Alcoa Earnings - US Stocks Market Review

Tuesday, January 11, 2011

Alcoa’s outlook for 2011 will be based on whether the company continues to see higher aluminum prices, greater global demand, and declining metal exchange inventories.

European stocks fell on Monday as investors remained cautious ahead of U.S. aluminum giant Alcoa’s earnings, and persisting concerns over the euro zone debt crisis weighed on sentiment. Beside AT&T's stock dropped 1.8 percent. The Dow Jones industrial average dipped 37 points, or 0.3 percent, to close at 11,637. The S&P 500 lost 2, or 0.1 percent, to 1,269. The Nasdaq composite gained 4, or 0.2 percent, to 2,707.
Alcoa earnings will come after the bell Monday. Alcoa has a target of 19 cents a share, a significant improvement over last year’s quarterly loss. It has taken AA stock over a year’s time to climb back to the $17 range where it traded at the beginning of 2010 before a swoon of -21% in January of last year. With a strong earnings report Alcoa could break through its 52-week high of $17.60.
There is Competitors of aluminum company : Century Aluminum Company (NASDAQ:CENX), Alumina Limited (NYSE:AWC), Kaiser Aluminum Corp. (NASDAQ:KALU), Noranda Aluminum Holding Corporation (NYSE:NOR), and Aluminum Corp. of China (NYSE:ACH).

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