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Search resuls for: "Alcoa Inc"


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With earnings season kicking off, we'll break down an industrial stock reporting Friday and how to trade it. Historically, Alcoa Inc. marked the start of earnings season, being one of the first major companies to report results. It has underperformed the S & P year-to-date, down nearly 2.5% and declining more than 20% since the late March highs. The company's sales data, reflecting real-time demand for industrial and construction supplies, is closely linked to economic health. The trade Given the expectation that the stock is unlikely to rebound on earnings, a calendar spread could be a suitable trade.
Persons: Wells Fargo, Wells, we're Organizations: Alcoa Inc, JPMorgan Chase, Citigroup, Fastenal, CNBC, NBC UNIVERSAL Locations: Wells, U.S, United States, Fastenal
Alcoa — Shares of the aluminum stock slipped 6.1% after the company said executive vice president William Oplinger would succeed Roy Harvey as CEO and president. Li Auto — U.S.-traded shares of the Chinese EV company dropped 10% following news that Huawei made moves in the increasingly competitive space. GE HealthCare Technologies — Shares of the medical technology gained 3.3%. JD.com — U.S.-listed shares of the Chinese e-commerce stock slid 2.1% as concerns over the state of the country's economy grew. Chefs' Warehouse — The specialty food distributor popped 1.6% after UBS initiated coverage of the stock at a buy.
Persons: William Oplinger, Roy Harvey, Oplinger, Nio, Li, Leonard Green, Canaccord Genuity, Yun Li, Jesse Pound, Pia Singh, Brian Evans, Hakyung Kim Organizations: Alcoa Inc, Davenport, Alcoa —, U.S, Li Auto, EV, Huawei, GE HealthCare Technologies, GE HealthCare, Williams, Sonoma —, Green Equity Investors, Partners, Dow Inc, JPMorgan, Technologies, Citi, Chefs, UBS, Hudson Technologies Locations: Riverdale , Iowa, Williams, Sonoma,
Alcoa Corp. named a new finance chief amid a wider executive reshuffle as the aluminum producer faces soaring energy costs and volatile prices. Ms. Beerman succeeds current CFO William Oplinger, who will become chief operations officer next month after about six years in the top finance role. In addition, two executive vice presidents—Chief Operations Officer John Slaven and Chief Innovation Officer Benjamin Kahrs —are leaving as part of the restructuring, Alcoa said. It will “ensure continued improvement and focus on Alcoa’s strategies to operate as a low-cost, margin-focused, sustainable producer,” Chief Executive Roy Harvey said in a statement. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.
Alcoa Corp. on Tuesday unveiled an executive shake-up that includes the appointment of new chief financial and operations officers for the aluminum giant. The Pittsburgh, Pa.-based company said William Oplinger, currently executive vice president and chief financial officer, will become chief operations officer on Feb. 1, while Molly Beerman, currently senior vice president and controller, will become executive vice president and finance chief. PREVIEW Mr. Oplinger has been Alcoa’s chief financial officer since the separation of Alcoa Inc. into two separate companies in November 2016. Alcoa said a pair of executive vice presidents—Chief Operations Officer John Slaven and Chief Innovation Officer Benjamin Kahrs —are leaving as part of the restructuring. Alcoa said Renato Bacchi, currently executive vice president and chief strategy officer, will become chief strategy and innovation officer, taking on oversight of the company’s research-and-development technologies.
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