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Today’s quick video takes a look at Alcoa (AA) heading into its earnings report. The company usually kicks off earnings season so it can be a harbinger of things to come for the rest of the market, making it a closely watched report.
This stock has been a strong performer in recent earnings seasons, and it is actually on a nice streak which includes three straight beats of at least 33%. The stock has performed quite nicely too, as shares are marching higher and appear to be in a good position heading into the release.
Alcoa’s strength is further backed up by a nice string of recent earnings estimates, which have helped to push the stock into ‘buy’ territory within the past week. Shares also have a ‘B’ grade for a fundamental score, so it is a nice picture overall for the stock.
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ALCOA INC (AA): Free Stock Analysis Report
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