AA Stock Analysis: Exploiting The Market’s Alcove Could Be The Key To Survival For Alcoa

AA Stock Analysis: Summary

  • Company overview and current issues.AA Stock Analysis
  • Aluminium’s market worldwide and stock comparison.
  • Focusing on high tech and portfolio products reshaping.
  • AA forecasts and insight for the upcoming months.
  • I Know First’s algorithmic Forecast is bullish on AA.

Varied Financial Performance

Alcoa’s (NYSE:AA) latest quarterly report contained overall good news but some analysts remain skeptical about their future. Their mixed reviews mirror their varied financial performances.

The company is going through a multi-year transformation and has taken a number of steps to diversify its product offerings while curtailing its higher cost smelting, and refining its capacity; to give evidence to the strategy the company is continuing to adopt, on the 23rd July the company announced that it has completed the acquisition of RTI International Metals, Inc. (NYSE:RTI), a global leader in titanium and specialty metal products and services for the aerospace, defense, energy and medical device markets. The merger, announced on March 9, became effective on the 23rd of July.

Based on the last closing price, I Know First algorithm is quite bullish on this stock in the long term, with a bullish algorithmic forecast to support the fundamental analysis.

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