Dow futures are up seventeen and S&P futures are up two and a half. Gold futures have moved nine-tenths of a point climbing back over ninety. Metal futures, gold, silver, platinum, are slightly positive before the market opens.
Alcoa Inc. is scheduled to release its earnings report after the bell today. Alcoa produces and manages aluminum and alumina. The company mines bauxite, which is then rolled into alumina. They also produce and sell titanium and other alloy products.
Alcoa stock ($AA) is up 5.43% since January, with a 52-week low of $7.97 and a high of $11.66. The stock recently hit its ten-day high and put/call ratio is currently 0.85. Earnings have rebounded from three straight misses in 2011 and negative earnings in Q4 to beat earnings in Q1 2012. The projected earnings are $0.06, down $0.04 from the previous quarter. Quarterly revenue has been on a slight decline since Q2 2011 and are projected to be 1.7 Billion less this year than the previous year.
Alex has a master’s in economics from Suffolk University.
Questions, comments, or suggestions welcome at alexk@keeneonthemarket.com