Enjoy this FREE Stock Market Business Report, compliments of Sharelord®, The Most Powerful CashFlow Strategy On The Planet… To find out more about this Best Selling Stock Market Education, Visit http://BeneficialCashflowTips.com/
With important debt sales by Italy and Spain later this week and the beginning of earnings season in the U.S. after the close, the major stock indexes never moved very far from unchanged levels during trading today. The Dow Jones Industrial Average finished higher by 32.77 points. Its 0.27-percent move was the largest of the day among the majors. The S&P 500 rose by 2.89 points, or 0.23 percent. The Nasdaq Composite eked out a gain of 0.09 percent when it settled 2.34 points higher. Volume on the major U.S. exchanges totaled 5.98 billion shares. Average volume is 6.61 billion shares.
German Chancellor Angela Merkel and French President Nicolas Sarkozy, who met in Berlin today, said they want EU states to complete their negotiations on a planned new treaty quickly so it can be signed on March 1. They also warned Greece that it will get no more bailout funds until it agrees with its creditor banks on a bond swap and a deal to avert a potential default.
After the close in New York, Alcoa Inc. (AA), the largest aluminum producer in the U.S., reported results for the quarter that ended on December 31. It had a loss of $191 million, or 18 cents a share. During the fourth quarter of 2010 Alcoa had a profit of $258 million, or 24 cents a share. Excluding restructuring costs the loss was 3 cents a share, which matched the consensus estimate.
It was the first loss for the company since the second quarter of 2009. Aluminum prices had fallen back then on the heels of the late-2008 financial crisis that severely hurt the global economy. Aluminum prices fell in 2011 as well, with the average price in the fourth quarter 11 percent below the same period in 2010.
Here is how the company summed up 2011 in its earnings press release: “Alcoa turned in solid performance in a volatile year by responding quickly to changing market conditions and relentlessly managing cash. We stayed focused on growth and took aggressive action to cut costs, improve our competitiveness, and strengthen our balance sheet,” said Alcoa Chairman and CEO Klaus Kleinfeld.
For the current year, Alcoa expects global aluminum demand to grow 7 percent and the company is forecasting a global deficit in primary aluminum supply. Shares of the stock rose by 0.27, or 2.89 percent, to 9.43 during regular trading today. The stock edged higher by a few cents in after-market trading.
Sharelord® investors who want to be in the market can insure themselves against any possible declines by owning one put option for every 100 shares of stock they are using in their trades.
P.S. Investors who demand perfection, have a way of finding it. If you are not a private client of Sharelord® and you would like to find out more information about this popular and Best Selling Stock Market Education, Visit http://BeneficialCashflowTips.com/
Investments can rise and fall in value. The decision to invest or trade and the method selected is a personal decision. There is the potential for profits and donations. Although every effort will be made to explain the risks associated with the strategies, not all risks can or will be explained in any format. Sharelord® and associates does not, and must not be construed as providing recommendations in relation to any securities or other financial products. It does not constitute and must not be construed as an offer of securities or other financial products nor is it an invitation for you to take up securities or other financial products. With the Sharelord® Homestudy education and the Sharelord® Trading Diary, we provide educational information for your evaluation only.
Copyright© 2011, Sharelord® All Rights Reserved