Stockchase Opinions

Jim Cramer - Mad Money Alcoa AA-N BUY May 03, 2021

They're not getting credit for delivering a great quarter. This is not the Alcoa of old.
$37.610

Stock price when the opinion was issued

non-base metal mining
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

BUY
Continue to own this into earnings.
DON'T BUY
Minerals have had a huge run. How sustainable is this underlying demand? He thinks there will be a pullback, as with BHP. Don't buy something top of market. If you've made money, take some off the table. At these levels, stay away.
DON'T BUY
Inflation will be transitory. Alcoa is hitting 2018 resistance, and won't move much past $62.
PARTIAL SELL
Are benefitting from high aluminum prices, driven by the Russian war. Lots of ups and downs. Take profits or exit, if you own. Eventually, shares and aluminum prices will decline.
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly This integrated producer of aluminum and the world's largest miner of bauxite is a TOP PICK. Recently reported earnings support a 30% ROE and cash reserves are growing, while the company buys back shares and retires debt. It trades at 10x earnings compared to peers at 21x and is valued at 1.5x book. We recommend placing a stop loss at $31, looking to achieve $60 -- upside of 25%. Yield 0.8% (Analysts’ price target is $78.64)
COMMENT

The question was on Aluminum companies. He considers Alcoa the obvious one to consider. The stock is cheap but earnings are declining. The FMV is over 55% higher than where it is today.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 06/22, Down 24%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with AA is stalling.  To remain disciplined, we recommend trailing up the stop (from $31) to $35 at this time.  

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 06/22, Down 26.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with AA has triggered its stop at $35.  To remain disciplined, we recommend covering the position at this time.  

DON'T BUY

It's a material stock, and those are linked to China, and nobody wants such stocks.

DON'T BUY

Aluminum prices have been down 3 straight weeks.