A Producer of primary aluminum, fabricated aluminum, and alumina, and is active in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling.
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Navellier Growth Stock of the Day, Sell recommendation. AA is traditionally the company that kicks off earnings season, and this quarter wasn’t any different. On January 9, the company announced a fouth-quarter loss of $193 million or $0.18 per share. This is in sharp contrast to last year's fourth-quarter earnings of $0.15 per share. The loss is disappointing, but the silver lining is AA's forward guidance. The company expects global aluminum demand to grow 7%. This was higher than industry estimates and that is what has the market so excited this morning. Growth in the aluminum market has investors hopeful for an improving global economy.