Foiled in 2012, Alcoa Stock Looking Up in ’13

by Jeff Reeves | November 30, 2012 12:27 pm

Foiled in 2012, Alcoa Stock Looking Up in ’13

best stocks for 2012 logo1 Foiled in 2012, Alcoa Stock Looking Up in '13[1]At the end of 2011, InvestorPlace launched a feature of the 10 Best Stocks for 2012[2]. My pick was Alcoa (NYSE:AA[3]), in hopes of signs of a recovery in a global manufacturing generally and improvement in aluminum pricing specifically.

Oops.

A year later, the stock is almost exactly where I bought it — and yes, I did buy it personally in my own portfolio, so I have skin in the game here.

So what held Alcoa stock back in 2012?

All this is proof that I won’t “win” the 10 Best Stocks for 2012[2] contest.

But for the record, I am not going to bail out of my Alcoa shares when this year’s edition of the stock picking feature ends in a few weeks. Here’s why:

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Jeff Reeves[16] is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.”[17] Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP. As of this writing, he held a long position in Alcoa.

Endnotes:
  1. [Image]: http://www.investorplace.com/best-stocks-for-2012/
  2. 10 Best Stocks for 2012: http://investorplace.com/best-stocks-for-2012/
  3. AA: http://studio-5.financialcontent.com/investplace/quote?Symbol=AA
  4. JPM: http://studio-5.financialcontent.com/investplace/quote?Symbol=JPM
  5. January’s seven-month high in global manufacturing PMI: http://www.ism.ws/files/ISMReport/JPMorgan/JPMorganMfg020112.pdf
  6. fifth consecutive month: http://www.ism.ws/files/ISMReport/JPMorgan/JPMorganMfg110212.pdf
  7. cutting global GDP growth forecasts: http://www.reuters.com/article/2012/11/27/us-oecd-economy-idUSBRE8AQ0DB20121127
  8. China PMI on the mend: http://slant.investorplace.com/2012/11/is-china-back/
  9. nonmanufacturers are stockpiling the metal: http://online.wsj.com/article/SB10001424127887324352004578136901061507138.html
  10. TOL: http://studio-5.financialcontent.com/investplace/quote?Symbol=TOL
  11. PHM: http://studio-5.financialcontent.com/investplace/quote?Symbol=PHM
  12. shielded from the surplus in supply: http://online.wsj.com/article/SB10001424127887324352004578136901061507138.html
  13. NHYDY: http://studio-5.financialcontent.com/investplace/quote?Symbol=NHYDY
  14. modest growth in aluminum demand: http://www.bnamericas.com/news/metals/norsk-hydro-forecasting-global-aluminum-demand-to-grow-by-2-4-in-2013-excluding-china
  15. global PMI readings here: http://www.ism.ws/ISMReport/content.cfm?ItemNumber=14332
  16. Jeff Reeves: http://slant.investorplace.com/author/profile/jeff-reeves/
  17. “The Frugal Investor’s Guide to Finding Great Stocks.”: http://www.amazon.com/dp/B007KB9CSI/ref=rdr_kindle_ext_tmb

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