Happy Earnings Season 2013

Open Water - Shark Movie

Alcoa beats but the trading and volume feels like the sharks are circling.

Alcoa (AA) reported and their revenue beat the Street.  Off we go into Earnings Season 2013.

Alcoa shares closed flat today at $9.10 a share. Following the earnings report, Alcoa ticked 8 cents higher to close at $9.18.  Alcoa predicts that demand for aluminum will increase 7% in 2013.  That's good news considering last year in 2012 the company had a gain of 6%.  Alcoa believes the best prospects are in aerospace but there will be slower improvements in demand for autos, packaging, and building & construction materials.

Mastery hopes stocks will have a better day Wednesday thanks to Alcoa's decent news.  The futures are looking good late Tuesday night with all 3 major indexes slightly higher. 

Index Future Future Date Last Net Change Open High Low Time
DJIA INDEX Mar13 13,283.00 +16.00 13,296.00 13,296.00 13,277.00 23:10:42
S&P 500 Mar13 1,453.70 +1.40 1,452.30 1,456.40 1,451.90 23:14:52
NASDAQ 100 Mar13 2,716.50 +2.50 2,717.00 2,721.00 2,715.25 23:10:53