05.12.2016 13:50:00
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Technical Roundup on Basic Materials Stocks -- Alcoa, Rayonier Advanced Materials, LSB Industries, and Chemical & Mining Co. of Chile
NEW YORK, December 5, 2016 /PRNewswire/ --
Stock-Callers.com brings focus back on the Basic Materials sector, which is engaged in the uncovering, unearthing, and processing of raw materials. On November 10, 2016, research firm Charles Schwab has reiterated its "Market Perform" rating on the sector due to an accommodative Federal Reserve, a generally positive U.S. economic picture, and a slightly improving European economy. Equities in today's lineup are: Alcoa Corp. (NYSE: AA), Rayonier Advanced Materials Inc. (NYSE: RYAM), LSB Industries Inc. (NYSE: LXU), and Chemical & Mining Co. of Chile Inc. (NYSE: SQM). Sign up today and download for free the research reports for the stocks covered today at:
http://stock-callers.com/registration
Alcoa
New York-based Alcoa Corp.'s shares recorded a trading volume of 3.87 million shares last Friday. The stock finished the trading session 0.55% higher at $29.04. The Company's shares have gained 26.76% in the last one month and 29.57% since the start of this year. Furthermore, shares of Alcoa, which engages in mining and production of bauxite, alumina, and aluminum products, are trading 9.85% above both their 50-day and 200-day moving averages.
On November 01st, 2016, Alcoa Corp. announced that it has completed the separation from its parent company Alcoa Inc. (now named Arconic Inc.) and has begun operating as an independent, publicly-traded company listed on the NYSE under the symbol "AA." Alcoa Corp. is a globally cost-competitive industry leader in bauxite, alumina and aluminum products, positioned to succeed throughout the market cycle.
On November 07th, 2016, research firm Morgan Stanley initiated an 'Overweight' rating on the Company's stock, issuing a target price of $27 per share. AA complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=AA
Rayonier Advanced Materials
On Friday, Jacksonville, Florida headquartered Rayonier Advanced Materials Inc.'s stock ended the session 0.80% higher at $13.88. A total volume of 319,206 shares was traded. The Company's shares have gained 16.35% in the last one month, 14.21% over the previous three months, and 44.62% on an YTD basis. The stock is trading 5.25% above its 50-day moving average and 15.13% above its 200-day moving average. Moreover, shares of Rayonier Advanced Materials, which manufactures and sells cellulose specialty products in the US, China, Japan, Canada, Europe, Latin America, other Asian countries, and internationally, have an RSI of 55.84.
On October 31st, 2016, Rayonier reported Q3 2016 net income of $22 million, or $0.44 diluted earnings per common share, compared to net income for Q3 2015 net income of $32 million, or $0.76 per diluted common share. The company's Q3 2016 net sales were $207 million, down 19% compared to Q3 2015. The complimentary report on RYAM can be downloaded at:
http://stock-callers.com/registration/?symbol=RYAM
LSB Industries
Oklahoma headquartered LSB Industries Inc.'s stock ended the day 6.26% lower at $7.79 with a total trading volume of 494,619 shares. The Company's shares have gained 54.87% in the last month and 7.45% on an YTD basis. The stock is trading 7.67% above its 50-day moving average. Additionally, shares of LSB Industries, which through its subsidiaries, manufactures and sells chemical products, water source and geothermal heat pumps, and air handling products in the US and internationally, have an RSI of 49.65.
On November 22nd, 2016, LSB Industries announced that it resumed production of nitric acid at its El Dorado, Arkansas chemical facility on November 16th, 2016, following the completion of a temporary nitrous oxide bypass system, and the receipt of required permitting from state regulators. The work was completed to remedy a previously disclosed leak in the nitrous oxide abatement vessel of El Dorado's new nitric acid plant. Sign up for your complimentary report on LXU at:
http://stock-callers.com/registration/?symbol=LXU
Chemical & Mining Co. of Chile
Shares in Santiago, Chile headquartered Chemical & Mining Co. of Chile Inc. recorded a trading volume of 380,260 shares. The stock ended Friday's session 1.21% higher at $28.40. The Company's shares have advanced 2.38% over the previous three months and 58.48% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.03% and 19.35%, respectively. Furthermore, shares of the Company, which produces and sells specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services, have an RSI of 53.77.
On November 15th, 2016, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, issuing a target price of $33 per share.
On November 23rd, 2016, the Company announced Q3 2016 net income of US$55.8 million (US$0.21 per ADR) compared to US$13.7 million (US$0.05 per ADR) for Q3 2015. Gross profit for Q3 2016 reached US$145.7 million; higher than the US$129.5 million recorded in Q3 2015. The company's Q3 2016 revenues totaled US$504.0 million, an increase of approximately 13.2% compared to Q3 2015. Download the research report for free on SQM at:
http://stock-callers.com/registration/?symbol=SQM
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Aktien in diesem Artikel
Alcoa Corp | 43,52 | -3,20% | |
LSB Industries Inc.Shs | 8,25 | -1,20% | |
Rayonier Advanced Materials Inc When Issued | 8,35 | -0,60% | |
Sociedad Quimica y Minera de Chile ADRs | 36,20 | 0,00% |