Alcoa says China to curtail about 1.1M tons of capacity in 2012

News Breaks January 9, 2012 17:43 EDT AA theflyonthewall.com: Alcoa says China to curtail about 1.1M tons of capacity in 2012 Sees curtailments in the west of around 700,000 tons. :theflyonthewall.com

News For AA From The Last 14 Days Check below for free stories on AA the last two weeks. There are 32 items on the Fly with pertinent information. Sign up for a free trial to see the rest of the stories you've been missing. January 9, 2012 17:45 EDT AA 17:43 EDT AA theflyonthewall.com: Alcoa says China to curtail about 1.1M tons of capacity in 2012 Sees curtailments in the west of around 700,000 tons. :theflyonthewall.com 17:40 EDT AA 17:27 EDT AA theflyonthewall.com: Alcoa to focus on "maximizing cash" in 2012 :theflyonthewall.com 17:24 EDT AA theflyonthewall.com: Alcoa has "significantly improved" liquidity; has lots of cash on hand Company has reduced debt-to-capital by almost 700 basis points. :theflyonthewall.com 17:16 EDT AA theflyonthewall.com: Alcoa anticipates incremental improvements in most markets going forward Cites commercial transportation in Europe and building and construction in Europe and North America as exceptions. :theflyonthewall.com 17:14 EDT AA theflyonthewall.com: Alcoa sees demand strength in aerospace, automotive in Q1 Says outlook for Europe remains soft. :theflyonthewall.com 17:13 EDT AA 17:10 EDT AA 16:28 EDT AA theflyonthewall.com: Alcoa reports Q4 free cash flow $656M :theflyonthewall.com 16:25 EDT AA theflyonthewall.com: On The Fly: U.S. Market Wrap-Up Stock futures were quiet throughout the pre-market trading session. There was a slight lift following comments from German Chancellor Merkel and French president Sarkozy who met to discuss rescue plans for the Euro zone. When it was obvious there was little to report, the futures drifted back towards fair value, leading to a quiet open for the broader market. With little on the economic calendar and the news flow quiet, investors seemed content to wait for Alcoa?s (AA) earnings report after the close, the unofficial start of the fourth quarter earnings season...ECONOMIC EVENTS: In the U.S., Consumer Credit came in at $20.4B vs. the consensus of $7B. MARKET NEWS: Bristol-Myers (BMY) agreed to acquire Inhibitex (INHX) in a $2.5B deal, sending shares of Inhibitex up over 140%...MAJOR MOVERS: Among the notable gainers were Vivus (VVUS), up $1.49, or 14.7%, to $11.65, after U.S. regulators changed their stance on a proposed warning label of the company?s weight loss pill Qnexa, and Netflix (NFLX), up $11.89, or 13.8%, to $98.18, following positive subscription guidance for its newly launched service in the U.K. and Ireland. Noteworthy losers included IPCM The Hospitalist Company (IPCM), down $15.04, or 32.9%, to $30.61, after its FY11 EPS outlook came in below expectations, and Theravance (THRX), down $3.81, or 18.9%, to $16.39, after its experimental drug Relovair failed to beat a competing drug in a study...INDICES: The Dow gained 32.77, or 0.27%, to 12,392.69; the Nasdaq rose 2.34, or 0.09%, to 2,676.56; and the S&P 500 added 2.89, or 0.23%, to 1,280.70. :theflyonthewall.com 16:10 EDT AA 16:07 EDT AA 16:05 EDT AA 16:03 EDT AA theflyonthewall.com: Alcoa reports Q4 adjusted EPS (3c) vs. consensus (2c) Reports Q4 revenue $6B vs. consensus $5.74B. :theflyonthewall.com 15:42 EDT AA 15:11 EDT AA 09:44 EDT AA 09:06 EDT AA 07:28 EDT AA January 8, 2012 12:41 EDT AA 12:36 EDT AA theflyonthewall.com: Jim Cramer's "Mad Money" Jim Cramer laid out his game plan for the week of Jan. 9. MONDAY- Alcoa (AA) already prepared us for miserable earnings. Cramer said that won't stop the analysts from cutting estimates even more. A global healthcare conference begins, and that should be good news for Regeneron Pharmaceuticals (REGN) and Celgene (CELG). Cramer still likes the high-yielding drug names, like Bristol Meyers-Squibb (BMY) and Pfizer (PFE). TUESDAY - French industrial production numbers are out and a global auto conference. Cramer said he's anxious to see if ratings downgrades cause turmoil in Europe and if auto sales really are as strong as they appear. WEDNESDAY - Lennar (LEN) reports, giving a read on the U.S. housing market. Cramer said this company's earnings don't matter, but its sales and cancellations do. THURSDAY - We have Italian and Spanish bond auctions and U.S. retail sales numbers for December. Cramer said this average will likely be lower than some are expecting and he would use the weakness to buy stocks like Macy's (M), TJX Stores (TJX) and Ross Stores (ROST). Also, Domino's Pizza (DPZ) reports. Cramer said he expects great things. FRIDAY - JPMorgan Chase (JPM) should report a good number, probably the only good number among the big banks. He still likes the regional plays like BB&T (BBT) and US Bancorp (USB). In the final installment of his "Diamonds of the Dow" series, Cramer said the last "ace up his sleeve" is Boeing (BA), which is poised to have some of the best earnings it has seen in years. Demand for new, fuel-efficient planes is great. Shares of Boeing offer a 2.4% yield and are insanely cheap - a bargain, said Cramer, trading at just 14.8x earnings with a 13.4% long-term growth rate. In his "Mad Money Stock Super Bowl," the stocks of Cabot Oil & Gas (COG) squared off against Alexion Pharmaceuticals (ALXN) for the title of best stock for 2012. Both companies have low PEG ratios, great takeover potential and catalysts that could surprise investors to the upside. Looking at three more metrics: technical analysis, leadership and geo-political risk: Cramer said Alexion came out on top. Alexion gives investors similar growth potential with far less risk than Cabot. MAD MAIL: Infospace (INSP) - Cramer said the company is interesting but the stock price would need to come down and an accounting irregularity would need to be resolved before he would buy in. Newcastle Investments (NCT) - while the 12.6% yield may look attractive, its not when compared to the 85% decline in its share price over the past five years. Cramer gave his blessing to a viewer to leave shares of Micron Technology (MU) for MagnaChip Semiconductor (MX). Cramer was also bullish on Oneoak Partners (OKS), but more cautious on Chesapeake Energy (CHK), which has a "tough road" ahead. He said, Microsoft (MSFT) is a cheap stock without a catalyst. Costco (COST) Cramer likes it below $80/share. NO HUDDLE OFFENSE: Cramer said it appears that the short sellers have declared victory and are ringing the register on a slew of stocks, sending their shares higher. Most notable is Netflix (NFLX) which is now the best performing stock in the S&P 500 for 2012. But, Cramer said the short-squeeze can be seen in the for-profit schools, like Apollo Group (APOL), and also in JC Penney (JCP), Best Buy (BBY) and even Amazon.com (AMZN). Cramer said that all of these stocks are rallying as of late, as the short-sellers are leaving the table. LIGHTNING ROUND: (Bullish) ETP; NAT; PEG; NLY; DIS. (Bearish) BBEP; DRI; NMM; RIG; MTN. Reference Link :theflyonthewall.com January 6, 2012 11:07 EDT AA 08:53 EDT AA 07:05 EDT AA January 5, 2012 16:12 EDT AA 09:33 EDT AA 06:56 EDT AA theflyonthewall.com: Consumer bureau to begin regulating more financial companies, NY Times reports President Obama's recess appointment of Richard Cordray as director of the Consumer Financial Protection Bureau will give the agency authority to regulate nonbank financial companies, including payday lenders, according to The New York Times. Reference Link :theflyonthewall.com January 4, 2012 07:27 EDT AA theflyonthewall.com: Alcoa volatility flat into Q4 results and outlook Alcoa January call option implied volatility is at 46, April is 45; compared to its 26-week average of 44 according to Track Data, suggesting non-directional price movement into its expected release of Q4 results after the market close on January 9th. :theflyonthewall.com January 3, 2012 06:34 EDT AA December 28, 2011 07:33 EDT AA December 27, 2011 08:00 EDT AA theflyonthewall.com: Alcoa shares could rally, says Jefferies Jefferies believes that Alcoa's stock could jump 20% if U.S. economic data improves. However, the firm lowered its Q4 EPS estimate for the company below the consensus estimate, citing reduced aluminum prices and the company's rising sequential costs. The firm maintains a Buy rating. :theflyonthewall.com

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