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Stock Market & Financial Investment News

News Breaks
January 8, 2013
15:39 EDTAAAlcoa: Technical conditions ahead of earnings
The shares are trading just above the midpoint of the six-month range ahead of earnings, last trading at $9.14. If the news is positive with good guidance, the first big upside objective would be at the September pivot high at $9.93. There is a substantial resistance layer above this area at the $10.20 level and then at the $10.60 area. The latter could be reached on an exceptionally positive report. If the news and outlook are poor, first support would be at $8.87, the 10-day moving average. There is support below this area at the $8.40 area. The lows of the last six months at the $8 area could be reached on an extreme price reaction to any major disappointment. The stock has been in a strong downtrend for over 18 months with basing attempts at the $8 area in the past year. That could be a positive for the shares if news supports an up move from current levels. It would take a breakout above $11 to substantially reverse the longer-term downtrend.
News For AA From The Last 14 Days
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October 1, 2014
08:17 EDTAAMorgan Stanley is bullish on U.S. aluminum
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September 30, 2014
13:56 EDTAAAlcoa October volatility increases into Q3 and outlook
Alcoa October call option implied volatility is at 34, November is at 31, December is at 29, January and April is at 29; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q3 results in early October 8.
10:02 EDTAAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMAG Pharmaceuticals (AMAG) upgraded to Outperform at FBR Capital... Addus HomeCare (ADUS) upgraded to Outperform from Perform at Oppenheimer... Alcoa (AA) upgraded at BofA/Merrill... Ashford Hospitality Prime (AHP) upgraded to Outperform from at FBR Capital... Associated British Foods (ASBFY) upgraded to Outperform from Neutral at Credit Suisse... CSC (CSC) upgraded at Raymond James... Century Aluminum (CENX) upgraded to Buy from Neutral at BofA/Merrill... Dominion Diamond (DDC) upgraded to Overweight from Equal Weight at Barclays... Flagstar Bancorp (FBC) upgraded to Neutral from Sell at BTIG... Freeport McMoRan (FCX) upgraded to Buy from Neutral at BofA/Merrill... Hudbay Minerals (HBM) upgraded to Buy from Neutral at BofA/Merrill... ICU Medical (ICUI) upgraded at Raymond James... Lockheed Martin (LMT) upgraded at Stifel... Mellanox (MLNX) upgraded to Overweight from Neutral at Piper Jaffray... NiSource (NI) upgraded to Outperform from Neutral at Credit Suisse... Northwest Bancshares (NWBI) upgraded to Outperform at Boenning & Scattergood... NuVasive (NUVA) upgraded to Buy from Hold at Brean Capital... Patterson-UTI Energy (PTEN) upgraded to Equal Weight at Morgan Stanley... Raytheon (RTN) upgraded at Stifel... Royal Dutch Shell (RDS.A) upgraded to Outperform from Market Perform at Bernstein... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... TIBCO (TIBX) upgraded to Equal Weight from Underweight at Barclays... Taseko Mines (TGB) upgraded to Neutral from Underperform at BofA/Merrill... Teekay (TK) upgraded to Buy from Hold at Deutsche Bank... Toyota (TM) upgraded to Overweight from Neutral at JPMorgan.
07:39 EDTAAAlcoa upgraded at BofA/Merrill
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06:16 EDTAAAlcoa upgraded to Buy from Neutral at BofA/Merrill
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September 25, 2014
14:58 EDTAAAlcoa October volatility elevated into Q3 and outlook
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06:58 EDTAAAlcoa estimates raised ahead of earning on higher aluminum prices at Stifel
Stifel raised Alcoa's Q3 EPS estimate to 24c from 20c, vs. consensus of 20c, 2014 EPS to 70c from 67c, vs. consensus of 64c, and 2015 EPS to $1.25 from $1.05, vs. consensus of 87c, reflecting higher aluminum prices. The firm believes price strength has been due to rising demand and producer discipline. Shares are Buy rated with a $20 price target, up from $17.
September 23, 2014
10:54 EDTAAAlcoa initiated with a Buy at Tigress Financial
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September 22, 2014
12:59 EDTAAToyota to use aluminum for Camry hood, Automotive News says
Toyota Motor (TM) looks set to begin using aluminum instead of steel to build the hood of its widely popular Camry vehicle, according to Automotive News. The change will begin in 2018, the website quoted an unnamed source as saying, Alcoa (AA) mines aluminum. Reference Link

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