 00:00:00 UTC

Ex-Dividend Reminder: National Instruments Corp., Kennametal and Alcoa Corporation

AA

https://www.nasdaq.com/articles/ex-dividend-reminder%3A-national-instruments-corp.-kennametal-and-alcoa-corporation

Looking at the universe of stocks we cover at Dividend Channel, on 8/7/23, National Instruments Corp. (Symbol: NATI), Kennametal Inc. (Symbol: KMT), and Alcoa Corporation (Symbol: AA) will all trade ex-dividend for their respective upcoming dividends. National Instruments Corp. will pay its quarterly dividend of $0.28 on 8/29/23, Kennametal Inc. will pay its quarterly dividend of $0.20 on 8/22/23, and Alcoa Corporation will pay its quarterly dividend of $0.10 on 8/24/23. As a percentage of NATI's recent stock price of $59.10, this dividend works out to approximately 0.47%, so look for shares of National Instruments Corp. to trade 0.47% lower — all else being equal — when NATI shares open for trading on 8/7/23. Similarly, investors should look for KMT to open 0.71% lower in price and for AA to open 0.29% lower, all else being equal. Below are dividend history charts for NATI, KMT, and AA, showing historical dividends prior to the most recent ones declared. National Instruments Corp. (Symbol: NATI): Kennametal Inc. (Symbol: KMT): Alcoa Corporation (Symbol: AA): In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.90% for National Instruments Corp., 2.86% for Kennametal Inc., and 1.18% for Alcoa Corporation. In Thursday trading, National Instruments Corp. shares are currently up about 0.1%, Kennametal Inc. shares are off about 2.7%, and Alcoa Corporation shares are up about 0.1% on the day. Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen » Also see: • MNLO Historical Stock Prices • HNGR Insider Buying • RDIB shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Looking at the universe of stocks we cover at Dividend Channel, on 8/7/23, National Instruments Corp. (Symbol: NATI), Kennametal Inc. (Symbol: KMT), and Alcoa Corporation (Symbol: AA) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for KMT to open 0.71% lower in price and for AA to open 0.29% lower, all else being equal. Below are dividend history charts for NATI, KMT, and AA, showing historical dividends prior to the most recent ones declared.

Looking at the universe of stocks we cover at Dividend Channel, on 8/7/23, National Instruments Corp. (Symbol: NATI), Kennametal Inc. (Symbol: KMT), and Alcoa Corporation (Symbol: AA) will all trade ex-dividend for their respective upcoming dividends. National Instruments Corp. (Symbol: NATI): Kennametal Inc. (Symbol: KMT): Alcoa Corporation (Symbol: AA): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for KMT to open 0.71% lower in price and for AA to open 0.29% lower, all else being equal.

Looking at the universe of stocks we cover at Dividend Channel, on 8/7/23, National Instruments Corp. (Symbol: NATI), Kennametal Inc. (Symbol: KMT), and Alcoa Corporation (Symbol: AA) will all trade ex-dividend for their respective upcoming dividends. National Instruments Corp. (Symbol: NATI): Kennametal Inc. (Symbol: KMT): Alcoa Corporation (Symbol: AA): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for KMT to open 0.71% lower in price and for AA to open 0.29% lower, all else being equal.

Looking at the universe of stocks we cover at Dividend Channel, on 8/7/23, National Instruments Corp. (Symbol: NATI), Kennametal Inc. (Symbol: KMT), and Alcoa Corporation (Symbol: AA) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for KMT to open 0.71% lower in price and for AA to open 0.29% lower, all else being equal. Below are dividend history charts for NATI, KMT, and AA, showing historical dividends prior to the most recent ones declared.

446.0

2023-08-03 00:00:00 UTC

Guru Fundamental Report for AA

AA

https://www.nasdaq.com/articles/guru-fundamental-report-for-aa-5

Below is Validea's guru fundamental report for ALCOA CORP (AA). Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. The rating using this strategy is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. PRICE/SALES RATIO: PASS TOTAL DEBT/EQUITY RATIO: PASS PRICE/RESEARCH RATIO: PASS PRICE/SALES RATIO: PASS LONG-TERM EPS GROWTH RATE: FAIL FREE CASH PER SHARE: PASS THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. Below is Validea's guru fundamental report for ALCOA CORP (AA). Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

Below is Validea's guru fundamental report for ALCOA CORP (AA). Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Below is Validea's guru fundamental report for ALCOA CORP (AA).

Below is Validea's guru fundamental report for ALCOA CORP (AA). Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

447.0

2023-08-03 00:00:00 UTC

COLUMN-Rio Tinto counts the cost of producing green aluminium: Andy Home

AA

https://www.nasdaq.com/articles/column-rio-tinto-counts-the-cost-of-producing-green-aluminium%3A-andy-home

By Andy Home LONDON, Aug 3 (Reuters) - Rio Tinto RIO.L is finding out just how hard it is to produce low-carbon aluminium. The company booked a $1.175 billion impairment charge against its two Australian alumina refineries in its second-quarter results. This is in part down to what Rio Tinto called "challenging market conditions" for alumina, which is refined from bauxite and then fed into a smelter for conversion into metal. But it is also down to the cost of decarbonising two of the company's biggest greenhouse gas emitters. The short-term cost comes in the form of Australia's new carbon tax on big industrial operators. The long-term problem is the dependence of both Rio's alumina refineries and aluminium smelters on a national power grid that is largely driven by coal and gas. Such is the aluminium paradox. A metal that is core to the green energy transition comes with a heavy carbon footprint, the sector accounting for around 2% of all man-made emissions every year. CARBON PROBLEMS Rio Tinto has conceded it is unlikely to meet its 15% target for reducing group emissions by 2025 without buying carbon credits, although it remains committed to its goal of cutting emissions in half by 2030. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons. Rio's Canadian smelter network draws power from Quebec's hydro-electric system, meaning its Atlantic operations generated 4.8 million metric tons of carbon equivalent last year, half the amount produced by its Pacific operations, according to Rio's 2022 sustainability report. The two Pacific region refineries, Queensland Aluminium (QAL) and Yarwun, with combined alumina production last year of 6.4 million metric tons, are responsible for half of Rio's Scope 1 direct emissions in Australia. Together with the company's three power-hungry smelters, the Australian operations represent around half of the group's direct and Scope 2 emissions, which include the carbon footprint of energy used in the aluminium production process. WRITE-DOWNS Rio's impairment charge, which comes in at $828 million after tax, comprises a complete write-down of the Yarwun refinery and a $227 million impairment of the QAL plant. The company is evaluating a major capital investment project at QAL aimed at boosting efficiency and cutting emissions. If the so-called "double digestion" project doesn't go ahead, the operation will also be fully written down, Rio said. The trigger for the write-down is the Australian government's revised Safeguard Mechanism, which came into force in July. It sets carbon caps on some of the country's biggest emitters, forcing them to pay for carbon offsets if they breach the upper threshold. That imposes extra costs on a business in which "we're actually not really making money", Rio Tinto CEO Jakob Stausholm told analysts on the company's quarterly results call. The baseline for calculating the carbon caps will decline by 4.9% each year until 2030, which the government hopes will allow companies time to decarbonise their operations. Rio has won some concessions from the government on the basis that its aluminium assets are a strategic part of the country's industrial profile, but its two refineries have still not escaped the negative financial impact. GRID-LOCK As well as looking at an upgrade at QAL, Rio has partnered with Japan's Sumitomo Corp on a project to use hydrogen rather than natural gas at Yarwun. The pilot plant will produce around 6,000 metric tons of alumina per year while cutting carbon dioxide emissions by about 3,000 metric tons per year. This, however, is experimental technology and doesn't provide an immediate solution to the bigger problem of decarbonising Australia's grid. The country's six alumina refineries were 93% dependent on coal or gas power in 2021, according to the International Aluminium Institute. Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. The scale of converting the existing grid to renewable energy is daunting. Switching Rio's operations to wind or solar would mean building a renewable energy park 12 times larger than anything so far constructed in Australia, according to Stausholm. "So it's not something you just solve from one day to another," he told analysts. LONG-TERM THREAT Rio is pursuing multiple paths towards greener aluminium in its North American operations. It has partnered with Alcoa on producing aluminium using inert cathode technology, which will reduce Scope 1 emissions in the smelting process. Construction of the first commercial-scale prototype cells has begun at the company's Alma smelter in Canada with operations due to begin this year. Capacity at the low-carbon AP60 smelter, also in Quebec, will be expanded by 160,000 metric tons per year, with commissioning expected in 2026. Rio is investing heavily in recycled aluminium, which can be remelted using just 5% of the power needed to produce virgin metal. The company has just announced a joint venture with Giampaolo Group, one of North America's largest secondary aluminium operators, with the capacity to produce 900,000 metric tons a year of recycled metal. But its Australian operations are going to remain a significant brake on the company's journey towards a lower carbon future. Rio views the business as "critical" to its wider portfolio, according to Peter Cunningham, the company's chief financial officer. It is also critical to Australia, not just because of its size but because, as Stausholm pointed out, it is "a business that can underwrite a lot of renewable energy". "But if we can't get firm renewable energy at a competitive price, it's going to be impossible for us to manufacture and export aluminium out of Australia," he warned. Rio's predicament neatly encapsulates the power paradox facing aluminium producers everywhere. Going green needs green energy, and there's not enough of it around right now. The opinions expressed here are those of the author, a columnist for Reuters. (Editing by Jan Harvey) ((andy.home@thomsonreuters.com, 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. The two Pacific region refineries, Queensland Aluminium (QAL) and Yarwun, with combined alumina production last year of 6.4 million metric tons, are responsible for half of Rio's Scope 1 direct emissions in Australia. Together with the company's three power-hungry smelters, the Australian operations represent around half of the group's direct and Scope 2 emissions, which include the carbon footprint of energy used in the aluminium production process.

Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons. The two Pacific region refineries, Queensland Aluminium (QAL) and Yarwun, with combined alumina production last year of 6.4 million metric tons, are responsible for half of Rio's Scope 1 direct emissions in Australia.

Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons. Rio's Canadian smelter network draws power from Quebec's hydro-electric system, meaning its Atlantic operations generated 4.8 million metric tons of carbon equivalent last year, half the amount produced by its Pacific operations, according to Rio's 2022 sustainability report.

Rio's three smelters and the Portland plant, majority owned by U.S. producer Alcoa AA.N, are equally tied to fossil fuel power. But it is also down to the cost of decarbonising two of the company's biggest greenhouse gas emitters. The company's biggest carbon headache is its aluminium business, which last year accounted for 21.1 million metric tons of carbon emissions out of a group total of 30.3 million metric tons.

448.0

2023-07-31 00:00:00 UTC

Noteworthy Monday Option Activity: MRVL, SQ, AA

AA

https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-mrvl-sq-aa

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Marvell Technology Inc (Symbol: MRVL), where a total of 54,307 contracts have traded so far, representing approximately 5.4 million underlying shares. That amounts to about 54.3% of MRVL's average daily trading volume over the past month of 10.0 million shares. Particularly high volume was seen for the $76 strike call option expiring August 18, 2023, with 24,174 contracts trading so far today, representing approximately 2.4 million underlying shares of MRVL. Below is a chart showing MRVL's trailing twelve month trading history, with the $76 strike highlighted in orange: Block Inc (Symbol: SQ) options are showing a volume of 45,981 contracts thus far today. That number of contracts represents approximately 4.6 million underlying shares, working out to a sizeable 54.1% of SQ's average daily trading volume over the past month, of 8.5 million shares. Particularly high volume was seen for the $90 strike call option expiring August 11, 2023, with 1,692 contracts trading so far today, representing approximately 169,200 underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $90 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 31,970 contracts, representing approximately 3.2 million underlying shares or approximately 53.8% of AA's average daily trading volume over the past month, of 5.9 million shares. Particularly high volume was seen for the $40 strike call option expiring September 15, 2023, with 7,185 contracts trading so far today, representing approximately 718,500 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for MRVL options, SQ options, or AA options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • MATX shares outstanding history • Funds Holding VCNX • RBA Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Particularly high volume was seen for the $40 strike call option expiring September 15, 2023, with 7,185 contracts trading so far today, representing approximately 718,500 underlying shares of AA. Below is a chart showing SQ's trailing twelve month trading history, with the $90 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 31,970 contracts, representing approximately 3.2 million underlying shares or approximately 53.8% of AA's average daily trading volume over the past month, of 5.9 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for MRVL options, SQ options, or AA options, visit StockOptionsChannel.com.

Below is a chart showing SQ's trailing twelve month trading history, with the $90 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 31,970 contracts, representing approximately 3.2 million underlying shares or approximately 53.8% of AA's average daily trading volume over the past month, of 5.9 million shares. Particularly high volume was seen for the $40 strike call option expiring September 15, 2023, with 7,185 contracts trading so far today, representing approximately 718,500 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for MRVL options, SQ options, or AA options, visit StockOptionsChannel.com.

Below is a chart showing SQ's trailing twelve month trading history, with the $90 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 31,970 contracts, representing approximately 3.2 million underlying shares or approximately 53.8% of AA's average daily trading volume over the past month, of 5.9 million shares. Particularly high volume was seen for the $40 strike call option expiring September 15, 2023, with 7,185 contracts trading so far today, representing approximately 718,500 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for MRVL options, SQ options, or AA options, visit StockOptionsChannel.com.

Below is a chart showing SQ's trailing twelve month trading history, with the $90 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 31,970 contracts, representing approximately 3.2 million underlying shares or approximately 53.8% of AA's average daily trading volume over the past month, of 5.9 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for MRVL options, SQ options, or AA options, visit StockOptionsChannel.com. Particularly high volume was seen for the $40 strike call option expiring September 15, 2023, with 7,185 contracts trading so far today, representing approximately 718,500 underlying shares of AA.

449.0

2023-07-26 00:00:00 UTC

Morgan Stanley Maintains Alcoa (AA) Underweight Recommendation

AA

https://www.nasdaq.com/articles/morgan-stanley-maintains-alcoa-aa-underweight-recommendation

Fintel reports that on July 25, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. Analyst Price Forecast Suggests 30.35% Upside As of July 6, 2023, the average one-year price target for Alcoa is 46.42. The forecasts range from a low of 33.33 to a high of $63.00. The average price target represents an increase of 30.35% from its latest reported closing price of 35.61. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 12.50%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 received the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $35.61 / share, the stock's dividend yield is 1.12%. Looking back five years and taking a sample every week, the average dividend yield has been 1.64%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.44 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.05. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 1009 funds or institutions reporting positions in Alcoa. This is a decrease of 35 owner(s) or 3.35% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.23%, an increase of 3.75%. Total shares owned by institutions decreased in the last three months by 0.34% to 170,062K shares. The put/call ratio of AA is 1.39, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm increased its portfolio allocation in AA by 54.56% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,536K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing an increase of 2.91%. The firm decreased its portfolio allocation in AA by 10.98% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,460K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,464K shares, representing a decrease of 0.08%. The firm decreased its portfolio allocation in AA by 10.49% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 4,558K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in AA by 8.01% over the last quarter. Franklin Resources holds 4,417K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 3,961K shares, representing an increase of 10.32%. The firm decreased its portfolio allocation in AA by 77.65% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: Alcoa Corporation Reports Second Quarter 2023 Results Alcoa Corporation Reports First Quarter 2023 Results Alcoa Purchases Group Annuity Contracts for Certain Canadian Pension Plans Alcoa Announces Closure of Intalco Smelter and Prepares Site for Redevelopment Amendment No. 1, dated as of January 8, 2023 to the Alcoa Corporation Amended and Restated Change in Control Severance Plan, dated July 30, 2019 (filed herewith)* This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on July 25, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, an increase of 3.75%.

Fintel reports that on July 25, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, an increase of 3.75%.

Fintel reports that on July 25, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, an increase of 3.75%.

Fintel reports that on July 25, 2023, Morgan Stanley maintained coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, an increase of 3.75%.

450.0

2023-07-25 00:00:00 UTC

Tuesday Sector Leaders: Computer Peripherals, Non-Precious Metals & Non-Metallic Mining Stocks

AA

https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-computer-peripherals-non-precious-metals-non-metallic-mining

In trading on Tuesday, computer peripherals shares were relative leaders, up on the day by about 3.6%. Leading the group were shares of Logitech International, up about 13.6% and shares of Xerox Holdings up about 8% on the day. Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 2.3% as a group, led by POSCO Holdings, trading higher by about 11% and Alcoa, trading up by about 5.8% on Tuesday. VIDEO: Tuesday Sector Leaders: Computer Peripherals, Non-Precious Metals & Non-Metallic Mining Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Tuesday, computer peripherals shares were relative leaders, up on the day by about 3.6%. Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 2.3% as a group, led by POSCO Holdings, trading higher by about 11% and Alcoa, trading up by about 5.8% on Tuesday. VIDEO: Tuesday Sector Leaders: Computer Peripherals, Non-Precious Metals & Non-Metallic Mining Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Tuesday, computer peripherals shares were relative leaders, up on the day by about 3.6%. Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 2.3% as a group, led by POSCO Holdings, trading higher by about 11% and Alcoa, trading up by about 5.8% on Tuesday. VIDEO: Tuesday Sector Leaders: Computer Peripherals, Non-Precious Metals & Non-Metallic Mining Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Tuesday, computer peripherals shares were relative leaders, up on the day by about 3.6%. Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 2.3% as a group, led by POSCO Holdings, trading higher by about 11% and Alcoa, trading up by about 5.8% on Tuesday. VIDEO: Tuesday Sector Leaders: Computer Peripherals, Non-Precious Metals & Non-Metallic Mining Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Tuesday, computer peripherals shares were relative leaders, up on the day by about 3.6%. Leading the group were shares of Logitech International, up about 13.6% and shares of Xerox Holdings up about 8% on the day. Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 2.3% as a group, led by POSCO Holdings, trading higher by about 11% and Alcoa, trading up by about 5.8% on Tuesday.

451.0

2023-07-22 00:00:00 UTC

B. Riley Securities Maintains Alcoa (AA) Neutral Recommendation

AA

https://www.nasdaq.com/articles/b.-riley-securities-maintains-alcoa-aa-neutral-recommendation-0

Fintel reports that on July 21, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. Analyst Price Forecast Suggests 39.06% Upside As of July 6, 2023, the average one-year price target for Alcoa is 46.42. The forecasts range from a low of 33.33 to a high of $63.00. The average price target represents an increase of 39.06% from its latest reported closing price of 33.38. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 12.50%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 received the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $33.38 / share, the stock's dividend yield is 1.20%. Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.38 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.05. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 1014 funds or institutions reporting positions in Alcoa. This is a decrease of 24 owner(s) or 2.31% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%. Total shares owned by institutions increased in the last three months by 15.19% to 196,000K shares. The put/call ratio of AA is 1.23, indicating a bearish outlook. What are Other Shareholders Doing? Bank Julius Baer & Co. Ltd, Zurich holds 26,013K shares representing 14.58% ownership of the company. In it's prior filing, the firm reported owning 26K shares, representing an increase of 99.90%. The firm decreased its portfolio allocation in AA by 26.01% over the last quarter. Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm increased its portfolio allocation in AA by 54.56% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,536K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing an increase of 2.91%. The firm decreased its portfolio allocation in AA by 10.98% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,460K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,464K shares, representing a decrease of 0.08%. The firm decreased its portfolio allocation in AA by 10.49% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 4,558K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in AA by 8.01% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: Alcoa Corporation Reports Second Quarter 2023 Results Alcoa Corporation Reports First Quarter 2023 Results Alcoa Purchases Group Annuity Contracts for Certain Canadian Pension Plans Alcoa Announces Closure of Intalco Smelter and Prepares Site for Redevelopment Amendment No. 1, dated as of January 8, 2023 to the Alcoa Corporation Amended and Restated Change in Control Severance Plan, dated July 30, 2019 (filed herewith)* This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on July 21, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%.

Fintel reports that on July 21, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%.

Fintel reports that on July 21, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%.

Fintel reports that on July 21, 2023, B. Riley Securities maintained coverage of Alcoa (NYSE:AA) with a Neutral recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%.

452.0

2023-07-22 00:00:00 UTC

Citigroup Maintains Alcoa (AA) Buy Recommendation

AA

https://www.nasdaq.com/articles/citigroup-maintains-alcoa-aa-buy-recommendation

Fintel reports that on July 21, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. Analyst Price Forecast Suggests 39.06% Upside As of July 6, 2023, the average one-year price target for Alcoa is 46.42. The forecasts range from a low of 33.33 to a high of $63.00. The average price target represents an increase of 39.06% from its latest reported closing price of 33.38. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 12.50%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 received the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $33.38 / share, the stock's dividend yield is 1.20%. Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.38 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.05. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 1014 funds or institutions reporting positions in Alcoa. This is a decrease of 24 owner(s) or 2.31% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%. Total shares owned by institutions increased in the last three months by 15.19% to 196,000K shares. The put/call ratio of AA is 1.23, indicating a bearish outlook. What are Other Shareholders Doing? Bank Julius Baer & Co. Ltd, Zurich holds 26,013K shares representing 14.58% ownership of the company. In it's prior filing, the firm reported owning 26K shares, representing an increase of 99.90%. The firm decreased its portfolio allocation in AA by 26.01% over the last quarter. Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm increased its portfolio allocation in AA by 54.56% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,536K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing an increase of 2.91%. The firm decreased its portfolio allocation in AA by 10.98% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,460K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,464K shares, representing a decrease of 0.08%. The firm decreased its portfolio allocation in AA by 10.49% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 4,558K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in AA by 8.01% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: Alcoa Corporation Reports Second Quarter 2023 Results Alcoa Corporation Reports First Quarter 2023 Results Alcoa Purchases Group Annuity Contracts for Certain Canadian Pension Plans Alcoa Announces Closure of Intalco Smelter and Prepares Site for Redevelopment Amendment No. 1, dated as of January 8, 2023 to the Alcoa Corporation Amended and Restated Change in Control Severance Plan, dated July 30, 2019 (filed herewith)* This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on July 21, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%.

Fintel reports that on July 21, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%.

Fintel reports that on July 21, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%.

Fintel reports that on July 21, 2023, Citigroup maintained coverage of Alcoa (NYSE:AA) with a Buy recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 15.40%.

453.0

2023-07-20 00:00:00 UTC

Credit Suisse Maintains Alcoa (AA) Outperform Recommendation

AA

https://www.nasdaq.com/articles/credit-suisse-maintains-alcoa-aa-outperform-recommendation

Fintel reports that on July 20, 2023, Credit Suisse maintained coverage of Alcoa (NYSE:AA) with a Outperform recommendation. Analyst Price Forecast Suggests 42.04% Upside As of July 6, 2023, the average one-year price target for Alcoa is 46.42. The forecasts range from a low of 33.33 to a high of $63.00. The average price target represents an increase of 42.04% from its latest reported closing price of 32.68. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 12.50%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 received the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $32.68 / share, the stock's dividend yield is 1.22%. Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.35 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 1012 funds or institutions reporting positions in Alcoa. This is a decrease of 28 owner(s) or 2.69% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%. Total shares owned by institutions decreased in the last three months by 0.03% to 170,090K shares. The put/call ratio of AA is 1.22, indicating a bearish outlook. What are Other Shareholders Doing? Bank Julius Baer & Co. Ltd, Zurich holds 26,013K shares representing 14.58% ownership of the company. In it's prior filing, the firm reported owning 26K shares, representing an increase of 99.90%. The firm decreased its portfolio allocation in AA by 26.01% over the last quarter. Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm increased its portfolio allocation in AA by 54.56% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,536K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing an increase of 2.91%. The firm decreased its portfolio allocation in AA by 10.98% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,460K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,464K shares, representing a decrease of 0.08%. The firm decreased its portfolio allocation in AA by 10.49% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 4,558K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in AA by 8.01% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: Alcoa Corporation Reports Second Quarter 2023 Results Alcoa Corporation Reports First Quarter 2023 Results Alcoa Purchases Group Annuity Contracts for Certain Canadian Pension Plans Alcoa Announces Closure of Intalco Smelter and Prepares Site for Redevelopment Amendment No. 1, dated as of January 8, 2023 to the Alcoa Corporation Amended and Restated Change in Control Severance Plan, dated July 30, 2019 (filed herewith)* This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on July 20, 2023, Credit Suisse maintained coverage of Alcoa (NYSE:AA) with a Outperform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%.

Fintel reports that on July 20, 2023, Credit Suisse maintained coverage of Alcoa (NYSE:AA) with a Outperform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%.

Fintel reports that on July 20, 2023, Credit Suisse maintained coverage of Alcoa (NYSE:AA) with a Outperform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%.

Fintel reports that on July 20, 2023, Credit Suisse maintained coverage of Alcoa (NYSE:AA) with a Outperform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%.

454.0

2023-07-20 00:00:00 UTC

BMO Capital Maintains Alcoa (AA) Market Perform Recommendation

AA

https://www.nasdaq.com/articles/bmo-capital-maintains-alcoa-aa-market-perform-recommendation-0

Fintel reports that on July 20, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. Analyst Price Forecast Suggests 42.04% Upside As of July 6, 2023, the average one-year price target for Alcoa is 46.42. The forecasts range from a low of 33.33 to a high of $63.00. The average price target represents an increase of 42.04% from its latest reported closing price of 32.68. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 12.50%. The projected annual non-GAAP EPS is 3.60. For more in-depth coverage of Alcoa, view the free, crowd-sourced company research report on Finpedia. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 received the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $32.68 / share, the stock's dividend yield is 1.22%. Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.35 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.06. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company's 3-Year dividend growth rate is -0.20%. What is the Fund Sentiment? There are 1012 funds or institutions reporting positions in Alcoa. This is a decrease of 28 owner(s) or 2.69% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%. Total shares owned by institutions decreased in the last three months by 0.03% to 170,090K shares. The put/call ratio of AA is 1.22, indicating a bearish outlook. What are Other Shareholders Doing? Bank Julius Baer & Co. Ltd, Zurich holds 26,013K shares representing 14.58% ownership of the company. In it's prior filing, the firm reported owning 26K shares, representing an increase of 99.90%. The firm decreased its portfolio allocation in AA by 26.01% over the last quarter. Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm increased its portfolio allocation in AA by 54.56% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,536K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing an increase of 2.91%. The firm decreased its portfolio allocation in AA by 10.98% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,460K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,464K shares, representing a decrease of 0.08%. The firm decreased its portfolio allocation in AA by 10.49% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 4,558K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in AA by 8.01% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: Alcoa Corporation Reports Second Quarter 2023 Results Alcoa Corporation Reports First Quarter 2023 Results Alcoa Purchases Group Annuity Contracts for Certain Canadian Pension Plans Alcoa Announces Closure of Intalco Smelter and Prepares Site for Redevelopment Amendment No. 1, dated as of January 8, 2023 to the Alcoa Corporation Amended and Restated Change in Control Severance Plan, dated July 30, 2019 (filed herewith)* This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on July 20, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%.

Fintel reports that on July 20, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%.

Fintel reports that on July 20, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%.

Fintel reports that on July 20, 2023, BMO Capital maintained coverage of Alcoa (NYSE:AA) with a Market Perform recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 16.05%.

455.0

2023-07-20 00:00:00 UTC

Noteworthy Thursday Option Activity: MAXN, AA, AYX

AA

https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-maxn-aa-ayx

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Maxeon Solar Technologies Ltd (Symbol: MAXN), where a total volume of 9,855 contracts has been traded thus far today, a contract volume which is representative of approximately 985,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 89.4% of MAXN's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $30 strike call option expiring August 18, 2023, with 7,288 contracts trading so far today, representing approximately 728,800 underlying shares of MAXN. Below is a chart showing MAXN's trailing twelve month trading history, with the $30 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 43,235 contracts, representing approximately 4.3 million underlying shares or approximately 83.9% of AA's average daily trading volume over the past month, of 5.2 million shares. Especially high volume was seen for the $35 strike call option expiring August 18, 2023, with 3,391 contracts trading so far today, representing approximately 339,100 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $35 strike highlighted in orange: And Alteryx Inc (Symbol: AYX) options are showing a volume of 10,306 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 77.2% of AYX's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $70 strike put option expiring August 18, 2023, with 2,240 contracts trading so far today, representing approximately 224,000 underlying shares of AYX. Below is a chart showing AYX's trailing twelve month trading history, with the $70 strike highlighted in orange: For the various different available expirations for MAXN options, AA options, or AYX options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • VNO Average Annual Return • CBPO Insider Buying • Institutional Holders of VRM The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Especially high volume was seen for the $35 strike call option expiring August 18, 2023, with 3,391 contracts trading so far today, representing approximately 339,100 underlying shares of AA. Below is a chart showing MAXN's trailing twelve month trading history, with the $30 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 43,235 contracts, representing approximately 4.3 million underlying shares or approximately 83.9% of AA's average daily trading volume over the past month, of 5.2 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $35 strike highlighted in orange: And Alteryx Inc (Symbol: AYX) options are showing a volume of 10,306 contracts thus far today.

Below is a chart showing MAXN's trailing twelve month trading history, with the $30 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 43,235 contracts, representing approximately 4.3 million underlying shares or approximately 83.9% of AA's average daily trading volume over the past month, of 5.2 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $35 strike highlighted in orange: And Alteryx Inc (Symbol: AYX) options are showing a volume of 10,306 contracts thus far today. Especially high volume was seen for the $35 strike call option expiring August 18, 2023, with 3,391 contracts trading so far today, representing approximately 339,100 underlying shares of AA.

Below is a chart showing MAXN's trailing twelve month trading history, with the $30 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 43,235 contracts, representing approximately 4.3 million underlying shares or approximately 83.9% of AA's average daily trading volume over the past month, of 5.2 million shares. Especially high volume was seen for the $35 strike call option expiring August 18, 2023, with 3,391 contracts trading so far today, representing approximately 339,100 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $35 strike highlighted in orange: And Alteryx Inc (Symbol: AYX) options are showing a volume of 10,306 contracts thus far today.

Below is a chart showing MAXN's trailing twelve month trading history, with the $30 strike highlighted in orange: Alcoa Corporation (Symbol: AA) saw options trading volume of 43,235 contracts, representing approximately 4.3 million underlying shares or approximately 83.9% of AA's average daily trading volume over the past month, of 5.2 million shares. Especially high volume was seen for the $35 strike call option expiring August 18, 2023, with 3,391 contracts trading so far today, representing approximately 339,100 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $35 strike highlighted in orange: And Alteryx Inc (Symbol: AYX) options are showing a volume of 10,306 contracts thus far today.

456.0

2023-07-19 00:00:00 UTC

Alcoa (AA) Reports Q2 Loss, Tops Revenue Estimates

AA

https://www.nasdaq.com/articles/alcoa-aa-reports-q2-loss-tops-revenue-estimates

Alcoa (AA) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $2.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 40.68%. A quarter ago, it was expected that this bauxite, alumina and aluminum products company would post a loss of $0.05 per share when it actually produced a loss of $0.23, delivering a surprise of -360%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Alcoa, which belongs to the Zacks Metal Products - Distribution industry, posted revenues of $2.68 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 2.16%. This compares to year-ago revenues of $3.64 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Alcoa shares have lost about 22.9% since the beginning of the year versus the S&P 500's gain of 18.6%. What's Next for Alcoa? While Alcoa has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Alcoa: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.16 on $2.63 billion in revenues for the coming quarter and -$0.38 on $10.64 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Metal Products - Distribution is currently in the top 50% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Reliance Steel (RS), another stock in the same industry, has yet to report results for the quarter ended June 2023. The results are expected to be released on July 27. This metals service-center company is expected to post quarterly earnings of $6.52 per share in its upcoming report, which represents a year-over-year change of -28.7%. The consensus EPS estimate for the quarter has been revised 6.1% higher over the last 30 days to the current level. Reliance Steel's revenues are expected to be $3.96 billion, down 15.4% from the year-ago quarter. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.” Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.59. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa (AA) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.59. Alcoa, which belongs to the Zacks Metal Products - Distribution industry, posted revenues of $2.68 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 2.16%.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa (AA) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.59. Alcoa, which belongs to the Zacks Metal Products - Distribution industry, posted revenues of $2.68 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 2.16%.

Alcoa (AA) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.59. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Reliance Steel & Aluminum Co. (RS) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa, which belongs to the Zacks Metal Products - Distribution industry, posted revenues of $2.68 billion for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 2.16%.

457.0

2023-07-19 00:00:00 UTC

Alcoa Corp. Q2 Earnings Summary

AA

https://www.nasdaq.com/articles/alcoa-corp.-q2-earnings-summary

(RTTNews) - Below are the earnings highlights for Alcoa Corp. (AA): Earnings: -$102 million in Q2 vs. $549 million in the same period last year. EPS: -$0.57 in Q2 vs. $2.95 in the same period last year. Excluding items, Alcoa Corp. reported adjusted earnings of -$62 million or -$0.35 per share for the period. Analysts projected -$0.52 per share Revenue: $2.68 billion in Q2 vs. $3.64 billion in the same period last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Below are the earnings highlights for Alcoa Corp. (AA): Earnings: -$102 million in Q2 vs. $549 million in the same period last year. Excluding items, Alcoa Corp. reported adjusted earnings of -$62 million or -$0.35 per share for the period. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Below are the earnings highlights for Alcoa Corp. (AA): Earnings: -$102 million in Q2 vs. $549 million in the same period last year. Excluding items, Alcoa Corp. reported adjusted earnings of -$62 million or -$0.35 per share for the period. Analysts projected -$0.52 per share Revenue: $2.68 billion in Q2 vs. $3.64 billion in the same period last year.

(RTTNews) - Below are the earnings highlights for Alcoa Corp. (AA): Earnings: -$102 million in Q2 vs. $549 million in the same period last year. Excluding items, Alcoa Corp. reported adjusted earnings of -$62 million or -$0.35 per share for the period. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Below are the earnings highlights for Alcoa Corp. (AA): Earnings: -$102 million in Q2 vs. $549 million in the same period last year. EPS: -$0.57 in Q2 vs. $2.95 in the same period last year. Excluding items, Alcoa Corp. reported adjusted earnings of -$62 million or -$0.35 per share for the period.

458.0

2023-07-19 00:00:00 UTC

Alcoa Q2 23 Earnings Conference Call At 5:00 PM ET

AA

https://www.nasdaq.com/articles/alcoa-q2-23-earnings-conference-call-at-5%3A00-pm-et

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on July 19, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 5022765. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 6008876. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on July 19, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 5022765. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 6008876.

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on July 19, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 5022765. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 6008876.

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on July 19, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 5022765. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) will host a conference call at 5:00 PM ET on July 19, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://investors.alcoa.com/events-and-presentations/events-calendar/default.aspx To listen to the call, dial +1 (877) 883-0383 (US) or +1 (412) 902-6506 (International), Conference ID: 5022765. For a replay call, dial +1 (877) 344-7529 (US) or +1 (412) 317-0088 (International), Access Code: 6008876.

459.0

2023-07-17 00:00:00 UTC

Analysts Anticipate XME To Hit $61

AA

https://www.nasdaq.com/articles/analysts-anticipate-xme-to-hit-%2461

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR S&P Metals & Mining ETF (Symbol: XME), we found that the implied analyst target price for the ETF based upon its underlying holdings is $60.85 per unit. With XME trading at a recent price near $51.56 per unit, that means that analysts see 18.01% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XME's underlying holdings with notable upside to their analyst target prices are Uranium Energy Corp (Symbol: UEC), Peabody Energy Corp (Symbol: BTU), and Alcoa Corporation (Symbol: AA). Although UEC has traded at a recent price of $3.12/share, the average analyst target is 117.15% higher at $6.78/share. Similarly, BTU has 39.02% upside from the recent share price of $20.86 if the average analyst target price of $29.00/share is reached, and analysts on average are expecting AA to reach a target price of $43.30/share, which is 25.43% above the recent price of $34.52. Below is a twelve month price history chart comparing the stock performance of UEC, BTU, and AA: Combined, UEC, BTU, and AA represent 10.00% of the SPDR S&P Metals & Mining ETF. Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET SPDR S&P Metals & Mining ETF XME $51.56 $60.85 18.01% Uranium Energy Corp UEC $3.12 $6.78 117.15% Peabody Energy Corp BTU $20.86 $29.00 39.02% Alcoa Corporation AA $34.52 $43.30 25.43% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: • BHP Price Target • ODFL Next Dividend Date • MDRX Historical Stock Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SPDR S&P Metals & Mining ETF XME $51.56 $60.85 18.01% Uranium Energy Corp UEC $3.12 $6.78 117.15% Peabody Energy Corp BTU $20.86 $29.00 39.02% Alcoa Corporation AA $34.52 $43.30 25.43% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XME's underlying holdings with notable upside to their analyst target prices are Uranium Energy Corp (Symbol: UEC), Peabody Energy Corp (Symbol: BTU), and Alcoa Corporation (Symbol: AA). Similarly, BTU has 39.02% upside from the recent share price of $20.86 if the average analyst target price of $29.00/share is reached, and analysts on average are expecting AA to reach a target price of $43.30/share, which is 25.43% above the recent price of $34.52.

Three of XME's underlying holdings with notable upside to their analyst target prices are Uranium Energy Corp (Symbol: UEC), Peabody Energy Corp (Symbol: BTU), and Alcoa Corporation (Symbol: AA). Similarly, BTU has 39.02% upside from the recent share price of $20.86 if the average analyst target price of $29.00/share is reached, and analysts on average are expecting AA to reach a target price of $43.30/share, which is 25.43% above the recent price of $34.52. SPDR S&P Metals & Mining ETF XME $51.56 $60.85 18.01% Uranium Energy Corp UEC $3.12 $6.78 117.15% Peabody Energy Corp BTU $20.86 $29.00 39.02% Alcoa Corporation AA $34.52 $43.30 25.43% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?

Similarly, BTU has 39.02% upside from the recent share price of $20.86 if the average analyst target price of $29.00/share is reached, and analysts on average are expecting AA to reach a target price of $43.30/share, which is 25.43% above the recent price of $34.52. Three of XME's underlying holdings with notable upside to their analyst target prices are Uranium Energy Corp (Symbol: UEC), Peabody Energy Corp (Symbol: BTU), and Alcoa Corporation (Symbol: AA). Below is a twelve month price history chart comparing the stock performance of UEC, BTU, and AA: Combined, UEC, BTU, and AA represent 10.00% of the SPDR S&P Metals & Mining ETF.

Three of XME's underlying holdings with notable upside to their analyst target prices are Uranium Energy Corp (Symbol: UEC), Peabody Energy Corp (Symbol: BTU), and Alcoa Corporation (Symbol: AA). Similarly, BTU has 39.02% upside from the recent share price of $20.86 if the average analyst target price of $29.00/share is reached, and analysts on average are expecting AA to reach a target price of $43.30/share, which is 25.43% above the recent price of $34.52. Below is a twelve month price history chart comparing the stock performance of UEC, BTU, and AA: Combined, UEC, BTU, and AA represent 10.00% of the SPDR S&P Metals & Mining ETF.

460.0

2023-07-14 00:00:00 UTC

Stocks Post Moderate Gains on Positive Q2 Bank Earnings

AA

https://www.nasdaq.com/articles/stocks-post-moderate-gains-on-positive-q2-bank-earnings

What you need to know… The S&P 500 Index ($SPX) (SPY) today is up +0.34%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.45%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.91%. Stocks today extended this week’s rally, with the S&P 500 at a 15-month high, the Dow Jones Industrials at a 7-month high, and the Nasdaq 100 at a 1-1/2 year high. Stocks are moving higher as Q2 corporate earnings results begin to roll in. Strength in bank earnings is supporting the overall market as JPMorgan Chase, Wells Fargo, and Citigroup reported better-than-expected Q2 earnings. Stock indexes jumped to their highs after the University of Michigan U.S. July consumer sentiment index rose more than expected to a 1-3/4 year high. On the negative side was a hawkish comment Thursday night from Fed Governor Waller, who said he sees two more +25 bp rate hikes this year. Also, an increase in inflation expectations pushed bond yields higher and is negative for stocks after the University of Michigan U.S. July inflation expectations indicator unexpectedly rose. Late Thursday, Fed Governor Waller said, "I see two more 25 bp interest rate hikes in the target range over the four remaining FOMC meetings this year as necessary to keep inflation moving toward our target." The University of Michigan’s U.S. July consumer sentiment index rose +8.2 to a 1-3/4 year high of 72.6, stronger than expectations of 65.5. The University of Michigan U.S. July 1-year inflation expectations indicator unexpectedly rose to 3.4% from 3.3% in June, worse than expectations of a decline to 3.1%. Also, the 5-10 year inflation expectations rose to 3.1%, above expectations of no change at 3.0%. Positive inflation news is bullish for stocks after the U.S. Jun import price index ex-petroleum fell -0.3% m/m, a slightly larger decline than expectations of -0.2% m/m. The markets are discounting the odds at 92% for a +25 bp rate hike at the next FOMC meeting on July 25-26. The markets are anticipating a peak funds rate of 5.42% by November, which is +34 bp higher than the current effective federal funds rate of 5.08%. Global bond yields are mixed. The 10-year T-note yield is up +1.4 bp at 3.777%. The 10-year German bund yield is up +1.4 bp at 2.499%. The 10-year UK Gilt yield fell to a 1-1/2 week low of 4.371% and is down -1.5 bp at 4.407%. Overseas stock markets are mixed. The Euro Stoxx 50 is up +0.33%. China’s Shanghai Composite Index today closed up +0.04%. Japan’s Nikkei Stock Index today closed down -0.09%. Today’s stock movers… Healthcare stocks are rallying today after bellwether UnitedHealth Group reported Q2 revenue of $92.90 billion, above the consensus of $90.93 billion. As a result, UnitedHealth Group (UNH) is up more than +7% to lead gainers in the in the S&P 500 and Dow Jones Industrials. Also, Elevance Health (ELV) is up more than +5%. In addition, Centene (CNC), Molina Healthcare (MOH), Humana (HUM), and Cigna Group (CI) are up more than +3%. Nvidia (NVDA) is up more than +3% at a record high on speculation the AI craze will boost demand for its chips that are used in AI applications. JPMorgan Chase (JPM) is up more than +1% after reporting Q2 adjusted revenue of $42.40 billion, well above the consensus of $39.34 billion, and raised its full-year net interest income excluding CIB markets estimate to $87 billion from a prior estimate of $84 billion. Wells Fargo (WFC) is up more than +2% after reporting Q2 net interest income of $13.16 billion, better than the consensus of $12.89 billion, and raised its 2023 net interest income estimate to up +14% from a previous estimate of +10%. Microsoft (MSFT) is up more than +1% after UBS upgraded the stock to buy from neutral, saying cloud infrastructure spending is starting to stabilize after significant deceleration over the past year. Las Vegas Sands (LVS) is up more than +1% after Morgan Stanley designated the stock as a Top Pick in their gaming coverage. State Street (STT) is down more than -8% to lead losers in the S&P 500 after reporting Q2 revenue of $3.11 billion, weaker than the consensus of $3.13 billion. Moderna (MRNA) is down more than -4% to lead losers in the Nasdaq 100 after HSBC initiated coverage of the stock with a recommendation of reduce and a price target of $97. Corning (GLW) is down more than -6% after UBS downgraded the stock to neutral from buy. AT&T (T) is down more than -4% after JPMorgan Chase downgraded the stock to neutral from overweight. Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. BlackRock (BLK) is down more than -1% after reporting Q2 net inflows of $80.16 billion, below the consensus of $86.85 billion. Across the markets… September 10-year T-notes (ZNU23) today are down -8 ticks, and the 10-year T-note yield is up +1.4 bp at 3.777%. Sep T-notes today are under pressure from hawkish comments Thursday evening from Fed Governor Waller, who said he sees two more 25 bp rate hikes this year. T-note losses accelerated after the University of Michigan U.S. July consumer sentiment index rose to a 1-3/4 year high, and the University of Michigan U.S. July inflation expectations indicator unexpectedly rose. The dollar index (DXY00) today recovered from a 15-month low and is up by +0.21%. Hawkish comments from Fed Governor Waller Thursday night pushed bond yields higher and sparked short covering in the dollar. Gains in the dollar accelerated after the University of Michigan’s U.S. July consumer sentiment index rose more than expected to a 1-3/4 year high. EUR/USD (^EURUSD) today fell back from a 16-1/2 month high and is down by -0.02%. The euro gave up overnight gains and is slightly lower as a recovery in the dollar sparked long liquidation in the euro. Also, EUR/USD was under pressure after the German Jun wholesale price index fell by the most in 3 years, which is dovish for ECB policy. The German Jun wholesale price index fell -2.9% y/y, the largest decline in 3 years. USD/JPY (^USDJPY) is up +0.67%. The yen today retreated from a 1-3/4 month high against the dollar as T-note yields rose. Also, signs of economic weakness in Japan weighed on the yen after Japan May industrial production was revised lower. The yen initially rallied to a 1-3/4 month high in overnight trade on strength in Japanese government bond yields after the 10-year JGB bond yield climbed to a 2-1/2 month high of 0.485%. Japan May industrial production was revised lower to -2.2% m/m from the initially reported -1.6% m/m, the largest decline in 4 months. August gold (GCQ3) today is down -8.5 (-0.43%), and Sep silver (SIU23) is up +0.036 (+0.14%). Precious metals prices this morning are mixed, with silver climbing to a 5-week high. A recovery in the dollar index today from a 15-month low is undercutting metals prices. Also, higher T-note yields are bearish for metals after Fed Governor Waller said he sees two more 25 bp rate hikes this year. In addition, the ongoing fund liquidation of gold is weighing on prices as holdings in gold ETFs fell to a 4-month low on Thursday. Precious metals have support from increased demand as an inflation hedge after the University of Michigan U.S. July inflation expectations indicator unexpectedly increased. More Stock Market News from Barchart Fiverr’s (FVRR) Success May Come Down to a Dirty Little Secret Intel vs. Micron Technology: Which Chip Stock is the Better Buy? Markets Today: Stocks Push Higher as Positive Q2 Bank Earnings Roll In Earnings Season: The Thrill of Victory, the Agony of Defeat! On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. Positive inflation news is bullish for stocks after the U.S. Jun import price index ex-petroleum fell -0.3% m/m, a slightly larger decline than expectations of -0.2% m/m. Microsoft (MSFT) is up more than +1% after UBS upgraded the stock to buy from neutral, saying cloud infrastructure spending is starting to stabilize after significant deceleration over the past year.

Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. Also, an increase in inflation expectations pushed bond yields higher and is negative for stocks after the University of Michigan U.S. July inflation expectations indicator unexpectedly rose. T-note losses accelerated after the University of Michigan U.S. July consumer sentiment index rose to a 1-3/4 year high, and the University of Michigan U.S. July inflation expectations indicator unexpectedly rose.

Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. Stock indexes jumped to their highs after the University of Michigan U.S. July consumer sentiment index rose more than expected to a 1-3/4 year high. Today’s stock movers… Healthcare stocks are rallying today after bellwether UnitedHealth Group reported Q2 revenue of $92.90 billion, above the consensus of $90.93 billion.

Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. Stock indexes jumped to their highs after the University of Michigan U.S. July consumer sentiment index rose more than expected to a 1-3/4 year high. Today’s stock movers… Healthcare stocks are rallying today after bellwether UnitedHealth Group reported Q2 revenue of $92.90 billion, above the consensus of $90.93 billion.

461.0

2023-07-14 00:00:00 UTC

Stocks Mixed After Positive Q2 Bank Earnings

AA

https://www.nasdaq.com/articles/stocks-mixed-after-positive-q2-bank-earnings

What you need to know… The S&P 500 Index ($SPX) (SPY) today is down -0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.11%. Stocks today are mixed this afternoon. Earlier this morning the S&P 500 at a 15-month high, the Dow Jones Industrials at a 7-month high, and the Nasdaq 100 at a 1-1/2 year high. Earnings season is upon us. This morning JPMorgan Chase, Wells Fargo, and Citigroup reported better-than-expected Q2 earnings. On the negative side was a hawkish comment Thursday night from Fed Governor Waller, who said he sees two more +25 bp rate hikes this year. Also, an increase in inflation expectations pushed bond yields higher and is negative for stocks after the University of Michigan U.S. July inflation expectations indicator unexpectedly rose. Late Thursday, Fed Governor Waller said, "I see two more 25 bp interest rate hikes in the target range over the four remaining FOMC meetings this year as necessary to keep inflation moving toward our target." The University of Michigan’s U.S. July consumer sentiment index rose +8.2 to a 1-3/4 year high of 72.6, stronger than expectations of 65.5. The University of Michigan U.S. July 1-year inflation expectations indicator unexpectedly rose to 3.4% from 3.3% in June, worse than expectations of a decline to 3.1%. Also, the 5-10 year inflation expectations rose to 3.1%, above expectations of no change at 3.0%. Positive inflation news is bullish for stocks after the U.S. Jun import price index ex-petroleum fell -0.3% m/m, a slightly larger decline than expectations of -0.2% m/m. The markets are discounting the odds at 92% for a +25 bp rate hike at the next FOMC meeting on July 25-26. The markets are anticipating a peak funds rate of 5.42% by November, which is +34 bp higher than the current effective federal funds rate of 5.08%. Global bond yields are mixed. The 10-year T-note yield is up +1.4 bp at 3.777%. The 10-year German bund yield is up +1.4 bp at 2.499%. The 10-year UK Gilt yield fell to a 1-1/2 week low of 4.371% and is down -1.5 bp at 4.407%. Overseas stock markets are mixed. The Euro Stoxx 50 is up +0.33%. China’s Shanghai Composite Index today closed up +0.04%. Japan’s Nikkei Stock Index today closed down -0.09%. Today’s stock movers… Healthcare stocks are rallying today after bellwether UnitedHealth Group reported Q2 revenue of $92.90 billion, above the consensus of $90.93 billion. As a result, UnitedHealth Group (UNH) is up more than +7% to lead gainers in the in the S&P 500 and Dow Jones Industrials. Also, Elevance Health (ELV) is up more than +5%. In addition, Centene (CNC), Molina Healthcare (MOH), Humana (HUM), and Cigna Group (CI) are up more than +3%. Nvidia (NVDA) is up more than +3% at a record high on speculation the AI craze will boost demand for its chips that are used in AI applications. JPMorgan Chase (JPM) is up more than +1% after reporting Q2 adjusted revenue of $42.40 billion, well above the consensus of $39.34 billion, and raised its full-year net interest income excluding CIB markets estimate to $87 billion from a prior estimate of $84 billion. Wells Fargo (WFC) is up more than +2% after reporting Q2 net interest income of $13.16 billion, better than the consensus of $12.89 billion, and raised its 2023 net interest income estimate to up +14% from a previous estimate of +10%. Microsoft (MSFT) is up more than +1% after UBS upgraded the stock to buy from neutral, saying cloud infrastructure spending is starting to stabilize after significant deceleration over the past year. Las Vegas Sands (LVS) is up more than +1% after Morgan Stanley designated the stock as a Top Pick in their gaming coverage. State Street (STT) is down more than -8% to lead losers in the S&P 500 after reporting Q2 revenue of $3.11 billion, weaker than the consensus of $3.13 billion. Moderna (MRNA) is down more than -4% to lead losers in the Nasdaq 100 after HSBC initiated coverage of the stock with a recommendation of reduce and a price target of $97. Corning (GLW) is down more than -6% after UBS downgraded the stock to neutral from buy. AT&T (T) is down more than -4% after JPMorgan Chase downgraded the stock to neutral from overweight. Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. BlackRock (BLK) is down more than -1% after reporting Q2 net inflows of $80.16 billion, below the consensus of $86.85 billion. Across the markets… September 10-year T-notes (ZNU23) today are down -8 ticks, and the 10-year T-note yield is up +1.4 bp at 3.777%. Sep T-notes today are under pressure from hawkish comments Thursday evening from Fed Governor Waller, who said he sees two more 25 bp rate hikes this year. T-note losses accelerated after the University of Michigan U.S. July consumer sentiment index rose to a 1-3/4 year high, and the University of Michigan U.S. July inflation expectations indicator unexpectedly rose. The dollar index (DXY00) today recovered from a 15-month low and is up by +0.21%. Hawkish comments from Fed Governor Waller Thursday night pushed bond yields higher and sparked short covering in the dollar. Gains in the dollar accelerated after the University of Michigan’s U.S. July consumer sentiment index rose more than expected to a 1-3/4 year high. EUR/USD (^EURUSD) today fell back from a 16-1/2 month high and is down by -0.02%. The euro gave up overnight gains and is slightly lower as a recovery in the dollar sparked long liquidation in the euro. Also, EUR/USD was under pressure after the German Jun wholesale price index fell by the most in 3 years, which is dovish for ECB policy. The German Jun wholesale price index fell -2.9% y/y, the largest decline in 3 years. USD/JPY (^USDJPY) is up +0.67%. The yen today retreated from a 1-3/4 month high against the dollar as T-note yields rose. Also, signs of economic weakness in Japan weighed on the yen after Japan May industrial production was revised lower. The yen initially rallied to a 1-3/4 month high in overnight trade on strength in Japanese government bond yields after the 10-year JGB bond yield climbed to a 2-1/2 month high of 0.485%. Japan May industrial production was revised lower to -2.2% m/m from the initially reported -1.6% m/m, the largest decline in 4 months. August gold (GCQ3) today is down -8.5 (-0.43%), and Sep silver (SIU23) is up +0.036 (+0.14%). Precious metals prices this morning are mixed, with silver climbing to a 5-week high. A recovery in the dollar index today from a 15-month low is undercutting metals prices. Also, higher T-note yields are bearish for metals after Fed Governor Waller said he sees two more 25 bp rate hikes this year. In addition, the ongoing fund liquidation of gold is weighing on prices as holdings in gold ETFs fell to a 4-month low on Thursday. Precious metals have support from increased demand as an inflation hedge after the University of Michigan U.S. July inflation expectations indicator unexpectedly increased. More Stock Market News from Barchart Fiverr’s (FVRR) Success May Come Down to a Dirty Little SecretIntel vs. Micron Technology: Which Chip Stock is the Better Buy?Markets Today: Stocks Push Higher as Positive Q2 Bank Earnings Roll InEarnings Season: The Thrill of Victory, the Agony of Defeat! On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. Positive inflation news is bullish for stocks after the U.S. Jun import price index ex-petroleum fell -0.3% m/m, a slightly larger decline than expectations of -0.2% m/m. Microsoft (MSFT) is up more than +1% after UBS upgraded the stock to buy from neutral, saying cloud infrastructure spending is starting to stabilize after significant deceleration over the past year.

Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. Also, an increase in inflation expectations pushed bond yields higher and is negative for stocks after the University of Michigan U.S. July inflation expectations indicator unexpectedly rose. T-note losses accelerated after the University of Michigan U.S. July consumer sentiment index rose to a 1-3/4 year high, and the University of Michigan U.S. July inflation expectations indicator unexpectedly rose.

Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. Today’s stock movers… Healthcare stocks are rallying today after bellwether UnitedHealth Group reported Q2 revenue of $92.90 billion, above the consensus of $90.93 billion. T-note losses accelerated after the University of Michigan U.S. July consumer sentiment index rose to a 1-3/4 year high, and the University of Michigan U.S. July inflation expectations indicator unexpectedly rose.

Alcoa (AA) is down more than -5% after JPMorgan Chase downgraded the stock to neutral from overweight. Today’s stock movers… Healthcare stocks are rallying today after bellwether UnitedHealth Group reported Q2 revenue of $92.90 billion, above the consensus of $90.93 billion. The yen today retreated from a 1-3/4 month high against the dollar as T-note yields rose.

462.0

2023-07-14 00:00:00 UTC

Markets Today: Stocks Push Higher as Positive Q2 Bank Earnings Roll In

AA

https://www.nasdaq.com/articles/markets-today%3A-stocks-push-higher-as-positive-q2-bank-earnings-roll-in

Morning Markets September E-Mini S&P 500 futures (ESU23) this morning are up +0.17% at a 15-month high, and Sep Nasdaq 100 E-Mini futures (NQU23) are up +0.06%. U.S. stock index futures this morning are moving higher as Q2 corporate earnings results begin to roll in. Strength in bank earnings is supporting the overall market as JPMorgan Chase, Wells Fargo, and Citigroup are moving higher in pre-market trading on better-than-expected Q2 earnings. However, gains are muted as bond yields move higher on hawkish comments late Thursday from Fed Governor Waller, who said he sees two more +25 bp rate hikes this year. Late Thursday, Fed Governor Waller said, "I see two more 25 bp interest rate hikes in the target range over the four remaining FOMC meetings this year as necessary to keep inflation moving toward our target." Positive inflation news is also bullish for stocks after the U.S. Jun import price index ex-petroleum fell -0.3% m/m, a slightly larger decline than expectations of -0.2% m/m. While this week’s better-than-expected inflation and price reports are unlikely to dissuade the Fed from raising interest rates by 25 bp later this month, it increases the chances that this month’s rate hike could be the last rate hike in this cycle. The markets are discounting the odds at 91% for a +25 bp rate hike at the next FOMC meeting on July 25-26. The markets are anticipating a peak funds rate of 5.42% by November, which is +34 bp higher than the current effective federal funds rate of 5.08%. Global bond yields are mixed. The 10-year T-note yield is up +1.6 bp at 3.779%. The 10-year German bund yield is up +0.2 bp at 2.487%. The 10-year UK Gilt yield fell to a 1-1/2 week low of 4.371% and is down -2.7 bp at 4.394%. Overseas stock markets are mixed. The Euro Stoxx 50 is up +0.36%. China’s Shanghai Composite Index today closed up +0.04%. Japan’s Nikkei Stock Index today closed down -0.09%. The Euro Stoxx 50 today is moderately higher. European stocks have support today from favorable inflation news after the German Jun wholesale price index posted its largest decline in 3 years. However, stock gains were limited by weakness in telecom companies, as Nokia Oyj and Ericsson AB both fell more than -8% after issuing disappointing guidance because of weaker demand. Also, retailer stocks were weaker after Burberry Group Plc reported Q1 retail comparable sales rose +18%, slightly below expectations of +18.3%, as Q1 China comparable store sales rose less than expected. The German Jun wholesale price index fell -2.9% y/y, the largest decline in 3 years. China’s Shanghai Composite today climbed to a 3-1/2 week high and closed slightly higher. Strength in Chinese stocks related to artificial intelligence led the overall market higher after the government loosened some of the regulations it proposed for ChatGPT-style services, signaling the need for companies to compete for global leadership in artificial intelligence. The new 24 guidelines will be overseen by seven state agencies led by the Cyberspace Administration of China. Stocks also found support after China’s central bank signaled more policy support for the economy. Top officials of the People's Bank of China (PBOC) said they have enough room to ease monetary policy if needed. PBOC Deputy Governor Liu Guoqiang said, "We still have ample policy room to deal with unexpected challenges and changes." Also, Zou Lan, head of the monetary policy department, said the PBOC will take policy steps on "the needs of the economy and the price situation." Japan’s Nikkei Stock Index today fell back from a 1-week high and closed slightly lower. Stocks came under pressure from economic concerns after Japan's May industrial production was revised lower. Also, strength in the yen weighed on exporter stocks after the yen rallied to a 1-3/4 month high against the dollar. Speculation that the BOJ may signal a policy change or tweak its yield curve control framework at its July 27-28 meeting has pushed government bond yields higher and boosted the yen. The 10-year JGB bond yield climbed to a 2-1/2 month high today at 0.485%. The Nikkei Stock Index today initially moved higher on strength in Japanese chip equipment and material suppliers after Nvidia rallied to a new record high Thursday on optimism about AI-related growth. Japan's May industrial production was revised lower to -2.2% m/m from the initially reported -1.6% m/m, the largest decline in 4 months. Pre-Market U.S. Stock Movers JPMorgan Chase (JPM) climbed more than +2% in pre-market trading after reporting Q2 adjusted revenue of $42.40 billion, well above the consensus of $39.34 billion, and raised its full-year net interest income excluding CIB markets estimate to $87 billion from a prior estimate of $84 billion. Wells Fargo (WFC) jumped more than +4% in pre-market trading after reporting Q2 net interest income of $13.16 billion, better than the consensus of $12.89 billion, and raised its 2023 net interest income estimate to up +14% from a previous estimate of +10%. UnitedHealth Group (UNH) rose more than +3% in pre-market trading after reporting Q2 revenue of $92.90 billion, above the consensus of $90.93 billion. Microsoft (MSFT) gained nearly +2% in pre-market trading after UBS upgraded the stock to buy from neutral, saying cloud infrastructure spending is starting to stabilize after significant deceleration over the past year. Las Vegas Sands (LVS) rose more than +1% in pre-market trading after Morgan Stanley designated the stock as a Top Pick in their gaming coverage. Citigroup (C) rose more than +1% in pre-market trading after reporting Q2 FICC sales and trading revenue of $4.45 billion, better than the consensus of $3.51 billion. Hologic (HOLX) climbed more than +2% in pre-market trading after Needham upgraded the stock to buy from hold with a price target of $95. State Street (STT) dropped more than -2% in pre-market trading after reporting Q2 revenue of $3.11 billion, weaker than the consensus of $3.13 billion. BlackRock (BLK) fell more than -1% in pre-market trading after reporting Q2 net inflows of $80.16 billion, below the consensus of $86.85 billion. AT&T (T) slipped more than -2% in pre-market trading after JPMorgan Chase downgraded the stock to neutral from overweight. Corning (GLW) dropped more than -2% in pre-market trading after UBS downgraded the stock to neutral from buy. Alcoa (AA) fell more than -2% in pre-market trading after JPMorgan Chase downgraded the stock to neutral from overweight. Today’s U.S. Earnings Reports (7/14/2023) BlackRock Inc (BLK), Citigroup Inc (C), JPMorgan Chase & Co (JPM), State Street Corp (STT), UnitedHealth Group Inc (UNH), Wells Fargo & Co (WFC). More Stock Market News from Barchart Earnings Season: The Thrill of Victory, the Agony of Defeat! Stock Index Futures Mixed as Investors Cautiously Await U.S. Big Bank Earnings Stocks Finish Higher as Easing Price Pressures Curb Interest Rate Concerns Can American Airlines Stock Continue to Soar in the Second Half of 2023? On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) fell more than -2% in pre-market trading after JPMorgan Chase downgraded the stock to neutral from overweight. The Nikkei Stock Index today initially moved higher on strength in Japanese chip equipment and material suppliers after Nvidia rallied to a new record high Thursday on optimism about AI-related growth. Microsoft (MSFT) gained nearly +2% in pre-market trading after UBS upgraded the stock to buy from neutral, saying cloud infrastructure spending is starting to stabilize after significant deceleration over the past year.

Alcoa (AA) fell more than -2% in pre-market trading after JPMorgan Chase downgraded the stock to neutral from overweight. Strength in bank earnings is supporting the overall market as JPMorgan Chase, Wells Fargo, and Citigroup are moving higher in pre-market trading on better-than-expected Q2 earnings. Pre-Market U.S. Stock Movers JPMorgan Chase (JPM) climbed more than +2% in pre-market trading after reporting Q2 adjusted revenue of $42.40 billion, well above the consensus of $39.34 billion, and raised its full-year net interest income excluding CIB markets estimate to $87 billion from a prior estimate of $84 billion.

Alcoa (AA) fell more than -2% in pre-market trading after JPMorgan Chase downgraded the stock to neutral from overweight. While this week’s better-than-expected inflation and price reports are unlikely to dissuade the Fed from raising interest rates by 25 bp later this month, it increases the chances that this month’s rate hike could be the last rate hike in this cycle. Pre-Market U.S. Stock Movers JPMorgan Chase (JPM) climbed more than +2% in pre-market trading after reporting Q2 adjusted revenue of $42.40 billion, well above the consensus of $39.34 billion, and raised its full-year net interest income excluding CIB markets estimate to $87 billion from a prior estimate of $84 billion.

Alcoa (AA) fell more than -2% in pre-market trading after JPMorgan Chase downgraded the stock to neutral from overweight. Strength in bank earnings is supporting the overall market as JPMorgan Chase, Wells Fargo, and Citigroup are moving higher in pre-market trading on better-than-expected Q2 earnings. Global bond yields are mixed.

463.0

2023-07-14 00:00:00 UTC

1 Dividend Stock Down 64% You'll Regret Not Buying on the Dip

AA

https://www.nasdaq.com/articles/1-dividend-stock-down-64-youll-regret-not-buying-on-the-dip

Fool.com contributor Parkev Tatevosian highlights one dividend stock that could make an excellent addition to long-term investors' portfolios. *Stock prices used were the afternoon prices of July 11, 2023. The video was published on July 13, 2023. 10 stocks we like better than Alcoa When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Alcoa wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of July 10, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fool.com contributor Parkev Tatevosian highlights one dividend stock that could make an excellent addition to long-term investors' portfolios. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. If you choose to subscribe through his link, he will earn some extra money that supports his channel.

*Stock prices used were the afternoon prices of July 11, 2023. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of July 10, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned.

10 stocks we like better than Alcoa When our analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of July 10, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

* They just revealed what they believe are the ten best stocks for investors to buy right now... and Alcoa wasn't one of them! See the 10 stocks *Stock Advisor returns as of July 10, 2023 Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

464.0

2023-07-13 00:00:00 UTC

September 1st Options Now Available For Alcoa (AA)

AA

https://www.nasdaq.com/articles/september-1st-options-now-available-for-alcoa-aa

Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new September 1st contracts and identified one put and one call contract of particular interest. The put contract at the $36.00 strike price has a current bid of $1.99. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $36.00, but will also collect the premium, putting the cost basis of the shares at $34.01 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $37.04/share today. Because the $36.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 5.53% return on the cash commitment, or 40.35% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $36.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $38.00 strike price has a current bid of $2.23. If an investor was to purchase shares of AA stock at the current price level of $37.04/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $38.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.61% if the stock gets called away at the September 1st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $38.00 strike highlighted in red: Considering the fact that the $38.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.02% boost of extra return to the investor, or 43.95% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $37.04) to be 58%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 » Also see: • Funds Holding UYG • KGS Insider Buying • UP YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $38.00 strike highlighted in red: Considering the fact that the $38.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 1st expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $38.00 strike highlighted in red: Considering the fact that the $38.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 1st expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $38.00 strike highlighted in red: Considering the fact that the $38.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new September 1st contracts and identified one put and one call contract of particular interest.

Below is a chart showing AA's trailing twelve month trading history, with the $38.00 strike highlighted in red: Considering the fact that the $38.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options begin trading today, for the September 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new September 1st contracts and identified one put and one call contract of particular interest.

465.0

2023-07-12 00:00:00 UTC

What To Expect From Alcoa's Q2 Results?

AA

https://www.nasdaq.com/articles/what-to-expect-from-alcoas-q2-results

Alcoa (NYSE:AA) is expected to publish its Q2 2023 results on July 19 reporting on a quarter that saw aluminum prices trend lower. We expect the company’s revenues to come in at about $2.72 billion, marginally ahead of the consensus estimates. While this would be roughly flat on a sequential basis, it would translate into a year-over-year decline of around 17%. We estimate that the company will post a net loss of about -$0.30 per share, roughly in line with the consensus, although this would mark a sharp decline from last year. So what are some of the trends that are likely to drive Alcoa’s results? See our interactive dashboard analysis on Alcoa Earnings Preview for more details on how AA’s revenues and earnings are likely to trend for the quarter. Aluminum prices have been on the decline over the past few months, amid improving supply trends, particularly in China, driven by more relaxed power restrictions and new capacity coming online. Moreover, reports of the resumption of smelting operations in China’s Yunnan province in late June have also been weighing on the aluminum market. While aluminum prices stood at about $2,400 in early April, they have declined since then to about $2,150 per ton currently. This is likely to impact the company’s revenues for the quarter. Separately, Alcoa has seen some delays in getting approvals for bauxite mining in Australia and this has resulted in the company mining for lower bauxite grades from previously approved areas. This could also impact results to an extent. That said, things could pick up a bit in Europe. While Alcoa was facing headwinds due to the high price of natural gas, this is likely to have moderated a bit over the last two months as energy prices cooled. Although Alcoa has not provided specific guidance for Q2 2023, it expects to ship between 2.5 and 2.6 million metric tons of aluminum in 2023, consistent with 2022. Overall, we still remain positive on AA stock despite expectations of mixed results. Alcoa stock remains down almost 25% year-to-date and this could be a compelling entry point. Rising investments in the renewable energy sector including electric vehicles, charging infrastructure, and solar and wind power plants remain secular drivers for aluminum demand. We think that Alcoa has an edge over other aluminum producers given its strong balance sheet and also due to the fact that its facilities are largely based in the U.S., resulting in lower energy costs compared to European rivals. We value AA stock at $48 per share, which is well ahead of the current market price of about $34. See our analysis of Alcoa valuation for a closer look at what’s driving our price estimate for Alcoa and how Alcoa’s valuation compares with peers. Also, see our analysis of Alcoa Revenue for more details on how Alcoa’s revenues are expected to trend. What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016. Returns Jul 2023 MTD [1] 2023 YTD [1] 2017-23 Total [2] AA Return 0% -25% 23% S&P 500 Return -1% 15% 96% Trefis Multi-Strategy Portfolio 0% 19% 282% [1] Month-to-date and year-to-date as of 7/10/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (NYSE:AA) is expected to publish its Q2 2023 results on July 19 reporting on a quarter that saw aluminum prices trend lower. See our interactive dashboard analysis on Alcoa Earnings Preview for more details on how AA’s revenues and earnings are likely to trend for the quarter. Overall, we still remain positive on AA stock despite expectations of mixed results.

Alcoa (NYSE:AA) is expected to publish its Q2 2023 results on July 19 reporting on a quarter that saw aluminum prices trend lower. Total [2] AA Return 0% -25% 23% S&P 500 Return -1% 15% 96% Trefis Multi-Strategy Portfolio 0% 19% 282% [1] Month-to-date and year-to-date as of 7/10/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. See our interactive dashboard analysis on Alcoa Earnings Preview for more details on how AA’s revenues and earnings are likely to trend for the quarter.

Alcoa (NYSE:AA) is expected to publish its Q2 2023 results on July 19 reporting on a quarter that saw aluminum prices trend lower. Total [2] AA Return 0% -25% 23% S&P 500 Return -1% 15% 96% Trefis Multi-Strategy Portfolio 0% 19% 282% [1] Month-to-date and year-to-date as of 7/10/2023 [2] Cumulative total returns since the end of 2016 Invest with Trefis Market Beating Portfolios See all Trefis Price Estimates The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. See our interactive dashboard analysis on Alcoa Earnings Preview for more details on how AA’s revenues and earnings are likely to trend for the quarter.

Alcoa (NYSE:AA) is expected to publish its Q2 2023 results on July 19 reporting on a quarter that saw aluminum prices trend lower. We value AA stock at $48 per share, which is well ahead of the current market price of about $34. See our interactive dashboard analysis on Alcoa Earnings Preview for more details on how AA’s revenues and earnings are likely to trend for the quarter.

466.0

2023-07-12 00:00:00 UTC

Morgan Stanley Reiterates Alcoa (AA) Underweight Recommendation

AA

https://www.nasdaq.com/articles/morgan-stanley-reiterates-alcoa-aa-underweight-recommendation-0

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. Analyst Price Forecast Suggests 33.81% Upside As of July 6, 2023, the average one-year price target for Alcoa is 46.42. The forecasts range from a low of 33.33 to a high of $63.00. The average price target represents an increase of 33.81% from its latest reported closing price of 34.69. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 3.37%. The projected annual non-GAAP EPS is 3.60. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 received the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $34.69 / share, the stock's dividend yield is 1.15%. Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.41 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.11. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company has not increased its dividend in the last three years. What is the Fund Sentiment? There are 1017 funds or institutions reporting positions in Alcoa. This is a decrease of 24 owner(s) or 2.31% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%. Total shares owned by institutions increased in the last three months by 0.02% to 169,904K shares. The put/call ratio of AA is 1.28, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm increased its portfolio allocation in AA by 54.56% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,536K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing an increase of 2.91%. The firm decreased its portfolio allocation in AA by 10.98% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,460K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,464K shares, representing a decrease of 0.08%. The firm decreased its portfolio allocation in AA by 10.49% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 4,558K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in AA by 8.01% over the last quarter. Franklin Resources holds 4,417K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 3,961K shares, representing an increase of 10.32%. The firm decreased its portfolio allocation in AA by 77.65% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: Alcoa Corporation Reports First Quarter 2023 Results Alcoa Purchases Group Annuity Contracts for Certain Canadian Pension Plans Alcoa Announces Closure of Intalco Smelter and Prepares Site for Redevelopment Amendment No. 1, dated as of January 8, 2023 to the Alcoa Corporation Amended and Restated Change in Control Severance Plan, dated July 30, 2019 (filed herewith)* Amendment No. 1 to Amended and Restated Executive Severance Agreement, between William F. Oplinger and Alcoa Corporation, effective February 1, 2023 (filed herewith)* This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%.

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%.

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%.

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%.

467.0

2023-07-12 00:00:00 UTC

Morgan Stanley Reiterates Alcoa (AA) Underweight Recommendation

AA

https://www.nasdaq.com/articles/morgan-stanley-reiterates-alcoa-aa-underweight-recommendation

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. Analyst Price Forecast Suggests 33.81% Upside As of July 6, 2023, the average one-year price target for Alcoa is 46.42. The forecasts range from a low of 33.33 to a high of $63.00. The average price target represents an increase of 33.81% from its latest reported closing price of 34.69. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 3.37%. The projected annual non-GAAP EPS is 3.60. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 received the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $34.69 / share, the stock's dividend yield is 1.15%. Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.41 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.11. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company has not increased its dividend in the last three years. What is the Fund Sentiment? There are 1017 funds or institutions reporting positions in Alcoa. This is a decrease of 24 owner(s) or 2.31% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%. Total shares owned by institutions increased in the last three months by 0.02% to 169,904K shares. The put/call ratio of AA is 1.28, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm increased its portfolio allocation in AA by 54.56% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,536K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing an increase of 2.91%. The firm decreased its portfolio allocation in AA by 10.98% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,460K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,464K shares, representing a decrease of 0.08%. The firm decreased its portfolio allocation in AA by 10.49% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 4,558K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in AA by 8.01% over the last quarter. Franklin Resources holds 4,417K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 3,961K shares, representing an increase of 10.32%. The firm decreased its portfolio allocation in AA by 77.65% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: Alcoa Corporation Reports First Quarter 2023 Results Alcoa Purchases Group Annuity Contracts for Certain Canadian Pension Plans Alcoa Announces Closure of Intalco Smelter and Prepares Site for Redevelopment Amendment No. 1, dated as of January 8, 2023 to the Alcoa Corporation Amended and Restated Change in Control Severance Plan, dated July 30, 2019 (filed herewith)* Amendment No. 1 to Amended and Restated Executive Severance Agreement, between William F. Oplinger and Alcoa Corporation, effective February 1, 2023 (filed herewith)* This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%.

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%.

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%.

Fintel reports that on July 12, 2023, Morgan Stanley reiterated coverage of Alcoa (NYSE:AA) with a Underweight recommendation. The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 13.17%.

468.0

2023-07-12 00:00:00 UTC

Alcoa (AA) to Report Q2 Earnings: What's in the Offing?

AA

https://www.nasdaq.com/articles/alcoa-aa-to-report-q2-earnings%3A-whats-in-the-offing

Alcoa Corporation AA is scheduled to release second-quarter 2023 results on Jul 19, after market close. The company has a dull earnings surprise history, having outperformed the Zacks Consensus Estimate in only two of the preceding four quarters, while missing in the other two. The average miss was 201.6%. Let’s see how things have shaped up for Alcoa this earnings season. Alcoa Price and EPS Surprise Alcoa price-eps-surprise | Alcoa Quote Factors to Note Alcoa’s second-quarter performance is likely to have been hurt by lower shipments of alumina and aluminum. Reduced refinery production is expected to have weighed on alumina shipments. An anticipated weakness in shipments due to lower trading activities and weak volumes from the Canadian smelters is likely to have hurt Aluminum segment’s third-party sales. Higher prices of aluminum and lower raw material and production costs might have partly offset the adversity. While alumina shipments are likely to reflect softness, higher average realized prices and strong volumes are expected to have driven the segment’s third-party sales. Lower raw material and energy costs are also expected to have aided the unit’s performance in the to-be-reported quarter. What Does the Zacks Model Say? Our proven model does not conclusively predict an earnings beat for Alcoa this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates, which is not the case here, as elaborated below. Earnings ESP: Alcoa has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at a loss of 50 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Zacks Rank: Alcoa currently carries a Zacks Rank #3. Highlights of Q1 Earnings Alcoa incurred an adjusted loss of 23 cents per share in the first quarter of 2023, wider than the Zacks Consensus Estimate of a loss of 5 cents. In the year-ago period, the company had reported adjusted earnings of $3.06. Total revenues of $2.67 billion surpassed the Zacks Consensus Estimate by 0.31%. The top line declined 18.8% year over year. Stocks to Consider Here are some companies you may want to consider from the Zacks Industrial Products sector, as our model shows that these have the right combination of elements to post an earnings beat this season: Stanley Black & Decker SWK has an Earnings ESP of +12.23% and a Zacks Rank #3. The company is scheduled to release second-quarter results on Aug 1. You can see the complete list of today’s Zacks #1 Rank stocks here. Stanley Black pulled off a trailing four-quarter earnings surprise of 25.3%, on average. The stock has rallied 22.6% in the past three months. Tenaris TS has an Earnings ESP of +6.27% and a Zacks Rank #3. The company is slated to release second-quarter results on Aug 2. Tenaris delivered a trailing four-quarter earnings surprise of 9.2%, on average. The stock has gained around 4% in the past three months. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation. Yes, I Want to Help Protect My Portfolio Against Inflation >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa Corporation AA is scheduled to release second-quarter 2023 results on Jul 19, after market close. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. The company has a dull earnings surprise history, having outperformed the Zacks Consensus Estimate in only two of the preceding four quarters, while missing in the other two.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa Corporation AA is scheduled to release second-quarter 2023 results on Jul 19, after market close. Higher prices of aluminum and lower raw material and production costs might have partly offset the adversity.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa Corporation AA is scheduled to release second-quarter 2023 results on Jul 19, after market close. Alcoa Price and EPS Surprise Alcoa price-eps-surprise | Alcoa Quote Factors to Note Alcoa’s second-quarter performance is likely to have been hurt by lower shipments of alumina and aluminum.

Alcoa Corporation AA is scheduled to release second-quarter 2023 results on Jul 19, after market close. Click to get this free report Alcoa (AA) : Free Stock Analysis Report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report Tenaris S.A. (TS) : Free Stock Analysis Report To read this article on Zacks.com click here. The company has a dull earnings surprise history, having outperformed the Zacks Consensus Estimate in only two of the preceding four quarters, while missing in the other two.

469.0

2023-07-12 00:00:00 UTC

Analysts Estimate Alcoa (AA) to Report a Decline in Earnings: What to Look Out for

AA

https://www.nasdaq.com/articles/analysts-estimate-alcoa-aa-to-report-a-decline-in-earnings%3A-what-to-look-out-for-1

Wall Street expects a year-over-year decline in earnings on lower revenues when Alcoa (AA) reports results for the quarter ended June 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 19, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This bauxite, alumina and aluminum products company is expected to post quarterly loss of $0.50 per share in its upcoming report, which represents a year-over-year change of -118.7%. Revenues are expected to be $2.62 billion, down 28.1% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 64.84% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Alcoa? For Alcoa, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Alcoa will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Alcoa would post a loss of $0.05 per share when it actually produced a loss of $0.23, delivering a surprise of -360%. Over the last four quarters, the company has beaten consensus EPS estimates two times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Alcoa doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation. Yes, I Want to Help Protect My Portfolio Against Inflation >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wall Street expects a year-over-year decline in earnings on lower revenues when Alcoa (AA) reports results for the quarter ended June 2023. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

Wall Street expects a year-over-year decline in earnings on lower revenues when Alcoa (AA) reports results for the quarter ended June 2023. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

Wall Street expects a year-over-year decline in earnings on lower revenues when Alcoa (AA) reports results for the quarter ended June 2023. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.

Wall Street expects a year-over-year decline in earnings on lower revenues when Alcoa (AA) reports results for the quarter ended June 2023. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. The earnings report, which is expected to be released on July 19, 2023, might help the stock move higher if these key numbers are better than expectations.

470.0

2023-07-07 00:00:00 UTC

Noteworthy Friday Option Activity: HUM, AA, MS

AA

https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-hum-aa-ms

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Humana Inc. (Symbol: HUM), where a total of 12,508 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 74.2% of HUM's average daily trading volume over the past month of 1.7 million shares. Particularly high volume was seen for the $430 strike put option expiring July 14, 2023, with 1,648 contracts trading so far today, representing approximately 164,800 underlying shares of HUM. Below is a chart showing HUM's trailing twelve month trading history, with the $430 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 33,974 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 72% of AA's average daily trading volume over the past month, of 4.7 million shares. Especially high volume was seen for the $35 strike call option expiring August 18, 2023, with 4,815 contracts trading so far today, representing approximately 481,500 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $35 strike highlighted in orange: And Morgan Stanley (Symbol: MS) options are showing a volume of 52,128 contracts thus far today. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 71.7% of MS's average daily trading volume over the past month, of 7.3 million shares. Particularly high volume was seen for the $84 strike call option expiring July 07, 2023, with 20,207 contracts trading so far today, representing approximately 2.0 million underlying shares of MS. Below is a chart showing MS's trailing twelve month trading history, with the $84 strike highlighted in orange: For the various different available expirations for HUM options, AA options, or MS options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • IMAX Average Annual Return • Top Ten Hedge Funds Holding NGS • Top Ten Hedge Funds Holding EIC The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Especially high volume was seen for the $35 strike call option expiring August 18, 2023, with 4,815 contracts trading so far today, representing approximately 481,500 underlying shares of AA. Below is a chart showing HUM's trailing twelve month trading history, with the $430 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 33,974 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 72% of AA's average daily trading volume over the past month, of 4.7 million shares.

Below is a chart showing HUM's trailing twelve month trading history, with the $430 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 33,974 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 72% of AA's average daily trading volume over the past month, of 4.7 million shares. Especially high volume was seen for the $35 strike call option expiring August 18, 2023, with 4,815 contracts trading so far today, representing approximately 481,500 underlying shares of AA.

That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 72% of AA's average daily trading volume over the past month, of 4.7 million shares. Particularly high volume was seen for the $84 strike call option expiring July 07, 2023, with 20,207 contracts trading so far today, representing approximately 2.0 million underlying shares of MS. Below is a chart showing MS's trailing twelve month trading history, with the $84 strike highlighted in orange: For the various different available expirations for HUM options, AA options, or MS options, visit StockOptionsChannel.com. Below is a chart showing HUM's trailing twelve month trading history, with the $430 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 33,974 contracts thus far today.

That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 72% of AA's average daily trading volume over the past month, of 4.7 million shares. Particularly high volume was seen for the $84 strike call option expiring July 07, 2023, with 20,207 contracts trading so far today, representing approximately 2.0 million underlying shares of MS. Below is a chart showing MS's trailing twelve month trading history, with the $84 strike highlighted in orange: For the various different available expirations for HUM options, AA options, or MS options, visit StockOptionsChannel.com. Below is a chart showing HUM's trailing twelve month trading history, with the $430 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 33,974 contracts thus far today.

471.0

2023-07-06 00:00:00 UTC

Alcoa (AA) Price Target Decreased by 7.57% to 46.42

AA

https://www.nasdaq.com/articles/alcoa-aa-price-target-decreased-by-7.57-to-46.42

The average one-year price target for Alcoa (NYSE:AA) has been revised to 46.42 / share. This is an decrease of 7.57% from the prior estimate of 50.22 dated June 1, 2023. The price target is an average of many targets provided by analysts. The latest targets range from a low of 33.33 to a high of 63.00 / share. The average price target represents an increase of 37.82% from the latest reported closing price of 33.68 / share. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 received the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $33.68 / share, the stock's dividend yield is 1.19%. Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.16 (n=236). The current dividend yield is 0.38 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.11. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company has not increased its dividend in the last three years. What is the Fund Sentiment? There are 1023 funds or institutions reporting positions in Alcoa. This is a decrease of 23 owner(s) or 2.20% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 0.14%. Total shares owned by institutions increased in the last three months by 0.04% to 170,001K shares. The put/call ratio of AA is 1.44, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm increased its portfolio allocation in AA by 54.56% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,536K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 5,375K shares, representing an increase of 2.91%. The firm decreased its portfolio allocation in AA by 10.98% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,460K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,464K shares, representing a decrease of 0.08%. The firm decreased its portfolio allocation in AA by 10.49% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 4,558K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in AA by 8.01% over the last quarter. Franklin Resources holds 4,417K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 3,961K shares, representing an increase of 10.32%. The firm decreased its portfolio allocation in AA by 77.65% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Additional reading: Alcoa Corporation Reports First Quarter 2023 Results Alcoa Purchases Group Annuity Contracts for Certain Canadian Pension Plans Alcoa Announces Closure of Intalco Smelter and Prepares Site for Redevelopment Amendment No. 1, dated as of January 8, 2023 to the Alcoa Corporation Amended and Restated Change in Control Severance Plan, dated July 30, 2019 (filed herewith)* Amendment No. 1 to Amended and Restated Executive Severance Agreement, between William F. Oplinger and Alcoa Corporation, effective February 1, 2023 (filed herewith)* This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The average one-year price target for Alcoa (NYSE:AA) has been revised to 46.42 / share. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 0.14%. The put/call ratio of AA is 1.44, indicating a bearish outlook.

The average one-year price target for Alcoa (NYSE:AA) has been revised to 46.42 / share. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 0.14%. The put/call ratio of AA is 1.44, indicating a bearish outlook.

The average one-year price target for Alcoa (NYSE:AA) has been revised to 46.42 / share. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 0.14%. The put/call ratio of AA is 1.44, indicating a bearish outlook.

The average one-year price target for Alcoa (NYSE:AA) has been revised to 46.42 / share. Average portfolio weight of all funds dedicated to AA is 0.23%, a decrease of 0.14%. The put/call ratio of AA is 1.44, indicating a bearish outlook.

472.0

2023-07-06 00:00:00 UTC

COLUMN-Europe adds aluminium to its critical raw materials list: Andy Home

AA

https://www.nasdaq.com/articles/column-europe-adds-aluminium-to-its-critical-raw-materials-list%3A-andy-home-0

By Andy Home LONDON, July 6 (Reuters) - European Union (EU) countries have added aluminium to the list of minerals and metals covered by the Critical Raw Materials Act (CRMA). The Act is the centerpiece of the EU's strategy for ensuring it has the necessary inputs to compete with the United States and China in the global race to decarbonise. The initial omission of aluminium from the CRMA was greeted with outrage from parts of the industry, the Federation of Aluminium Consumers in Europe lambasting EU policy-makers for "doing the opposite of what should be done". The last-minute inclusion of the metal, together with its upstream feeds of bauxite and alumina, attests both to the criticality of aluminium to the green revolution and Europe's increasingly precarious security of supply. GREEN METAL Aluminium is already the second most widely used metal in modern society after steel thanks to its high strength-to-weight ratio. Usage is expected to grow strongly over the coming years as the energy transition gathers pace. The World Bank has identified aluminium as a "high-impact" and "cross-cutting" metal in all existing and potential green energy technologies from solar to geothermal. Moreover, aluminium will play an important role in light-weighting electric vehicles, allowing automakers to get more mileage out of lithium-ion batteries. Global demand is forecast by the International Aluminium Institute (IAI) to increase by almost 40% to 119.5 million metric tons by 2030, meaning the aluminium sector needs to produce an extra 33.3 million metric tons of metal over the decade. FALLING OUTPUT As things stand, Europe is going to struggle to lift primary production at all over that time-frame. Western European production has been sliding steadily over the last 15 years with run-rates dropping from over 4.5 million metric tons to a current 2.7 million. The sector has been squeezed between high European energy prices and years of high Chinese exports, largely in the form of semi-fabricated products. Aluminium smelters consume a lot of power and the sector has taken another hit from the energy crunch that has followed Russia's invasion of Ukraine. Europe lost another 850,000 tonnes of primary smelter capacity between October 2021 and March 2022, according to the EU. Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. Some may well never return. IMPORT DEPENDENCY European aluminium consumption averaged just over 5.0 million metric tons per year over the 2016-2020 period, according to the EU. Import reliance averaged 56% over the same period, which is much lower than the bloc's 89% import reliance for bauxite and probably the reason why EU planners didn't originally include aluminium in the CRMA. However, the key difference is where Europe sources its bauxite and primary aluminium. Imports of bauxite over the 2016-2020 period came primarily from Guinea (70%), Brazil (14%) and Sierra Leone (10%). Imports of primary aluminium, by contrast, were dominated by Russian metal, which accounted for an average 33% over the same five-year period, according to the EU. The next largest supplier was Mozambique, which accounted for 17% of total imports, followed by Iceland, which accounted for another 14%. Both the United States and Britain have imposed penal duties on imports of Russian metal but the importance of Russia to Europe's supply chain has meant there are no official European sanctions against Rusal, Russia's dominant producer. However, the dependence on Russian supply is highly problematic given the increased tensions between the EU and its eastern neighbour after the invasion of Ukraine in February 2022. If Russian supply were taken out of the import picture, Europe's aluminium dependence would become much more acute. POWER PROBLEMS Getting aluminium onto Europe's critical raw materials list is an important win for the region's aluminium sector. However, it's just the start. Preserving what remains of the bloc's primary smelting capacity, let alone rebuilding it, is dependent on low-cost power, something that the EU is running short of right now. The problem is compounded by aluminium producers' need to lower their carbon footprint. That requires lots of renewable power, something the region is even more short of. The EU's proposed carbon border adjustment mechanism is another bone of contention. The European aluminium industry fears it will raise the cost of imports while not having any impact on global emissions in an industry dominated by China. It's worth remembering that European processors are also paying import duties on both primary aluminium and alloy as a result of legacy attempts to protect the region's smelters. Those import duties have evidently only slowed not halted the steady decline in European smelter production. TARGETS The EU's CRMA sets 2030 self-sufficiency targets of 10% of the bloc's consumption for production, 20% for recycling and 50% for processing. The last two have just been raised from 15% and 40% respectively. In addition, no more than 65% of imports should come from any individual supplier. If the EU is going to meet all those targets for aluminium, it's going to need a holistic approach that includes affordable green power pricing, a re-think of its legacy import duties and a possible fine-tuning of the proposed carbon border mechanism to reflect the reality of the global aluminium sector. Putting it on the list of critical raw materials may be the easy part of that multi-dimensional challenge. The opinions expressed here are those of the author, a columnist for Reuters Western European primary aluminium production https://tmsnrt.rs/3okRwca Russian metal accounts for one-third of Europe's aluminium imports https://tmsnrt.rs/3D3lJzY (Editing by David Evans) ((andy.home@thomsonreuters.com, 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. By Andy Home LONDON, July 6 (Reuters) - European Union (EU) countries have added aluminium to the list of minerals and metals covered by the Critical Raw Materials Act (CRMA). The last-minute inclusion of the metal, together with its upstream feeds of bauxite and alumina, attests both to the criticality of aluminium to the green revolution and Europe's increasingly precarious security of supply.

Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. European aluminium consumption averaged just over 5.0 million metric tons per year over the 2016-2020 period, according to the EU. Getting aluminium onto Europe's critical raw materials list is an important win for the region's aluminium sector.

Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. Getting aluminium onto Europe's critical raw materials list is an important win for the region's aluminium sector. If the EU is going to meet all those targets for aluminium, it's going to need a holistic approach that includes affordable green power pricing, a re-think of its legacy import duties and a possible fine-tuning of the proposed carbon border mechanism to reflect the reality of the global aluminium sector.

Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. Imports of primary aluminium, by contrast, were dominated by Russian metal, which accounted for an average 33% over the same five-year period, according to the EU. Getting aluminium onto Europe's critical raw materials list is an important win for the region's aluminium sector.

473.0

2023-07-06 00:00:00 UTC

COLUMN-Europe adds aluminium to its critical raw materials list: Andy Home

AA

https://www.nasdaq.com/articles/column-europe-adds-aluminium-to-its-critical-raw-materials-list%3A-andy-home

By Andy Home LONDON, July 6 (Reuters) - European Union (EU) countries have added aluminium to the list of minerals and metals covered by the Critical Raw Materials Act (CRMA). The Act is the centerpiece of the EU's strategy for ensuring it has the necessary inputs to compete with the United States and China in the global race to decarbonise. The initial omission of aluminium from the CRMA was greeted with outrage from parts of the industry, the Federation of Aluminium Consumers in Europe lambasting EU policy-makers for "doing the opposite of what should be done". The last-minute inclusion of the metal, together with its upstream feeds of bauxite and alumina, attests both to the criticality of aluminium to the green revolution and Europe's increasingly precarious security of supply. GREEN METAL Aluminium is already the second most widely used metal in modern society after steel thanks to its high strength-to-weight ratio. Usage is expected to grow strongly over the coming years as the energy transition gathers pace. The World Bank has identified aluminium as a "high-impact" and "cross-cutting" metal in all existing and potential green energy technologies from solar to geothermal. Moreover, aluminium will play an important role in light-weighting electric vehicles, allowing automakers to get more mileage out of lithium-ion batteries. Global demand is forecast by the International Aluminium Institute (IAI) to increase by almost 40% to 119.5 million metric tons by 2030, meaning the aluminium sector needs to produce an extra 33.3 million metric tons of metal over the decade. FALLING OUTPUT As things stand, Europe is going to struggle to lift primary production at all over that time-frame. Western European production has been sliding steadily over the last 15 years with run-rates dropping from over 4.5 million metric tons to a current 2.7 million. The sector has been squeezed between high European energy prices and years of high Chinese exports, largely in the form of semi-fabricated products. Aluminium smelters consume a lot of power and the sector has taken another hit from the energy crunch that has followed Russia's invasion of Ukraine. Europe lost another 850,000 tonnes of primary smelter capacity between October 2021 and March 2022, according to the EU. Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. Some may well never return. IMPORT DEPENDENCY European aluminium consumption averaged just over 5.0 million metric tons per year over the 2016-2020 period, according to the EU. Import reliance averaged 56% over the same period, which is much lower than the bloc's 89% import reliance for bauxite and probably the reason why EU planners didn't originally include aluminium in the CRMA. However, the key difference is where Europe sources its bauxite and primary aluminium. Imports of bauxite over the 2016-2020 period came primarily from Guinea (70%), Brazil (14%) and Sierra Leone (10%). Imports of primary aluminium, by contrast, were dominated by Russian metal, which accounted for an average 33% over the same five-year period, according to the EU. The next largest supplier was Mozambique, which accounted for 17% of total imports, followed by Iceland, which accounted for another 14%. Both the United States and Britain have imposed penal duties on imports of Russian metal but the importance of Russia to Europe's supply chain has meant there are no official European sanctions against Rusal, Russia's dominant producer. However, the dependence on Russian supply is highly problematic given the increased tensions between the EU and its eastern neighbour after the invasion of Ukraine in February 2022. If Russian supply were taken out of the import picture, Europe's aluminium dependence would become much more acute. POWER PROBLEMS Getting aluminium onto Europe's critical raw materials list is an important win for the region's aluminium sector. However, it's just the start. Preserving what remains of the bloc's primary smelting capacity, let alone rebuilding it, is dependent on low-cost power, something that the EU is running short of right now. The problem is compounded by aluminium producers' need to lower their carbon footprint. That requires lots of renewable power, something the region is even more short of. The EU's proposed carbon border adjustment mechanism is another bone of contention. The European aluminium industry fears it will raise the cost of imports while not having any impact on global emissions in an industry dominated by China. It's worth remembering that European processors are also paying import duties on both primary aluminium and alloy as a result of legacy attempts to protect the region's smelters. Those import duties have evidently only slowed not halted the steady decline in European smelter production. TARGETS The EU's CRMA sets 2030 self-sufficiency targets of 10% of the bloc's consumption for production, 20% for recycling and 50% for processing. The last two have just been raised from 15% and 40% respectively. In addition, no more than 65% of imports should come from any individual supplier. If the EU is going to meet all those targets for aluminium, it's going to need a holistic approach that includes affordable green power pricing, a re-think of its legacy import duties and a possible fine-tuning of the proposed carbon border mechanism to reflect the reality of the global aluminium sector. Putting it on the list of critical raw materials may be the easy part of that multi-dimensional challenge. The opinions expressed here are those of the author, a columnist for Reuters Western European primary aluminium production https://tmsnrt.rs/3okRwca Russian metal accounts for one-third of Europe's aluminium imports https://tmsnrt.rs/3D3lJzY (Editing by David Evans) ((andy.home@thomsonreuters.com, 44-207-542-4412 and on Twitter https://twitter.com/AndyHomeMetals)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. By Andy Home LONDON, July 6 (Reuters) - European Union (EU) countries have added aluminium to the list of minerals and metals covered by the Critical Raw Materials Act (CRMA). The last-minute inclusion of the metal, together with its upstream feeds of bauxite and alumina, attests both to the criticality of aluminium to the green revolution and Europe's increasingly precarious security of supply.

Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. European aluminium consumption averaged just over 5.0 million metric tons per year over the 2016-2020 period, according to the EU. Getting aluminium onto Europe's critical raw materials list is an important win for the region's aluminium sector.

Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. Getting aluminium onto Europe's critical raw materials list is an important win for the region's aluminium sector. If the EU is going to meet all those targets for aluminium, it's going to need a holistic approach that includes affordable green power pricing, a re-think of its legacy import duties and a possible fine-tuning of the proposed carbon border mechanism to reflect the reality of the global aluminium sector.

Some, such as Alcoa's AA.N Spanish plant, will return after new, lower-carbon power supplies are secured. Imports of primary aluminium, by contrast, were dominated by Russian metal, which accounted for an average 33% over the same five-year period, according to the EU. Getting aluminium onto Europe's critical raw materials list is an important win for the region's aluminium sector.

474.0

2023-07-04 00:00:00 UTC

AA Quantitative Stock Analysis

AA

https://www.nasdaq.com/articles/aa-quantitative-stock-analysis

Below is Validea's guru fundamental report for ALCOA CORP (AA). Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. The rating using this strategy is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. PRICE/SALES RATIO: PASS TOTAL DEBT/EQUITY RATIO: PASS PRICE/RESEARCH RATIO: PASS PRICE/SALES RATIO: PASS LONG-TERM EPS GROWTH RATE: FAIL FREE CASH PER SHARE: PASS THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink. Additional Research Links Top NASDAQ 100 Stocks Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio High Shareholder Yield Stocks Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. Below is Validea's guru fundamental report for ALCOA CORP (AA). Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

Below is Validea's guru fundamental report for ALCOA CORP (AA). Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Below is Validea's guru fundamental report for ALCOA CORP (AA).

Below is Validea's guru fundamental report for ALCOA CORP (AA). Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

475.0

2023-06-30 00:00:00 UTC

Alcoa (AA) Gains But Lags Market: What You Should Know

AA

https://www.nasdaq.com/articles/alcoa-aa-gains-but-lags-market%3A-what-you-should-know-6

In the latest trading session, Alcoa (AA) closed at $33.93, marking a +0.5% move from the previous day. The stock lagged the S&P 500's daily gain of 1.23%. Elsewhere, the Dow gained 0.84%, while the tech-heavy Nasdaq lost 2.24%. Heading into today, shares of the bauxite, alumina and aluminum products company had gained 3.24% over the past month, lagging the Industrial Products sector's gain of 10.67% and the S&P 500's gain of 4.67% in that time. Alcoa will be looking to display strength as it nears its next earnings release, which is expected to be July 19, 2023. The company is expected to report EPS of -$0.50, down 118.73% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.62 billion, down 28.09% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $0.05 per share and revenue of $10.72 billion, which would represent changes of -98.96% and -13.89%, respectively, from the prior year. Any recent changes to analyst estimates for Alcoa should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 94.3% lower within the past month. Alcoa is currently sporting a Zacks Rank of #3 (Hold). Digging into valuation, Alcoa currently has a Forward P/E ratio of 750.22. For comparison, its industry has an average Forward P/E of 12.86, which means Alcoa is trading at a premium to the group. Investors should also note that AA has a PEG ratio of 72.98 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Metal Products - Distribution industry currently had an average PEG ratio of 40.36 as of yesterday's close. The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In the latest trading session, Alcoa (AA) closed at $33.93, marking a +0.5% move from the previous day. Investors should also note that AA has a PEG ratio of 72.98 right now. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Alcoa (AA) closed at $33.93, marking a +0.5% move from the previous day. Investors should also note that AA has a PEG ratio of 72.98 right now.

In the latest trading session, Alcoa (AA) closed at $33.93, marking a +0.5% move from the previous day. Investors should also note that AA has a PEG ratio of 72.98 right now. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here.

In the latest trading session, Alcoa (AA) closed at $33.93, marking a +0.5% move from the previous day. Investors should also note that AA has a PEG ratio of 72.98 right now. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here.

476.0

2023-06-23 00:00:00 UTC

Alcoa (AA) Dips More Than Broader Markets: What You Should Know

AA

https://www.nasdaq.com/articles/alcoa-aa-dips-more-than-broader-markets%3A-what-you-should-know-9

In the latest trading session, Alcoa (AA) closed at $32.84, marking a -1.71% move from the previous day. This change lagged the S&P 500's 0.77% loss on the day. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 2.23%. Coming into today, shares of the bauxite, alumina and aluminum products company had lost 1.12% in the past month. In that same time, the Industrial Products sector gained 7.22%, while the S&P 500 gained 4.66%. Investors will be hoping for strength from Alcoa as it approaches its next earnings release. In that report, analysts expect Alcoa to post earnings of -$0.46 per share. This would mark a year-over-year decline of 117.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.63 billion, down 27.83% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.26 per share and revenue of $10.88 billion. These totals would mark changes of -94.62% and -12.63%, respectively, from last year. It is also important to note the recent changes to analyst estimates for Alcoa. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 67.41% lower within the past month. Alcoa is currently sporting a Zacks Rank of #3 (Hold). Looking at its valuation, Alcoa is holding a Forward P/E ratio of 129.75. This represents a premium compared to its industry's average Forward P/E of 12.39. We can also see that AA currently has a PEG ratio of 12.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. AA's industry had an average PEG ratio of 10.49 as of yesterday's close. The Metal Products - Distribution industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 115, putting it in the top 46% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In the latest trading session, Alcoa (AA) closed at $32.84, marking a -1.71% move from the previous day. We can also see that AA currently has a PEG ratio of 12.62. AA's industry had an average PEG ratio of 10.49 as of yesterday's close.

Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, Alcoa (AA) closed at $32.84, marking a -1.71% move from the previous day. We can also see that AA currently has a PEG ratio of 12.62.

In the latest trading session, Alcoa (AA) closed at $32.84, marking a -1.71% move from the previous day. We can also see that AA currently has a PEG ratio of 12.62. AA's industry had an average PEG ratio of 10.49 as of yesterday's close.

In the latest trading session, Alcoa (AA) closed at $32.84, marking a -1.71% move from the previous day. We can also see that AA currently has a PEG ratio of 12.62. AA's industry had an average PEG ratio of 10.49 as of yesterday's close.

477.0

2023-06-22 00:00:00 UTC

Interesting AA Put And Call Options For August 4th

AA

https://www.nasdaq.com/articles/interesting-aa-put-and-call-options-for-august-4th

Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new August 4th contracts and identified one put and one call contract of particular interest. The put contract at the $32.00 strike price has a current bid of $1.58. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $32.00, but will also collect the premium, putting the cost basis of the shares at $30.42 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $33.21/share today. Because the $32.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.94% return on the cash commitment, or 41.91% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $32.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $35.00 strike price has a current bid of $1.50. If an investor was to purchase shares of AA stock at the current price level of $33.21/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $35.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.91% if the stock gets called away at the August 4th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.52% boost of extra return to the investor, or 38.34% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $33.21) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 » Also see: • MTX Split History • GMCR Options Chain • RTX shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new August 4th contracts and identified one put and one call contract of particular interest.

At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new August 4th contracts and identified one put and one call contract of particular interest. Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration.

478.0

2023-06-22 00:00:00 UTC

Interesting AA Put And Call Options For August 4th

AA

https://www.nasdaq.com/articles/interesting-aa-put-and-call-options-for-august-4th-0

Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new August 4th contracts and identified one put and one call contract of particular interest. The put contract at the $32.00 strike price has a current bid of $1.58. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $32.00, but will also collect the premium, putting the cost basis of the shares at $30.42 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $33.21/share today. Because the $32.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.94% return on the cash commitment, or 41.91% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $32.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $35.00 strike price has a current bid of $1.50. If an investor was to purchase shares of AA stock at the current price level of $33.21/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $35.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.91% if the stock gets called away at the August 4th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.52% boost of extra return to the investor, or 38.34% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $33.21) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 » Also see: • MTX Split History • GMCR Options Chain • RTX shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new August 4th contracts and identified one put and one call contract of particular interest.

At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new August 4th contracts and identified one put and one call contract of particular interest. Below is a chart showing AA's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the August 4th expiration.

479.0

2023-06-15 00:00:00 UTC

Validea's Top 5 Materials Stocks Based On Warren Buffett - 6/15/2023

AA

https://www.nasdaq.com/articles/valideas-top-5-materials-stocks-based-on-warren-buffett-6-15-2023

The following are the top rated Materials stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations. BALCHEM CORP (BCPC) is a mid-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Warren Buffett is 25% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Balchem Corporation develops, manufactures, distributes and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition and industrial markets. The Company's segments include Human Nutrition and Health (HNH), Animal Nutrition and Health (ANH), and Specialty Products. The HNH segment provides human grade choline nutrients and mineral amino acid chelated products for nutrition and health applications. This segment also serves the food and beverage industry for beverage, bakery, dairy, confectionary, and savory manufacturers. The ANH segment provides nutritional products derived from its microencapsulation and chelation technologies, in addition to nutrient choline chloride. Through Specialty Products, it provides specialty-packaged chemicals for use in healthcare and other industries, and also provides chelated minerals to the micronutrient agricultural market. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. EARNINGS PREDICTABILITY: PASS DEBT SERVICE: PASS RETURN ON EQUITY: FAIL RETURN ON TOTAL CAPITAL: FAIL FREE CASH FLOW: PASS USE OF RETAINED EARNINGS: FAIL SHARE REPURCHASE: PASS INITIAL RATE OF RETURN: FAIL EXPECTED RETURN: FAIL Detailed Analysis of BALCHEM CORP BCPC Guru Analysis BCPC Fundamental Analysis FREEPORT-MCMORAN INC (FCX) is a large-cap growth stock in the Metal Mining industry. The rating according to our strategy based on Warren Buffett is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Freeport-McMoRan Inc. is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting & Refining. The Company has organized its mining operations into four divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. The Company's copper products include copper concentrate, copper cathode and continuous-cast copper rods. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. EARNINGS PREDICTABILITY: FAIL DEBT SERVICE: PASS RETURN ON EQUITY: FAIL RETURN ON TOTAL CAPITAL: FAIL FREE CASH FLOW: PASS USE OF RETAINED EARNINGS: FAIL SHARE REPURCHASE: PASS Detailed Analysis of FREEPORT-MCMORAN INC FCX Guru Analysis FCX Fundamental Analysis QUAKER CHEMICAL CORP (KWR) is a mid-cap growth stock in the Chemical Manufacturing industry. The rating according to our strategy based on Warren Buffett is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Quaker Chemical Corporation is a provider of industrial process fluids. It develops, produces and markets a broad range of formulated chemical specialty products and offers chemical management services for various heavy industrial and manufacturing applications. Its segments include the Americas; Europe, Middle East and Africa (EMEA); Asia/Pacific; and Global Specialty Businesses. The Global Specialty Businesses segment includes the Company's container, metal finishing, mining, offshore, specialty coatings, specialty grease and Norman Hay businesses. Its product line includes metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids and surface treatment chemicals. Its customers include aluminum, aerospace, offshore, container, mining, and companies. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. EARNINGS PREDICTABILITY: FAIL DEBT SERVICE: FAIL RETURN ON EQUITY: FAIL RETURN ON TOTAL CAPITAL: FAIL FREE CASH FLOW: FAIL USE OF RETAINED EARNINGS: FAIL SHARE REPURCHASE: NEUTRAL Detailed Analysis of QUAKER CHEMICAL CORP KWR Guru Analysis KWR Fundamental Analysis ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. The rating according to our strategy based on Warren Buffett is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Alcoa Corporation is a trading company. The Company is engaged in the production of bauxite, alumina and aluminum products. The Company's operations consist of two reportable business segments: Alumina and Aluminum. The Alumina segment consists of the Company's worldwide refining system, which processes bauxite into alumina. The alumina produced by this segment is sold primarily to internal and external aluminum smelter customers; a portion of the alumina is sold to external customers who process it into industrial chemical products. The Company's Aluminum segment consists of worldwide smelting and cast house system, which processes alumina into primary aluminum, and portfolio of energy assets in Brazil, Canada, and the United States. Its smelting operations produce molten primary aluminum, which is then formed by the casting operations into either common alloy ingot or into value-add ingot products. The Company has over 27 operating locations across nine countries. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. EARNINGS PREDICTABILITY: FAIL DEBT SERVICE: FAIL RETURN ON EQUITY: FAIL RETURN ON TOTAL CAPITAL: FAIL FREE CASH FLOW: PASS USE OF RETAINED EARNINGS: FAIL SHARE REPURCHASE: PASS Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis SEABRIDGE GOLD INC (USA) (SA) is a small-cap growth stock in the Gold & Silver industry. The rating according to our strategy based on Warren Buffett is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Seabridge Gold Inc. is a Canada-based company, which is engaged in the acquisition and exploration of gold properties located in North America. The Company operates through its six subsidiaries, KSM Mining ULC, Seabridge Gold (NWT) Inc., Seabridge Gold (Yukon) Inc., Seabridge Gold Corp., SnipGold Corp. and Snowstorm Exploration (LLC). The Company's projects include Kerr-Sulphurets-Mitchell (KSM), Courageous Lake, Iskut, Snowstorm, 3 Aces and Non-core Assets. The KSM Project comprises four discrete claim blocks, KSM claims, Seabee claims, Tina claims and Treaty Creek Switching Station claims. These four claim blocks include approximately 79 mineral claims (cell and legacy) and two mining leases with a combined area of approximately 40,784.97 hectares (ha). The Courageous Lake project is 100 %-owned by the Company is a collection of mineral leases and mining claims that trend north-south over approximately 54 kilometers (km). These land holdings are approximately 50,228 ha. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. EARNINGS PREDICTABILITY: FAIL DEBT SERVICE: FAIL RETURN ON EQUITY: FAIL RETURN ON TOTAL CAPITAL: FAIL FREE CASH FLOW: FAIL USE OF RETAINED EARNINGS: FAIL SHARE REPURCHASE: NEUTRAL Detailed Analysis of SEABRIDGE GOLD INC (USA) SA Guru Analysis SA Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented. About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Detailed Analysis of QUAKER CHEMICAL CORP KWR Guru Analysis KWR Fundamental Analysis ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis SEABRIDGE GOLD INC (USA) (SA) is a small-cap growth stock in the Gold & Silver industry. The HNH segment provides human grade choline nutrients and mineral amino acid chelated products for nutrition and health applications.

Detailed Analysis of QUAKER CHEMICAL CORP KWR Guru Analysis KWR Fundamental Analysis ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis SEABRIDGE GOLD INC (USA) (SA) is a small-cap growth stock in the Gold & Silver industry. Detailed Analysis of FREEPORT-MCMORAN INC FCX Guru Analysis FCX Fundamental Analysis QUAKER CHEMICAL CORP (KWR) is a mid-cap growth stock in the Chemical Manufacturing industry.

Detailed Analysis of QUAKER CHEMICAL CORP KWR Guru Analysis KWR Fundamental Analysis ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis SEABRIDGE GOLD INC (USA) (SA) is a small-cap growth stock in the Gold & Silver industry. The Company has organized its mining operations into four divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines.

Detailed Analysis of QUAKER CHEMICAL CORP KWR Guru Analysis KWR Fundamental Analysis ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis SEABRIDGE GOLD INC (USA) (SA) is a small-cap growth stock in the Gold & Silver industry. Company Description: Balchem Corporation develops, manufactures, distributes and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition and industrial markets.

480.0

2023-06-15 00:00:00 UTC

We Did The Math MDY Can Go To $534

AA

https://www.nasdaq.com/articles/we-did-the-math-mdy-can-go-to-%24534

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR S&P MIDCAP 400 ETF Trust ETF (Symbol: MDY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $533.61 per unit. With MDY trading at a recent price near $469.68 per unit, that means that analysts see 13.61% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of MDY's underlying holdings with notable upside to their analyst target prices are Kemper Corp (Symbol: KMPR), Staar Surgical Co. (Symbol: STAA), and Alcoa Corporation (Symbol: AA). Although KMPR has traded at a recent price of $44.32/share, the average analyst target is 55.69% higher at $69.00/share. Similarly, STAA has 49.45% upside from the recent share price of $50.48 if the average analyst target price of $75.44/share is reached, and analysts on average are expecting AA to reach a target price of $48.67/share, which is 34.70% above the recent price of $36.13. Below is a twelve month price history chart comparing the stock performance of KMPR, STAA, and AA: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET SPDR S&P MIDCAP 400 ETF Trust ETF MDY $469.68 $533.61 13.61% Kemper Corp KMPR $44.32 $69.00 55.69% Staar Surgical Co. STAA $50.48 $75.44 49.45% Alcoa Corporation AA $36.13 $48.67 34.70% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: • DFBH market cap history • Funds Holding NERD • ICLN YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SPDR S&P MIDCAP 400 ETF Trust ETF MDY $469.68 $533.61 13.61% Kemper Corp KMPR $44.32 $69.00 55.69% Staar Surgical Co. STAA $50.48 $75.44 49.45% Alcoa Corporation AA $36.13 $48.67 34.70% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of MDY's underlying holdings with notable upside to their analyst target prices are Kemper Corp (Symbol: KMPR), Staar Surgical Co. (Symbol: STAA), and Alcoa Corporation (Symbol: AA). Similarly, STAA has 49.45% upside from the recent share price of $50.48 if the average analyst target price of $75.44/share is reached, and analysts on average are expecting AA to reach a target price of $48.67/share, which is 34.70% above the recent price of $36.13.

Three of MDY's underlying holdings with notable upside to their analyst target prices are Kemper Corp (Symbol: KMPR), Staar Surgical Co. (Symbol: STAA), and Alcoa Corporation (Symbol: AA). Similarly, STAA has 49.45% upside from the recent share price of $50.48 if the average analyst target price of $75.44/share is reached, and analysts on average are expecting AA to reach a target price of $48.67/share, which is 34.70% above the recent price of $36.13. SPDR S&P MIDCAP 400 ETF Trust ETF MDY $469.68 $533.61 13.61% Kemper Corp KMPR $44.32 $69.00 55.69% Staar Surgical Co. STAA $50.48 $75.44 49.45% Alcoa Corporation AA $36.13 $48.67 34.70% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?

Similarly, STAA has 49.45% upside from the recent share price of $50.48 if the average analyst target price of $75.44/share is reached, and analysts on average are expecting AA to reach a target price of $48.67/share, which is 34.70% above the recent price of $36.13. Three of MDY's underlying holdings with notable upside to their analyst target prices are Kemper Corp (Symbol: KMPR), Staar Surgical Co. (Symbol: STAA), and Alcoa Corporation (Symbol: AA). Below is a twelve month price history chart comparing the stock performance of KMPR, STAA, and AA: Below is a summary table of the current analyst target prices discussed above:

SPDR S&P MIDCAP 400 ETF Trust ETF MDY $469.68 $533.61 13.61% Kemper Corp KMPR $44.32 $69.00 55.69% Staar Surgical Co. STAA $50.48 $75.44 49.45% Alcoa Corporation AA $36.13 $48.67 34.70% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of MDY's underlying holdings with notable upside to their analyst target prices are Kemper Corp (Symbol: KMPR), Staar Surgical Co. (Symbol: STAA), and Alcoa Corporation (Symbol: AA). Similarly, STAA has 49.45% upside from the recent share price of $50.48 if the average analyst target price of $75.44/share is reached, and analysts on average are expecting AA to reach a target price of $48.67/share, which is 34.70% above the recent price of $36.13.

481.0

2023-06-14 00:00:00 UTC

Alcoa (AA) Stock Sinks As Market Gains: What You Should Know

AA

https://www.nasdaq.com/articles/alcoa-aa-stock-sinks-as-market-gains%3A-what-you-should-know-6

Alcoa (AA) closed at $36.13 in the latest trading session, marking a -1.55% move from the prior day. This move lagged the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 0.61%. Heading into today, shares of the bauxite, alumina and aluminum products company had gained 1.66% over the past month, lagging the Industrial Products sector's gain of 8.46% and the S&P 500's gain of 6.1% in that time. Alcoa will be looking to display strength as it nears its next earnings release. In that report, analysts expect Alcoa to post earnings of -$0.12 per share. This would mark a year-over-year decline of 104.49%. Meanwhile, our latest consensus estimate is calling for revenue of $2.65 billion, down 27.18% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $0.55 per share and revenue of $10.87 billion, which would represent changes of -88.61% and -12.71%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for Alcoa. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 30.38% lower within the past month. Alcoa is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that Alcoa has a Forward P/E ratio of 66.73 right now. For comparison, its industry has an average Forward P/E of 12.47, which means Alcoa is trading at a premium to the group. It is also worth noting that AA currently has a PEG ratio of 6.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Metal Products - Distribution industry currently had an average PEG ratio of 6.7 as of yesterday's close. The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 116, which puts it in the top 47% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow AA in the coming trading sessions, be sure to utilize Zacks.com. Zacks Reveals ChatGPT "Sleeper" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) closed at $36.13 in the latest trading session, marking a -1.55% move from the prior day. It is also worth noting that AA currently has a PEG ratio of 6.42. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.

Alcoa (AA) closed at $36.13 in the latest trading session, marking a -1.55% move from the prior day. It is also worth noting that AA currently has a PEG ratio of 6.42. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.

Alcoa (AA) closed at $36.13 in the latest trading session, marking a -1.55% move from the prior day. It is also worth noting that AA currently has a PEG ratio of 6.42. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.

Alcoa (AA) closed at $36.13 in the latest trading session, marking a -1.55% move from the prior day. It is also worth noting that AA currently has a PEG ratio of 6.42. To follow AA in the coming trading sessions, be sure to utilize Zacks.com.

482.0

2023-06-13 00:00:00 UTC

Global aluminium producer cuts Q3 premium offer to $170/T from initial $180/T -sources

AA

https://www.nasdaq.com/articles/global-aluminium-producer-cuts-q3-premium-offer-to-%24170-t-from-initial-%24180-t-sources

TOKYO, June 13 (Reuters) - A major global aluminium producer has lowered its offer of a premium for Japanese buyers to $170 per tonne for July-September primary metal shipments from its initial level of $180, two sources directly involved in quarterly pricing talks said. The $170 offer still marks a 31-36% increase from the current quarter's premiums of $125-$130 per tonne PREM-ALUM-JP. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. (Reporting by Yuka Obayashi; Editing by Andrew Heavens) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TOKYO, June 13 (Reuters) - A major global aluminium producer has lowered its offer of a premium for Japanese buyers to $170 per tonne for July-September primary metal shipments from its initial level of $180, two sources directly involved in quarterly pricing talks said. The $170 offer still marks a 31-36% increase from the current quarter's premiums of $125-$130 per tonne PREM-ALUM-JP. (Reporting by Yuka Obayashi; Editing by Andrew Heavens) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TOKYO, June 13 (Reuters) - A major global aluminium producer has lowered its offer of a premium for Japanese buyers to $170 per tonne for July-September primary metal shipments from its initial level of $180, two sources directly involved in quarterly pricing talks said. The $170 offer still marks a 31-36% increase from the current quarter's premiums of $125-$130 per tonne PREM-ALUM-JP. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region.

TOKYO, June 13 (Reuters) - A major global aluminium producer has lowered its offer of a premium for Japanese buyers to $170 per tonne for July-September primary metal shipments from its initial level of $180, two sources directly involved in quarterly pricing talks said. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. (Reporting by Yuka Obayashi; Editing by Andrew Heavens) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TOKYO, June 13 (Reuters) - A major global aluminium producer has lowered its offer of a premium for Japanese buyers to $170 per tonne for July-September primary metal shipments from its initial level of $180, two sources directly involved in quarterly pricing talks said. The $170 offer still marks a 31-36% increase from the current quarter's premiums of $125-$130 per tonne PREM-ALUM-JP. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region.

483.0

2023-06-13 00:00:00 UTC

Noteworthy Tuesday Option Activity: GNRC, AA, LUV

AA

https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-gnrc-aa-luv

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Generac Holdings Inc (Symbol: GNRC), where a total of 3,752 contracts have traded so far, representing approximately 375,200 underlying shares. That amounts to about 45.5% of GNRC's average daily trading volume over the past month of 825,305 shares. Especially high volume was seen for the $130 strike call option expiring July 21, 2023, with 162 contracts trading so far today, representing approximately 16,200 underlying shares of GNRC. Below is a chart showing GNRC's trailing twelve month trading history, with the $130 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 19,652 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 45% of AA's average daily trading volume over the past month, of 4.4 million shares. Particularly high volume was seen for the $40 strike call option expiring July 21, 2023, with 2,086 contracts trading so far today, representing approximately 208,600 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $40 strike highlighted in orange: And Southwest Airlines Co (Symbol: LUV) saw options trading volume of 26,816 contracts, representing approximately 2.7 million underlying shares or approximately 44.1% of LUV's average daily trading volume over the past month, of 6.1 million shares. Especially high volume was seen for the $34.50 strike call option expiring June 30, 2023, with 3,017 contracts trading so far today, representing approximately 301,700 underlying shares of LUV. Below is a chart showing LUV's trailing twelve month trading history, with the $34.50 strike highlighted in orange: For the various different available expirations for GNRC options, AA options, or LUV options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • BDCs Hedge Funds Are Selling • Institutional Holders of DJUL • STEC Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Particularly high volume was seen for the $40 strike call option expiring July 21, 2023, with 2,086 contracts trading so far today, representing approximately 208,600 underlying shares of AA. Below is a chart showing GNRC's trailing twelve month trading history, with the $130 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 19,652 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 45% of AA's average daily trading volume over the past month, of 4.4 million shares.

Below is a chart showing GNRC's trailing twelve month trading history, with the $130 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 19,652 contracts thus far today. Below is a chart showing AA's trailing twelve month trading history, with the $40 strike highlighted in orange: And Southwest Airlines Co (Symbol: LUV) saw options trading volume of 26,816 contracts, representing approximately 2.7 million underlying shares or approximately 44.1% of LUV's average daily trading volume over the past month, of 6.1 million shares. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 45% of AA's average daily trading volume over the past month, of 4.4 million shares.

Below is a chart showing AA's trailing twelve month trading history, with the $40 strike highlighted in orange: And Southwest Airlines Co (Symbol: LUV) saw options trading volume of 26,816 contracts, representing approximately 2.7 million underlying shares or approximately 44.1% of LUV's average daily trading volume over the past month, of 6.1 million shares. Below is a chart showing LUV's trailing twelve month trading history, with the $34.50 strike highlighted in orange: For the various different available expirations for GNRC options, AA options, or LUV options, visit StockOptionsChannel.com. Below is a chart showing GNRC's trailing twelve month trading history, with the $130 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 19,652 contracts thus far today.

Below is a chart showing AA's trailing twelve month trading history, with the $40 strike highlighted in orange: And Southwest Airlines Co (Symbol: LUV) saw options trading volume of 26,816 contracts, representing approximately 2.7 million underlying shares or approximately 44.1% of LUV's average daily trading volume over the past month, of 6.1 million shares. Below is a chart showing LUV's trailing twelve month trading history, with the $34.50 strike highlighted in orange: For the various different available expirations for GNRC options, AA options, or LUV options, visit StockOptionsChannel.com. Below is a chart showing GNRC's trailing twelve month trading history, with the $130 strike highlighted in orange: Alcoa Corporation (Symbol: AA) options are showing a volume of 19,652 contracts thus far today.

484.0

2023-06-08 00:00:00 UTC

Interesting AA Put And Call Options For July 28th

AA

https://www.nasdaq.com/articles/interesting-aa-put-and-call-options-for-july-28th

Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the July 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new July 28th contracts and identified one put and one call contract of particular interest. The put contract at the $35.00 strike price has a current bid of $2.26. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $35.00, but will also collect the premium, putting the cost basis of the shares at $32.74 (before broker commissions). To an investor already interested in purchasing shares of AA, that could represent an attractive alternative to paying $35.29/share today. Because the $35.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.46% return on the cash commitment, or 47.14% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Alcoa Corporation, and highlighting in green where the $35.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $36.00 strike price has a current bid of $2.27. If an investor was to purchase shares of AA stock at the current price level of $35.29/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $36.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.44% if the stock gets called away at the July 28th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $36.00 strike highlighted in red: Considering the fact that the $36.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.43% boost of extra return to the investor, or 46.96% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $35.29) to be 59%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 » Also see: • Dividend Growth Stocks • GLRE Price Target • NOIZ Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Of course, a lot of upside could potentially be left on the table if AA shares really soar, which is why looking at the trailing twelve month trading history for Alcoa Corporation, as well as studying the business fundamentals becomes important. Below is a chart showing AA's trailing twelve month trading history, with the $36.00 strike highlighted in red: Considering the fact that the $36.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the July 28th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $36.00 strike highlighted in red: Considering the fact that the $36.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the July 28th expiration.

Below is a chart showing AA's trailing twelve month trading history, with the $36.00 strike highlighted in red: Considering the fact that the $36.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the July 28th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new July 28th contracts and identified one put and one call contract of particular interest.

At Stock Options Channel, our YieldBoost formula has looked up and down the AA options chain for the new July 28th contracts and identified one put and one call contract of particular interest. Below is a chart showing AA's trailing twelve month trading history, with the $36.00 strike highlighted in red: Considering the fact that the $36.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Alcoa Corporation (Symbol: AA) saw new options become available today, for the July 28th expiration.

485.0

2023-06-02 00:00:00 UTC

Validea Detailed Fundamental Analysis - AA

AA

https://www.nasdaq.com/articles/validea-detailed-fundamental-analysis-aa

Below is Validea's guru fundamental report for ALCOA CORP (AA). Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. The rating using this strategy is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. PRICE/SALES RATIO: PASS TOTAL DEBT/EQUITY RATIO: PASS PRICE/RESEARCH RATIO: PASS PRICE/SALES RATIO: PASS LONG-TERM EPS GROWTH RATE: FAIL FREE CASH PER SHARE: PASS THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink. Additional Research Links Top NASDAQ 100 Stocks Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ALCOA CORP (AA) is a mid-cap growth stock in the Metal Mining industry. Below is Validea's guru fundamental report for ALCOA CORP (AA). Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Below is Validea's guru fundamental report for ALCOA CORP (AA). Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Below is Validea's guru fundamental report for ALCOA CORP (AA).

Below is Validea's guru fundamental report for ALCOA CORP (AA). Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

486.0

2023-06-02 00:00:00 UTC

Noteworthy Friday Option Activity: IRBT, DDD, AA

AA

https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-irbt-ddd-aa

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in iRobot Corp (Symbol: IRBT), where a total of 4,812 contracts have traded so far, representing approximately 481,200 underlying shares. That amounts to about 85.9% of IRBT's average daily trading volume over the past month of 560,140 shares. Especially high volume was seen for the $45 strike call option expiring June 16, 2023, with 2,798 contracts trading so far today, representing approximately 279,800 underlying shares of IRBT. Below is a chart showing IRBT's trailing twelve month trading history, with the $45 strike highlighted in orange: 3D Systems Corp. (Symbol: DDD) saw options trading volume of 9,504 contracts, representing approximately 950,400 underlying shares or approximately 80% of DDD's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $8 strike put option expiring January 19, 2024, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $8 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 30,171 contracts, representing approximately 3.0 million underlying shares or approximately 77.4% of AA's average daily trading volume over the past month, of 3.9 million shares. Especially high volume was seen for the $25 strike put option expiring October 20, 2023, with 2,167 contracts trading so far today, representing approximately 216,700 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for IRBT options, DDD options, or AA options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • Funds Holding NRXP • WMG YTD Return • SHEL Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Especially high volume was seen for the $25 strike put option expiring October 20, 2023, with 2,167 contracts trading so far today, representing approximately 216,700 underlying shares of AA. Below is a chart showing DDD's trailing twelve month trading history, with the $8 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 30,171 contracts, representing approximately 3.0 million underlying shares or approximately 77.4% of AA's average daily trading volume over the past month, of 3.9 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for IRBT options, DDD options, or AA options, visit StockOptionsChannel.com.

Below is a chart showing DDD's trailing twelve month trading history, with the $8 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 30,171 contracts, representing approximately 3.0 million underlying shares or approximately 77.4% of AA's average daily trading volume over the past month, of 3.9 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for IRBT options, DDD options, or AA options, visit StockOptionsChannel.com. Especially high volume was seen for the $25 strike put option expiring October 20, 2023, with 2,167 contracts trading so far today, representing approximately 216,700 underlying shares of AA.

Below is a chart showing DDD's trailing twelve month trading history, with the $8 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 30,171 contracts, representing approximately 3.0 million underlying shares or approximately 77.4% of AA's average daily trading volume over the past month, of 3.9 million shares. Especially high volume was seen for the $25 strike put option expiring October 20, 2023, with 2,167 contracts trading so far today, representing approximately 216,700 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for IRBT options, DDD options, or AA options, visit StockOptionsChannel.com.

Especially high volume was seen for the $25 strike put option expiring October 20, 2023, with 2,167 contracts trading so far today, representing approximately 216,700 underlying shares of AA. Below is a chart showing DDD's trailing twelve month trading history, with the $8 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 30,171 contracts, representing approximately 3.0 million underlying shares or approximately 77.4% of AA's average daily trading volume over the past month, of 3.9 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for IRBT options, DDD options, or AA options, visit StockOptionsChannel.com.

487.0

2023-05-31 00:00:00 UTC

Pre-Market Most Active for May 31, 2023 : AI, SQQQ, TQQQ, PLTR, SOFI, TSLA, NVDA, AAL, NIO, TAL, BBAI, AAP

AA

https://www.nasdaq.com/articles/pre-market-most-active-for-may-31-2023-%3A-ai-sqqq-tqqq-pltr-sofi-tsla-nvda-aal-nio-tal-bbai

The NASDAQ 100 Pre-Market Indicator is down -68.1 to 14,286.89. The total Pre-Market volume is currently 24,495,982 shares traded. The following are the most active stocks for the pre-market session: C3.ai, Inc. (AI) is -2.45 at $41.50, with 3,351,147 shares traded., following a 52-week high recorded in prior regular session. ProShares UltraPro Short QQQ (SQQQ) is +0.35 at $22.94, with 2,798,794 shares traded., following a 52-week high recorded in prior regular session. ProShares UltraPro QQQ (TQQQ) is -0.53 at $34.94, with 2,458,350 shares traded. This represents a 117.02% increase from its 52 Week Low. Palantir Technologies Inc. (PLTR) is -0.45 at $14.26, with 2,243,679 shares traded., following a 52-week high recorded in prior regular session. SoFi Technologies, Inc. (SOFI) is +0.23 at $6.26, with 2,106,550 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $-0.07. SOFI's current last sale is 86.34% of the target price of $7.25. Tesla, Inc. (TSLA) is -2.06 at $199.10, with 1,068,998 shares traded. TSLA's current last sale is 99.55% of the target price of $200. NVIDIA Corporation (NVDA) is -6.89 at $394.22, with 797,737 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jul 2023. The consensus EPS forecast is $0.81. , following a 52-week high recorded in prior regular session. American Airlines Group, Inc. (AAL) is +0.3 at $14.92, with 735,639 shares traded. AAL's current last sale is 95.49% of the target price of $15.625. NIO Inc. (NIO) is +0.05 at $7.46, with 575,206 shares traded. NIO's current last sale is 57.38% of the target price of $13. TAL Education Group (TAL) is +0.03 at $5.61, with 543,160 shares traded. TAL's current last sale is 96.72% of the target price of $5.8. BigBear.ai, Inc. (BBAI) is +0.0391 at $2.17, with 464,812 shares traded. BBAI's current last sale is 43.38% of the target price of $5. Advance Auto Parts Inc. (AAP) is -32.222 at $79.98, with 458,924 shares traded. AAP's current last sale is 55.54% of the target price of $144. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

American Airlines Group, Inc. (AAL) is +0.3 at $14.92, with 735,639 shares traded. AAL's current last sale is 95.49% of the target price of $15.625. Advance Auto Parts Inc. (AAP) is -32.222 at $79.98, with 458,924 shares traded.

American Airlines Group, Inc. (AAL) is +0.3 at $14.92, with 735,639 shares traded. AAL's current last sale is 95.49% of the target price of $15.625. Advance Auto Parts Inc. (AAP) is -32.222 at $79.98, with 458,924 shares traded.

American Airlines Group, Inc. (AAL) is +0.3 at $14.92, with 735,639 shares traded. AAL's current last sale is 95.49% of the target price of $15.625. Advance Auto Parts Inc. (AAP) is -32.222 at $79.98, with 458,924 shares traded.

American Airlines Group, Inc. (AAL) is +0.3 at $14.92, with 735,639 shares traded. AAL's current last sale is 95.49% of the target price of $15.625. Advance Auto Parts Inc. (AAP) is -32.222 at $79.98, with 458,924 shares traded.

488.0

2023-05-30 00:00:00 UTC

AA Stock Crowded With Sellers

AA

https://www.nasdaq.com/articles/aa-stock-crowded-with-sellers

In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $32.07 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Alcoa Corporation, the RSI reading has hit 29.2 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 37.9, the RSI of Spot Gold is at 6.5, and the RSI of Spot Silver is presently 12.0. A bullish investor could look at AA's 29.2 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $32.07 per share, with $67.52 as the 52 week high point — that compares with a last trade of $32.43. Alcoa Corporation shares are currently trading off about 3.7% on the day. Click here to find out what 9 other oversold metals stocks you need to know about » Also see: • Energy Stocks You Can Buy Cheaper Than Insiders Did • HMNY Options Chain • LUNA Stock Predictions The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A bullish investor could look at AA's 29.2 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $32.07 per share. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $32.07 per share, with $67.52 as the 52 week high point — that compares with a last trade of $32.43.

In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $32.07 per share. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $32.07 per share, with $67.52 as the 52 week high point — that compares with a last trade of $32.43. A bullish investor could look at AA's 29.2 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $32.07 per share. A bullish investor could look at AA's 29.2 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $32.07 per share, with $67.52 as the 52 week high point — that compares with a last trade of $32.43.

In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) entered into oversold territory, changing hands as low as $32.07 per share. A bullish investor could look at AA's 29.2 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), AA's low point in its 52 week range is $32.07 per share, with $67.52 as the 52 week high point — that compares with a last trade of $32.43.

489.0

2023-05-26 00:00:00 UTC

Global aluminium producer seeks Q3 premium of $165/T from Japan buyers -sources

AA

https://www.nasdaq.com/articles/global-aluminium-producer-seeks-q3-premium-of-%24165-t-from-japan-buyers-sources

TOKYO, May 26 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $165 per tonne for July-September primary metal shipments, up 27%-32% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. For the April-June quarter, Japanese buyers agreed to pay premiums of $125-$130 per tonnePREM-ALUM-JP, up 45-53% from the previous quarter. (Reporting by Yuka Obayashi; editing by Jason Neely) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TOKYO, May 26 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $165 per tonne for July-September primary metal shipments, up 27%-32% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. (Reporting by Yuka Obayashi; editing by Jason Neely) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TOKYO, May 26 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $165 per tonne for July-September primary metal shipments, up 27%-32% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. For the April-June quarter, Japanese buyers agreed to pay premiums of $125-$130 per tonnePREM-ALUM-JP, up 45-53% from the previous quarter.

TOKYO, May 26 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $165 per tonne for July-September primary metal shipments, up 27%-32% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. (Reporting by Yuka Obayashi; editing by Jason Neely) ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TOKYO, May 26 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $165 per tonne for July-September primary metal shipments, up 27%-32% from the current quarter, three sources directly involved in quarterly pricing talks said on Friday. Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region. For the April-June quarter, Japanese buyers agreed to pay premiums of $125-$130 per tonnePREM-ALUM-JP, up 45-53% from the previous quarter.

490.0

2023-05-25 00:00:00 UTC

Alcoa (AA) Stock Sinks As Market Gains: What You Should Know

AA

https://www.nasdaq.com/articles/alcoa-aa-stock-sinks-as-market-gains%3A-what-you-should-know-5

Alcoa (AA) closed at $33.79 in the latest trading session, marking a -1.63% move from the prior day. This move lagged the S&P 500's daily gain of 0.88%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq lost 3.76%. Heading into today, shares of the bauxite, alumina and aluminum products company had lost 3.1% over the past month, lagging the Industrial Products sector's gain of 1.4% and the S&P 500's loss of 0.38% in that time. Wall Street will be looking for positivity from Alcoa as it approaches its next earnings report date. In that report, analysts expect Alcoa to post earnings of -$0.12 per share. This would mark a year-over-year decline of 104.49%. Our most recent consensus estimate is calling for quarterly revenue of $2.65 billion, down 27.18% from the year-ago period. AA's full-year Zacks Consensus Estimates are calling for earnings of $0.79 per share and revenue of $10.87 billion. These results would represent year-over-year changes of -83.64% and -12.71%, respectively. It is also important to note the recent changes to analyst estimates for Alcoa. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 29.46% lower within the past month. Alcoa is currently a Zacks Rank #5 (Strong Sell). Valuation is also important, so investors should note that Alcoa has a Forward P/E ratio of 43.48 right now. This represents a premium compared to its industry's average Forward P/E of 11.47. Also, we should mention that AA has a PEG ratio of 4.18. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AA's industry had an average PEG ratio of 5.05 as of yesterday's close. The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 120, which puts it in the top 48% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa (AA) closed at $33.79 in the latest trading session, marking a -1.63% move from the prior day. AA's full-year Zacks Consensus Estimates are calling for earnings of $0.79 per share and revenue of $10.87 billion. Also, we should mention that AA has a PEG ratio of 4.18.

AA's full-year Zacks Consensus Estimates are calling for earnings of $0.79 per share and revenue of $10.87 billion. Click to get this free report Alcoa (AA) : Free Stock Analysis Report To read this article on Zacks.com click here. Alcoa (AA) closed at $33.79 in the latest trading session, marking a -1.63% move from the prior day.

Alcoa (AA) closed at $33.79 in the latest trading session, marking a -1.63% move from the prior day. AA's full-year Zacks Consensus Estimates are calling for earnings of $0.79 per share and revenue of $10.87 billion. Also, we should mention that AA has a PEG ratio of 4.18.

AA's industry had an average PEG ratio of 5.05 as of yesterday's close. Alcoa (AA) closed at $33.79 in the latest trading session, marking a -1.63% move from the prior day. AA's full-year Zacks Consensus Estimates are calling for earnings of $0.79 per share and revenue of $10.87 billion.

491.0

2023-05-18 00:00:00 UTC

Alcoa : United Steelworkers Members Ratify Labor Agreement

AA

https://www.nasdaq.com/articles/alcoa-%3A-united-steelworkers-members-ratify-labor-agreement

(RTTNews) - Alcoa Corp. (AA) said that members of the United Steelworkers have ratified a new collective bargaining agreement that covers employees at its aluminum smelters in the United States. The company noted that the new three-year agreement master agreement covers about 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York. The prior contract expired on May 15,2023, and the parties agreed to work under the prior terms until the outcome of the ratification vote by union members. Alcoa's calcining facility in Lake Charles, Louisiana also has about 50 employees who are represented by the United Steelworkers. Wages and benefits from the master agreement applies to those specific employees, although other aspects of an agreement for Lake Charles will be negotiated in July. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) said that members of the United Steelworkers have ratified a new collective bargaining agreement that covers employees at its aluminum smelters in the United States. The company noted that the new three-year agreement master agreement covers about 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York. Alcoa's calcining facility in Lake Charles, Louisiana also has about 50 employees who are represented by the United Steelworkers.

(RTTNews) - Alcoa Corp. (AA) said that members of the United Steelworkers have ratified a new collective bargaining agreement that covers employees at its aluminum smelters in the United States. The company noted that the new three-year agreement master agreement covers about 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York. Wages and benefits from the master agreement applies to those specific employees, although other aspects of an agreement for Lake Charles will be negotiated in July.

(RTTNews) - Alcoa Corp. (AA) said that members of the United Steelworkers have ratified a new collective bargaining agreement that covers employees at its aluminum smelters in the United States. The company noted that the new three-year agreement master agreement covers about 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) said that members of the United Steelworkers have ratified a new collective bargaining agreement that covers employees at its aluminum smelters in the United States. The prior contract expired on May 15,2023, and the parties agreed to work under the prior terms until the outcome of the ratification vote by union members. Alcoa's calcining facility in Lake Charles, Louisiana also has about 50 employees who are represented by the United Steelworkers.

492.0

2023-05-18 00:00:00 UTC

Guru Fundamental Report for AA

AA

https://www.nasdaq.com/articles/guru-fundamental-report-for-aa-3

Below is Validea's guru fundamental report for ALCOA CORP (AA). Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. ALCOA CORP (AA) is a mid-cap value stock in the Metal Mining industry. The rating using this strategy is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. PRICE/SALES RATIO: PASS TOTAL DEBT/EQUITY RATIO: PASS PRICE/RESEARCH RATIO: PASS PRICE/SALES RATIO: PASS LONG-TERM EPS GROWTH RATE: FAIL FREE CASH PER SHARE: PASS THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ALCOA CORP (AA) is a mid-cap value stock in the Metal Mining industry. Below is Validea's guru fundamental report for ALCOA CORP (AA). Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

Below is Validea's guru fundamental report for ALCOA CORP (AA). Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher. Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Below is Validea's guru fundamental report for ALCOA CORP (AA).

Below is Validea's guru fundamental report for ALCOA CORP (AA). Detailed Analysis of ALCOA CORP AA Guru Analysis AA Fundamental Analysis More Information on Kenneth Fisher Kenneth Fisher Portfolio About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. Of the 22 guru strategies we follow, AA rates highest using our Price/Sales Investor model based on the published strategy of Kenneth Fisher.

493.0

2023-05-17 00:00:00 UTC

Notable Wednesday Option Activity: MA, KSS, AA

AA

https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-ma-kss-aa

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Mastercard Inc (Symbol: MA), where a total volume of 11,589 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.1% of MA's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $380 strike put option expiring May 19, 2023, with 567 contracts trading so far today, representing approximately 56,700 underlying shares of MA. Below is a chart showing MA's trailing twelve month trading history, with the $380 strike highlighted in orange: Kohl's Corp. (Symbol: KSS) saw options trading volume of 16,937 contracts, representing approximately 1.7 million underlying shares or approximately 48.1% of KSS's average daily trading volume over the past month, of 3.5 million shares. Particularly high volume was seen for the $22.50 strike call option expiring June 16, 2023, with 9,409 contracts trading so far today, representing approximately 940,900 underlying shares of KSS. Below is a chart showing KSS's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 20,831 contracts, representing approximately 2.1 million underlying shares or approximately 47.3% of AA's average daily trading volume over the past month, of 4.4 million shares. Especially high volume was seen for the $50 strike put option expiring June 16, 2023, with 2,739 contracts trading so far today, representing approximately 273,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for MA options, KSS options, or AA options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » Also see: • Funds Holding FAUS • DAWN YTD Return • HAYN Dividend History The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Especially high volume was seen for the $50 strike put option expiring June 16, 2023, with 2,739 contracts trading so far today, representing approximately 273,900 underlying shares of AA. Below is a chart showing KSS's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 20,831 contracts, representing approximately 2.1 million underlying shares or approximately 47.3% of AA's average daily trading volume over the past month, of 4.4 million shares. Below is a chart showing AA's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for MA options, KSS options, or AA options, visit StockOptionsChannel.com.

Below is a chart showing KSS's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 20,831 contracts, representing approximately 2.1 million underlying shares or approximately 47.3% of AA's average daily trading volume over the past month, of 4.4 million shares. Especially high volume was seen for the $50 strike put option expiring June 16, 2023, with 2,739 contracts trading so far today, representing approximately 273,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for MA options, KSS options, or AA options, visit StockOptionsChannel.com.

Below is a chart showing KSS's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 20,831 contracts, representing approximately 2.1 million underlying shares or approximately 47.3% of AA's average daily trading volume over the past month, of 4.4 million shares. Especially high volume was seen for the $50 strike put option expiring June 16, 2023, with 2,739 contracts trading so far today, representing approximately 273,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for MA options, KSS options, or AA options, visit StockOptionsChannel.com.

Below is a chart showing KSS's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And Alcoa Corporation (Symbol: AA) saw options trading volume of 20,831 contracts, representing approximately 2.1 million underlying shares or approximately 47.3% of AA's average daily trading volume over the past month, of 4.4 million shares. Especially high volume was seen for the $50 strike put option expiring June 16, 2023, with 2,739 contracts trading so far today, representing approximately 273,900 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for MA options, KSS options, or AA options, visit StockOptionsChannel.com.

494.0

2023-05-15 00:00:00 UTC

PICK, STLD, CLF, AA: Large Outflows Detected at ETF

AA

https://www.nasdaq.com/articles/pick-stld-clf-aa%3A-large-outflows-detected-at-etf

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Global Metals & Mining Producers ETF (Symbol: PICK) where we have detected an approximate $61.7 million dollar outflow -- that's a 4.3% decrease week over week (from 36,400,000 to 34,850,000). Among the largest underlying components of PICK, in trading today Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, Cleveland-Cliffs Inc (Symbol: CLF) is up about 1.1%, and Alcoa Corporation (Symbol: AA) is up by about 2.4%. For a complete list of holdings, visit the PICK Holdings page » The chart below shows the one year price performance of PICK, versus its 200 day moving average: Looking at the chart above, PICK's low point in its 52 week range is $31.86 per share, with $48.16 as the 52 week high point — that compares with a last trade of $40.31. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ». Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: • BLH Videos • DK Historical Earnings • Funds Holding State Street The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Among the largest underlying components of PICK, in trading today Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, Cleveland-Cliffs Inc (Symbol: CLF) is up about 1.1%, and Alcoa Corporation (Symbol: AA) is up by about 2.4%. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.

Among the largest underlying components of PICK, in trading today Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, Cleveland-Cliffs Inc (Symbol: CLF) is up about 1.1%, and Alcoa Corporation (Symbol: AA) is up by about 2.4%. For a complete list of holdings, visit the PICK Holdings page » The chart below shows the one year price performance of PICK, versus its 200 day moving average: Looking at the chart above, PICK's low point in its 52 week range is $31.86 per share, with $48.16 as the 52 week high point — that compares with a last trade of $40.31. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''.

Among the largest underlying components of PICK, in trading today Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, Cleveland-Cliffs Inc (Symbol: CLF) is up about 1.1%, and Alcoa Corporation (Symbol: AA) is up by about 2.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Global Metals & Mining Producers ETF (Symbol: PICK) where we have detected an approximate $61.7 million dollar outflow -- that's a 4.3% decrease week over week (from 36,400,000 to 34,850,000). For a complete list of holdings, visit the PICK Holdings page » The chart below shows the one year price performance of PICK, versus its 200 day moving average: Looking at the chart above, PICK's low point in its 52 week range is $31.86 per share, with $48.16 as the 52 week high point — that compares with a last trade of $40.31.

Among the largest underlying components of PICK, in trading today Steel Dynamics Inc. (Symbol: STLD) is up about 0.7%, Cleveland-Cliffs Inc (Symbol: CLF) is up about 1.1%, and Alcoa Corporation (Symbol: AA) is up by about 2.4%. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Global Metals & Mining Producers ETF (Symbol: PICK) where we have detected an approximate $61.7 million dollar outflow -- that's a 4.3% decrease week over week (from 36,400,000 to 34,850,000). For a complete list of holdings, visit the PICK Holdings page » The chart below shows the one year price performance of PICK, versus its 200 day moving average: Looking at the chart above, PICK's low point in its 52 week range is $31.86 per share, with $48.16 as the 52 week high point — that compares with a last trade of $40.31.

495.0

2023-05-15 00:00:00 UTC

How The Pieces Add Up: QUS Targets $131

AA

https://www.nasdaq.com/articles/how-the-pieces-add-up%3A-qus-targets-%24131

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR MSCI USA StrategicFactors ETF (Symbol: QUS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $131.46 per unit. With QUS trading at a recent price near $116.66 per unit, that means that analysts see 12.69% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of QUS's underlying holdings with notable upside to their analyst target prices are CVS Health Corporation (Symbol: CVS), Alcoa Corporation (Symbol: AA), and Bank of America Corp (Symbol: BAC). Although CVS has traded at a recent price of $68.58/share, the average analyst target is 51.80% higher at $104.11/share. Similarly, AA has 40.10% upside from the recent share price of $35.37 if the average analyst target price of $49.55/share is reached, and analysts on average are expecting BAC to reach a target price of $36.58/share, which is 35.02% above the recent price of $27.09. Below is a twelve month price history chart comparing the stock performance of CVS, AA, and BAC: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET SPDR MSCI USA StrategicFactors ETF QUS $116.66 $131.46 12.69% CVS Health Corporation CVS $68.58 $104.11 51.80% Alcoa Corporation AA $35.37 $49.55 40.10% Bank of America Corp BAC $27.09 $36.58 35.02% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: • MDEV Options Chain • OMEG market cap history • SNES YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SPDR MSCI USA StrategicFactors ETF QUS $116.66 $131.46 12.69% CVS Health Corporation CVS $68.58 $104.11 51.80% Alcoa Corporation AA $35.37 $49.55 40.10% Bank of America Corp BAC $27.09 $36.58 35.02% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of QUS's underlying holdings with notable upside to their analyst target prices are CVS Health Corporation (Symbol: CVS), Alcoa Corporation (Symbol: AA), and Bank of America Corp (Symbol: BAC). Similarly, AA has 40.10% upside from the recent share price of $35.37 if the average analyst target price of $49.55/share is reached, and analysts on average are expecting BAC to reach a target price of $36.58/share, which is 35.02% above the recent price of $27.09.

Three of QUS's underlying holdings with notable upside to their analyst target prices are CVS Health Corporation (Symbol: CVS), Alcoa Corporation (Symbol: AA), and Bank of America Corp (Symbol: BAC). Similarly, AA has 40.10% upside from the recent share price of $35.37 if the average analyst target price of $49.55/share is reached, and analysts on average are expecting BAC to reach a target price of $36.58/share, which is 35.02% above the recent price of $27.09. SPDR MSCI USA StrategicFactors ETF QUS $116.66 $131.46 12.69% CVS Health Corporation CVS $68.58 $104.11 51.80% Alcoa Corporation AA $35.37 $49.55 40.10% Bank of America Corp BAC $27.09 $36.58 35.02% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?

Similarly, AA has 40.10% upside from the recent share price of $35.37 if the average analyst target price of $49.55/share is reached, and analysts on average are expecting BAC to reach a target price of $36.58/share, which is 35.02% above the recent price of $27.09. Three of QUS's underlying holdings with notable upside to their analyst target prices are CVS Health Corporation (Symbol: CVS), Alcoa Corporation (Symbol: AA), and Bank of America Corp (Symbol: BAC). Below is a twelve month price history chart comparing the stock performance of CVS, AA, and BAC: Below is a summary table of the current analyst target prices discussed above:

SPDR MSCI USA StrategicFactors ETF QUS $116.66 $131.46 12.69% CVS Health Corporation CVS $68.58 $104.11 51.80% Alcoa Corporation AA $35.37 $49.55 40.10% Bank of America Corp BAC $27.09 $36.58 35.02% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of QUS's underlying holdings with notable upside to their analyst target prices are CVS Health Corporation (Symbol: CVS), Alcoa Corporation (Symbol: AA), and Bank of America Corp (Symbol: BAC). Similarly, AA has 40.10% upside from the recent share price of $35.37 if the average analyst target price of $49.55/share is reached, and analysts on average are expecting BAC to reach a target price of $36.58/share, which is 35.02% above the recent price of $27.09.

496.0

2023-05-15 00:00:00 UTC

Alcoa signs 8-year alumina supply deal with Emirates Global Aluminium

AA

https://www.nasdaq.com/articles/alcoa-signs-8-year-alumina-supply-deal-with-emirates-global-aluminium

Alcoa to become EGA's largest third-party alumina supplier The 8-year supply deal will commence in 2024 Up to 15.6 mln T of alumina to be supplied from Australia LONDON, May 15 (Reuters) - U.S. aluminium producer Alcoa Corp AA.N has signed an eight-year agreement to supply another metal producer, Emirates Global Aluminium (EGA), with smelter grade alumina, both companies said in a statement on Monday. Alumina is the key raw material used for making aluminium. Prices for the metal CMAL3 used in transport, construction and packaging hit their lowest since Oct. 31 last week on concerns about demand from top consumer, China. Hopes that demand for aluminium would rise in the long-term along with consumption of other metals needed for the global green energy transition are, however, driving appetite for deals in the mining industry. "Most of our alumina needs into the next decade are now secured by our own production and a long-term supplier in Alcoa," EGA's CEO Abdulnasser Bin Kalban said in the statement. The agreement, which commences in 2024, will allow EGA to procure as much as 15.6 million tonnes of alumina from Western Australia and will represent a significant portion of Alcoa's annual third-party alumina sales, the companies said. Australia banned exports of alumina to Russia in 2022 after Moscow invaded Ukraine, causing a jump in production costs of Alcoa's and EGA's rival aluminium producer - Russia's Rusal 0486.HK. The agreement will make Alcoa EGA's largest third-party supplier of alumina, the companies said. EGA operates smelters in Abu Dhabi and Dubai, an alumina refinery in Abu Dhabi, and a bauxite mine in Guinea. Its alumina refinery met 47% of EGA's total alumina needs in 2022. (Reporting by Polina Devitt; Editing by Marguerita Choy) ((polina.devitt@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alcoa to become EGA's largest third-party alumina supplier The 8-year supply deal will commence in 2024 Up to 15.6 mln T of alumina to be supplied from Australia LONDON, May 15 (Reuters) - U.S. aluminium producer Alcoa Corp AA.N has signed an eight-year agreement to supply another metal producer, Emirates Global Aluminium (EGA), with smelter grade alumina, both companies said in a statement on Monday. Prices for the metal CMAL3 used in transport, construction and packaging hit their lowest since Oct. 31 last week on concerns about demand from top consumer, China. Hopes that demand for aluminium would rise in the long-term along with consumption of other metals needed for the global green energy transition are, however, driving appetite for deals in the mining industry.

Alcoa to become EGA's largest third-party alumina supplier The 8-year supply deal will commence in 2024 Up to 15.6 mln T of alumina to be supplied from Australia LONDON, May 15 (Reuters) - U.S. aluminium producer Alcoa Corp AA.N has signed an eight-year agreement to supply another metal producer, Emirates Global Aluminium (EGA), with smelter grade alumina, both companies said in a statement on Monday. The agreement will make Alcoa EGA's largest third-party supplier of alumina, the companies said. EGA operates smelters in Abu Dhabi and Dubai, an alumina refinery in Abu Dhabi, and a bauxite mine in Guinea.

Alcoa to become EGA's largest third-party alumina supplier The 8-year supply deal will commence in 2024 Up to 15.6 mln T of alumina to be supplied from Australia LONDON, May 15 (Reuters) - U.S. aluminium producer Alcoa Corp AA.N has signed an eight-year agreement to supply another metal producer, Emirates Global Aluminium (EGA), with smelter grade alumina, both companies said in a statement on Monday. The agreement, which commences in 2024, will allow EGA to procure as much as 15.6 million tonnes of alumina from Western Australia and will represent a significant portion of Alcoa's annual third-party alumina sales, the companies said. Australia banned exports of alumina to Russia in 2022 after Moscow invaded Ukraine, causing a jump in production costs of Alcoa's and EGA's rival aluminium producer - Russia's Rusal 0486.HK.

Alcoa to become EGA's largest third-party alumina supplier The 8-year supply deal will commence in 2024 Up to 15.6 mln T of alumina to be supplied from Australia LONDON, May 15 (Reuters) - U.S. aluminium producer Alcoa Corp AA.N has signed an eight-year agreement to supply another metal producer, Emirates Global Aluminium (EGA), with smelter grade alumina, both companies said in a statement on Monday. Prices for the metal CMAL3 used in transport, construction and packaging hit their lowest since Oct. 31 last week on concerns about demand from top consumer, China. The agreement will make Alcoa EGA's largest third-party supplier of alumina, the companies said.

497.0

2023-05-11 00:00:00 UTC

Alcoa Reaches Tentative Agreement With United Steelworkers For Employees At Two U.S. Locations

AA

https://www.nasdaq.com/articles/alcoa-reaches-tentative-agreement-with-united-steelworkers-for-employees-at-two-u.s.

(RTTNews) - Alcoa Corp. (AA) announced Thursday that it has reached a tentative agreement with the United Steelworkers on a new three-year labor agreement for employees at two U.S. locations. The union will now schedule a vote with its members to ratify the proposed contract, the result of extensive negotiations between the Company and the United Steelworkers. The proposal will cover approximately 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York. The existing contract was set to expire on May 15th 2023, but the parties reached agreement prior to expiration. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) announced Thursday that it has reached a tentative agreement with the United Steelworkers on a new three-year labor agreement for employees at two U.S. locations. The union will now schedule a vote with its members to ratify the proposed contract, the result of extensive negotiations between the Company and the United Steelworkers. The proposal will cover approximately 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York.

(RTTNews) - Alcoa Corp. (AA) announced Thursday that it has reached a tentative agreement with the United Steelworkers on a new three-year labor agreement for employees at two U.S. locations. The union will now schedule a vote with its members to ratify the proposed contract, the result of extensive negotiations between the Company and the United Steelworkers. The existing contract was set to expire on May 15th 2023, but the parties reached agreement prior to expiration.

(RTTNews) - Alcoa Corp. (AA) announced Thursday that it has reached a tentative agreement with the United Steelworkers on a new three-year labor agreement for employees at two U.S. locations. The proposal will cover approximately 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Alcoa Corp. (AA) announced Thursday that it has reached a tentative agreement with the United Steelworkers on a new three-year labor agreement for employees at two U.S. locations. The union will now schedule a vote with its members to ratify the proposed contract, the result of extensive negotiations between the Company and the United Steelworkers. The proposal will cover approximately 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York.

498.0

2023-05-11 00:00:00 UTC

Credit Suisse Upgrades Alcoa (AA)

AA

https://www.nasdaq.com/articles/credit-suisse-upgrades-alcoa-aa

Fintel reports that on May 11, 2023, Credit Suisse upgraded their outlook for Alcoa (NYSE:AA) from Neutral to Outperform . Analyst Price Forecast Suggests 38.96% Upside As of May 11, 2023, the average one-year price target for Alcoa is 50.22. The forecasts range from a low of 37.37 to a high of $68.25. The average price target represents an increase of 38.96% from its latest reported closing price of 36.14. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Alcoa is 12,227MM, an increase of 3.37%. The projected annual non-GAAP EPS is 3.60. Alcoa Declares $0.10 Dividend On May 4, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of May 16, 2023 will receive the payment on June 2, 2023. Previously, the company paid $0.10 per share. At the current share price of $36.14 / share, the stock's dividend yield is 1.11%. Looking back five years and taking a sample every week, the average dividend yield has been 1.62%, the lowest has been 0.43%, and the highest has been 7.05%. The standard deviation of yields is 1.17 (n=237). The current dividend yield is 0.44 standard deviations below the historical average. Additionally, the company's dividend payout ratio is -0.09. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5. The company has not increased its dividend in the last three years. What is the Fund Sentiment? There are 1047 funds or institutions reporting positions in Alcoa. This is a decrease of 4 owner(s) or 0.38% in the last quarter. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 22.21%. Total shares owned by institutions increased in the last three months by 6.83% to 175,774K shares. The put/call ratio of AA is 1.21, indicating a bearish outlook. What are Other Shareholders Doing? Bank of New York Mellon holds 10,299K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 5,974K shares, representing an increase of 42.00%. The firm decreased its portfolio allocation in AA by 82.21% over the last quarter. IJH - iShares Core S&P Mid-Cap ETF holds 5,464K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 5,258K shares, representing an increase of 3.77%. The firm increased its portfolio allocation in AA by 22.53% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,375K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 5,357K shares, representing an increase of 0.34%. The firm increased its portfolio allocation in AA by 25.18% over the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main holds 4,578K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 95K shares, representing an increase of 97.93%. The firm increased its portfolio allocation in AA by 5,918.07% over the last quarter. NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,558K shares representing 2.56% ownership of the company. In it's prior filing, the firm reported owning 4,568K shares, representing a decrease of 0.21%. The firm increased its portfolio allocation in AA by 24.79% over the last quarter. Alcoa Background Information (This description is provided by the company.) Alcoa is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. See all Alcoa regulatory filings. This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fintel reports that on May 11, 2023, Credit Suisse upgraded their outlook for Alcoa (NYSE:AA) from Neutral to Outperform . The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 22.21%.

Fintel reports that on May 11, 2023, Credit Suisse upgraded their outlook for Alcoa (NYSE:AA) from Neutral to Outperform . The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 22.21%.

Fintel reports that on May 11, 2023, Credit Suisse upgraded their outlook for Alcoa (NYSE:AA) from Neutral to Outperform . The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 22.21%.

Fintel reports that on May 11, 2023, Credit Suisse upgraded their outlook for Alcoa (NYSE:AA) from Neutral to Outperform . The projected annual non-GAAP EPS is 3.60. Average portfolio weight of all funds dedicated to AA is 0.22%, an increase of 22.21%.

499.0

2023-05-08 00:00:00 UTC

‘Time to Buy,’ Says J.P. Morgan About These Top Aluminum Stocks

AA

https://www.nasdaq.com/articles/time-to-buy-says-j.p.-morgan-about-these-top-aluminum-stocks

Despite the strong jobs numbers for April, the overall economic outlook heading toward the second half of the year remains grim. Against a backdrop of elevated interest rates and recent bank failures, the odds of a recession hitting later this year are up to 64%. It’s an environment almost tailor-made to keep investors nervous – and looking for ‘recession proof’ sectors. In a recent report from JPMorgan, analyst Bill Peterson sees just such an opening in the aluminum sector. Peterson has taken a deep dive into the complexities of aluminum production and products, and found that the sector presents a number of advantages that should provide long-term support, even in a downturn. “Aluminum’s light weight and recyclability mean it will play a key role in the transition to a greener economy... J.P. Morgan’s Commodities Research team sees demand for aluminum in EVs, wind, and solar growing from around 2.4Mt in 2020 to 3.8Mt by 2025, reflecting a ~10% CAGR, which we think has significant potential for upside on the accelerated adoption of EVs based on IHS’s forecast of 23% and 45% penetration by 2025 and 2030, respectively,” Peterson explained. Peterson isn’t just analyzing the aluminum industry as a whole, he’s also putting his finger on two stocks that he sees as winners. In fact, he's projecting more than 40% growth potential for both of them. According to TipRanks, the premier source of analyst insights and research, these stocks also boast significant double-digit upside prospects, as evaluated by other analysts in the field. Here are the details. Constellium SE (CSTM) We’ll start with Constellium, a Paris-based global industrial leader, with a strong position in the manufacture of aluminum products. The company also works at the development of new uses for aluminum, and is a leader working with recycled aluminum metal. Constellium is known for its advanced alloys and engineering, and its aluminum products are found in a range of applications, from the simple soda can to aircraft, cars, and packaging. Constellium does all of this with a truly global footprint. The company employs more than 12,000 people worldwide, and it operates 3 R&D centers and 28 production facilities in Europe, North America, and China. The company serves a wide range of industries, including Aerospace and Transportation (A&T), Packaging and Automotive Rolled Products (P&ARP), and Automotive Structures and Industry (AS&I). Major players in these fields, such as Ford, Audi, Airbus, and Boeing, are among Constellium's esteemed clients. One number will give the scale of Constellium’s operations, and its presence in the global metals market: 8.1 billion. In Euros, that was the firm’s total revenue in 2022. That number came to more than $8.5 billion in US currency, and marked a 17% increase year-over-year. The company’s first quarter revenues came to 1.96 billion Euros, or US$2.1 billion; while slightly down 1% yeaer-over-year, this figure beat the forecast by 140 million Euros. At the bottom line, the GAAP EPS was reported as 14 Euro cents, missing the forecast by 22 cents. Of interest to investors, Constellium generated 34 million Euros in cash from operations in the quarter. The firm’s free cash flow came to a loss of 34 million, due to a 68 million Euro spend on property, plant, and equipment – just the sort of capex expected to bring rewards later on. Management is guiding toward 2023 free cash flow in excess 125 million Euros. In Peterson’s view, this company’s position in a necessary industrial niche, combined with its potential for cash generation, are the key points. He writes, “Constellium has the most upside potential among our downstream coverage, in our view, as we like its combination of end-market exposure, which can both help weather a recession in aerospace, while also providing strong, long-term growth fundamentals in packaging and auto. Strong FCF generation and pricing power, which have proved resilient through the cycle, are another plus. The slight premium to its ~6x historical average is warranted in our view given its solid FCF generation and improved balance sheet, likely enabling the company to initiate shareholder returns in 1H24.” The JPMorgan analyst uses these comments to support his Overweight (i.e. Buy) rating on the stock, while his US$24 price target implies the stock will gain 55% in the year ahead. (To watch Peterson’s track record, click here) Overall, this European industrial firm has picked up 5 recent analyst reviews from Wall Street, and those are unanimously positive and give CSTM its Strong Buy consensus rating. The shares are selling for $15.46 and have an average price target of $20.40, for a 32% upside potential in the next 12 months. (See CSTM stock forecast) Alcoa Corporation (AA) The next stock JPMorgan's Bill Peterson is betting on is Alcoa, a Pittsburgh-based company that has long been a major player on the world’s aluminum scene. Alcoa produces high-end primary aluminum, fabricated aluminum, and alumina products, and markets and distributes them worldwide. The company works with global customers in a wide range of industries, including such commonplaces as home appliances and cookware to cars and bicycles, but also in aerospace and automobiles. A number of rising economic headwinds have hurt Alcoa in recent months, including a wicked combination of stubborn inflation, elevated interest rates, and disrupted supply chains that work together to push up the cost of production. The company has pushed back, however, by showing that it can ‘turn green,’ tacking with the social and political winds, while still delivering quality products. Alcoa is doing that by lowering its carbon footprint compared to traditional aluminum producers. The company’s Sustana product lines – in low-carbon aluminum, low-carbon alumina, and recycled aluminum – feature significant improvements in carbon use. The EcoDura line features a minimum of 50% recycled content, while the EcoLum low-carbon aluminum line’s carbon footprint is 3x better than the industry’s average. Alcoa has achieved this by starting at the base, in the foundries. The company’s proprietary Elysis smelting technology is the first carbon-free smelting tech in the global aluminum industry. Using this tech, Alcoa can smelt aluminum alloys while emitting only oxygen as a gaseous byproduct. None of this comes cheap. Alcoa’s 1Q23 results showed a top line of $2.67 billion, skating under the forecast by $90 million and declining 19% year-over-year. The bottom line non-GAAP EPS figure was a net loss, at 23 cents per share, instead of breaking even as Wall Street had expected. At the same time, the company did report an important asset – more than $1.1 billion in liquid assets on hand. With those deep pockets, Alcoa is confident that it can meet an economic storm. What this means for JPM’s Peterson is clear from his comments on the stock: he is bullish here, and isn’t shy about saying so. “Our view rests on a positive aluminum price outlook , given supply constraints and the commodity’s strong secular growth trends, which can help fund shareholder returns and future growth initiatives. The company has systematically improved its cash funding related to its pension and has no near-term debt obligations, which positions it well for a recessionary slowdown," Peterson opined. "Finally," the analyst added, "we believe Alcoa is also well positioned for aluminum’s growing demand in the energy transition in addition to the 'greening' of the commodity itself with the launch of its low-carbon Sustana product line. The outlook also looks promising for its proprietary, zero-carbon Elysis smelting technology, which eliminates all scope 1 emissions associated with aluminum smelting, instead emitting pure oxygen as a byproduct.” To this end, Peterson sets an Overweight (i.e. Buy) rating on Alcoa shares, along with a $54 price target that suggests ~47% share gain by year’s end. What does the rest of the Street think? Looking at the consensus breakdown, opinions from other analysts are more spread out. 4 Buys, 3 Holds and 1 Sell add up to a Moderate Buy consensus. In addition, the $48.25 average price target indicates a solid 31% upside potential. (See Alcoa stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

At the bottom line, the GAAP EPS was reported as 14 Euro cents, missing the forecast by 22 cents. (See CSTM stock forecast) Alcoa Corporation (AA) The next stock JPMorgan's Bill Peterson is betting on is Alcoa, a Pittsburgh-based company that has long been a major player on the world’s aluminum scene. The bottom line non-GAAP EPS figure was a net loss, at 23 cents per share, instead of breaking even as Wall Street had expected.

At the bottom line, the GAAP EPS was reported as 14 Euro cents, missing the forecast by 22 cents. (See CSTM stock forecast) Alcoa Corporation (AA) The next stock JPMorgan's Bill Peterson is betting on is Alcoa, a Pittsburgh-based company that has long been a major player on the world’s aluminum scene. The bottom line non-GAAP EPS figure was a net loss, at 23 cents per share, instead of breaking even as Wall Street had expected.

(See CSTM stock forecast) Alcoa Corporation (AA) The next stock JPMorgan's Bill Peterson is betting on is Alcoa, a Pittsburgh-based company that has long been a major player on the world’s aluminum scene. At the bottom line, the GAAP EPS was reported as 14 Euro cents, missing the forecast by 22 cents. The bottom line non-GAAP EPS figure was a net loss, at 23 cents per share, instead of breaking even as Wall Street had expected.

At the bottom line, the GAAP EPS was reported as 14 Euro cents, missing the forecast by 22 cents. (See CSTM stock forecast) Alcoa Corporation (AA) The next stock JPMorgan's Bill Peterson is betting on is Alcoa, a Pittsburgh-based company that has long been a major player on the world’s aluminum scene. The bottom line non-GAAP EPS figure was a net loss, at 23 cents per share, instead of breaking even as Wall Street had expected.