Alcoa Starts Construction of Refinery at Saudi Venture
2011-08-12 03:33:01
Quote: “We’re near very
high-population areas.â€
Ma’aden owns 75 percent of the venture and New York-based
Alcoa owns 25 percent, Mike Belwood, a spokesman for Alcoa, said
in a telephone interview. Alcoa provides technical expertise for
the refinery, smelter and mill and Saudi Arabia is building
infrastructure for the project including a port, rail line and
power plant, Belwood said.
The rolling mill and smelter will begin production in 2013
and the mine and refinery will sta...
Read articleAlumina First-Half Profit Jumps 53% on Higher Demand, Prices
2011-08-12 03:33:00
Quote: Alumina owns 40 percent of the Alcoa World Alumina &
Chemical venture and Alcoa, the largest U.S. aluminum producer,
the balance. The venture produces one quarter of the world’s
alumina, which is refined into aluminum.
Alcoa World “has successfully based all new contracts
entered into in the second half of 2010 on the alumina price
indices†and “these contracts are for delivery in 2011 and
beyond,†Alumina said. Its realized prices climbed 28 percent
from the ...
Read article3 Stocks Trading Under $15 With Significant Upside
2011-08-01 04:56:17
Quote: Fifth Third looks like it has relatively strong technical support at $12 (Click on chart below to enlarge)AA) - Alcoa, Inc. engages in the production and management of aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. The Alumina segment engages in mining of bauxite, which is then refined into alumina. The Primary Metals segment produces aluminum. The Flat-Rolled Products segmen...
Read articleA Rhapsody in Reynobond®: Oberlin College’s New Jazz Building Clad in Alcoa Architectural Aluminum Panels
2011-07-22 10:56:01
Keywords: A Rhapsody in Reynobond®: Oberlin College’s New Jazz Building Clad in Alcoa Architectural Aluminum Panels, aa
Quote: And it was here, in 1886, that Charles Martin Hall, an Oberlinalumni and one of the founders of Alcoa, developed the cost-efficientprocess for obtaining aluminum from aluminum oxide that brought aluminuminto widespread use.â€Upon his success, Hall became a great benefactor to his alma mater. TheTappan Square property, on which the Kohl Building now stands, was justone of his generous gifts to the school.Alcoa ACM panels in a brushed aluminum finish were used for the exteriorwalls and an ano...
Read articleManufacturing in Philadelphia Fed Region Expanded in July
2011-07-21 12:16:38
Quote: “High unemployment, a weak
housing sector, and the deficit standoff in Washington all
continued to dampen consumer sentiment here in the U.S.â€
Alcoa, the largest U.S. aluminum producer, last week said
second-quarter profits more than doubled after higher prices
outweighed increasing raw-material costs.
Klaus Kleinfeld, chairman and
president of the New York-based company, said on a
teleconference. “We expect a healthy year-on-year global growth
and we expect the U.S. sales vo...
Read articleTop 3 Reasons Markets Were Down After Bernanke Recanted
2011-07-15 04:30:05
Keywords: Top 3 Reasons Markets Were Down After Bernanke Recanted, qqq,aa,dbc,dd,dia,gld,iwm,mco,mmm,rji,slv,spy,uso
Quote: Markets closed down on Wall Street today: Dow -0.44% , S&P -0.68% , Nasdaq -1.22% , Oil -2.15% , Gold +0.03% .
On the commodities front, Oilfell to $95.94, while precious metals gained slightly, with Goldup to $1,586.00 an ounce and Silverup 0.84% to $38.47 an ounce.
Here’s Why Chipotle is a Shareholder’s Dream Stock.
Today’s markets were down because:
backing off, saying that the issue is “more complex†than before QE2, and that the Fed is “not prepare...
Read articleALCOA INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2011-07-15 04:30:05
Quote: Important
factors that could cause actual results to differ materially from those in the
forward-looking statements include: (a) material adverse changes in aluminum
industry conditions, including global supply and demand conditions and
fluctuations in London Metal Exchange-based prices for primary aluminum,
alumina, and other products, and fluctuations in indexed-based and spot prices
for alumina; (b) unfavorable changes in general business and economic
conditions, in the global financial marke...
Read article'Fast Money' Recap: Alcoa's No Bellwether
2011-07-12 02:39:21
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, David Tong ,Fast Money Recap
Quote: He said he was worried about the strength of the domestic economy and would not buy auto stocks and Alcoa, which he called a "high-cost provider in a low-cost world." He said he would take a wait-and-see approach on BoeingBA).Kelly said he believes that China's economy may be stabilizing and reaccelerating, a scenario that would be positive for coal and copper.Lee shifted to the angst over Italy's debt crisis, which weighed on the markets. Kelly said one could pinpoint the country's problems on ...
Read articleAlcoa Profit May Double as Airbus to GM Drive Aluminum Demand
2011-07-11 02:04:31
Quote: Virginia, who has a
“neutral†recommendation on Alcoa, said in an interview.
“That’s a major driver.â€
Alcoa fell 11 cents, or 0.7 percent, to $16.38 in New York
Stock Exchange composite trading on July 8. The shares advanced
53 percent in the past 12 months, the second-best performer in
the Dow Jones Industrial Average.
Sales advanced 22 percent to $6.31 billion in the second
quarter, according to the average of seven analysts’ estimates
compiled by Bloomb...
Read articleAlcoa, Inc. Second Quarter Earnings Sneak Peek
2011-07-06 02:17:44
Keywords: Alcoa, Inc. Second Quarter Earnings Sneak Peek, cenx,kalu,aa,ach,awc,nor,spy
Quote: S&P 500 (NYSE:SPY) component Alcoa, Inc. (NYSE:AA) will unveil its latest earnings on Monday, July 11, 2011. Alcoa Inc. is a global producer of aluminum. It is mainly engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. It is actively involved in a range of industries, including technology, mining, smelting and recycling.
Alcoa, Inc. Earnings Preview Cheat Sheet Wall St. Earnings Expectations: The average estimate of analysts is for profit of ...
Read articleMa’aden Gets $1 Billion in Bank Loan Commitments for Project
2011-07-04 05:16:11
Quote: The remaining cost of $1.4 billion for the project will be
financed by Ma’aden and Alcoa, Ma’aden said today.
“The partners will negotiate with the financial
institutions and commercial banks to finalize these agreements
in the near future,†Ma’aden said.
Aluminum Complex
Ma’aden signed in December 2009 a contract with Alcoa to
build the $10.8 billion aluminum industrial complex. Four months
later, Ma’aden increased its stake in Ma’aden Ba...
Read article10 Highly Profitable, Undervalued Stocks With Bullish Short Trends
2011-06-24 09:32:48
Quote: Alcoa, Inc. (AA): Market cap at $16.26B. Earnings per share growth estimate for the next 5 years at 36.4%. Current price at $15.01 vs. analyst target price of $20.10, implying a potential upside of 33.91%. Shares shorted have decreased from 69.27M to 61.56M month-over-month, a change representing 0.73% of the company's 1.06B share float. 5. IMAX Corporation (IMAX): Market cap at $1.92B. Earnings per share growth estimate for the next 5 years at 26.22%. Current price at $29.50 vs. analyst target...
Read articleEconomically Sensitive Stocks Leading Market Higher
2011-06-22 01:50:09
Quote: Given the favorable interest-rate environment, stocks are already pretty attractive compared to bonds and cash.
Among the big movers in cyclicalville today are Caterpillar, DuPont, Deere, Honeywell, Alcoa, International Paper, Goodyear Tire and U.S. Steel.
Technology, often grouped with cyclicals, are also surging. Intel, Cisco, Micron, Applied Materials and Oracle are making strong moves. The Philadelphia Stock Exchange Semiconductor Index is up more than 2%.
Also, a lot of these moves are comi...
Read articleAlcoa, RUSNANO and Holding IDGC intend to form nano-coating JV
2011-06-20 05:46:55
Quote: theflyonthewall.com: Alcoa, RUSNANO and Holding IDGC intend to form nano-coating JVAlcoa, OJSC RUSNANO and JSC Holding Inter-regional Distribution Grid Companies (JSC Holding IDGC) signed a Memorandum of Intent to establish a joint venture for the development and production of nano-coatings...The joint venture will produce a broad range of applications including anti-icing nano-structured coatings for ground cables, wires and other components of power transmission lines. The project also includ...
Read articleCORRECTING and REPLACING Alcoa, RUSNANO and Holding IDGC Sign Memorandum of Intent to Produce Nano-coatings for Power Transmission Grids
2011-06-20 05:46:54
Keywords: CORRECTING and REPLACING Alcoa, RUSNANO and Holding IDGC Sign Memorandum of Intent to Produce Nano-coatings for Power Transmission Grids, aa
Quote: PETERSBURG, Russia & NEW YORK--(BUSINESS WIRE)--Fifth graph, first sentence of release should read: JSC Holding MRSKDirector General, Nickolay Shvets, concluded that last winter’s “icyrain†were proof of the need for wires with anti-icing properties (stedJSC Holding IDGC Deputy Director General and Technical Director, BorisMekhanoshin, concluded that last winter’s “icy rain†were proof of theneed for wires with anti-icing properties).The corrected release re...
Read articleU.S. Stocks Slump Amid Europe Woes as Economic Data Disappoint
2011-06-16 01:58:55
Quote: Alcoa, the largest U.S. aluminum producer, retreated
2.9 percent to $14.96. Exxon declined 2.1 percent to $78.66.
Ford Motor Co. (F) decreased 2.1 percent to $13.15. The
automaker said pretax profit will be lower in the second half
than in the first half as the company faces rising structural
and commodities costs.
Owens-Illinois Inc. (OI)Australia,
where it may idle a glass furnace.
Earnings Risk
J.C. Penney Co. slumped 3.5 percent to $34.12. The third-
largest U.S. department-store chain h...
Read articleLighter, cheaper alloy to lift Alcoa's fortunes
2011-06-10 07:31:46
Quote: Metallurgists and engineers in Alcoa Inc.'s Technical Center in Upper Burrell played a big part in developing a new generation of aluminum alloy that the company said Thursday will help it get a leg up in the aircraft-manufacturing industry.Alcoa said the new aluminum-lithium alloy developed here provides 10 percent weight savings and 30 percent cost reduction compared with current carbon-fiber composites that had begun to show up in some large aircraft, such as Boeing's 787 Dreamliner, executiv...
Read articleEuropean Stocks Fall
2011-06-06 04:00:30
Quote: The Dow Jones Industrial Average fell 97.29 points, or 0.8%, to 12151.26, led lower by Alcoa, which dropped 28 cents, or 1.7%, to $15.92. The blue-chip index has dropped 5.1% during its five-week losing skid and closed Friday at its lowest level since March 23.
Friday's declines came after the DJIA had slumped 321 points in back-to-back sessions. The average registered its biggest three-day drop since March 16. The Standard & Poor's 500 stock index shed 12.78 points, or 1%, to 1300.16, in a...
Read articleFears of economic slowdown hammer stocks
2011-06-02 10:03:31
Keywords: Fears of economic slowdown hammer stocks, aa,dg,f,gm, bonds
Quote: Caterpillar, Alcoa, and Boeing all lost more than 3 percent.The discouraging reports join a host of other news that has dampened hopes for a strong economic recovery and helped knock the S&P 500 down 1.4 percent in May. Still-high gas prices, a continued housing market decline, weaker-than-expected GDP and tepid consumer confidence -- along with concerns about debt problems in Europe and the debt ceiling in the U.S. -- have all weighed on markets.Companies reporting results were not spared from ...
Read articleSell the GLD ETF and Buy These Substantially Undervalued DOW Stocks Poised to Pop
2011-05-27 12:30:37
Quote: Summary Statistics Price Performance Fundamentals Earnings & Dividends Company Reviews Alcoa, Inc. (AA) - Engages in the production and management of aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. Alcoa recently announced first quarter 2011 income from continuing operations of $309 million, or $0.27 per share, a 20 percent improvement over fourth quarter 2010, l...
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