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Tom Armistead

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  • Alcoa: A Poor Start to Q4 Earnings Season [View article]
    There was too much focus on missing earnings expectations and too little focus on the top line, which increased, and on the outlook, which featured 10% growth next year, to include 5% not counting China.

    The last few quarters pundits complained endlessly that although companies hsowed a profit top lines were shrinking. So AA says they will increase the top line and now earnings are the hangup.

    This report from AA is encouraging: the market's response is puzzling. I would not make a call on future market direction based on this information.
    Jan 12 01:10 PM | 1 Like Like |Link to Comment
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