Aluminum maker Alcoa (AA) is doing great in 2014, with its shares effectively up 55%. Anyway, the great thing is that Alcoa hasn't used up breath yet. The organization as of late reported strong second-quarter results, and looking ahead, strong energy in various end markets will keep impelling Alcoa shares higher.
Alcoa's performance in the downstream segment was good in the previous quarter, as the organization recorded the highest level of profit as well as margin. Moreover, midstream profit increased 34%, and the upstream also put in an enhanced performance.
Aerospace prospects look strong
At present, Alcoa looks like another organization that has moved its focus on to specialized products like combination components for aircrafts. The organization is focused on transforming its portfolio through the $3 billion acquisition of Firth Rixson, which strengthens its as of now solid aerospace portfolio and affirms the administration's dedication to the aerospace industry.
As of late, Alcoa also affirmed that it has won an enormous contract from Pratt & Whitney in the aerospace sector.
So, Alcoa's focus on advancement is permitting it to make good progress in the aerospace business. This is uplifting news for investors as the substantial business airplane segment is required to develop 12.1%. What's more, Alcoa sees a robust business plane request book with nine years of creation build-up as of now.
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