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Selling there aluminum can business should be profitable must be hurting for money. Sale of stock next with this run
Dropping like a rock now!
I asked last week, why are certain grocery stores telling me "there is an aluminum shortage' like I am told "there is a coin shortage" at restaurants or Lowes or Home Depot stores, and even "there is a wood shortage" I am told from lumber suppliers.. WTF going on out there, because I DO NOT see it, yet now this great company is showing its earnings stink worse than expected???
Question for you all. What is info behind local grocery store telling us they can only sell 2 litre plastic bottles of soda, cannot get can sodas now, because there is an aluminum shortage going on? Is this like the scam coin shortage going on too??
Please anyone respond.
As far as metal prices here in NC, they are pisspittifully low and not worth driving to scrap yard with your aluminum or other???
Will see you all around 12. $ May 10 after to fall
New tariffs by trump with Canada won’t help just hurt AA with only profitable smelter in Canada and they may close Spanish facility only means poorer revenues
Alcoa predictions show steady quarterly losses and the way up to Q4 2021.
Alcoa increased its liquidity after completing the sale of $750 million worth of bonds on Monday, at a 5.5% coupon rate.
5.5%? Only the banksters get the Fed's discount rates.
News: $AA Why Alcoa Stock Jumped as Much as 10% Today
Shares of aluminum giant Alcoa (NYSE: AA) were higher by 10% around noon EDT on Tuesday. Although the company is set to report earnings on Wednesday, it has already announced results, so its report isn't likely to be much of a surprise. But before the market opened, the company released some...
In case you are interested AA - Why Alcoa Stock Jumped as Much as 10% Today
July 15 th should be an eye opener for the shareholders
This stock should be 6 dollars today with all there good news
Closing two plants and low aluminum prices and this stock goes up does not make sense they are laying off workers and closing plants there will re significant restructuring cost with these and if there is a union
We upgraded to Titanium!
and the conspiracy theorists need hats
Got to use more aluminum foil for all these Covid take out orders, right??
cover at 7.87
+$400
no swinging for the fences right now, probably going lower but right now it is about locking in some gains
let some on the table here that is for sure
who'da thunk
another dip to 5.70 and I am on board for a quick flip
Well, as someone who just bought in the low sixes, I guess it ain't hard to dispute buying at !0.95 as being a screaming buy!
An OTC stock like GRPS may save the $$$. :)
Buy! We did. This is a 5/6x timer easily. $$$$
$10.95 from $30 ! How is this not screaming “buy”?
What are you talking about?
AA ALCOA RECEIP 2BILLIONS DOLARS FROM CHINA AND SOUTH KOREA NEXT DAYS
The Fed will lower rates on Wednesday and will do so in a coordinated manner. The rumor that has gone around the market
08:01 || 03/03 / 2020In Featured, Macro
Investors affected by the impressive fall in world stock markets due to coronavirus fears are increasingly convinced that the world's major central banks, including the Federal Reserve, will soon intervene to try to quell the storm.
Given this, the main economist of the US banking lobby - a former member of the Federal Reserve - issued a very concrete prediction Sunday that the bailout is near.
In a blog titled “Don’t keep your powder dry” Bill Nelson, chief economist at the Bank Policy Institute who worked on the Federal Reserve’s responses to the 2007-2008 financial crisis, predicted:
** A coordinated cut in world interest rates by major central banks, such as the one executed at the height of the crisis in October 2008 by the Federal Reserve and five other central banks. Possibly include in this action the People's Bank of China and the Monetary Authority of Hong Kong, the two banks whose economies have suffered most so far from the outbreak.
** It will happen this Wednesday, March 4. Nelson said the previous major coordinated actions in December 2007, October 2008 and November 2011 occurred on a Wednesday.
** It will happen before the US stock market open, either at 7 or 8 a.m. ET (1200 or 1300 GMT).
** It will be large: at least half a percentage point. The current Federal Reserve reference rate is set at a range of 1.50-1.75%, and rate futures markets have a cut of at least a quarter of a percentage point at the next scheduled Federal Reserve meeting of 17- March 18th. "The only way to get a positive reaction from the market is to deliver more than expected," he wrote.
** It will include "forward orientation" - a term of the central bank for some form of commitment with respect to future political action. Nelson said he would not be surprised to see something aimed at preventing further erosion of inflation, something that the Federal Reserve and other central banks have been struggling for most of the last decade. Your suggestion: The Federal Reserve promises not to increase rates or take other policy tightening measures until its preferred measure of inflation is above its formal 2% target for six months.
In addition to his predictions of a worldwide coordinated movement - something that many investors and economists worry that he might fall short of what is needed due to the depletion of tools in the world's major central banks - Nelson in a related post https://bpi.com/actions-the-fed-could-take-in-response-to-covid-19/?utm_source=Banco+Política+Instituto&utm_campaign=3e1ad993e7-set-reserve-requires-to+zero_02&utm_medium=email&utm_term = 0_c90b6c9720-3e1ad993e7-284062653 said the Federal Reserve could loosen a number of requirements and other regulations on US banks. to help keep credit moving.
As for the rate reduction, however, Nelson offers a big warning: "If the markets are calm on Monday and Tuesday, I'm not sure what will happen." (Dan Burns report; Daniel Wallis edition) Reuters.
This would have been a great stock to shot. Still looks like shot winner.
And so it goes...like I said...wait til it gets around USD10 before even thinking about a purchase.
Here is my rant against Alcoa. You can ..of course...just look at their history. Half the time...they diversify. The other half of the time...they divest. After the circa 90' diversification they were moving well on up.....within ten years..they sold it all off. I am not talking about the entire lot...but staples that made them a power house in Pittsburgh and beyond. No one individual can bank on retiring from Alcoa. I know you can say that about a lot of Companies...but this one takes the cake because of all the zig zagging'.
I always like to refer to Mastic...the Company that started the vinyl siding game(literally). Alcoa acquired them circa 89/90...and immediately thought they would just kill the name.."Mastic" and just merge the siding lines under the Alcoa name(alcoa always had a good name). They found out they couldn't do that.
I would have to say that over 75% of the homes in Pittsburgh during the 90's with siding was Alcoa's. I am being safe there as well. They sold all to Plygem...fn' Plygem! The aluminum rain carrying products were top notch...and everything about them was top notch.
But...yet once again...they went after the diversification and all went to shit by 2006/2007. Now..they didn't do any crazy diversification like GP did in the 90's...yeah Georgia Pacific went nuts, and I had several past coworkers join them and make the move to Atlanta. Tried to talk them out of it...but no.
The point I am trying to make with regards to Alcoa is stay away for now. They are stuck with smelting/ore...and are going to get destroyed in the near term. Walk away...walk away. They apparently will never stop going back and forth...and it's sad. If you are looking to trade...wait til it gets around usd10 at the least on the ticker....yeah...that's correct. Be tempered and know that I never beat up any stocks. I know this one though...and I withheld a ton of information.
Will AA take a hit for its lower earning, or will it break the MA 50?
I will rant about it tonight. I still have one of their wind breakers(jacket) from over 20 years ago. Not to mention other spiff from them. I will try to temper myself...for it won't be pretty.
$AA great article Alcoa Corporation Nyse Aa Short Squeeze
Well...well...well. Haven't paid attention to Alcoa since 2006/2007. Doing it again...eh? Used to call Ohio every week...and then all of the sudden...gone. Had to kill that "Rovar" due to those "all roof" high pitch structures.. inferior installs and some bad winters....eh? Couldn't handle the lawsuits..eh? Tried to kill off the "Mastic" name...couldn't do it ..and then sold it..eh? In fact..you sold everything that made you great.
Glad you made it back home....your material is on so many structures...only problem...it's not yours anymore..is it?
Business is business....I get it.... but you come mighty close to pulling a "Georgia Pacific"...every day.
Missn' those 90's ..eh?..Alcoa(your not alone). Aint' nothing ever going to be the same...of course we knew that back in 2000....before everyone else. And so it goes.....the past life of a two-stepper.
Anyone see AA going to $30 by the end of the month?
News: $AA Alcoa Corporation Provides Update on Avilés and La Coruña Plants in Spain
Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it has signed a conditional share purchase agreement with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, to acquire the Alcoa Avilés and La Cor...
Read the whole news Alcoa Corporation Provides Update on Avilés and La Coruña Plants in Spain
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So ugly, never thought sp this low
Alcoa Corp $AA Has Been Crushed, But This Level Looks Solid
Leading aluminum stock, Alcoa Corp (NYSE:AA), has been under severe selling pressure since April 2018. At that time, the stock traded as high as $62.35 a share. Since that high pivot, the stock has been selling off and now trades at $28.93 a share. The next major support level that looks solid for the stock will be around the $25.00 area. This is where the stock broke out in November 2016. Often, larger time-frame breakout levels will serve as solid support when retested. This should be an area where the institutional money defends the name.
Nick Santiago
InTheMoneyStocks
I don't know a lot, most the time its luck, but, with one tweet I think we are over the hard times, deal isn't set, but, word is out that it will be set. Knew it had to be China hurting far worse than us on this tariff showdown, knew it would always be the case, we just needed someone to put their feet to the fire.
So we should be good on whatever in the world that materiel used in aluminum that China has the majority holding of now. Not that I thought it was any real crisis anyway, but, the market is the market any whiff of death bears come running.
Peace out.
In my opinion these next few days will be the last of the cheap shares as next month will bring a trade deal with China with China folding their losing hand and all will be well in the world again and AA shall return to previous highs, we shall see.
Peace out.
added another 700 today @34.11 to fill my sack, holding 10K and look forward to the return to previous highs.
Peace out.
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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 segment engages in the production and sale of aluminum plate, sheet, and foil. The Engineered Products and Solutions segment produces and sells titanium, aluminum, and super alloy investment castings, hard alloy extrusions, forgings and fasteners, aluminum wheels, integrated aluminum structural systems, and architectural extrusions. Its products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. The company holds interests in bauxite mining activities. It operates primarily in the United States, Australia, Spain, Brazil, the Netherlands, Norway, France, Hungary, Italy, the United Kingdom, Russia, and Germany. Alcoa, Inc. was founded in 1888 and is based in New York, New York.
Alcoa, Inc.
201 Isabella Street
Alcoa Corporate Center
Pittsburgh, PA 15212 5858
Phone: 412-553-4545
Fax: 412-553-4498
Website: http://www.alcoa.com
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