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[ Thu, Dec 19th 2024 ]: businesslive.co.za
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[ Wed, Dec 18th 2024 ]: Business Today
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Jim Cramer on Alcoa Corporation (AA): 'I Have To Go With The Crowd And Say, Not Now'

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
We recently compiled a list of the Jim Cramer's Lightning Round: 7 Stocks to Watch. In this article, we are going to take a look at where Alcoa Corporation (NYSE:AA) stands against the other stocks to watch.
Jim Cramer, during his segment on CNBC's "Mad Money," discussed Alcoa Corporation (AA), a major aluminum producer. He expressed a cautious stance on the stock, noting that despite Alcoa's efforts to manage costs and improve operations, the broader market sentiment and economic conditions are not favorable for the company at the moment. Cramer highlighted the cyclical nature of the aluminum industry, which is currently facing challenges from global economic slowdowns, particularly in sectors like construction and automotive that heavily rely on aluminum. He advised investors to follow the crowd's sentiment and avoid investing in Alcoa right now, suggesting that there might be better opportunities elsewhere in the market.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/jim-cramer-on-alcoa-corporation-aa-i-have-to-go-with-the-crowd-and-say-not-now/ar-AA1w9MI0 ]


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