I bought $500 worth of Alcoa today.
In the video below, I explain why I think Alcoa is a good buy.
UPDATE: In the video I stated that I had no idea why Alcoa looks so good from a technical analysis perspective. That is the fundamental data does not explain why this stock is in a bullish trend. Right after I finished the video, this news story came out.
JP Morgan said today that Alcoa is a buy for the following reason: "Aluminum prices were hurt along with other commodities as the global economy slowed. But Alcoa specializes in this and other industrial metal products that are going to rebound as the world, especially the emerging markets, start growing again."
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