AMAG Pharma (AMAG) more than doubled on word that the FDA accepted its complete response for a NDA of iron-deficiency anemia drug ferumoxytol in patients with chronic kidney disease and will issue a final ruling before year-end. The news is a major relief for AMAG as no new clinical trials were required and the quick decision deadline before year-end is encouraging for the approval prospects of ferumoxytol.
A trio of companies expect FDA decisions for abuse-resistant pain drugs before year-end, including Pain The
The following includes a growing list of companies whose stock are trading in single digits despite a market cap exceeding $5B as investors no longer need to venture into the minefield of micro-cap stocks for tremendous volatility and trading opportunities. It is not meant to be a complete list, but represents well-known companies across a variety of sectors which offer the potential for high returns once the current market pessimism passes and economic growth returns.
TheStreet.com's Jim Cramer says you can use the bounce today to sell names with earnings troubles.
A suggestion: If you know that your company has earnings problems, you are going to get a lift today that will allow you to get out at a better price. What do I mean about earnings problems? Let's consider Alcoa (NYSE: AA) (Cramer's Take). That was a dismal quarter. The stock would not be up if it weren't for the rate cuts.
Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina worldwide. The company involves in technology, mining, refining, smelting, fabricating, and recycling of aluminum. It offers flat-rolled products, such as sheet and plate, foil products, and can reclamations; extruded and end products, including extrusion, tube, and architectural products; engineered solutions that comprise aerospace products, automotive components, Alcoa electrical and electronic solutions, castings, auto engineering products, and fasteners; and packaging and consumer...
While energy prices are way up. Energy accounts for 45% of aluminum-production costs. Prices are also up for caustic soda, which represents 12% of alumina-production costs,
All of this means Alcoa's stock may decline when the company reports second-quarter earnings on July 8. Already Goldman Sachs' options strategists are advising clients to buy defensive Alcoa puts. They think Alcoa's stock may decline because of the impact of high energy prices, a negative earnings-per-share impact caused by an explosion at a supplier's facility, and fading takeover speculation.
When it comes to the worldwide metals market, gold may get all of the attention but other, more durable, metals such as steel and iron have proved to be much more profitable. For instance, the price of gold is actually down 2% from mid-January, but steel prices are 50% higher.
Shares of Alcoa (AA), the worlds largest aluminum producer, have way underperformed those of other global miners like BHP Billiton (BHP), Rio Tinto (RTP) and Vale (RIO). Barron's thinks the Street is underestimating its potential, especially if a buyout bid materializes.<!---->
Aluminum prices are up about 20% YTD to $1.30/pound. They could hit $2 by early 2009 amid tightening supply of bauxite (the key raw material in aluminum production) and higher energy costs. That's good news for Alcoa: EPS could easily jump from an estimated $3.80 to $4.79. Even at the former price, shares trade at a
Over the next few weeks, I hope to do an individual valuation of each of the components of the Dow Jones Industrial Average. For a brief overview of the Dow, please see our Glance at the Dow - a snapshot of the valuations on March 10. When I have completed the individual valuations, I will [...]
Together with Chinalco, jointly bought around 9 percent of Rio's stock last week for $14 billion. Rio is subject to a takeover by BHP which today valued the company at US$147.7 billion.
Less competition in the minerals sector will result in higher prices therefore AA is a BUY.
The market is under pressure this morning, on the heels of a disappointing start to earnings season. Alcoa (AA) reported lackluster earnings last night, while this morning we got earnings warnings from HD, SHLD, and DHI .
The HD and SHLD warnings indicate that things are weaker than expected in the retail sector. The 40% drop in new orders reported by DR Horton (DHI) is another indicator that the housing market has yet to reach a bottom.
Also, S&P is rumored to be on the cusp of downgrading $12 billion in subprime mortgages. This is putting more pressure on ...
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About Alcoa Inc
- Answers.com
Aluminum prices are up about 20% YTD to $1.30/pound. They could hit $2 by early 2009 amid tightening supply of bauxite (the key raw material in aluminum production) and higher energy costs. That's good news for Alcoa: EPS could easily jump from an estimated $3.80 to $4.79. Even at the former price, shares trade at a
