Posts Tagged ‘aa’

CT capital, AA does great business, MSCI muzzled

Thursday, January 13th, 2011

Capital Trust Inc. (NYSE: CT) shares climbed 22.8 percent to $2.32 Thursday afternoon. Volume was 657,552, or nearly six times its full-day volume average. CT is a finance and investment management company focused on the commercial real estate industry.

Alcoa Inc. (NYSE: AA) traded in 57,942,316 shares Thursday, more than doubling its daily average. Prices for AA were down 3.4 percent to $15.69, just days after reporting improved revenue and income figures for fiscal 2010.

MSCI Inc. Class A (NYSE: MSCI) plummeted 9.1 percent Thursday to $36.11. Volume for the stock was 1,538,410 shares or three times its full-day average after the investment analysis and market index company said margin growth may slow down in next few quarters as it increases its capital spending.

FUL fully wonderful, AA busy, LAS in reverse

Wednesday, January 12th, 2011

H.B. Fuller Co. (NYSE: FUL) stock was up 15.1 percent to $23.00 after the adhesives manufacturer projected 2011 profit exceeding the consensus estimate. Volume for the stock was 1,386,133 shares, compared to its daily average of 225,469

Alcoa Inc. (NYSE: AA) traded in 42,082,114 shares Wednesday, besting its daily average of 26,060,100. Prices for AA were flat at $16.24. Wednesday, an analyst at RBC Dominion Securities downgraded the stock to “underperform” from “sector perform.”

Lentuo International Inc. (NYSE: LAS) fell 6 percent Wednesday to $5.76 Volume for the stock was 161,996 shares, surpassing its daily average of 97,159. LAS is the largest non-state-owned automobile retailer in Beijing.

LDK flies, AA solid, FBP flounders

Monday, January 10th, 2011

LDK Solar Co. (NYSE: LDK) shares rose 18.4% to $12.35 Monday. Volume for the stock was 22,705,047 shares, nearly four times its full-day average, after the Chinese solar-power products manufacturer hiked its fourth-quarter sales outlook.

Alcoa Inc. (NYSE: AA) traded in 52,335,644 shares Monday afternoon, more than double its daily average. Prices for AA inched up 0.3 percent to $16.47. Monday, AA reported Income from continuing operations of $258 million, or $0.24 per share, highest since 2008’s third quarter.

First Bancorp (NYSE: FBP) faded 10.4 percent Monday to $4.85. Volume for the stock of 1,179,549 shares more than quadrupled its daily average.

Alcoa, Inc. (AA) – Buzz Stock of the Day

Thursday, October 7th, 2010

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Alcoa, Inc. (NYSE: AA), the largest U.S. aluminum increased its outlook for global aluminum demand as markets appear to be strengthening, sending its shares up more than 3 percent in after-hours trading on Thursday.

Alcoa increased its 2010 global aluminum consumption forecast to 13 percent from 12 percent, and noted growing demand for the metal in the BRIC nations (Brazil, Russia, India, and China), among others.

Alcoa boasted third quarter profit of $61 million, or 6 cents per share, compared with $77 million or 8 cents per share in the same quarter last year, citing a drop in the price of aluminum and a weaker dollar. Revenue in the quarter rose 15 percent to $5.3 billion on higher volumes in aerospace and increased market share in the building and construction market.
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Analysts on average were expecting earnings of 5 cents per share, according to Thomson Reuters I/B/E/S.

Analyst Charles Bradford of Affiliated Research Group in New York, told Reuters that the results were better than expected because of cost reductions. “But the metal’s price was pretty obvious. The fourth-quarter metals price ought to be a fair bit better,” he told the news agency.

“One thing that’s important to note, even though the aluminum price has gone up in the last weeks, you typically have lag time until it hits our bottom line, which is typically two weeks,” Alcoa CEO, Klaus Kleinfeld said in an interview with Maria Bartiromo. “We didn’t get much — actually almost nothing of that increase into the third quarter. You would see that coming through in the fourth quarter.”

Watch the full interview below: