ALCOA Inc. (AA)

[ogbull]

Alcoa will blow earning estimates away on April 11 when they release. Aluminum prices have been at least $50 above break even since the 1Q16 started. They made 4 cents in 4Q15 losing $75 per ton on every ton of aluminum they sold. This will turn to at least $50 profit -- $125 more per ton. I expect to see $0.15 earnings come April. This will send AA to at least $12.00

I expect to see AA hit $18 by this time next year-- a double from here, please a nice little dividend.

I'm not so happy about dividing the company and may just stick with Alcoa since I think aluminum will hit $2000 per ton withing the next 15 months.

Happy Trading!

By the way, AA usually get a lot of buying starting after everyone returns from lunch. I expect a quick run up to at least $9.30 within the next hour and $9.50 by close.