Alcoa (AA) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Zhongtai Securities: The slowdown of the US economy continues to boost the upward momentum of the nonferrous metals sector.
This week, the overall US economic data fell, and the expectation of interest rate cuts rose again, supporting the rise of metal prices. In the medium to long term, the actual yield of US long-term bonds is at a historical high of about 2%, and the US economic upward risk is relatively low under high interest rates. With the reshaping of the global credit pattern, the price of metals will rise to new heights.
Jefferies Financial predicts a surge in copper and aluminum prices, and recommends mining stocks such as Aluminum Corp of America (AA.US) and Glencore (GLNCY.US).
According to analysts at Jefferies Financial on Monday, they have made an optimistic market prediction, believing that copper and aluminum prices are expected to rise in the medium term. This expectation is based on the growth of electrification demand, global economic recovery, and limitations on supply. Based on these factors, analysts recommend that investors consider purchasing stocks of leading producers in the copper and aluminum industries, particularly recommending Alcoa (AA.US) and Glencore (GLNCY.US). The investment bank is cautiously optimistic about mineral product prices in the second half of this year and plans to rely on the Purchasing Managers Index (PMI) for global manufacturing to make projections.
Aluminum oxide prices have risen to a two-year high, and China's aluminum oxide industry is actively increasing production.
Aluminum oxide prices reached $510 per ton, hitting a two-year high. The price increase has stimulated aluminum oxide production in China, with new projects in Shandong, Chongqing, Inner Mongolia, and Guangxi to be put into operation in the second half of this year. Chinese aluminum oxide producers are increasing production to seize this opportunity of high stock prices.
Copper, Aluminum Producers Look Attractive Amid Rising Prices
0912 GMT - Copper and aluminum prices are likely to increase over the medium term on rising demand from electrification, a growing global economy and supply constraints, Jefferies says. "Our call is t
Mined Commodity Markets Tipped for 2H Turnaround -- Market Talk
Jefferies analysts are cautiously optimistic about the 2H outlook for mined commodity prices and say they'll be crunching numbers including global manufacturing PMIs and property market data ahead to determine if demand is recovering from its 2Q soft patch.
Express News | Alcoa Corp : Jefferies Raises Target Price to $55 From $48
Alcoa Insider Lowered Holding By 36% During Last Year
Viewing insider transactions for Alcoa Corporation's (NYSE:AA ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation t
Implied Volatility Surging for Alcoa (AA) Stock Options
Aluminum Market to Reach $285.4 Billion, Globally, by 2033 at 5.9% CAGR: Allied Market Research
The aluminum market is experiencing significant growth driven by the expansion of the transport sector and a surge in demand from the construction industry.
B. Riley Raises Price Target on Alcoa to $39 From $31, Keeps Neutral Rating
Alcoa (AA) has an average investment rating of hold among analysts polled by Capital IQ, with price targets ranging from $25 to $52. Price: 39.48, Change: -0.22, Percent Change: -0.55
The plummeting cobalt price has led to hedge funds buying in at a low price, creating a good opportunity for arbitrage in the futures market.
Some hedge funds establish cobalt positions by purchasing physical materials in order to seize trading opportunities brought about by a sharp drop in spot prices and increased liquidity in the futures market.
Alcoa Trumpets GHG Technology
Express News | Alcoa Announces Progress On ELYSIS Technology With Rio Tinto's Plans To Launch First Industrial-Scale Demonstration, Eliminating All Greenhouse Gas Emissions From Smelting Process And Producing Oxygen As Byproduct
Express News | Alcoa Announces Agreement on Industrial-Scale Demonstration of Elysis™ Carbon-Free Smelting Technology
Alcoa Is Maintained at Neutral by B of A Securities
Alcoa Is Maintained at Neutral by B of A Securities
Gain Rotation Out of Semis Is Feeding Into Other Parts of the Market - Argus
Are Industrial Products Stocks Lagging Alcoa (AA) This Year?
BofA Securities Maintains Alcoa(AA.US) With Hold Rating, Raises Target Price to $46
BofA Securities analyst Lawson Winder maintains $Alcoa(AA.US)$ with a hold rating, and adjusts the target price from $40 to $46.According to TipRanks data, the analyst has a success rate of 49.0% and
Alcoa Schedules Second Quarter 2024 Earnings Release and Conference Call
Alcoa Corporation (NYSE:AA) plans to announce its second quarter 2024 financial results on Wednesday, July 17, 2024, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to