Excerpt from: Individual Equities CFDs and Spread Bets
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| April 11, 2007 | | Spread bets and CFDs on the American aluminum giant | Individual equity Alcoa is up on the stock market as earnings reports come in. The American aluminum giant is posting gains, thanks to increased demand and rising metals prices. Spread betting and contracts for differences should consider favouring this individual equity. MarketWatch reports on Alcoa and the stock market:
Demand from jet makers and global
construction markets helped Alcoa, Inc. ride out a slump in U.S.
vehicle manufacturing, pushing its earnings growth to 9% amid a surge
in metals prices, the aluminum giant said late Tuesday. ...
Sales rose 11% to $7.9 billion, and Alcoa
predicted some of the quarter's themes will continue into the second
quarter. That is, strong aerospace and commercial construction markets
will continue to make up for slack aluminum needs from heavy truck
makers and the U.S. auto industry.
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