Browsing all articles tagged with alcoa inc
Apr
21

The market review for April 21

Bidding on the U.S. stock market on Tuesday, April 20, began on an optimistic note. An important macroeconomic statistics have been issued, and investors focused on the financial results of leading companies. A report on Tuesday was quite a lot and almost all of them were strong. Support was also provided by the grown due to reports of some restoration of activity airlines oil prices. Against this backdrop, the U.S. stock market was able to continue the initiated before the rebound up and practically fully regain the loss last Friday.

As a result of trading on April 20 the Dow Jones index rose by 25.01 points (0.23%) – up to 11,117.06 points, NASDAQ – by 20,2 points (0.81%) – up to 2,500.31 points, S & P – by 9.65 points (0.81%) – up to 1,207.17 points.

Net profit of one of the largest financial corporations in the U.S. Goldman Sachs Group Inc. In I quarter 2009-2010 financial year, which ended March 31 increased by 2 times and amounted to 3.3 billion dollars or 5.59 dollars per share, which was above market expectations (4.14 dollars per share). Not bad reported and the oldest U.S. bank to The Bank of New York Mellon Corp., Net profit is in the I quarter of 2010. increased by 73,6% – to 559 million dollars (49 cents per share) against 322 million dollars during the same period a year earlier. Net interest income of Bank of New York Mellon fell by 1,3% – to 765 million dollars, however, these two branches of the bank were outsiders in the auction on April 20: Goldman Sachs has lost 2,09% of the capitalization, and The Bank of New York added only 0,03%. Other representatives of the banking sector were in demand: Paper JPMorgan Chase & Co. went up by 1,08%, Bank of America Corp. – On 1,2%, Wells Fargo & Co. – On 2,03%, Citigroup Inc. – On 1,84%, US Bancorp – on 2,17%, PNC Financial Services Group Inc. – On 2,24%.
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Author nyse    Category Blog    
Apr
15

The market review for April 15

On Wednesday, April 14, trades on the American stock market began rising prices. Optimism for the most part was based on reports of strong semiconductor manufacturer Intel Corp. and one of the largest U.S. bank JPMorgan Chase & Co. After Alcoa Inc.failed to meet expectations on the eve of Experts on the part of the proceeds, the players began to doubt the success of the new season statements, but Intel and JPMorgan managed to dispel them. Published macroeconomic statistics were also quite good:Consumer prices in March rose in line with expectations at 0.1%, and increase the volume of retail sales for March exceeded projections by 0,4 percentage points Magnitude of changes in the last figure (1.6% in March) shows growth in consumption necessary for economic recovery.The tendency of people to savings falls, indicating that expectations of improving macroeconomic environment in the medium-term future.
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Author nyse    Category Market    
Apr
14

The market review for April 14

Bidding on the U.S. stock market on Tuesday, April 13, begin to reverse the quotes.Online stock market session set the record does not justify the hopes of aluminum giant Alcoa Inc., Published after the closing of the previous bidding and led to a fall on Wednesday the Dow Jones below taken on the eve of the level of 11000 points.Prior to the session, a report by the Ministry of trade of the country (United States Department of Commerce) on the U.S. trade deficit in February 2010. That the trade deficit has grown over the revised value for January 2010. and amounted to 39.7 billion dollarsAnalysts expected the indicator to 39 billion dollars is believed that the growth of the trade deficit is a positive for the economy, since an increase in imports brought about by increased consumption.In addition, it became known that the prices of imported goods and services in March 2010. grew only by 0,7% compared to the previous month, moreover, that analysts expected to increase by 0,9% on a monthly basis.The pessimism of market participants exhausted within an hour, and major stock market indices were able to return to levels close on Monday, where he spent most of the rest before closing time.

As a result of trading on April 13 the Dow Jones index rose by 13.45 points (0.12%) – up to 11,019.42 points, NASDAQ rose by 8.12 points (0.33%) – up to 2,465.99 points, S &P added 0.82 points (0.07%) and amounted to 1,197.30 points.

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Author nyse    Category Market    
Apr
13

The market review for April 13

Trading on the U.S. stock market on Monday, April 12, began rising through a number of indices of positive corporate news and a weakening of the pressure the Greek factor.16 ministers of the euro area have agreed to provide in the current year credit of Greece in the amount of 30 billion euros and 10 billion euros will be allocated to the IMF. In addition, it was decided that in case of a loan Greece will pay for it for about 5% per annum.The Minister of Finance of Greece Georgios PAPACONSTANTINOU stated that the purpose of Athens today is to continue borrowing from external markets without activation mechanism of financial assistance from the European Union.That is, Greece demonstrates the confidence of their forces, but from the insurance does not refuse. Bidders such a disposition of things more than arranged, and on Monday the long-awaited overcome the Dow Jones psychologically important resistance level of 11000 points.

As a result of trading on April 12 the Dow Jones index rose by 8.62 points (0.08%) – up to 11,005.97 points, NASDAQ rose by 3.82 points (0.16%) – up to 2,457.87 points, S & P added 2.11 points (0.18%) and amounted to 1,196.48 points.
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Author nyse    Category Market    
Jan
13

The market review for January 13

Stock trades in the United States ended on Tuesday, January 12, the decline in the leading index on the background of disappointing corporate news. In addition, investors without much enthusiasm by the report on China’s central bank increased reserve requirements for banks by 0.5 percentage points – Up to 15%, which limits the possibility of monetary growth.

Not live up to expectations in the financial report of the largest U.S. aluminum producer Alcoa Inc. Reported net loss for the Alcoa 2009. amounted to 1.15 billion dollars compared with 74 million dollars for 2008. In IV quarter of 2009. net losses reached 277 million dollars (0.28 dollars per share). The experts predicted that the company is up to the last year will make a profit. Publication of statements led to the fall of quotations Alcoa’s 11.1%. In the red zone ended the day and for other steel companies, including copper producer Freeport-McMoRan Copper & Gold Inc. (-3.8%) And gold mining company Barrick Gold (-3,2%). The financial sector also had the session fails. As a result of trading shares of banks Bank of America and Goldman Sachs Group Inc. fell 3,4% and 2,2% respectively.
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Author nyse    Category Blog    
Jan
12

The market review for January 12

Stock trades in the U.S. on January 11 2010. ended differently directed changes in the leading indicators of exchange against the backdrop of the increased cost of industrial metals. Driver of growth in metals prices and the stock price of industrial companies was positive statistics from China. Exports of China in December 2009. increased by 17,7% compared with December 2008., reported the Chinese Customs. Analysts did not expect such impressive growth. The volume of Chinese exports in December 2009. first 14 months exceeded the levels a year ago.

Quotations Copper futures on the COMEX rose on January 11 this year at 1.2%: The contract price for delivery in March amounted to 3,441 thousand dollars per pound. Based on data from China’s customs administration, import of copper and copper products in China in December 2009. increased by 27% by November and by 29% by December 2008. Against this backdrop, shares traded in positive territory’s largest industrial companies in the U.S.. For example, shares of the manufacturer of road and construction equipment Caterpillar Inc. risen for the session at 6,3%, the manufacturer of engines and materials Honeywell International Inc. – By 1,3%. Paper company Deere & Co., Producing agricultural machinery and construction equipment, added up to the auction of 4%.
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Author nyse    Category Market    
Dec
22

The market review for December, 22st

MARKET 11Stock trades in the United States were closed on December 21 the growth of leading indexes. Amid rising prices for metals up to the bidding companies’ shares have risen in price considerably mining sector. In particular, securities mededobyvayuschey company Freeport McMoRan was added to the price of 1,9%, while shares of the largest U.S. aluminum producer Alcoa Inc. increased in price by 7,9%. Growth of value of shares Alcoa also helped him improve on the recommendations of analysts from Morgan Stanley to “above market”. At 6.3% in trading shares have risen in price one of the largest U.S. steel companies US Steel Corp.

Amid increasing recommendations by analysts and shares have risen in price the world’s largest manufacturer of chips for PCs Intel Corp. (+2.3%). 5,6% and 3,5% respectively on the basis of tendering shares have risen in price of fertilizer producers Mosaic Co. and Potash Corp., as analysts at Goldman Sachs raised recommendations on them with regard to higher prices for fertilizers. At the 9% increase quotation third largest in the U.S. construction equipment manufacturer Terex Corp., Since the company’s management announced a deal to sell its mining division of the company Bucyrus International Inc. for 1.3 billion dollars

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Author nyse    Category Market    
Dec
10

The market review for December, 10st

MARKET 10Stock trading on U.S. trading floors were closed on December 9 2009. growth of aggregate indicators for the first time in three days on a weaker dollar, which played into the hands of the shares of mining companies. The index value of the dollar to six other major currencies (USD Index) fell on the eve of 0,3%, interrupting the positive dynamics of the preceding days. Another factor that supported the stock quotes, became positive data on the growth stocks in the United States. The volume of stock in the warehouses of wholesale trade in the United States in October 2009. compared with the previous month unexpectedly rose by 0,3%, said on the eve of the U.S. Ministry of Trade. Growth stock, marked the first time in 14 months, could indicate optimism among U.S. wholesalers, beginners, finally, again to replenish their stocks.

Among blue chips in the plus-up shares were trading aluminum company Alcoa Inc. (1.63%), oil Chevron Corp. (+0.4%) And industrial corporations generalist 3M Co. (3.41%). Securities analysts 3M helped Citigroup, raised their recommendations on them to “hold” to “buy”. As leaders of growth were also shares of pharmaceutical company Pfizer (+2,7%) and paper personal computer manufacturer Hewlett-Packard (+2,06%).
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Author nyse    Category Market    
Dec
2

The market review for December, 3st

Market 7Stock trades in the U.S. on December 1 2009. shut down the growth of leading indexes. Investor sentiment during the trading session was mainly defined by the macroeconomic news. In particular, the optimism had received data on the manufacturing sector in China: an index of purchasing managers in manufacturing industry in the country, calculated by the bank HSBC, rose in November to 0.3 points – to 55.7 points. Restoring China’s economy may become a stimulus for economic recovery in the world at large.

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Author nyse    Category Blog