The upcoming report from Alcoa (AA) is expected to reveal quarterly loss of $0.02 per share, indicating an increase of 94.3% compared to the year-ago period. Analysts forecast revenues of $2.87 billion, representing an increase of 7% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 70.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earning ...

Nandani Bridglal Shares of aluminum giant Alcoa Corporation (NYSE:AA) rose by over 2% in early trading on July 11th. This came after the company announced, following the close of business on July 10th, preliminary financial results covering the second quarter of the company's 2024 fiscal year. Although management has only provided a snippet of data covering that time, it is clear that the financial picture is better, not only on a year-over-year basis, but also better than what analysts anticipated. Tho ...

Alcoa Corp (NYSE:AA) stock is down 3.8% to trade at $38.78 at last check, looking to log its third-straight daily loss after its early July rally lost steam at the $43 mark. So far this week, AA has shed 8.3% and its pulling back towards its +10% year-over-year level. There's a silver lining, however, as this drip puts Alcoa stock within a chip-shot of a historically bullish trendline.Per Schaeffer's Senior Quantitative Analyst Rocky White, the aluminum stock's drawdown security put it within one standard d ...

Alcoa (AA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 17, 2024, might help the stock move higher if these key numbers are better than expectations. ...

As the global economy faces numerous headwinds, including fluctuating commodity prices and economic uncertainty, certain materials stocks are increasingly risky investments. Here are three materials stocks to sell to reduce exposure to this market cyclicality.A number of headwinds are battering these materials stocks. Persistent inflationary pressures have led to elevated interest rates, which have a twofold impact on materials stocks. Higher rates increase borrowing costs for companies, squeezing profit ma ...

MADRID, SPAIN - JANUARY 26: The Secretary of State for Industry, Rebeca Torro, making a statement ... [+] after the meeting of the Alcoa monitoring committee, at the Ministry of Industry, on 26 January, 2024 in Madrid, Spain. (Photo By Gabriel Luengas/Europa Press via Getty Images)Europa Press via Getty ImagesAlcoa is expected to publish its Q2 2024 results around July 17, reporting on a quarter that saw aluminum prices pick up notably. Alcoa stock has fared well this year, rising by 17% since early January ...

Investors should take Wall Street's view of a particular sector or stock with a grain of salt, as there are typically conflicts of interest behind these views. Think about it: if an analyst working for an investment bank decides that a company's future is bearish, that analyst could risk losing his or her job over a particular stock's rating. Still, if that company is a significant client of another of the bank's branches, that analyst could risk losing his or her job over a particular stock's rating.Howeve ...

The S&P 500 continues to enjoy a solid run as the improving macro environment, coupled with the AI optimism and recent stock upgrades, provides solid support for risk assets.Last week, Goldman Sachs (NYSE:GS) increased its year-end forecast for the S&P 500 Index to 5,600, up from the previous target of 5,200.This revision by one of the most important financial institutions is attributed to robust earnings growth from five major U.S. technology companies and a higher projected fair value price-to-earnings ra ...

Are stocks set to rip higher in the second half of 2024? Or will investors be in for a nasty October surprise? Market timing is tricky at any time, but particularly at a time when a single data point can swiftly swing investor sentiment from positive to negative or vice versa. That may be of interest to traders. However, buy-and-hold investors tend to follow a different plan. And that plan frequently includes finding blue chip stocks under $100.  Blue-chip stocks can have their moment, but they’re generally ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Alcoa (AA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Alcoa is one of 222 individual stocks in the Industrial Products sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. ...