ARNC - Why I Added Arconic To My Watchlist
Arconic (ARNC), the Pittsburgh, Pennsylvania-based producer of aluminum products just reported its fourth-quarter earnings. The company's sales and EPS came in higher than expected. However, rising costs are pressuring operating income from core business segments which means not a lot has changed since I wrote my last article in July of 2018. Neither has the stock unfortunately, as the stock price is still stuck at the 52-week lows. I also doubt that the weakening economy will make it easier to escape from this slump. Staying away continues to be the best decision