Top 10 Sliver Stocks To Watch Right Now

Top 10 Sliver Stocks To Watch Right Now: Alcoa Inc.(AA)

Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. The Alumina segment engages in mining of bauxite, which is then refined into alumina. The Primary Metals segment produces aluminum. The Flat-Rolled Products segment engages in the production and sale of aluminum plate, sheet, and foil. The Engineered Products and Solutions segment produces and sells titanium, aluminum, and super alloy investment castings, hard alloy extrusions, forgings and fasteners, aluminum wheels, integrated aluminum structural systems, and architectural extrusions. Its products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. The company holds interests in bauxite mining activities. The company has op erations primarily in the United States, Australia, Spain, Brazil, the Netherlands, Norway, France, the Russian Federation, Hungary, Italy, the United Kingdom, China, and Germany. Alcoa, Inc. was founded in 1888 and is based in New York, New York.

Advisors' Opinion:

• [By Ben Levisohn]

  Alcoa (AA) has been making big changes–maybe not caterpillar to butterfly changes–but perhaps pollywog to frog. And that’s a good thing, says Deutsche Bank’s Jorge Beristain, who upgraded Alcoa’s shares today. He explains why its “metamorphosis [is] on track”:

  Bloomberg

  We admittedly are now “eating crow”, as we had misjudged the turn-around now apparent in Alcoa’s upstream Primary smelting business due to (still rising) US premia plus an improved global aluminum price. The net effect has been a! resurrection of a business unit that had heretofore been a headwind for Alcoa’s overall finances…

  Alcoa has focused shutting high-cost smelters/refineries, while simultaneously increasing exposure to more stable downstream segments (ie, aerospace, automotive and construction) over the past few years. These mix changes, along with higher-than-expected realized aluminum prices have led to a re-rating of the stock, which has risen 75% over the past 12 months. We believe these factors will continue to support an earnings turn-around and see upside driven mainly by Primary Metals EBITDA which could recover from a 2013 cyclical low of $475m to $1.8bn by 2016, despite a lower capacity footprint.

  Shares of Alcoa have dropped 0.7% to $16.44 at 1:50 p.m.

• [By Jayson Derrick]

  Analysts at Deutsche Bank upgraded Alcoa (NYSE: AA) to Buy from Hold with a price target raised to $20 from a previous $16. Shares lost 1.03 percent, closing at $16.38.

• [By Jayson Derrick]

  Analysts at Macquarie maintained a Neutral rating on Alcoa (NYSE: AA) with a price target raised to $13 from a previous $11. Shares gained 6.64 percent, closing at $15.57.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-sliver-stocks-to-watch-right-now-2.html