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