Here are three key updates on your portfolio

Article Excerpt

ALCOA CORP. $49 is a still buy for the Resources portion of your portfolio. The company (New York symbol AA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 184.5 million; Market cap: $9.0 billion; Price-to-sales ratio: 0.8; Dividend yield: 0.8%; TSINetwork Rating: Extra Risk; www.alcoa.com) is a leading producer of bauxite ore with mines in Australia, Brazil, Guinea (West Africa) and Saudi Arabia. It also operates refineries that convert bauxite into aluminum products. The stock is down 50% from its recent peak of $98 in March 2022. That’s mainly because COVID-19 lockdowns in China have slowed aluminum demand and prices. However, aluminum inventories are at 21-year lows, which should support the current price. Alcoa’s strong balance sheet will also help it cope. As of March 31, 2022, it held cash of $1.55 billion, while its long-term debt of $1.73 billion is a low 19% of its market cap. Alcoa is a buy. NORTONLIFELOCK INC. $22 is a buy. The security software maker (Nasdaq symbol NLOK; Aggressive Growth Portfolio, Consumer sector;…

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