ARNC - Arconic: The End Of The Tunnel

Introduction

The present Coronavirus-related shutdowns has hit the industrial sector harder than others. While the tech-heavy NASDAQ index repeatedly breaks new records, the industrial-focused DJIA index is still trading at a price of nearly 10% lower compared to the Pre-Coronavirus high in February; while the Vanguard Industrial ETF experiences a 14% decline.

Source: lightmetalage.com

Of the industrial stocks hit, none have been shocked like the industrial stocks in the rolled aluminum industry. Arconic (ARNC) is a company that specializes in the production of Rolled Aluminum, Aluminum Extrusions, and Construction Systems. The cheap aluminum