Posts for Ticker ‘XME’

Alcoa Able To Sell Less-Bad As Good (AA)

Money Stack ImageAlcoa Inc. (NYSE: AA) posted a narrower-than-expected loss of -$0.26 EPS on a non-GAAP basis and -$0.32 EPS from continuing operations.  Revenues were down sharply to $4.24 billion (from $7.62 billion a year ago), but also narrower-than- expected.  Thomson Reuters had estimates at -$0.38 EPS and $3.93 billion. The company generated cash from operations in the second quarter of 2009 of $328 million, an improvement of $599 million from the first quarter.

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Posted on: July 8, 2009 – 3:30 pm in Earnings, Metals, ,

Further Evidence That Alcoa Has Low Correlation To Earnings Season Trends (AA, SPY, XME)

Alcoa, Inc. (NYSE: AA) is one of the first stocks that kicks off earnings season every quarter.  Today is its actual earnings report after the closing bell.  What is interesting is that traders try to use this stock as a bogey for measuring earnings trends for the market as a whole and as well for the metals and mining sectors.  We have always held that because the company has had so many problems that everything might be coincidental rather than correlated. We wanted to compare this to the S&P 500 measured by the corresponding performance of the SPDRs (NYSE: SPY). The SPDR S&P Metals & Mining (NYSE: XME) ETF is what we use to track broader metals as a whole and it has Alcoa as a 3%+ component. While the recent earnings seasons and markets have been extremely volatile, we ran trends going back for 8 of the last earnings seasons comparing Alcoa to the SPYDERS and to the XME ETF.
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Posted on: July 8, 2009 – 11:10 am in ETF, Earnings, Index, Metals, , ,

ETF Winners & Losers (June 11, 2007)

Stock Tickers: DBB, XES, GAF, RYU, DBA, EWZ, GML, URE, XME, XHB, TLO, ICF, EWL, EWY

DJIA                13,424.96; -0.57 (0.00%)
S&P500          1,509.12; -1.45 (0.10%)
NASDAQ         2,572.15; -1.39 (0.05%)
10-Yr Bond     5.137%; +0.019%
NYSE Volume          2,485,616,000
NASDAQ Volume    1,677,733,000    

WINNERS

PowerShares DB Base Metals (DBB) 2.34%
SPDR S&P Oil & Gas Equipment & Services (XES) +2.5%
PowerShares DB Commodity Index Tracking Fund    +1.80%
SPDR S&P Emerging Middle East & Africa (GAF)    +1.76%
Rydex S&P Equal Weight Utilities (RYU)    +1.73%
PowerShares DB Agriculture (DBA) +1.70%
iShares MSCI Brazil Index (EWZ) +1.68%
SPDR S&P Emerging Latin America (GML) +1.65%

LOSERS

Ultra Real Estate ProShares (URE) (-2.89%)
SPDR S&P Metals & Mining (XME)    (-2.14%)
SPDR S&P Homebuilders (XHB) (-1.95%)
StateStreet Trust LEHMAN L-T Treasury (TLO) (-1.82%) 
iShares Cohen & Steers Realty Majors (ICF) (-1.70%)
iShares MSCI Switzerland Index (EWL) (-1.06%)
iShares MSCI South Korea Index (EWY) (-0.95%)

Jon C. Ogg
June 11, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 11, 2007 – 3:47 pm in ETF, , , , , , , , , , , , , ,