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Benzinga's Bulls & Bears Of The Week: Apple, Alibaba, Spotify, 3M And More
Sunday, May 6, 2018 - 5:49pm | 799Read More...Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included the iPhone maker and a couple of top industrials. Bearish calls included the leading electric car maker and other consumer product outfits. The broader equity markets are still...
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Sarepta, T-Mobile Make Moves After-Hours Following Earnings Results
Wednesday, July 19, 2017 - 6:00pm | 385Read More...We're officially in the doldrums of summer with some of the lowest volatility in over a decade, yet the market continues to hit new record highs. Wednesday's after-hours session saw a host of big names release earnings. T-Mobile US Inc (NASDAQ: TMUS) reported a second-quarter sales beat of...
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London Tower Fire Fallout: Arconic Shares Dive After Company Pulls Panels From Market
Monday, June 26, 2017 - 2:37pm | 325Read More...Shares of Arconic Inc (NYSE: ARNC) plunged 6 percent after the company said it was pulling its facade material — used as cladding for the London high-rise fire that killed at least 79 people earlier this month — off the global market. Arconic, which was spun off from Alcoa Corp (NYSE:...
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Arconic CEO Resigns After 'Unauthorized' Letter To Hedge Fund
Tuesday, April 18, 2017 - 1:20pm | 668Read More...Shares of Arconic Inc (NYSE: ARNC) were trading down Tuesday after an initially positive market reaction to the departure of CEO Klaus Kleinfeld. Kleinfeld resigned Monday after sending an unauthorized letter to activist stakeholder Elliott Management, according to Arconic’s announcement of...
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Top Benzinga Stocks Of The Week: GE, Facebook, Apple And More
Sunday, April 2, 2017 - 1:28pm | 701Read More...Benzinga has featured a look at many investor favorite stocks over the past week. That includes an iconic conglomerate that may be lacking in fundamentals and whether it is too late to board the iPhone makers train. The outlooks for a restructured aluminum company, a social media giant, a growing...
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4 Reasons BMO Upgraded The 'New' Alcoa
Friday, March 31, 2017 - 10:01am | 405Read More...Alcoa Corp (NYSE: AA)'s decision to merge its six different business units into three units to increase efficiency and slash cuts won over another Wall Street analyst. On Friday, BMO Capital Markets' David Gagliano upgraded Alcoa's stock from Market Perform to Outperform with a price...
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A Lot Is Riding On Alcoa's Earnings Call, Bloomberg Says
Monday, October 10, 2016 - 10:56am | 422Read More...Alcoa Inc (NYSE: AA)'s quarterly earnings report marks the unofficial start to earnings season. This time around there is a lot riding on its earnings report, at least according to Bloomberg. Alcoa will report its final earnings report on Tuesday before the 128-year-old company splits into two...
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Big Banks To Kick Off New Earnings Season With Mixed Results?
Sunday, October 9, 2016 - 1:58pm | 841Read More...Three of the big U.S. banks help to kick off a new earnings season this week Wall Street analysts expect to see earnings declines from all three of them. But consensus forecasts also predict marginal top-line growth from two. The third-quarter earnings reporting season is just getting underway...
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Alcoa Offers Further Details On Its Proposed Business Spin
Wednesday, June 29, 2016 - 1:04pm | 239Read More...Shares of Alcoa Inc (NYSE: AA) were trading lower by more than 2 percent on Wednesday after the company provided an update on its proposed spin-off of its business. Alcoa announced back in September 2015 it will split its Value-Add and Upstream businesses into two separate public companies by...
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Did Alcoa Really Beat EPS Consensus Estimates In Q1?
Tuesday, April 12, 2016 - 9:13am | 374Read More...Shares of Alcoa Inc (NYSE: AA) were trading lower by more than 3 percent ahead of Tuesday's opening bell. Alcoa reported its first-quarter results after Monday's market close. The company said that it earned $0.07 per share in the quarter on revenue of $4.95 billion. Wall Street analysts were...
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Pre-Merger Earnings Expectations For Rite Aid, Walgreens And Bed Bath & Beyond
Sunday, April 3, 2016 - 4:39pm | 783Read More...Two merging drug store giants are scheduled to share their latest earnings reports this week. Wall Street consensus forecasts see earnings growth from just one of them. A domestics superstore operator is also on deck this week to post its latest quarterly results. Before the new earnings...
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Alcoa Appoints Three Industry Vets To Board To 'Further Strengthen The Company' In Aerospace And Automotive
Monday, February 1, 2016 - 4:09pm | 291Read More...Alcoa Inc (NYSE: AA) announced on Monday it has appointed three industry executives to its Board of Directors, effective February 5. Alcoa noted it has named Ulrich "Rick" Schmidt, John C. Plant and Sean O. Mahoney to serve on its Board of Directors. The company stated that the three...
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Alcoa Wins Another Major Contract, Investors Shrug Off News
Thursday, January 28, 2016 - 2:37pm | 200Read More...Alcoa Inc (NYSE: AA) announced on Thursday it has won a long-term supply agreement to supply components to Boeing Co (NYSE: BA). Alcoa's stock opened for trading at $7.17 and quickly dipped to an intra-day low of $6.14 before rebounding to the $7.00-level by early afternoon. As part of...
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Looking Back: Why Alcoa's Earnings Beat Spells Trouble For The Global Economy
Thursday, January 28, 2016 - 10:53am | 852Read More...Alcoa Inc (NYSE: AA) kicked off the earnings season by beating expectations, but with a slight $50M miss on $5.3B revenues. The company had a slight hall pass coming into the quarter. In light of collapsing commodity prices, expectations for materials companies like Alcoa are pretty low. Plus,...
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Alcoa Announces New Long-Term $1.5 Billion Contract; Shares Still Lower
Monday, January 11, 2016 - 11:54am | 129Read More...Shares of Alcoa Inc (NYSE: AA) were trading lower by more than 0.50 percent on Monday despite the company confirming a new $1.5 billion long-term contract. Alcoa will provide advanced nickel-based super-alloy, titanium and other components to General Electric Company (NYSE: GE)'s aviation segment...
