10 Best Stocks for 2012: The Results Are In

Find out how our experts' picks fared in last year's contest

      View All  

trans 10 Best Stocks for 2012: The Results Are InNo. 7: Alcoa

Alcoa185 10 Best Stocks for 2012: The Results Are InQ4 Return: -3%
Total Return:
2%
Investor: 
Jeff Reeves

In Q3, Alcoa (NYSE:AA) broke into the top five and look poised to make a run down the homestretch. Unfortunately, that run never did happen.

AA managed to end just slightly in the black — better than the back of the pack can say — but its 2% gains aren’t anything to write home about.

InvestorPlace Editor Jeff Reeves summed up the year’s problems nicely: He was betting on a global manufacturing recovery and an improvement in aluminum pricing, but didn’t get either, all while investors remained defensive.

Like Burrows, Reeves is sticking to his pick — even though it didn’t win him any honor in the contest. He believes many of the same bullish arguments for the stock hold true for the coming year. Plus, Alcoa has an attractive valuation and is a cyclical play. The global economy won’t be deadbeat forever.

Then again, that’s what he said last year.

Disclosure: Jeff Reeves owns Alcoa stock.trans 10 Best Stocks for 2012: The Results Are In


Article printed from InvestorPlace Media, http://investorplace.com/2013/01/10-best-stocks-for-2012-the-results-are-in/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.