Archive for October 13th, 2011

Alcoa’s Outlook Implies Large Market Gains Ahead; Will JP Morgan Follow?

Thursday, October 13th, 2011
Alcoa’s Outlook Implies Large Market Gains Ahead; Will JP Morgan Follow?

This earnings season just kicked off with a major surprise from Alcoa. It wasn’t what Alcoa (AA) did – it’s what it said. Although last quarter’s earnings came in under analysts’ already reduced estimates, management kept its sales growth forecasts virtually unchanged. “Kept” implies a passive, do-nothing attitude. Actually, it’s an active statement founded... »

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