Alcoa is the world's third largest producer of aluminum. So what's the Royalty Trades position on this stock?
We're slightly bullish. Alcoa's got moderately accelerating earnings, good momentum, and a good earnings report. But the company's also facing some headwinds. We're really not loving the PE on this one, and there have been rumblings that they might not meet their earnings estimates.
Still, quite a few institutional investors have been snapping this one up, so we're bullish for the moment.
No comments:
Post a Comment