Alcoa (AA) Trades Higher Into Q213 Report
Tweet
Share
E-mailGet Alerts AA Hot Sheet
Price: $49.80 -3.38%
Financial Fact:
Provision for depreciation, depletion, and amortization: 316M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Provision for depreciation, depletion, and amortization: 316M
Today's EPS Names:
EDXC, BICX, FBPI, More
Join SI Premium – FREE
Alcoa (NYSE: AA) is up in higher-volume trading Monday as the aluminum giant looks to kick off (unofficially) second-quarter 2013 earnings season.
Last week, it was noted that EPS growth at Alcoa could be 50 percent or more, though revenue is expected to be flat.
Since at least 2011, however, the influence of Alcoa has waned. From 2002 through 2010, the S&P 500 generally rose 2.5 percent when Alcoa beat and less when it didn't. Since 2011, the S&P 500 has gained 3 percent even on an Alcoa miss.
Short interest on Alcoa into results is 93.29 million shares, or 8.7 percent of total outstanding common. Money flow is positive $1.73 million, with an uptick-to-downtick ratio at 1.25 times.
Shares of Alcoa are up 0.9 percent.
Last week, it was noted that EPS growth at Alcoa could be 50 percent or more, though revenue is expected to be flat.
Since at least 2011, however, the influence of Alcoa has waned. From 2002 through 2010, the S&P 500 generally rose 2.5 percent when Alcoa beat and less when it didn't. Since 2011, the S&P 500 has gained 3 percent even on an Alcoa miss.
Short interest on Alcoa into results is 93.29 million shares, or 8.7 percent of total outstanding common. Money flow is positive $1.73 million, with an uptick-to-downtick ratio at 1.25 times.
Shares of Alcoa are up 0.9 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Etsy upgraded to buy at BofA on durable growth, buyback potential
- SentinelOne Inc (S) PT Raised to $26 at Cantor Fitzgerald Following Strong Q2 Checks
- 'We expect salesforce.com (CRM) to capture a meaningful share of next-gen agentic workflows': Cantor
Create E-mail Alert Related Categories
Earnings, Trader TalkRelated Entities
Standard & Poor's, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
