Word: alcoa
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...possible to do something like this. There was an opportunity for me to make a difference." In the summer of 1997, without outside funding or public recognition, he single-handedly removed 45,000 lbs. of junk from a 100-mile stretch of shoreline. Soon a modest grant arrived from Alcoa Corp...
What should you own? If rates keep rising, the rotation into cyclical stocks like Alcoa and Caterpillar that began in April but stalled over the summer could regain momentum. "That play has been shaken but not yet disproved," notes John Manley, market strategist at Salomon Smith Barney. In the fixed-income world, short-term securities are best because they are easily held to maturity and rolled into higher-paying investments...
Neither is true now, though. In the past few weeks, deft traders have been able to make 15 points on IBM in one day or make 6 on 3M or Alcoa, Eastman Kodak or Hewlett-Packard. These are marquee Dow names, not heavily manipulated penny stocks or hyped Net offerings. You could "scalp" a huge gain simply by buying these stocks at the opening and selling them at the bell...
...broad trend in the market. Dare I say it? New-economy firms are out of favor. Since March 31, the smokestack-vintage Dow Jones industrial average has risen 1,000 points, while the tech-laden nasdaq has gone flatter than steel slab. In that period aluminum maker Alcoa rose a shiny 55% and joined heavy industrials such as 3M and Phelps-Dodge in posting heady gains. Tech wonders, including Cisco, Microsoft and Intel, floundered...
...York World, to the very much alive Richard Mellon Scaife, 66, publisher of Pittsburgh's Tribune Review. Pulitzer suffered from nervousness so acute that he lived out his later years in double-insulated, soundproof rooms. As for Scaife, he spent some of his Mellon family megabucks (Alcoa, Mellon Bank) to buy a suburban newspaper, give it a Steel City moniker and publish an unending string of kooky conspiracy theories centered on the Clintons...