Arconic’s aerospace and automotive product lines will help the company deliver profitable growth.
Alcoa shares traded sharply lower after the company reported third-quarter earnings on Oct. 11. The key factor weighing on share prices was undoubtedly management's downward adjustment to its guidance for all three value-add segments. As discussed in our second-quarter earnings note, we had been highly skeptical that management would be able to achieve its prior guidance. With this outlook already reflected in our valuation model, our companywide 2016 EBITDA forecast is largely unchanged. Howeve...Arconic is engaged in lightweight metals engineering and manufacturing. The company's segments include: Engineered Products and Solutions, which produces products that are used mainly in the aerospace (commercial and defense), industrial, commercial transportation, and power generation end markets; Global Rolled Products, which produces aluminum sheet and plate for a variety of end markets, and also produces aseptic foil for the packaging end market; and Transportation and Construction Solutions, which produces products that are used in the commercial transportation and nonresidential building and construction end markets, and also produces aluminum products for the industrial products end market.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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