April 8. Alcoa announces today….

Below is chart of Alcoa (AA, white line) with the generic price of 2nd contract in Aluminum (orange line).  I had read a snippet on a financial news website that Alcoa “sets the tone for earnings season.”  Perhaps there is some predictive power associated with a “miss” or “beat” on earnings, but given that AA and aluminum are both near multi-year lows, I’d say the longer term picture is iffy at best.

 

alcoa_aluminum_2013

 

Posted on April 8, 2013 at 11:16 am by alexmanzara · Permalink
In: Eurodollar Options

Leave a Reply