Actionable news
All posts from Actionable news
Actionable news in AA: ALCOA INC,

Alcoa (AA) Stock Gains on Aluminum Trade Investigation, Jim Cramer’s Take

NEW YORK (TheStreet) -- Alcoa (AA - Get Report) stock is increasing 0.58% to $9.56 in early afternoon trading Thursday after the U.S. International Trade Commission began an investigation of the impact of aluminum imports on the domestic industry.

A similar investigation into steel imports earlier this year resulted in higher tariffs, especially on Chinese imports, causing steel-related stocks to rally.

If the U.S. government imposes tariffs on aluminum imports, Alcoa's stock price could double, TheStreet's Jim Cramer said on CNBC's Squawk on the Street this morning.

Back by Popular Demand…“Confessions of a Street Addict” Get a FREE...