Archive for July 12th, 2010

The Alcoa Indicator: Majors Rise in After-Hours (BA, CAT, CENX, F, GE, TIE, X)

Alcoa, Inc. is a stock that many investors and traders try to use as a proxy for earnings season for other major companies.  Of the companies which are large end-users of the metal (hence Alcoa’s comments about rising demand), we are watching Boeing Co. (NYSE: BA), Caterpillar Inc. (NYSE: CAT), Century Aluminum Co. (NASDAQ: CENX), [...]

After-Hours: AIG Sees Larger Berkowitz/Fairholme Stake (AIG)

American International Group Inc. (NYSE: AIG) is seeing a new larger stake taken in recent days or weeks from Bruce Berkowitz’ Fairholme Capital Management, L.L.C. The new stake is higher than previously seen 15,038,100    shares or 11.13% as of March 31, 2010… which may have been raised between now and then as well.  The new [...]

After-Hours Spike: Berkowitz/Fairholme Show MBIA Stake (MBI)

MBIA Inc. (NYSE: MBI) is trading higher in the after-hours session after and SEC filing disclosed that Fairholme Capital Management, L.L.C., run by Bruce Berkowitz, now holds an 11.1% stake or 22,736.200 shares.  If other “HOLDER” filings are accurate and up to date, that would make Berkowitz the largest holder of the common stock compared [...]

Ahead of Alcoa Earnings: Speculators Mount Options Assault (AA)

Alcoa, Inc. (NYSE: AA) is to be the first of the 30 Dow Jones Industrial Average components reporting earnings this earnings season with results due after the close today.  Right after 2:05 PM EST we have shares trading down 0.7% at $10.87 on almost 26 million shares.  The real move is in the speculative options [...]