It's a shame that earnings season always begins with the report from Alcoa (AA), because it almost always assures that earnings season begins with a disappointment. I expect nothing better this coming Tuesday as Alcoa is primed to deliver a miss as it has for five of its last seven quarters.
Several things have been conspiring against Alcoa's progress over the past several years, and I have followed this aluminum giant and prayed for good news to turn the company around. Alcoa is almost a U.S. monopoly; its only real competition comes from the Aluminum Corporation of China (ACH), which is much more engaged in industrial aluminum and not the advanced applications for aerospace and autos....449 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.