Orlando, FL -- (SBWIRE) -- 10/14/2013 -- 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 Alcoa Inc (NYSE:AA), Intel Corporation (NASDAQ:INTC).
Alcoa Inc (NYSE:AA) shares declined 0.36% to $8.32. The company on Oct. 8 reported a sequential and year-over-year increase in third quarter profit for 2013 driven by strong operating performance and productivity gains, in spite of lower metal prices. Alcoa reported third quarter 2013 net income of $24 million, or $0.02 per share, which includes $96 million of special items primarily tied to optimizing the Company's upstream portfolio. Adjusted net income was $120 million, or $0.11 per share. The Company reported third quarter 2013 revenue of $5.8 billion, steady compared to second quarter 2013 and the year ago period, despite a 3 percent sequential and 7 percent year-over-year decline in the London Metal Exchange (LME) cash price of aluminum.
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Intel Corporation (NASDAQ:INTC) shares gained 0.67% to $23.25. Macquarie on Oct. 11 downgraded Intel based on concerns the move towards cloud computing will put pressure on mix. The firm believes Intel's growth rate in processor shipments could rise but will be offset by ASP declines. Price target is $22.
Additionally, the company CEO Brian Krzanich on Oct. 3 announced a collaboration agreement with Arduino LLC, the leading open-source hardware platform in the maker and education community. Krzanich also unveiled the Intel® Galileo board, the first product in a new family of Arduino-compatible development boards featuring Intel® architecture.
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