July 8, 2013: U.S. equity markets opened higher this morning following a long holiday weekend interrupted by Friday’s report on jobs and the unemployment rate. In Europe, the troika of the EC,…
ThinkstockFrom those from whom not much is expected, not much is likely to be delivered. The consensus estimate for second-quarter earnings from Alcoa Inc. (NYSE: AA) have dropped about 60% in the…
Paul Ausick July 3, 2013: U.S. equity markets opened lower this morning anticipating a blizzard of economic data out of the U.S. Mortgage purchase applications were first out, and down sharply from a week…
ThinkstockThe Dow Jones Industrial Average is still technically in a bull market with gains of 13.7% so far in 2013. Despite a rough market in June, the DJIA is up so far…
ThinkstockTwo U.S. aluminum smelters, two more in Spain, and one in Italy have already been shut down by Alcoa Inc. (NYSE: AA) as the aluminum fabricator and miner tries to come to…
Paul Ausick ThinkstockAlcoa Inc. (NYSE: AA) has just lost its investment grade corporate credit rating after a downgrade from Moody’s. The aluminum giant and DJIA component is now a junk bond rating as its unsecured credit…
Jon C. Ogg ThinkstockAlcoa Inc. (NYSE: AA) remains a top stock to watch for US investors because the company has managed to hold on to its DJIA component status, and because it is the first…
Jon C. Ogg Jon OggThe first-quarter earnings season is peaking this week, as far as the number of companies on a normal calendar. Corporate earnings have been weaker than expected in a manner of sorts,…
ThinkstockAlcoa Inc. (NYSE: AA) remains pressured to build up its earnings in a very difficult environment. Now the company has announced that it will “review 460,000 metric tons of smelting capacity over…
Jon C. Ogg Jon OggStocks have enjoyed a serious bull market, and we still have the S&P 500 Index and the Dow Jones Industrial Average both up by double digits so far in 2013. As…
ThinkstockIt was just at the end of last week that we gave a pre-earnings update for Caterpillar Inc. (NYSE: CAT) in our DJIA earnings season scorecard, warning that the market was expecting…
Jon OggThe bull market had no economic announcements to propel stocks on Friday. Most earnings reports in the past 48 hours from Dow Jones Industrial Average companies have been lackluster, but investors…
U.S. equity markets opened a bit higher this morning following a middling earnings report from Alcoa Inc. (NYSE: AA) last night (more coverage here). Economic data was minimal in the U.S., but…
ThinkstockAlcoa Inc. (NYSE: AA) is an overrated stock, and even the company itself might admit that its global importance is perhaps a bit of a stretch. Wall St. tries each quarter to…
Jon C. Ogg courtesy of YouTubeJ.C. Penney Co. Inc.’s (NYSE: JCP) board faces criticism for firing CEO Ron Johnson and replacing him with the predecessor who cause some of the retailer’s problems. (Reuters) Ford Motor…
