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Markets a Mixed Bag Before Alcoa Kicks Off Earnings

August 29, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks are mixed this morning as investors rotate out of last year’s big winners to try and find ‘areas of growth,’ says Matt Cheslock, Equity Trader at Virtu Financial. He says traders are taking profits on recently downgraded high-fliers like Twitter and Netflix in favor of names with room to run like Micron. And while Alcoa may unofficially kick-off earnings season with its Q4 results tomorrow Cheslock says the report is less predictive because the aluminum-maker is ‘not the Dow stock it used to be.’

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