Orlando, FL -- (SBWIRE) -- 09/25/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Barrick Gold Corporation (USA) (NYSE:ABX), Alcoa Inc (NYSE:AA).
Barrick Gold Corporation (USA) (NYSE:ABX) shares jumped 1.14% to $18.56. The company on August 22 said it has agreed to sell three of its high-cost gold mines in Australia to Gold Fields Ltd (GFIJ.J) for $300 million. The sale is the latest move by Toronto-based Barrick to re-shape its portfolio and focus on lower cost assets, as it seeks to shore up its balance sheet in the face of weaker metal prices and ballooning capital expenditure costs at its Pascua-Lama gold project high in the South American Andes.
Are investors worried about the recent updates with ABX? Find out with a free trend analysis HERE
Alcoa Inc (NYSE:AA) shares gained 0.24% to $8.30. The company on Sept. 23 was awarded Metal Bulletin's top innovation prize for the company's breakthrough technology enabling the production of more aluminum-intensive vehicles. Alcoa's invention, an aluminum bonding technology, won "Best Product Innovation" of 2013 at the publication's Global Awards for Aluminium Excellence in Geneva.
Alcoa's technology, called Alcoa 951, is an aluminum pretreatment process that results in enhanced adhesive bonding durability and overcomes previous challenges with joining aluminum to itself or other materials.
Is AA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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