U.S. stocks
officially kicked off earnings season, As aluminum prices and increased demand for the fourth quarter of last year, a record net profit of Alcoa since 2008, the highest level since the third quarter. Some analysts said the market began to focus to company performance, the U.S. stock market can look forward to wind the next level.
the fourth quarter, operating income of Alcoa $ 5,650,000,000, less than Wall Street expectations. However, the company achieved net profit of 258 million, equivalent to 24 cents per share, far better than the same period in 2009, also beating market expectations.
Data show that the global aluminum demand has picked up last year by 14%, the highest since 1996, the largest increase. In the fourth quarter, also returned from international aluminum prices since the third quarter 2008 high. Some analysts said Alcoa has turned the corner, the company will continue to benefit from the trend of rising aluminum prices.
Alcoa seems to have just kicked off the U.S. stock market has brought a ray of hope earnings season. This week, JP Morgan Chase, Intel-T and other large companies will produce their own report card, market participants generally good.
private equity fund is expected to Brown Brothers Harriman, Standard & Poor's 500 Index last year's fourth quarter earnings will increase by 34%. However, market participants said that since late last year, Wall Street has begun a strong rise. Even if the company released a good performance, not much room to rise U.S. stocks.
No comments:
Post a Comment