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Tag: aluminum

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Alcoa: New Products to Drive Revenues

Posted by global112 on July 21st, 2011

Alcoa's strong 2nd quarter earnings are just the start. New industrial uses for Aluminum in building exteriors and the aerospace industry are bringing creating more demand. This new demand on top of increasingly worldwide demand will help drive earnings into the future.

MGM Resorts International (NYSE:MGM) recently announced the Company completed its previously announced offering of 40,900,000 shares of its common stock resulting in net proceeds to the Company of approximately $511,000,000. The Company will use the net proceeds of the offering for general corporate purposes, including the repayment of debt.

Commodities have been on the move higher led by oil. (NYSE: DBC), PowerShares Commodity Index Tracking ETF has made it back to resistance at the $24.10. As you can see below on the chart this is the third trip to this level since June.

Alcoa (AA) Beats Estimates

Posted by birdie31 on July 8th, 2009

Alcoa Inc., the largest U.S. aluminum producer, said Wednesday it lost $454 million during the second quarter, as the global recession continued to dampen demand and prices for the lightweight metal.

Among the best-performing exchange traded funds (ETFs) for the second quarter are those that have some kind of bent toward basic materials and natural resources. This signals that there's some demand around the world, especially in emerging markets, for these products so these countries can resume the growth they enjoyed in the first half of the decade.

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