Why You Shouldn't Bet Against Alcoa Corporation (AA) Stock?

One stock that might be an intriguing choice for investors right now is Alcoa Corporation AA . This is because this security in the Metal Products-Distribution space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Metal Products-Distribution space as it currently has a Zacks Industry Rank of 28 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Alcoa is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

ALCOA CORP Price and Consensus

ALCOA CORP Price and Consensus | ALCOA CORP Quote

In fact, over the past month, current quarter estimates have risen from 71 cents per share to 77 cents per share, while current year estimates have risen from $2.83 per share to $3.09 per share. This has helped AA to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see  the complete list of today’s Zacks #1 Rank stocks here .

So, if you are looking for a decent pick in a strong industry, consider Alcoa Corporation. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we’re targeting

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ALCOA CORP (AA): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research


comments powered by Disqus