Alcoa, Inc. AA Stock Analysis 2010

The following is Technical Analysis on Alcoa, Inc. (AA) stock for January 6, 2010

Alcoa, Inc. (AA) Support & Resistance Levels - 1/6/10

Resistance Levels - $16.89

Support Levels - $15, $13.86

Chart - http://stockcharts.com

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Alcoa, Inc. (AA) had a nasty reversal Monday after testing the 52 week high at $16.89. This is usually a sign of a short term stock and with earnings due out next week, things could get very volatile. I like Alcoa as long as it remains above the 10 day moving average on a closing basis. I would be a buyer of a pullback to the 50 day moving average around $14.

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Alcoa, Inc. AA Stock Technical Analysis

The following is Technical Analysis on Alcoa, Inc. (AA) stock for October 8, 2009

Alcoa, Inc. (AA) Support & Resistance Levels - 10/8/09

Resistance Levels - $15.86, $18.86

Support Levels - $14.84, $14

Chart - http://stockcharts.com

Discuss Stocks - www.stockstobuy.org

Alcoa, Inc. (AA) is trading at $15.10 in pre market today. Support is located at the Sept 2009 high of $14.84 as well as the $14 level.

Resistance is located at $15.86 which was the Oct, 9 2008 high. If Alcoa can close above this level, there is no major resistance until the upper $18's - $21 per share. For More Technical Analysis - Go Here

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Alcoa AA Stock Earnings July 8 2009 7/8/09

Today, July 8 - 2009, Alcoa Inc. ( AA ) will be reporting earnings ( or lack there of ) due out after the bell at 4pm.

Earnings Expected out of Alcoa - 7/8/09


Earnings - (-0.38)EPS - Estimate Range - (-0.24) - (-0.68)EPS

Revenue - 3.93 Billion - Estimate Range - 3.59 Billion - 4.11 Billion

Alcoa officially kicks off the new earnings season tonight and should have a big impact of the overall stock market.

I will post the numbers below when they are released!

4:00pm EST - Alcoa ( AA ) Stock Halted - Pending Earnings Release

4:15pm EST - Alcoa ( AA ) Earnings - Revenue 4.24 Billion - (-.26 )EPS better then expected - Aluminum prices up 9% since 1st quarter which helped earnings.
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Stock Market News March 17, 2009 3/17/09

The following is a summary of the top stock market news moving the market in today's trading action. I will highlight events that could potentially move the stock market in the next day or two and report things that I am watching.


Stock Market Report - 3.17.09

Building Permits: This morning we got building permits data that was a bit better then expected. Building permits, which are less volatile than the housing starts data, rose 3% in February to a 547,000 annual rate. Permits for single-family units rose 11% to a 373,000 rate, the largest percentage gain in 18 years. So this news was good news this morning.

Aloca ( AA ) - $5.56 Down 9.17% - Alcoa (NYSE:AA) announced today a series of operational and financial actions to significantly improve the Company’s cost structure and liquidity. The operational actions will reduce costs by more than $2.4 billion annually, reduce capital expenditures an additional $1.0 billion in 2010, and improve working capital by $800 million in 2009. The Company is reducing the quarterly common stock dividend from $0.17 to $0.03 per share, saving more than $400 million annually, and launching a public offering of common stock and convertible notes planned to yield proceeds of approximately $1.1 billion

Oil Prices - $48.38 - Oil going up toward resistance at $50.50 - If Oil starts trading above $50 for a few days, you could see a quick move toward $60. This would actually be good for the stock market as oil prices take the temperature of the economy.

Dow Jones 30 Leaders - Wal Mart ( WMT ), ExxonMobile ( XOM ), Home Depot ( HD ), Citigroup ( C ). XOM - Exxon Mobil to build tech center in Shanghai - HD - Home Depot up on the good housing data above.

General Electric ( GE ) - $9.77 Up 1.14% - GE Transportation Signs 47 Million Agreement with Trenitalia

Fed Meeting - Two day Fed meeting starts today, we will get a Fed statement out tomorrow afternoon at 2:15pm Est. This could be a market mover.

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Alcoa AA Earnings 1/12/09 - January 12, 2009

Tonight, 1/12/09, Alcoa AA kicks off earnings season for 2009. Analysts predict that Alcoa ( AA ) will report their first loss in nearly six years.

Alcoa is the world's #3 producer of Aluminum and their expected loss is due to the fact that Aluminum prices were slashed in half since the summer of 2008.

Today, AA stock is trading at $10.11, down 6.5% - Analysts expect Alcoa to report 5.4 billion in revenue with a loss per share of .04 cents. Since this stock has been crushed over the past six months, any surprise to the upside could really make this stock pop higher.

I will post the numbers tonight when they come out - right here

Alcoa Revenue - 5.70 Billion
Alcoa EPS - (-.28 )EPS without charges
Stock Price After Earnings - Halted

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Alcoa AA Earnings Preview 10/07/08

Tonight Alcoa steps up to the plate to kick off earnings season and will it be a volatile one!

Alcoa ( AA ) is expected to report earnings of .53 per share...a number that has been cut by analysts by 20% in the past several weeks.

I use Alcoa as an overall gauge of our economy. The earnings outlook for stocks in the US is very bleak all of a sudden. A nice number from Alcoa AA tonight could go a long way in stating there is to much pessimism in the markets right now.

For more earnings - view our calendar - http://blackberrystocks.com