- Barrons.com
Alcoa Stock Rises. It Still Isn’t a Buy.
An upgrade doesn’t have to be a Buy recommendation for a stock to move. Shares of Alcoa rose on Monday after Morgan Stanley analyst Carlos De Alba changed his rating on the stock to Hold from Sell. “We now see a more balanced risk-reward for Alcoa given the continued progress on cost-saving measures, reduced uncertainty on the path to resolving bauxite mining issues in Western Australia, and potentially more [Inflation Reduction Act] benefits to come,” wrote De Alba in a Monday report.
- InvestorPlace
A Stealth Rally May Be Brewing in the Base Metals Markets
Hello, Reader. Back in 1957, constructing a “futuristic” all-aluminum house probably sounded like a fantastic idea. By extension, investing in aluminum probably sounded like a good idea as well. But neither one of these opportunities created fortunes.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Minnesota house pictured below was one of 24 “Carefree” homes that the Alcoa Corp. (AA) Alcoa Aluminum Co. commissioned in the late 1950s. To highlight the marvels of aluminum, Alcoa
- InvestorPlace
The 3 Best Steel Stocks to Buy as Biden Talks Tripling Tariffs
Steel stocks have been in focus this week as President Joe Biden has shifted focus to the industry. On April 17, the White House announced plans to enact further tariffs on Chinese-imported steel. In a move intended to safeguard domestic steel and shipbuilding interests from Chinese competitors, Biden is planning to triple the tariffs levied against steel and aluminum imported from China. He recently traveled to Pittsburgh and spoke at the United Steelworkers headquarters, laying out his plans f
