Foiled in 2012, Alcoa Stock Looking Up in ’13

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

[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.


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

  1. [Image]:
  2. 10 Best Stocks for 2012:
  3. AA:
  4. JPM:
  5. January’s seven-month high in global manufacturing PMI:
  6. fifth consecutive month:
  7. cutting global GDP growth forecasts:
  8. China PMI on the mend:
  9. nonmanufacturers are stockpiling the metal:
  10. TOL:
  11. PHM:
  12. shielded from the surplus in supply:
  13. NHYDY:
  14. modest growth in aluminum demand:
  15. global PMI readings here:
  16. Jeff Reeves:
  17. “The Frugal Investor’s Guide to Finding Great Stocks.”:

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