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CNBC News Associate
Earnings season is a few weeks away and Dow component and economic bellwether Alcoa is already on investors’ radar. David Silver, equity research analyst at Wall Street Strategies, shared his insights on the company.
“I don’t think Alcoa’s [AA
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Silver said Alcoa so far has made a great move over the past 6 months, aluminum prices have soared and the end markets are looking better than they were earlier on in the year.
“Fundamentally, inventories are still extremely high,” he said. “It’s tough to be in an environment with rising prices, rising inventory levels and production that’s relatively flat.”
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Disclosure:
No immediate information was available for Silver or his firm.
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Other Top Metals Companies:
Arcelor Mittal [MT
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Freeport-McMoRan Copper & Gold [FCX
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United States Steel [X
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Nucor [NUE
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Data is a real-time snapshot *Data is delayed at least 15 minutes