Featured MNV Articles:
|Noteworthy Thursday Option Activity: TPX, AA, CBRL
Thursday, October 18, 3:18 PM ET, by Market News Video Staff
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
AA December 7th Options Begin Trading
Thursday, October 25, 11:37 AM ET, by Market News Video Staff
Investors in Alcoa Corporation (AA) saw new options begin trading today, for the December 7th ...
We Did The Math EQWM Can Go To $57
Thursday, November 15, 7:34 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
AA February 2019 Options Begin Trading
Friday, November 16, 10:45 AM ET, by Market News Video Staff
Investors in Alcoa Corporation (AA) saw new options become available today, for the February 2019 ...
First Week of AA July 2019 Options Trading
Tuesday, November 20, 11:03 AM ET, by Market News Video Staff
Investors in Alcoa Corporation (AA) saw new options become available this week, for the July ...
Analyst Favorites: Alcoa Ranks As a Top Metals Pick
By Metals Channel Staff, Tuesday, December 18, 12:14 PM ET
A study of analyst recommendations at the major brokerages shows that Alcoa Corporation (NYSE:AA) is the #9 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.
In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise.
From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.
AA operates in the Metals Fabrication & Products sector, among companies like Ball Corp (BLL) which is up about 0.7% today, and Crown Holdings Inc (CCK) trading lower by about 0.2%. Below is a three month price history chart comparing the stock performance of AA, versus BLL and CCK.
AA is currently trading up about 0.1% midday Tuesday.
This Article's Word Cloud: