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Market Wrap For November 25: Nasdaq Breaks 4,000 Level For First Time Since 2000
Monday, November 25, 2013 - 5:57pm | 1904The Nasdaq index traded above 4,000 for the first time since 2000. The other major indices were flat for the day as markets couldn't hold on to early gains that were boosted by an international accord with Iran. Economic news was rather light and there were no comments from a Fed chairperson that...
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Alcoa Jumps After Beating Estimates (AA)
Tuesday, October 8, 2013 - 4:28pm | 370Alcoa (NYSE: AA) has reported a higher-than-expected Q3 EPS of $0.11 versus the Street estimate of $0.06. Revenue came in at $5.77 billion versus the Street prediction of $5.63 billion. Despite the earnings beat, sales were still down one percent year-over-year. Investors responded positively to...
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Earnings Expectations For The Week Of October 7: A New Earnings Season
Sunday, October 6, 2013 - 12:27pm | 1101Yum! Brands (NYSE: YUM), J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) will kick off the new earnings season this week. Analysts are looking for revenue declines from these three, and only Wells Fargo to post year-over-year earnings growth. Since it has dropped out of the Dow Jones...
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Three Dow Components Booted Tuesday, But Don't Read Too Much Into The Decision (AA, BAC, HPQ)
Tuesday, September 10, 2013 - 3:45pm | 646In a move described as the largest in nearly a decade, The Wall Street Journal reported Tuesday that Alcoa (NYSE: AA), Hewlett-Packard (NYSE: HPQ), and Bank of America (NYSE: BAC) would be dropped from the Dow Industrials at the close of trading September 20. Goldman Sachs (NYSE: GS), Nike (...
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Alcoa Tops Expectations (AA)
Monday, July 8, 2013 - 4:37pm | 213Alcoa (NYSE: AA) released its fiscal second-quarter earnings results on Monday after the closing bell. The company reported a wider loss in the period, but adjusted earnings and revenue topped analysts' expectations. In late trade, the stock was last up 1 percent to $8.00. Management Commentary...
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Benzinga Market Primer: Monday, July 8: Earnings Season Begins!
Monday, July 8, 2013 - 6:33am | 877Futures Gain Into Earnings Season U.S. equity futures rose in early pre-market trade heading into the unofficial start of earnings season after the bell as Alcoa (NYSE: AA) is expected to report second quarter results. Top News In other news around the markets: The Troika finished its review of...
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Earnings Expectations for the Week of July 8 (AA, JPM, WFC)
Sunday, July 7, 2013 - 8:02pm | 925The new earnings season kicks off this week with the traditional first report from Alcoa (NYSE: AA) on Monday afternoon. The first of the big banks, J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC), close out the week when they step into the earnings spotlight Friday morning. Analysts predict...
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Alcoa Earnings Preview: Lower Q2 Revenue, Flat EPS Expected (AA)
Friday, July 5, 2013 - 11:59am | 783Alcoa (NYSE: AA), shares of which sank to a multiyear low earlier this week, is scheduled to report its second-quarter 2013 results Monday, July 8, after the markets close. Alcoa's report marks the unofficial kick-off of the second-quarter earnings season. Though the management team has a strong...
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Earnings Expectations for the Week of July 1
Sunday, June 30, 2013 - 8:39pm | 615While there will be plenty of fireworks for the Independence Day holiday in the United States this week, on the earnings front, things will be very quiet. There will not be much to distract investors from speculating on what the Federal Reserve will do or from the employment numbers for June. See...
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Benzinga Market Primer: Tuesday, April 9
Tuesday, April 9, 2013 - 6:43am | 1047Futures Rise On Alcoa Beat U.S. equity futures rose slightly in pre-market trade following a positive report from economic bellwether Alcoa (NYSE: AA). Alcoa reported first quarter EPS ex-items of $0.11 which beat estimates of $0.08 but sales fell slightly short of the forecast. Alcoa also...
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Alcoa Earnings Preview
Monday, April 8, 2013 - 8:14am | 472Here we go. The official start of earnings season begins with Alcoa (NYSE: AA) reporting Q1 earnings after the bell on Monday. The stock is the Punxsutawney Phil of the stock market. If Alcoa reports solid earnings, investors look forward to a positive earnings season. If it doesn’t, expect...
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Earnings Expectations for the Week of April 8
Sunday, April 7, 2013 - 2:25pm | 981The new earnings season gets underway this week, with Alcoa (NYSE: AA) on deck late Monday and J.P. Morgan (NYSE: JPM) scheduled to report first-quarter results Friday morning. By and large, analysts expect to see a year-over-year decline in per-share earnings from the former, but EPS growth,...
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Benzinga Market Primer: Wednesday, January 9
Wednesday, January 9, 2013 - 7:23am | 823Futures Flat On Global Weakness U.S. equity futures were essentially unchanged overnight as fears over the health of the European economy and of growing credit risks in China spooked investors. Markets also await the interest rate decisions from the Bank of England and the European Central Bank...
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Alcoa Earnings Preview: Lower Fourth-Quarter Revenue Expected
Sunday, January 6, 2013 - 2:07pm | 815Alcoa (NYSE: AA), shares of which have surged about eight percent in the past week, is scheduled to report its fourth-quarter 2012 results Tuesday, January 8, after the markets close. Investors will be looking to see how much the sluggish global economy, particularly in China and in Europe, will...
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Earnings Expectations for the Week of January 7
Sunday, January 6, 2013 - 2:02pm | 898The new earnings season gets underway this week, with Alcoa (NYSE: AA) on deck Tuesday and Wells Fargo (NYSE: WFC) scheduled to report fourth-quarter results on Friday. By and large, analysts expect to see year-over-year growth in per-share earnings for the quarter from both of these S&P 500...