Alcoa Corp

Latest Alcoa Corp News and Updates

  • Collage of Alcoa employees
    Materials

    Alcoa Stock Will Likely Rally More, Looks Like a Good Buy Now

    Alcoa's second-quarter earnings were better than expected on both the top line and the bottom line. Should you buy AA stock now and what's the forecast?
    By Mohit Oberoi, CFA
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    Green Energy Stocks

    Green Metal Stocks Help Make Your Portfolio More Sustainable

    Metal production is notoriously energy-rich, but some publicly traded companies are taking a greener approach. What are the best green metal stocks?
    By Rachel Curry
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    Earnings Report

    Why It’s No Surprise that Alcoa Cut Aluminum Demand Guidance

    Alcoa has revised down its 2016 global aluminum demand growth projection to 5%.

    By Mohit Oberoi, CFA
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    Miscellaneous

    Could Alcoa’s Split Create Shareholder Value?

    As an Alcoa (AA) shareholder, you might like to know whether the split will create value. The value, in this case, would basically mean whether the two separate companies would be worth more than the combined entity.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    All of the Base Metals Recovered Except for Tin

    After a string of losing days, base metals recovered on January 13, 2016. Except for tin, all of the base metals rose on January 13 in the LME.

    By Val Kensington
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    Company & Industry Overviews

    Base Metal Miners Recover

    In the week ended December 26, the equities of all major base metal miners gained, recovering from losses in the week prior.

    By Val Kensington
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    Materials

    Alcoa’s 2Q16 Earnings: What Can Investors Expect?

    Alcoa (AA) is expected to release its 2Q16 earnings on July 11. The company is in the final stages of its split, which will create two new entities.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    Expanding Service Sector Gives Relief to Economy in September

    With manufacturing slowing, a reading of the Non-Manufacturing Index at an above-neutral level (56.9) may provide some relief to the US economy, which is highly dependent on the service sector for its economic growth.

    By Lara Sheldon
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    Macroeconomic Analysis

    Interest Rate Woes Continue to Haunt the US Stock Market

    Now that the Fed’s meeting is over, the timing of the rate hike has made investors anxious. The delay in the rate hike is a sign of the health of the domestic economy.

    By Renee Blakely
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    Macroeconomic Analysis

    Why Did Copper Ignore Stimulus from China?

    Copper prices experienced a roller coaster ride on Monday after important market-moving news from China.

    By Val Kensington
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    Company & Industry Overviews

    Base Metal Miners Declined the Week Ended January 2, 2016

    The equities of major base metal mining companies fell in the week ended on January 2. Freeport-McMoRan, one of the leading copper producers, fell last week and ended in a loss.

    By Val Kensington
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    Macroeconomic Analysis

    Base Metal Miners on Tuesday, March 22: Some Up, Some Down

    Freeport-McMoRan (FCX), one of the largest copper miners, rose for the second consecutive trading day on Tuesday, March 22, 2016. It closed the day at $10.99, a rise of 1.8%.

    By Val Kensington
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    Macroeconomic Analysis

    How a Slowing Economy Impacts the US Labor Market

    The health of the US labor market is possibly the primary reason the FOMC (Federal Open Market Committee) had confidence to raise interest rates in December 2015

    By David Ashworth
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    Macroeconomic Analysis

    Alcoa’s Leverage Ratio Misses The Mark

    Alcoa’s leverage ratio has increased over 2Q 2014. This basically means that the proportion of debt in Alcoa’s capital structure has increased.

    By Mohit Oberoi, CFA
  • Materials

    Why Alcoa is improving its competitive position

    Alcoa idled several smelting plants since 2007. Its aluminum smelting capacity has come down by 28% over the period. Most of these smelters had high unit production costs.

    By Mohit Oberoi, CFA
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    Materials

    Will Consumers End Up Paying to Save US Steel Companies?

    Tariffs, like the one imposed by President Trump, could end up raising prices for consumers.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Base Metals Dive after Opening the Week on a Surge

    All base metals declined that day on the LME, and LME nickel was the biggest loser of the day in base metals with a decline of 2.8%.

    By Val Kensington
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    Materials

    Election Over, Market Still Undecided

    We know the nation is politically divided, and now the market is showing us its split personality as well.

    By JP Gravitt
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    Company & Industry Overviews

    Base Metals Continue to Rise in the London Metal Exchange

    The base metals found some relief on January 13, 2016. They carried the same positive sentiment to January 14. All of the base metals rose in the LME.

    By Val Kensington
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    Materials

    Aluminum company metrics compared

    Trading on the London metal exchange determines the price for primary aluminum. Any increase in the price of aluminum benefits companies that produce primary aluminum.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    China’s April Trade Data: What It Means for Metal Investors

    China released its April trade data on May 8. The data weren’t received well by investors. Asian markets were trading lower in early trade.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Could the OPEC Meeting Have an Impact on Alcoa?

    It could be déjà vu for Alcoa (AA) investors after the OPEC meeting on December 4, 2015. Last year’s decision to maintain daily crude output had a negative impact on all commodities.

    By Mohit Oberoi, CFA
  • Materials

    Must-know: Alcoa’s third quarter portfolio transformation

    Alcoa announced the acquisition of Firth Rixson. Firth Rixson is the largest jet engine ring manufacturer. It gets ~75% of its revenues from aerospace industries.

    By Mohit Oberoi, CFA
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    Materials

    Why the Aluminum Supply Deficit Is Not Causing Premiums to Strengthen

    US Midwest aluminum premiums are currently quoted at $0.07 per pound. Premiums have fallen slightly in July and are now down more than 22% year-to-date.

    By Mohit Oberoi, CFA
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    Earnings Report

    Lower Aluminum Prices Dint Alcoa’s 1Q 2015 Earnings

    Alcoa prices its aluminum with a 15-day lag to LME aluminum prices. Its 1Q earnings lost $84 million due to a decline in aluminum prices.

    By Mohit Oberoi, CFA
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    Miscellaneous

    Why Alumina Prices Are a Challenge for Alcoa

    The decline in alumina prices is a concern for Alcoa. The profitability of its alumina operations would be hit due to lower alumina prices.

    By Mohit Oberoi, CFA
  • Materials

    Part 3–Starwood Hotels & Resorts—a mid cap growth stock that is fully booked

    Strong Momentum in HOT The below graph reflects the strong performance of Starwood Hotels and resorts, HOT, which was particularly strong until the 2008 crisis, and is once gain handsomely outperforming the Morningstar mid cap growth total return index. While just a bit below the S&P 400 index over the years, Starwood Hotels has been […]

    By Marc Wiersum, MBA
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    Macroeconomic Analysis

    Can Higher Chinese Aluminum Exports Spoil Alcoa’s Party?

    China exported 350,000 metric tons of unwrought aluminum in October. Chinese aluminum exports fell ~1.8% YoY in the first ten months of 2016.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    2 Factors That Could Impact Aluminum Premiums In 2015

    Aluminum premiums are negotiated between aluminum warehouses and the end buyers. This makes them less susceptible to speculation.

    By Mohit Oberoi, CFA
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    Miscellaneous

    How Integrated Operations Would Be Alcoa’s Competitive Advantage

    Alcoa (AA) has integrated operations. Under the current market scenario, integrated operations could become Alcoa’s competitive advantage.

    By Mohit Oberoi, CFA
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    Earnings Report

    Alcoa’s 2016 Guidance Adds Gloom to 3Q Earnings Disappointment

    During its 3Q16 earnings call, Alcoa lowered the business targets for all three segments under Arconic.

    By Mohit Oberoi, CFA
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    Earnings Report

    What Analysts Expect from Century Aluminum’s 3Q15 Earnings

    According to data compiled by Bloomberg, Century Aluminum is expected to post revenues of $445.7 million in its 3Q15 earnings release. In 2Q15, it had net revenues of $523.5 million.

    By Mohit Oberoi, CFA
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    Materials

    How Does Alcoa’s Record Aluminum Deficit Projection Look?

    Earlier, Alcoa projected a 1.1 million metric ton deficit for global aluminum markets. It revised down its deficit projection during its 2Q16 conference call.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Aluminum Executives Discuss the Industry Outlook

    For commodity companies like Rio Tinto (RIO), the industry outlook is as important, if not more important, than the company’s position in the industry.

    By Mohit Oberoi, CFA
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    Earnings Report

    Aluminum Industry Outlook: What Do Top Executives Have to Say?

    Aluminum industry outlook For commodity companies like Rio Tinto (RIO), industry outlook is as important—if not more important—than the company’s position in the industry. Let’s see what senior aluminum executives have had to say about the aluminum industry’s outlook during their companies’ 3Q16 earnings calls. Century Aluminum Century Aluminum (CENX) expects two million metric tons […]

    By Mohit Oberoi, CFA
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    Materials

    Trouble Ahead For Alcoa? Halcyon Days Of 2014 Could Be Over

    Aluminum prices were strong for most of 2014. But OPEC changed all that last fall when it decided to maintain crude oil output levels.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Did Alcoa Just Bail Out Century Aluminum?

    Century Aluminum’s earnings have come under severe pressure because of the steep correction in aluminum prices. The company posted a gross loss in 3Q15.

    By Mohit Oberoi, CFA
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    Earnings Report

    Alcoa Lowers Guidance for Aerospace Business for the Second Time

    During its 3Q16 earnings call, Alcoa reduced its EPS segment’s fiscal 2016 revenue guidance to $5.6 billion–$5.8 billion from $5.9 billion–$6.1 billion.

    By Mohit Oberoi, CFA
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    Earnings Report

    Rio Tinto: In-Line Aluminum, More-than-Expected Bauxite Production

    Rio Tinto (RIO) and Alcan combined in 2007 to form Rio Tinto Alcan, a global leader in the aluminum industry. Its fully integrated facilities include high-quality bauxite mines…

    By Anuradha Garg
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    Macroeconomic Analysis

    Engineering Alcoa’s Success In 2015

    Alcoa’s engineered products and services In the previous part of this series, we discovered that the engineered products and services segment is Alcoa’s (AA) most profitable. In this part, we’ll look at two factors that will drive this part of the business in 2015. Non-residential construction Alcoa earns almost $1 billion in revenues from the non-residential construction industry. Non-residential construction is picking up, […]

    By Mohit Oberoi, CFA
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    Materials

    Will the Demand-Supply Mismatch Spur Chinese Aluminum Exports?

    China’s unwrought aluminum exports rose 20.4% YoY in August. Although the increase is a concern, things aren’t as bad as suggested by the big YoY spike.

    By Mohit Oberoi, CFA
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    Materials

    US-China Trade War: Tariffs despite Continued Talks

    The US (SPY) and China (FXI) have imposed tariffs on $16 billion worth of goods. The tariffs were imposed despite talks in Washington, DC.

    By Mohit Oberoi, CFA
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    Company & Industry Overviews

    Why Is Netflix Expected to Open Higher on January 19?

    After the market closed on Wednesday, Netflix (NFLX) posted upbeat fourth quarter earnings. It reported $2.48 billion in revenue in the fourth quarter.

    By Val Kensington
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    Earnings Report

    Was Alcoa Smart to Sell Mt. Holly Smelter to Century Aluminum?

    In 2014, Alcoa (AA) sold its stake in the Mt. Holly smelter to Century Aluminum (CENX).

    By Mohit Oberoi, CFA
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    Earnings Report

    Key Takeaways from Alcoa’s 4Q16 Earnings Call

    The question of restarting US plants cropped up during Alcoa’s 4Q16 earnings call. However, Alcoa’s management sounded wary.

    By Mohit Oberoi, CFA
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    Materials

    Is the Projected Surplus Weighing on Copper This Year?

    Copper’s apparent demand has been better-than-expected this year on the rise in Chinese construction activity coupled with an increase in the country’s bonded stocks.

    By Mohit Oberoi, CFA
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    Materials

    China Has A Limited Impact On The Global Aluminum Industry

    Bauxite is the main raw material in aluminum production. China lacks high-quality bauxite reserves. Until last year, China was relying on bauxite from Indonesia.

    By Mohit Oberoi, CFA
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    Macroeconomic Analysis

    How Do Aluminum Inventories Work?

    Aluminum inventories with London Metal Exchange (or LME) registered warehouses have declined this year. Aluminum inventories have been on a decline for almost two years.

    By Mohit Oberoi, CFA
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    Fund Managers

    Must Know: What Value Can Elliott Management Add to Alcoa?

    Elliott Management noted that it plans to engage in a “constructive dialogue” with Alcoa’s (AA) board regarding Alcoa’s split transaction and “additional available opportunities to maximize shareholder value.”

    By Mohit Oberoi, CFA
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    Materials

    Alcoa Is Optimistic about Aluminum’s 2018 Outlook

    Alcoa (AA) reported its 4Q17 earnings on January 17, 2018, after the markets closed. The company posted an adjusted EPS of $1.04 in 4Q17.

    By Mohit Oberoi, CFA
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