Wednesday, 9 January 2013

Alcoa (US Stock) powers Asia market forward

Dear Friends,

As mentioned in last article, Alcoa will kick off the earnings season with its own earnings release. Good start to the earnings season as Alcoa’s shares climbed after hours after it swung to a fourth-quarter profit and said it expects global aluminum demand to grow 7% in 2013, compared with 6% in 2012.

http://www.marketwatch.com/story/alcoa-swings-to-profit-on-lower-expenses-2013-01-08

We pay attention to this aluminium king not only because it is the first major company releasing results. But it also represents the whole of industrial metal industry. Industrial metals are like copper, aluminium, zinc and tin. Wall Street look to this company to know the future of the industry. Wallstreet listens to what the CEO said about the forecasts and projections. Hence it is extra important for us to take note.  

Prices of industrial metals on the rise today:
http://www.bloomberg.com/markets/commodities/futures/metals/


As traders, we should identify the GIANTS who represent that industry and listen to their press conference speech or report. All these info are FREE in US! Probably this piece of news will bring some confidence back to precious metals.

And it gives the earnings season an excellent start. Today the ASIA market goes up because of this news. I anticipate the whole general 4th quarter results from US to be good and better than 3rd quarter. Looking forward to this quarter earnings.

Rgds
Daniel
www.danielloh.com

Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...