Higher costs could slow their earnings

The shares of Boeing and Howmet have jumped about 50% in the past year as the easing of COVID-19 travel restrictions spurs demand for new aircraft. However, ongoing supply chain issues and rising costs for materials and labour will likely hold back earnings growth.
BOEING CO… Read More

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ARCONIC CORP. $29 is a hold. This company (New York symbol ARNC; Manufacturing & Industry sector; Shares outstanding: 105.8 million; Market cap: $3.1 billion; No dividend paid; Takeover Target Rating: Highest; www.arconic.com) makes rolled aluminum products.
On April 1, 2020, the old Arconic Inc. split into two companies: Howmet Aerospace… Read More

Activists want buyers for these two

We keep an eye on activist investors, as they tend to zero in on depressed companies that could unlock value with a spinoff or sale. Here are two firms that are now under activist pressure to sell themselves. While that may attract offers, we see… Read More

Rising input costs add to their risk

The easing of the pandemic and rising industrial activity are spurring the shares of Howmet and Arconic. However, rising prices for raw materials and labour will hold back their earnings for the next year or two.
HOWMET AEROSPACE INC. $38 is a hold. The company (New York symbol… Read More

Keep holding these after their big gains

On April 1, 2020, the old Arconic Inc. split into two new companies: Howmet and Arconic Corp. As a result, each Arconic Inc. share automatically converted to one share of Howmet; shareholders also received one share of Arconic Corp. for every four shares of Arconic… Read More

Alcoa remains the better pick for now

On November 1, 2016, Arconic spun off its bulk aluminum business as Alcoa. Investors received one Alcoa share for every three Arconic shares they owned.
Alcoa is now up over 300% since the split, thanks largely to rising aluminum demand and prices as the global economy… Read More