Moon Kil Woong
Moon Kil Woong
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As Goes Alcoa, So Goes the S&P 500 Index [View article]
"Alcoa's first-quarter net income was $308 million, or 27 cents a share, compared with a net loss of $201 million, or 20 cents a share, in the year-ago quarter.
Sales increased to $5.96 billion from $4.89 billion a year ago. That fell short of expectations from analysts, who expected sales of $6.16 billion, according to FactSet. Excluding special items, Alcoa earned 28 cents per share. That beat analysts' forecasts by a penny.
Alcoa's year-over-year sales rose 20 percent in the aerospace industry, 45 percent in packaging, 37 percent in commercial transportation, 26 percent in building and construction, and 5 percent in automotive."
Is Alcoa the First Sign of 'Sell the News' This Earnings Season? [View article]
Alcoa: Reports In-Line, But Misses Revenue Estimates [View article]
They will keep bumping up numbers until they miss in droves. When they do you will be too late and the next recession will be upon you (a few months ago and after the stock market is down over 25% I'd guess). I don't think that time is upon us yet, so I expect decent earnings from a synthetic government stimulated market yet again.