AlcoaAACOMMENTMay 26, 2014Stock price when the opinion was issued
As of Jun 10, 2026. Market Open.
He really likes commodities. There's a major commodity secular movement happening. Gold, silver, and uranium have all popped, and there's a rotation within the commodity space. All that AI stuff involves either rare earth or base metals.
This name is a base metal. Aluminum trade was soft for a while, but has picked up. These metals will be used everywhere, so he likes the demand. Yield is 1.08%.
This company has sort of reinvented itself and is much more focused on automobiles. Chart shows a fantastic up trend with a little bit of sideways action now. Sometimes that can be a continuation. This suggests that if it gets above $13.80 with a bit of price action, they can move higher. However, you will probably see this settle in a band of about $10.75-$13.80. If you own, tighten up your Stops just below $13. If you want to trade it, wait until it got just above $14. A better time to look at this one would be October.