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Service ISM 80% economy and Mfg ISM above 50...First company report beat topline and bottomline...Load up SAPE while you can...
Alcoa posts surprise 3rd-quarter profit of $77M; forecasts higher global aluminum demand By Daniel Lovering, AP Manufacturing Writer 6:10 pm EDT, Wednesday October 7, 2009 PITTSBURGH (AP) -- Painful cost-cutting and rising sales to automakers helped America's largest aluminum producer return to profitability for the first time in nine months. Alcoa Inc. on Wednesday also forecast an 11 percent increase in worldwide aluminum demand for the rest of the year. The lightweight metal is used in everything from airplanes to cars to houses. Rating :
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***4Q REPORTS BEAT FCST...FUTURES UP
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econ_recove...
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