Tag Archives: Alcoa

Tough Day in Euroland

Europe came back from its long Easter weekend and took a nasty spanking. Spain’s sovereign spread over German bunds blew out 26.3 bps and is within 40 bps of its November high, while Italy moved 27.4 bps wider.   The large … Continue reading

Posted in Black Swan Watch, Equities, Euro, Eurozone Sovereign Spreads, German Bund, Sovereign Debt, Sovereign Risk | Tagged , , , , , | Leave a comment

Macro Notes from the Alcoa Conference Call

4Q 2011 Highlights Loss from continuing operations of $193 million, or $0.18 per share; excluding special items, loss from continuing operations of $34 million, or $0.03 per share Revenue of $6 billion, down 7 percent sequentially, up 6 percent from … Continue reading

Posted in Commodities, Earnings | Tagged , , | 1 Comment

Macro Notes from the Alcoa Conference Call

Here is our takeaway from the Alcoa conference call.  We build our macro view on micro foundations.   Alcoa’s stock is down 7 percent since announcing earnings on Monday evening.  The following are excerpts from the conference call taken directly from … Continue reading

Posted in Commodities, Earnings, Japan | Tagged , , | Leave a comment