Alcoa misses - QMG data highlights continued pressure on fundamentals
QMG
Alcoa Q1 2016 sales $4.95bn = -5% below analyst expectations (-15% yoy) – we previously warned about this.... QMG analysis shows continued pressure on fundamentals across AA key/core markets – see attached chart below underscoring this point as regards US aluminium. Still no reason/opportunity to view this product group favourably. For investors looking for materials exposure in USA – we highlight the positive trends across Cement - second chart.
QMG provides insights into global markets that traditional research does not and has an innovative and data-driven approach as its foundation. The unique model we use analyses large quantities of information and produces monthly observations...
Expertise
No areas of expertise
QMG provides insights into global markets that traditional research does not and has an innovative and data-driven approach as its foundation. The unique model we use analyses large quantities of information and produces monthly observations...
Expertise
No areas of expertise