June 28th- Alcoa August 20, 2021


August 20, 2021 $40 Call, $1.52

Alcoa Corporation  is the world's 8th largest aluminum producer, operating out of Pittsburgh. As we undergo a global recovery and increased demand for aluminum products in cars, manufacturing and electronics, they are set to be major beneficiaries. Last quarter they reported record quarterly revenues and maintained cost containment, while satisfying strong demand for aluminum. On their last conference call, CEO stated, "we expect double digit growth for the rest of 2021". Importantly, the company strengthened their balance sheet by paying down high interest notes in April, which could improve their expected earnings per share for 2021.

Alcoa is set to report earnings on July 15, 2021 setting up as a back stop for buying, heading into earnings.