Never Underestimate Institutional Myopia [Forbes]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: Forbes
Never Underestimate Institutional Myopia Better concoct your own working hypothesis than adopt another’s macro forecast, particularly the consensus forecast. Invariably, it steers you wrong. Six months later you’ll switch to a new forecast, but that, too, proves errant. Always on the money, you’d end up a plutocrat, filing a fat-tax return. No economists I know wax super-rich. Market letter writers and pundits? Ask for three years tax returns before following their advice. Nobody’s perfect. Try to build positions and overweight viable market sectors. Then, learn how to unwind your mistakes. Lemme summarize what I think is the Street’s collective wisdom, currently. It’s a slurry of what analysts, market pundits and even economists project for at least next 12 months. Everyone fears going out any longer, because chances of being right can diminish overnight. Here goes: · The economy won’t advance even 1.5%, possibly zero. It’s even money on a recession 12 months out. With rest-of-w
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News
- Industrial leader Dag J. Opedal elected to be the new Chair of HydrogenPro ASA [Yahoo! Finance]Yahoo! Finance
- Alcoa raised at Morgan Stanley on cost saving measures [Seeking Alpha]Seeking Alpha
- Alcoa Co. (NYSE: AA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $36.50 price target on the stock, up previously from $28.50.MarketBeat
- Alcoa Co. (NYSE: AA) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website