Analysts have reduced the earnings forecast of Alcoa by 40%. They are now hoping that Alcoa can attain an EPS of $0.12.
The stock has recently bounced back and it is now trading at only $11, an extreme discount to what it was trading just 5 months ago.
I am sticking to go long on equities. I am long Alcoa, Bank Of America, United States Steel, Accelor Mittal through this earnings season.
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