Jim Cramer Bullish on Alcoa (AA) Ahead of Earnings
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Alcoa Inc. (NYSE: AA) is set to unofficially kick off earnings season Monday after the closing bell, and polarizing Wall Street personality Jim Cramer says everything is going right for the company.
Cramer sees demand accelerating for aluminum, as the metal is being used more in cars, fasteners, turbines and electronics like the Apple Inc. (NASDAQ: AAPL) iPad.
The host of CNBC's Mad Money also said that Alcoa should be bought, as he focuses on how dirt cheap the stock is right now.
Shares of Alcoa are up 16 cents to $18.08 in premarket trade on Monday.
Cramer sees demand accelerating for aluminum, as the metal is being used more in cars, fasteners, turbines and electronics like the Apple Inc. (NASDAQ: AAPL) iPad.
The host of CNBC's Mad Money also said that Alcoa should be bought, as he focuses on how dirt cheap the stock is right now.
Shares of Alcoa are up 16 cents to $18.08 in premarket trade on Monday.
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