Breaking News Instant updates and real-time market news.

AA

Alcoa

$23.14

-0.19 (-0.81%)

16:12
07/17/19
07/17
16:12
07/17/19
16:12

Alcoa still sees global aluminum deficit for FY19

The company's 2019 shipment outlook for Bauxite, Alumina and Aluminum remains unchanged from the prior full-year estimates. Total annual bauxite shipments are expected to range between 47.0 and 48.0 million dry metric tons. Total alumina shipments are projected between 13.6 and 13.7 million metric tons with anticipated operational improvements and higher year-on-year production. Aluminum shipments are expected to be between 2.8 and 2.9 million metric tons. In the third quarter of 2019, Alcoa expects benefits from higher volumes and lower costs for raw materials and maintenance in the Alumina and Bauxite segments. In the Aluminum segment, the Company expects improvements primarily from lower alumina costs. For full-year 2019, Alcoa continues to project a global aluminum deficit, ranging between 1.0 million and 1.4 million metric tons, down from last quarter's estimate of a deficit between 1.5 million and 1.9 million metric tons. Global aluminum demand growth for 2019 is estimated to range between 1.25 percent and 2.25 percent, down from 2 percent to 3 percent in the previous quarter, driven by lower demand in both China and the world ex-China due to trade tensions and macroeconomic headwinds. Even so, aluminum inventories, measured in days of consumption, continue to decline and are expected by year's end to reach levels not seen in more than a decade, since before the Global Financial Crisis in 2008. In the alumina market, Alcoa projects a global surplus for 2019, ranging between 500 thousand metric tons and 1.3 million metric tons, up from last quarter's estimate of 200 thousand metric tons to 1 million metric tons. Environmentally-driven Chinese alumina curtailments were outweighed by the combination of a refinery restart in the Atlantic region and lower alumina demand from worldwide smelting production. The third-party, seaborne bauxite market is expected to have a larger surplus in 2019 ranging between 13 million and 17 million metric tons, an increase from the previous quarter's full-year estimate of 8 million to 12 million metric tons. The increase is due to higher production in Guinea and Southeast Asia, which is only partially offset by higher demand in China.

  • 17

    Jul

AA Alcoa
$23.14

-0.19 (-0.81%)

07/09/19
07/09/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 3M (MMM) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray expecting the overhang on the shares from macro pressures and litigation to persist. 2. Marriott (MAR) and Hilton (HLT) downgraded to Neutral from Overweight at JPMorgan, while Ryman Hospitality (RHP) and CorePoint Lodging (CPLG) were downgraded to Underweight from Neutral. 3. Alcoa (AA) downgraded to Neutral from Outperform at Macquarie. 4. First Business Financial (FBIZ) downgraded to Neutral from Buy at DA Davidson with analyst Kevin Reevey saying the rating change is driven purely by the recent 33% advance in the stock price from its 52-week lows to within 6% of its 52-week highs. 5. Myriad Genetics (MYGN) downgraded to Market Perform from Outperform at Cowen with analyst Doug Schenkel citing a combination of lower overall conviction in Myriad and a less attractive relative valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/19
DBAB
07/10/19
DOWNGRADE
DBAB
Hold
Alcoa downgraded to Hold from Buy at Deutsche Bank
07/11/19
DBAB
07/11/19
DOWNGRADE
Target $23
DBAB
Hold
Deutsche Bank downgrades Alcoa to Hold, cuts price target to $23
Deutsche Bank analyst Chris Terry last night downgraded Alcoa to Hold from Buy and lowered his price target for the shares to $23 from $35. The analyst previously thought Alcoa's legacy liabilities from pension and debt would reduce, the aluminum chain pricing will improve, and that its free cash flow would increase. However, he no longer sees this playing out in the near term.
07/11/19
07/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo with analyst Andrew Casey saying future potential appears to be increasingly complicated by ongoing end market growth deceleration in the U.S. 2. Allstate (ALL) downgraded to Underperform from Neutral at Credit Suisse with analyst Michael Zaremski calling it the insurer most levered to homeowners' insurance at a time when record levels of precipitation in the U.S. raises the probability of worse than expected "non-catastrophe" claims volumes in the homeowners' line of business. 3. Alcoa (AA) downgraded to Hold from Buy at Deutsche Bank with analyst Chris Terry saying he previously thought Alcoa's legacy liabilities from pension and debt would reduce, the aluminum chain pricing will improve, and that its free cash flow would increase. However, he no longer sees this playing out in the near term. 4. Werner (WERN) downgraded to Underperform from Neutral at Credit Suisse with analyst Allison Landry saying that with a weakening demand backdrop, contract TL rates that are turning negative, and anecdotal evidence that suggests capacity remains relatively loose, she sees fairly meaningful risk to the second half of 2019 and 2020 EPS for the asset based truckers. 5. Hamilton Lane (HLNE) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Robert Lee citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

13:45
10/16/19
10/16
13:45
10/16/19
13:45
General news
Breaking General news story  »

Beige Book to be released…

PNC

PNC Financial

$140.90

1.34 (0.96%)

13:45
10/16/19
10/16
13:45
10/16/19
13:45
Conference/Events
The Brookings Institution to hold a discussion on recession preparation »

Brookings hosts a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 16

    Oct

  • 16

    Oct

IBM

IBM

$141.89

-1.09 (-0.76%)

, FB

Facebook

$188.69

-0.12 (-0.06%)

13:43
10/16/19
10/16
13:43
10/16/19
13:43
Earnings
Fly Intel: What to watch in IBM's earnings report »

IBM (IBM) is scheduled to…

IBM

IBM

$141.89

-1.09 (-0.76%)

FB

Facebook

$188.69

-0.12 (-0.06%)

V

Visa

$177.59

-1.21 (-0.68%)

PYPL

PayPal

$102.54

-1 (-0.97%)

EBAY

eBay

$38.92

0.04 (0.10%)

MA

MasterCard

$277.70

-0.94 (-0.34%)

BKNG

Booking Holdings

$2,025.61

7.98 (0.40%)

MSFT

Microsoft

$139.94

-1.62 (-1.14%)

GOOG

Alphabet

$1,243.61

0.08 (0.01%)

GOOGL

Alphabet Class A

$1,243.00

0.49 (0.04%)

INTC

Intel

$52.14

-0.505 (-0.96%)

BABA

Alibaba

$176.05

0.74 (0.42%)

SFTBF

SoftBank

$0.00

(0.00%)

BIDU

Baidu

$108.33

1.115 (1.04%)

SCMWY

Swisscom

$0.00

(0.00%)

TCEHY

Tencent

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 16

    Oct

  • 16

    Oct

  • 18

    Oct

  • 23

    Oct

  • 23

    Oct

  • 23

    Oct

  • 23

    Oct

  • 24

    Oct

  • 24

    Oct

  • 26

    Oct

  • 27

    Oct

  • 28

    Oct

  • 28

    Oct

  • 29

    Oct

  • 29

    Oct

  • 29

    Oct

  • 30

    Oct

  • 31

    Oct

  • 06

    Nov

  • 19

    Nov

  • 20

    Nov

  • 21

    Nov

M

Macy's

$15.77

0.07 (0.45%)

13:35
10/16/19
10/16
13:35
10/16/19
13:35
Options
Macy's put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Nov

FB

Facebook

$188.59

-0.22 (-0.12%)

13:32
10/16/19
10/16
13:32
10/16/19
13:32
Hot Stocks
Facebook unveils ReAgent to help build models that make and rely on decisions »

Jason Gauci, Honglei Liu,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

  • 27

    Oct

  • 30

    Oct

PINS

Pinterest

$25.70

0.1 (0.39%)

13:27
10/16/19
10/16
13:27
10/16/19
13:27
Upgrade
Pivotal upgrades Pinterest to Buy after 30% pullback from highs »

Pivotal Research analyst…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 31

    Oct

  • 19

    Nov

  • 16

    Oct

ALGN

Align Technology

$211.62

2.32 (1.11%)

13:25
10/16/19
10/16
13:25
10/16/19
13:25
Options
Align Technology call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

13:25
10/16/19
10/16
13:25
10/16/19
13:25
Conference/Events
Stephens food/agribusiness analyst to hold analyst/industry conference call »

Analysts, along with…

13:25
10/16/19
10/16
13:25
10/16/19
13:25
Conference/Events
Wedbush technology analyst to hold an analyst/industry webcast »

Technology Analyst…

PINS

Pinterest

$25.69

0.09 (0.35%)

13:21
10/16/19
10/16
13:21
10/16/19
13:21
Upgrade
Pinterest rating change  »

Pinterest upgraded to Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 31

    Oct

  • 19

    Nov

  • 16

    Oct

PM

Philip Morris

$79.09

0.77 (0.98%)

, HON

Honeywell

$163.93

0.27 (0.16%)

13:19
10/16/19
10/16
13:19
10/16/19
13:19
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

PM

Philip Morris

$79.09

0.77 (0.98%)

HON

Honeywell

$163.93

0.27 (0.16%)

UNP

Union Pacific

$163.27

0.07 (0.04%)

MS

Morgan Stanley

$42.80

0.26 (0.61%)

BBT

BB&T

$52.81

0.06 (0.11%)

STI

SunTrust

$68.01

-0.04 (-0.06%)

PPG

PPG

$119.43

1.21 (1.02%)

MTB

M&T Bank

$158.77

-0.1 (-0.06%)

KEY

KeyCorp

$17.63

-0.15 (-0.84%)

GPC

Genuine Parts

$97.95

0.01 (0.01%)

DOV

Dover

$95.93

-0.02 (-0.02%)

TXT

Textron

$50.56

-0.11 (-0.22%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 04

    Nov

  • 08

    Nov

  • 10

    Nov

  • 11

    Nov

  • 12

    Nov

IBM

IBM

$141.62

-1.36 (-0.95%)

, NFLX

Netflix

$282.05

-2.19 (-0.77%)

13:19
10/16/19
10/16
13:19
10/16/19
13:19
Earnings
Notable companies reporting after market close »

Notable companies…

IBM

IBM

$141.62

-1.36 (-0.95%)

NFLX

Netflix

$282.05

-2.19 (-0.77%)

CCI

Crown Castle

$133.80

-0.85 (-0.63%)

CSX

CSX

$68.89

-0.28 (-0.40%)

KMI

Kinder Morgan

$20.09

-0.09 (-0.45%)

CCK

Crown Holdings

$63.23

0.44 (0.70%)

URI

United Rentals

$122.16

1.45 (1.20%)

STLD

Steel Dynamics

$28.59

-1.53 (-5.08%)

AA

Alcoa

$19.44

-0.01 (-0.05%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 16

    Oct

  • 16

    Oct

  • 16

    Oct

  • 16

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 27

    Oct

  • 29

    Oct

  • 13

    Nov

FB

Facebook

$188.88

0.07 (0.04%)

, AVGO

Broadcom

$288.01

-2.45 (-0.84%)

13:17
10/16/19
10/16
13:17
10/16/19
13:17
Periodicals
European Commission exploring investigation of Facebook, NY Times reports »

The European Commission…

FB

Facebook

$188.88

0.07 (0.04%)

AVGO

Broadcom

$288.01

-2.45 (-0.84%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Oct

  • 27

    Oct

  • 30

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
10/16/19
10/16
13:17
10/16/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
10/16/19
10/16
13:16
10/16/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

W

Wayfair

$110.58

1.63 (1.50%)

13:15
10/16/19
10/16
13:15
10/16/19
13:15
Options
Wayfair put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Oct

13:15
10/16/19
10/16
13:15
10/16/19
13:15
Conference/Events
FBN Securities media analyst to hold an analyst/industry conference call »

Media & Entertainment…

FB

Facebook

$188.81

(0.00%)

, V

Visa

$177.55

-1.25 (-0.70%)

13:13
10/16/19
10/16
13:13
10/16/19
13:13
Periodicals
Facebook exec still expects Libra to win enough financial backers, Reuters says »

Facebook's (FB)…

FB

Facebook

$188.81

(0.00%)

V

Visa

$177.55

-1.25 (-0.70%)

MA

MasterCard

$277.35

-1.29 (-0.46%)

PYPL

PayPal

$102.55

-0.99 (-0.96%)

BKNG

Booking Holdings

$2,026.75

9.12 (0.45%)

EBAY

eBay

$38.95

0.07 (0.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 23

    Oct

  • 23

    Oct

  • 23

    Oct

  • 24

    Oct

  • 27

    Oct

  • 29

    Oct

  • 29

    Oct

  • 30

    Oct

AKBA

Akebia

$4.46

0.125 (2.89%)

13:10
10/16/19
10/16
13:10
10/16/19
13:10
Recommendations
Akebia analyst commentary  »

Akebia lawsuit against…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LEVI

Levi Strauss

$17.50

0.14 (0.81%)

, WWW

Wolverine World Wide

$28.71

0.115 (0.40%)

13:08
10/16/19
10/16
13:08
10/16/19
13:08
Hot Stocks
Wolverine World Wide appoints Angelo Ng as chief merchant officer »

Wolverine World Wide…

LEVI

Levi Strauss

$17.50

0.14 (0.81%)

WWW

Wolverine World Wide

$28.71

0.115 (0.40%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Oct

PDCO

Patterson Companies

$17.44

0.11 (0.63%)

13:06
10/16/19
10/16
13:06
10/16/19
13:06
Hot Stocks
Patterson does not believe FTC recommendation will impact financials »

Patterson Companies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HUN

Huntsman

$23.10

0.1 (0.43%)

13:05
10/16/19
10/16
13:05
10/16/19
13:05
Downgrade
Huntsman rating change  »

Huntsman downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Oct

LSCC

Lattice Semiconductor

$19.52

-0.24 (-1.21%)

13:02
10/16/19
10/16
13:02
10/16/19
13:02
Hot Stocks
Lattice MachXO3D secure control FPGA receives security certification from NIST »

Lattice Semiconductor …

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Oct

  • 20

    Nov

NFLX

Netflix

$281.31

-2.93 (-1.03%)

, AAPL

Apple

$233.91

-1.35 (-0.57%)

13:00
10/16/19
10/16
13:00
10/16/19
13:00
On The Fly
Fly Intel: What to watch in Netflix earnings report »

Netflix (NFLX) is…

NFLX

Netflix

$281.31

-2.93 (-1.03%)

AAPL

Apple

$233.91

-1.35 (-0.57%)

DIS

Disney

$131.38

1.61 (1.24%)

AMC

AMC Entertainment

$9.28

0.12 (1.31%)

SNE

Sony

$58.66

0.15 (0.26%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 16

    Oct

  • 24

    Oct

  • 24

    Oct

  • 29

    Oct

  • 30

    Oct

  • 30

    Oct

  • 07

    Nov

  • 07

    Nov

TSN

Tyson Foods

$82.13

-1.59 (-1.90%)

12:55
10/16/19
10/16
12:55
10/16/19
12:55
Options
Tyson Foods put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 12

    Nov

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.