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FMAT - Alcoa: You Gotta Know When To Hold'em Know When To Fold'em
June, 10 2022 03:22 PM
Fidelity MSCI Materials Index
Alcoa is facing a tough market, affected by inflationary pressures and the associated interest rate increases. The company has made good steps in controlling their production cost and is transitioning rapidly into "greener" aluminum products. Despite aluminum prices expected to fall towards the end of 2022, the EV transition may support demand. Trading at 4.7 times its forward earnings, and with very conservative quarterly earnings of $1 per share, shares offer a large upside potential. For further details see:
Alcoa: You Gotta Know When To Hold'em, Know When To Fold'em
Stock Information
Company Name:
Fidelity MSCI Materials Index
Stock Symbol:
FMAT
Market:
NYSE
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