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NYA:AA, Jan 22, 04:29 UTC

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Friday, January 17


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Alcoa upgraded at Deutsche Bank ahead of aluminum EBITDA inflection - Alcoa Corporation (NYSE:AA)

AA

Alcoa upgraded at Deutsche Bank ahead of aluminum EBITDA inflection. Jan. 17, 2020 3:34 PMAlcoa Corporation (AA)By: Carl Surran, SA News Editor. Alcoa (AA-0.7%) adds to yesterday's 11% loss that followed a Q4 loss and a global aluminum surplus outlook, despite winning an analyst upgrade to Buy from Hold with a $20.50 price target at Deutsche Bank. Alcoa has struggled to generate cash flow, but the stock "has become interesting on a number of fronts," DB's Chris Terry says, forecasting the company's aluminum segment will inflect from $25M EBITDA in 2019 to more than $500M in 2020. While the company's other segments may well shrink, Alcoa will own a higher percentage of its overall EBITDA as opposed to EBITDA generated from the Alumina and World Chemicals joint venture, Terry adds.

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seekingalpha.com
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Alcoa Stock Extends Selloff Amid Bleak Outlook - LearnBonds.com

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Alcoa (NYSE: AA) stock price lost more than half of its value in the past two years due to industry-related headwinds. AA share price extended the selloff in 2020 amid expectations for increasing aluminum supplies. The company missed revenue and earnings expectations for the fourth quarter by a wide margin. “While Alcoa is taking actions to cut costs and drive productivity, weak aluminum market fundamentals and a lack of free cash flow are concerns.”.

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learnbonds.com
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Thursday, January 16


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Materials Up On Trade-Deal Repercussions, But Alcoa Weakens — Materials Roundup

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Materials Up On Trade-Deal Repercussions, But Alcoa Weakens — Materials Roundup. Producers of metals and other raw materials rose on continued optimism about the growth implications of a trade deal. Alcoa shares slid after the aluminum maker posted a fourth-quarter loss and a surprisingly sharp 27% depletion in sales. Shares of paint maker PPG Industries fell slightly after it warned that sales this year would be hurt by weak industrial demand in the U.S. and Europe, reflecting, in part, the struggles at PPG's customer Boeing.

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morningstar.com
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Morgan Stanley, Signet Jewelers rise; Alcoa, PPG fall

AA SIG +1 more AA SIG MS

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday:. The aluminum producer reported a big fourth-quarter loss and warned that an aluminum surplus is holding down prices. The transportation and logistics company is considering a sale of one or more of its businesses. The investment bank reported a jump in fourth-quarter profits on the strength of its trading desks.

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Mid-Afternoon Market Update: Alcoa Drops On Downbeat Q4 Results; Signet Jewelers Shares Gain

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Toward the end of trading Thursday, the Dow traded up 0.61% to 29209 while the NASDAQ rose 0.74% to 9,327. In trading on Thursday, health care shares rose by just 0.1%. Goldman Sachs reported fourth-quarter investment banking revenue of $7.6 billion, down 7% year-over-year; global markets revenue that was higher by 2% year-over-year; and flat year-over-year asset management revenue. Cemtrex, Inc. (NASDAQ:CETX) shares were also up, gaining 29% to $2.35 after the company authorized a buyback of 2 million shares of common stock and series 1 preferred stock over 3 years.

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Alcoa Drops as $1 Billion Revamp Faces World Awash in Metal

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(Bloomberg) -- Alcoa Corp. shares headed for the biggest decline since mid-2018 after the top U.S. aluminum producer reported a wider-than-expected loss and said it sees global output of the metal outstripping demand this year. The forecast for a surplus adds urgency to the company’s cost-cutting drive after a fourth straight quarterly loss. Aluminum prices have slipped amid trade tensions and a slowdown in manufacturing worldwide, and Alcoa’s forecast suggests further declines may be in store. Alcoa on Wednesday projected global aluminum supply will exceed demand by as much as 1 million metric tons in 2020, fueled by production in China.

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finance.yahoo.com
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Why Shares of Alcoa Are Dropping Today

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Shares of Alcoa (NYSE: AA) traded down more than 10% on Thursday after the aluminum producer reported fourth-quarter results that were worse than expected. Alcoa said it expects a worldwide surplus in aluminum this year, which it says will weigh on results despite the company's efforts to streamline. So what. After markets closed Wednesday, Alcoa reported a fourth-quarter loss of $0.31 per share on revenue of $2.44 billion, falling well short of analyst expectations for a loss of $0.22 per share on revenue of $2.49 billion. Alcoa has a long-term plan to address these difficult market dynamics, including selling upward of $1 billion worth of noncore assets and shifting away from aluminum production and toward higher-margin businesses.

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nasdaq.com fool.com
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Alcoa reports losses from challenging 2019 aluminum market - Recycling Today

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In the fourth quarter of 2019, the company took several actions in alignment with its strategic priorities, including taking the first steps in a multiyear portfolio review and continuing work to strengthen its balance sheet. “In 2019, we acted to further strengthen Alcoa, completing the divestiture of uncompetitive assets, modernizing labor agreements in three countries, implementing a new operating model and making quick progress on the asset review process we announced last quarter,” says Alcoa President and Chief Executive Officer Roy Harvey. Also, our low-cost, top-tier bauxite and alumina segments both set new annual production records based on our current portfolio.”. For 2020, Alcoa projects a global aluminum surplus ranging between 600,000 to 1 million metric tons with global demand growth in a range of 1.4 percent to 2.4 percent. In the aluminum segment, the company expects performance to be flat, as improvements from lower alumina costs are expected to be offset by higher energy costs, lower rolled products shipments and unfavorable price and mix.

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recyclingtoday.com
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Stock Market News: Alcoa Falls on Supply Fears; XPO Soars on Breakup Plans

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Stock Market News: Alcoa Falls on Supply Fears; XPO Soars on Breakup Plans | NASDAQ. Wall Street has been in a good mood in 2020, and the gains kept coming for the stock market on Thursday morning. Alcoa's (NYSE: AA) earnings report pointed to some of the challenges that the aluminum producer is facing, but XPO Logistics (NYSE: XPO) created some excitement as it considers a major strategic shift that could result in the company breaking itself up into multiple parts. Shares of Alcoa dropped 11% Thursday morning after the aluminum producer reported its fourth-quarter financial results. Although the company is no longer the first major enterprise to report its quarterly results each earnings season, many still follow Alcoa as an indicator of how the materials sector is performing.

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nasdaq.com fool.com
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This Morning in Metals: Alcoa releases Q4, 2019 financial results - Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting

AA

Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMinerSourcing & Trading Intelligence for Global Metals Markets. “In 2019, we acted to further strengthen Alcoa, completing the divestiture of uncompetitive assets, modernizing labor agreements in three countries, implementing a new operating model, and making quick progress on the asset review process we announced last quarter,” Alcoa President and CEO Roy Harvey said. “Also, our low-cost, top-tier bauxite and alumina segments both set new annual production records based on our current portfolio.”. For the full-year 2019, Alcoa reported a net loss of $1,125 million and an adjusted net loss of $184 million, compared with profits of $250 million in 2018. According to a report by Toledo’s WTOL, investment at a steel plant in Delta, Ohio, could see to the addition of 100 jobs. North Star BlueScope Steel, owner of the Delta plant, said it would take about two years to complete an additional building at the plant, which they said would bring in new jobs.

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agmetalminer.com
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