Stocks On Radar: Intel Corporation (NASDAQ:INTC); Alcoa Inc. (NYSE:AA) And Rite Aid Corporation (NYSE:RAD)

Intel Corporation (NASDAQ:INTC)   was in the limelight after analyst Bob Lang at Explosive Options argued the case of chip makers as the perfect investment sector. In his argument he reiterated that chipmakers like Intel, Qualcomm and several of the other players have been flag bearers of technology stocks and have succeeded as overall market leaders as well. Though the sector is in the midst of a downtrend, it is one of the best sectors to invest in, he recommended. He however remained cautious about semiconductor ETF SMH despite the apparent weakness.

Alcoa Inc. (NYSE:AA) is a stock to watch after the company declared stellar results. It beat the estimates by 8 cents per shares by reporting a profit of 31 cents per share. The main reason for higher profits and increased sales was attributed to higher aluminium and lesser costs. Shares of Alcoa Inc. (NYSE:AA) are up by 1.62% in Pre-market trading to trade at $16.07.

Rite Aid Corporation (NYSE:RAD) announcement on Tuesday of the wide-ranging stock for the Halloween season is aimed at capturing a part of the projected $7.4 billion Halloween Consumer Spend in 2014. Latest data from National Retail Federations 2014 survey on the spending trends reported that this year Halloween revellers are likely to spend in the region of $7.4 billion. RAD hopes to tap this market with its 4,600 convenient locations across the country.

AK Steel Holding Corporation (NYSE:AKS) on Wednesday received the federal government’s response to its complaint on dumping of non-oriented electrical steel by overseas players. The company had sought the US Department of Commerce direction on goods made in Taiwan and China, South Korea, Germany, Japan as well as Sweden being sold at throw-away prices in US.

The Federal government on Wednesday announced the imposition of duties on imports made from these countries for non-oriented steel. The Department of Commerce announced that anti-dumping duties for South Korean companies are fixed upwards of 6.88%, while Chinese companies will have to pay 407.52% and more.

Japanese JFE Steel Corporation will have to pay 204.79% as import duty for motors, generators and steel the agency announced. Separately Taiwan and China will also have to pay anti-subsidy duties as well, the news report noted.

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John is a special projects and general assignment reporter, noted for breaking several exclusive stories.

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