Seeking Alpha

The read-in to Alcoa's (AA) conference call is encouraging, especially for materials stocks,...

The read-in to Alcoa's (AA) conference call is encouraging, especially for materials stocks, says CNBC's Pete Najarian. The CEO talked positively about China, and that's a meaningful change. “All anyone hears is how bad China is. But Klaus Kleinfeld is talking about global demand growth at 7%. That’s pretty phenomenal. That tells us something about the global economy that we haven’t heard over the past month or two." (video)
Comments (20)
  • mike mohr
    , contributor
    Comments (451) | Send Message
     
    What did you expect to say things are bad?
    10 Apr 2012, 08:14 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4054) | Send Message
     
    Global demand growth at 7% in Aluminum is certainly NOT a sign of a global recession. I would say hang on to your oil stocks for now or buy more - energy demand is rising then too. Some more data points like this and I feel better again.
    10 Apr 2012, 08:52 PM Reply Like
  • A Newell
    , contributor
    Comments (481) | Send Message
     
    Buying opportunty! By the middle of July you will be crying to get a chance to buy AA at 10 per share.
    10 Apr 2012, 08:56 PM Reply Like
  • mike mohr
    , contributor
    Comments (451) | Send Message
     
    Yeah right! Then buy as much you can.
    10 Apr 2012, 09:20 PM Reply Like
  • wyostocks
    , contributor
    Comments (7612) | Send Message
     
    Like the same opportunity one had at least 25 times in the past.
    Load up your life savings.
    RIGHT.
    10 Apr 2012, 10:21 PM Reply Like
  • berniespear
    , contributor
    Comments (232) | Send Message
     
    Mike Mohr, must not be any fun to be so depressing all the time.
    10 Apr 2012, 09:23 PM Reply Like
  • d_wise_1
    , contributor
    Comments (16) | Send Message
     
    It has nothing to do with being depressing. It has to do with the Hopeium that the market seems to be on. Europe has SERIOUS problems, and if you really buy this bull about us "decoupling" from them, then I'd like to have some of whatever you're smoking because it's even better than the crack that the market seems to be on!
    10 Apr 2012, 10:11 PM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    We have record amount of auto sales. Are we cooking more at home?
    10 Apr 2012, 10:22 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (215) | Send Message
     
    We're not experiencing record auto sales. Auto sales have been climbing, but mostly due to corporate buyers refreshing their stock; not individual buyers. Good luck putting your life savings into the stock market based on rising auto sales! Forget all the other data that can scare the bageezes out of any relatively smart person, including exponential growth in debt all over the world, stagnating income, 15% U6 unemployment rate, continuing decline in single family home sales and prices, divergence in credit and equity markets (credit markets foretelling a worsening economic outlook), etc. Markets are hooked on trillions in bailout funds and the world economy is barely surviving! Think of the outcome if bailout money comes out of the market or if not what will happen to fiat money and inflation. Stop focusing entirely on past data and do some research and forecasting because the future doesn't look too pretty. And I almost forgot, bush tax cuts expire on 1/1/2013 and all the fiscal drag due to the lack of leadership from the super committee will begin in 2013. If all goes as planned, GDP growth could slow by as much as 3%. It will prob. be less severe but there will be a drag on GDP.
    10 Apr 2012, 10:43 PM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    I guess you have not read my other real post on AA. I don't believe anything that spitted out from AA. This company is no longer giving a true direction of the economy.

     

    "Good luck putting your life savings into the stock market based on rising auto sales!" You are too shallow and think I or many of us will based on this sort of data to sink in our life savings.

     

    You are the one needs to do more research on things and us!

     

    Good Luck with your cute evaluation!
    10 Apr 2012, 11:50 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (215) | Send Message
     
    My apologies realornot. I did come off a little harsh. It just bothers me how some people think all is rosy nowadays. I took out some of the aggression on your post, which I shouldn't have. I just wanted to throw out data and facts that people seem to dismiss.
    11 Apr 2012, 10:46 AM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    No problem buddy. Peace!
    11 Apr 2012, 10:58 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    I would not invest on what a CEO says - they are just salesmen like all the rest.
    10 Apr 2012, 10:24 PM Reply Like
  • A Newell
    , contributor
    Comments (481) | Send Message
     
    Don't invest on anything that anyone says...invest on what you think. Do you think that AA will be more valuable to the world or not?
    10 Apr 2012, 10:33 PM Reply Like
  • Consumer Contrarian
    , contributor
    Comments (20) | Send Message
     
    That 7% global aluminum growth forecast for 2012 is unchanged from their January outlook.
    10 Apr 2012, 10:33 PM Reply Like
  • A Newell
    , contributor
    Comments (481) | Send Message
     
    Thats a positive!
    10 Apr 2012, 10:35 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4054) | Send Message
     
    I am NOT sure I would buy AA - isn't that a business that will be taken over by China eventually completely? Probably better buy AAPL.
    10 Apr 2012, 10:44 PM Reply Like
  • A Newell
    , contributor
    Comments (481) | Send Message
     
    Yes you go buy apple at the extreme high that it commands. Someone is going to get apple sauce on them and it won't be me. Ask yourself which sector depends on the other??? hmmm
    10 Apr 2012, 10:58 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4054) | Send Message
     
    My AAPL sauce is up >60% since last fall. Yummy. And there are more apples falling from the tree. Take a bite ;P.
    10 Apr 2012, 11:23 PM Reply Like
  • A Newell
    , contributor
    Comments (481) | Send Message
     
    The fed gov is one big maggot!
    11 Apr 2012, 12:27 PM Reply Like
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