Ranking InvestorPlace’s 10 Best Stocks for 2012 Through Q3

See how the picks stack up heading into the homestretch

      View All  
Ranking InvestorPlace’s 10 Best Stocks for 2012 Through Q3

trans Ranking InvestorPlace’s 10 Best Stocks for 2012 Through Q3No. 5: Alcoa

Alcoa185 Ranking InvestorPlace’s 10 Best Stocks for 2012 Through Q3Q3 Return: +1%
YTD Return: 
+2%
Investor: 
Jeff Reeves

It’s been an up-and-down year, but Alcoa (NYSE:AA) could be perfectly poised for a fourth-quarter run to shake up the standings. The company broke into the top five with a two-spot gain over the last three months.

It hasn’t necessarily been pretty, though. Even recently, Alcoa has struggled, facing an 18% drop in “realized prices” during Q2 for a whopping 50% price drop over the past year.

But, as InvestorPlace Editor Jeff Reeves told us, investors already have baked in the low prices for aluminum — and they have low expectations for the company. Plus, the current low prices also confirm his original thesis: Aluminum prices and demand have no where to go but up.

All of it could mean the perfect storm for Alcoa — unless the usual woes of the global economy that FedEx warned about prove Reeves’ prediction wrong.

Disclosure: Jeff Reeves owns a personal position in Alcoa stock.trans Ranking InvestorPlace’s 10 Best Stocks for 2012 Through Q3


Article printed from InvestorPlace Media, http://investorplace.com/2012/10/ranking-investorplaces-10-best-stocks-for-2012-through-q3/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.