PennyStockPayCheck.com Rss

Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

Don’t get too excited about this earnings season

Category : Business

Alcoa kicked off this earnings season on a positive note, but caution abounds.

Read the original here: Don’t get too excited about this earnings season

Post to Twitter

Earnings kick-off: Alcoa and Yum Brands on deck

Category : Stocks

Alcoa is typically considered a bellwether of the economy because of its global reach. But Yum may actually grab the spotlight because of its large presence in China.

Read more: Earnings kick-off: Alcoa and Yum Brands on deck

Post to Twitter

Italian security forces yesterday safely exploded a device outside Aloca’s (AA) unprofitable aluminum plant on the Italian island of Sardinia. Workers have been protesting Alcoa’s plans to gradually close the smelter unless a buyer is found. The…

Category : Stocks

Italian security forces yesterday safely exploded a device outside Aloca’s (AA) unprofitable aluminum plant on the Italian island of Sardinia. Workers have been protesting Alcoa’s plans to gradually close the

Post to Twitter

Alcoa posts tepid second-quarter results

Category : Stocks

Aluminum producer Alcoa kicked off earnings season Monday with second-quarter income that was in line with analysts’ expectations.

Go here to read the rest: Alcoa posts tepid second-quarter results

Post to Twitter

Sell Alcoa!: Against the Grain

Category : Stocks

Marek Fuchs, senior contributing analyst at TheStreet, turns sour ball on Alcoa.

Link: Sell Alcoa!: Against the Grain

Post to Twitter

Stocks Start May on Positive Note

Category : Stocks

NEW YORK (TheStreet) — Stocks kicked off May on a strong note Tuesday, posting smart gains after a much better-than-expected report on U.S. manufacturing activity.

The Dow Jones Industrial Average rose 67 points, or 0.5%, to close at 13,280, after hitting an intra-day high of 13,338, levels not seen since late 2007. The S&P 500 gained 8 points, or 0.6%, to finish at 1406, and the Nasdaq added 4 points, or 0.1%, to close at 3050.

Breadth within the Dow was positive, with 22 stocks ending in the positive territory. The biggest percentage gainers among the blue chips were JPMorgan, Bank of America, Alcoa, Intel and Hewlett-Packard.

Click to view a price quote on BP.

Click to research the Energy industry.

Continue reading here: Stocks Start May on Positive Note

Post to Twitter

Buy Alcoa!: Against the Grain

Category : Business

Marek Fuchs, senior contributing analyst at TheStreet, tells Alcoa traders to bank on more.

Read this article: Buy Alcoa!: Against the Grain

Post to Twitter

US earnings season provides spring boost for Obama

Category : Business

Google, Alcoa and JP Morgan announce better-than-expected first-quarter earnings – but stock markets remain nervous

The spring chill some feared would once again sap the US’s fragile economic recovery appears to have held off as American firms have reported better-than-expected first-quarter earnings.

The earnings season started in earnest this week with Alcoa, Google and JP Morgan reporting better-than-expected results. The figures will be a boost to president Barack Obama who has put the economic recovery at the centre of his reelection campaign.

But Obama isn’t out of the woods yet. Disappointing news from the jobs market has shown how fragile the economy remains, and next week another raft of US giants will update the markets on how they are fairing, including Goldman Sachs, Intel, McDonald’s and Microsoft.

Jack Ablin, chief investment officer at Harris Private Bank, said this week had solidified his opinion that the economy was on the mend. “The outlook looks pretty robust and across a range of industries. We’ve had good results from Alcoa, Google, JP Morgan, it’s encouraging,” he said.

At the same time he said there was a lack of trust in the stock markets. For two years now, stock market rallies have fizzled in the first quarter. Last year Europe’s economic crisis and the tragic tsunami and earthquake on Japan wiped out rallies in the markets.

Last month’s news that jobs growth had slowed added to fears that history was repeating itself, said Ablin. “Before 2008, no one knew what a Black Swan was. Now everyone is looking for one,” he said.

Steven Cochrane, managing director of Moody’s Economy.com, said the earnings reports were a better indicator of the wider economy than recent jobs reports, as those may have been influenced by seasonal factors including the extremely mild winter.

“We are still adding 175,000 to 200,000 jobs a month, and that’s enough to stabilise the jobs market and keep unemployment falling,” he said. He said that the economy did now look like it was on a firmer footing, but added: “So much nervousness remains, in part because the recovery is still so slow,” he said.

Worries over the impact of rising gas prices and the still-lacklustre housing market were weighing on consumer confidence and likely to add to more volatility in the markets in the months to come, he said.

Cochrane said that Europe’s continuing woes were still a worry in the US, although far less pressing at the moment than they had been. Europe remains is crisis even as the US appears to be pulling out of its historic slump. Next week the International Monetary Fund meets in Washington. IMF managing director Christine Lagarde struck a cautiously optimistic note this week, saying that the IMF might not need as large a boost in financial resources as first thought to address Europe’s debt crisis.

“We have seen some improvement in the economic climate,” she said. “But let me also underline this point: The risks remain high, the situation fragile.”

Alcoa’s Effect On Silver

Category : Business

David Morgan, founder of Silver-Investor.com, discusses the impact of Alcoa’s better than expected earnings on silver.

See original here: Alcoa’s Effect On Silver

Post to Twitter

Alcoa Pulls Fast One on Market

Category : Business

Alcoa under promises and then over delivers. Mattress Firm in bed with strong sales.

Read more from the original source: Alcoa Pulls Fast One on Market

Post to Twitter