AA - Alcoa Corporation
| Previous close | 15.75 |
| Open | 15.80 |
| Bid | 15.67 x 2900 |
| Ask | 15.73 x 3000 |
| Day's range | 15.42 - 15.93 |
| 52-week range | 13.62 - 31.45 |
| Volume | 4,292,120 |
| Avg. volume | 4,978,773 |
| Market cap | 2.908B |
| Beta (5Y monthly) | 1.74 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -6.07 |
| Earnings date | 14 Apr 2020 - 19 Apr 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 22.86 |
- Reuters - UK Focus
EU launches anti-dumping investigation on China aluminium products
The European Commission has opened an investigation into whether China is dumping aluminium extrusions, products widely used in transport, construction and electronics, in the European Union, it said on Friday. A notice in the EU's Official Journal said it was acting on a complaint filed last month by industry group European Aluminium representing seven producers. "The evidence provided by the complainant shows that the volume and the prices of the imported product under investigation have had, among other consequences, a negative impact," the Commission said.
- Bloomberg
Trump’s Tariffs Haven’t Rescued American Steel
(Bloomberg Opinion) -- It’s been almost two years since President Donald Trump announced, on March 1, 2018, that he would be imposing a 25% tariff on steel imports to the U.S. and 10% on aluminum. “We must not let our country, companies and workers be taken advantage of any longer,” he tweeted at the time.The tariffs exempted a few countries to start, and were rolled back last May for products from Canada and Mexico, but otherwise still stand. Things have gone pretty well for the country in the meantime. For companies and workers in the U.S. steel and aluminum industries, not so much. U.S. Steel Corp.’s share price, for example, closed at its highest level in almost seven years on the day the tariffs were announced. It has since declined 80%.Not every steel and aluminum manufacturer’s stock chart makes this point quite so perfectly. The biggest U.S. steel producer, mini-mill operator Nucor Corp., saw its stock price peak in January 2018, not March, and it’s down a mere 31% since then. At the biggest U.S. aluminum producer, Alcoa Corp., the stock peaked in April 2018 and is down 74% since. Those are still sharp declines amid a generally rising stock market, though, and I was unable to find a single publicly traded U.S. steel or aluminum maker that hasn’t experienced something similar since early or mid-2018.As for the workers, primary metals manufacturers did keep adding jobs for the rest of 2018. But they began shedding them last April and now employ fewer people than when the tariffs were announced.As described in detail in the current Bloomberg Businessweek, the tariffs have directly harmed some U.S. steelmakers that depend on imported semi-finished steel slabs. For the most part, though, the industry’s troubles seem to be the product not of the metals tariffs but of a global industrial slump. The world’s biggest steelmaker, Luxembourg-based ArcelorMittal SA, has also experienced a big (45%) stock-price drop since mid-2018. Also, as someone who speculated back in March 2018 that the tariffs might help metals manufacturers at the expense of the much-larger industries that use that metal, I feel obliged to report that this doesn’t seem to have happened either, at least not in terms of employment.What does strike me, though, as I think of the industry sectors that President Trump has gone to bat for in a big way with tariffs and other forms of aid — metals makers, appliance manufacturers, coal miners, and oil and gas drillers sprang immediately to mind — is that hardly any of them have been having a great time of it lately, with all those I just named shedding jobs last year.(1) Meanwhile, the giant technology companies that have been recipients chiefly of the president’s ire keep chugging right along. The causes for these differing fortunes surely go way beyond White House policy, and it’s worth reiterating that the economy overall has been growing and creating jobs. But it does raise some questions about the president’s priorities.There is an unkind saying about Trump to the effect that everything he touches dies, a reference to the many past business failures with which he has been associated. It’s not entirely true — the Manhattan real estate business is still quite alive, despite his continued involvement in it — and the direction of causality isn’t always clear. With Trump’s economic interventions, maybe it’s just that the man is drawn to things that have their glory days behind them (like golf!). As someone who chose to pursue a career in journalism, I cannot help but have some sympathy with this worldview. But nostalgia seems like a counterproductive motivation for industrial policy. Picking winners is hard enough for a government to do successfully, but you’re stacking the deck against yourself if you focus most of your attention on the losers.On Tuesday, the president seemed to change his tune a bit on big tech, celebrating the stock-market gains of the “trillion-dollar club” of Google-parent Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp. I wouldn’t make too much of that — on the same day the Federal Trade Commission, controlled by Trump appointees, ordered those four companies plus Facebook Inc. to cough up details of past acquisitions for an investigation that might eventually lead to antitrust action. But if Trump ever decides to help the tech giants, look out. A clearer sell signal would be hard to imagine.(1) According to the Bureau of Labor Statistics, there was an increase in employment in oil and gas extraction over the course of 2019, but an even bigger decrease in employment in "support activities for oil and gas extraction."To contact the author of this story: Justin Fox at justinfox@bloomberg.netTo contact the editor responsible for this story: Stacey Shick at sshick@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Alcoa Receives Additional Recognition for Environmental, Social and Governance (ESG) Performance
Alcoa Corporation, a global leader in bauxite, alumina and aluminum, has been recognized as the top aluminum industry performer in The Sustainability Yearbook 2020, a comprehensive guide that provides in-depth analysis on environmental, social and governance criteria (ESG).
- Zacks
The Truth About Market Timing - February 06, 2020
In the long-run, does consistent market timing really matter to be a successful investor?
- Business Wire
Alcoa Completes Sale of Gum Springs Waste Treatment Business
Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it has completed the sale of Elemental Environmental Solutions LLC (EES), a wholly-owned Alcoa subsidiary that operates a 1,300-acre hazardous waste treatment business in Gum Springs, Arkansas.
- Business Wire
Bauxite, Alumina Operations in Western Australia Receive Aluminium Stewardship Initiative (ASI) Certification
Alcoa Corporation, a global leader in bauxite, alumina and aluminum, today announced that its portfolio of bauxite mines and alumina refineries in Western Australia have received certification from the Aluminium Stewardship Initiative (ASI).
- Zacks
Alcoa Corp. (AA) Reports Q4 Loss, Misses Revenue Estimates
Alcoa Corp. (AA) delivered earnings and revenue surprises of -40.91% and -1.07%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Alcoa Corporation Reports Fourth Quarter and Full-Year 2019 Results
Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today reported fourth quarter and full-year 2019 results.
- Yahoo Finance
Trade deal, Fed Beige Book, bank earnings — What to know in markets Wednesday
Signing of the “phase one” trade deal, Federal Reserve’s release of its Beige Book and another round of bank earnings will keep investors busy Wednesday.
- Zacks
Earnings Preview: Alcoa (AA) Q4 Earnings Expected to Decline
Alcoa (AA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
Alcoa (AA) to Divest Gum Springs Facility to Veolia for $250M
The divestment of Alcoa's (AA) Elemental Environmental Solutions business will enable the company to focus more on its core business.
- Zacks
New Strong Sell Stocks for January 3rd
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- Business Wire
Alcoa Announces Agreement to Sell Gum Springs Facility in $250 Million Transaction
Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, has agreed to sell its Gum Springs, Arkansas waste treatment facility, to Veolia ES Technical Solutions (VTS) in a transaction expected to close in the first quarter of 2020.
- Zacks
Simple Market Timing Strategies That Work - December 24, 2019
Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?
- Yahoo Finance
A 'phase one' US-China trade deal would solve one major problem for the stock market
Is it time for the animal spirits to be released on Wall Street amid speculation of a concrete U.S.-China trade deal?
- Simply Wall St.
Is Alcoa Corporation (NYSE:AA) A Volatile Stock?
If you're interested in Alcoa Corporation (NYSE:AA), then you might want to consider its beta (a measure of share...
- Reuters - UK Focus
RPT-COLUMN-Aluminium producers prepare for troubled times ahead: Andy Home
The aluminium market is in trouble again. The London Metal Exchange (LME) price touched a three-year low of $1,705 per tonne in October and has failed to stage any significant bounce over the intervening period. Earlier this year there was a lot of excited talk in the market about growing supply deficits and falling stocks.
