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RUSAL sees stroStacking Up the Aluminum Stocks: NOR, AA, AWC, CENX, KALU, ACHng demand, prices intact after Q1 profits rise
Edited by : AL CIRCLE
1 min read
Did you know that about 40% of a stock's net performance has nothing to do with the company's merits, but is directly attributable to the sector/industry it's in, and that group's net movement? Ergo, you find a good (budding) sector, and the battle's almost half-won.
Well, aluminum is apt to be one of the market's next hottest sector, led by none other than Alcoa Inc. (NYSE:AA) and Noranda Aluminum Holding Corporation (NYSE:NOR). Yet, those high-profile names aren't necessarily the best stocks picks... at least not in terms of potential gains for newcomers. No, that honor belongs more to less-well-known Century Aluminum Company (NASDAQ:CENX) and Kaiser Aluminum Corp. (NASDAQ:KALU). Here's a closer look at why those two names are standouts, and for that matter, why the industry as a whole is a good-looking 'buy' as we head into the summer doldrums.
Well, aluminum is apt to be one of the market's next hottest sector, led by none other than Alcoa Inc. (NYSE:AA) and Noranda Aluminum Holding Corporation (NYSE:NOR). Yet, those high-profile names aren't necessarily the best stocks picks... at least not in terms of potential gains for newcomers. No, that honor belongs more to less-well-known Century Aluminum Company (NASDAQ:CENX) and Kaiser Aluminum Corp. (NASDAQ:KALU). Here's a closer look at why those two names are standouts, and for that matter, why the industry as a whole is a good-looking 'buy' as we head into the summer doldrums.
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