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PPG, Alcoa rise; Bank of New York, Marathon Oil fall

Friday, April 16, 2021 | The Associated Press

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:

Alcoa Corp., up $2.79 to $35.63.

The aluminum maker handily beat analyst's first-quarter profit forecasts on stronger demand and pricing.

Matson Inc., up $1.12 to $69.60.

The shipping company gave investors an encouraging first-quarter financial update.

General Finance Corp., up $6.78 to $18.95.

United Rentals is buying the freight and storage container company.

J.B. Hunt Transport Services Inc., up $2.39 to $172.16.

The trucking company beat Wall Street’s first-quarter financial forecasts.

TG Therapeutics Inc. down $1.05 to $44.78.

The drug developer's encouraging study results for a multiple sclerosis treatment failed to excite investors.

Marathon Oil Corp., down 31 cents to $10.53.

Oil prices edged lower and weighed down energy company stocks.

Bank of New York Mellon Corp., down $1.94 to $46.07.

Investors were disappointed with the investment bank's first-quarter financial results.

PPG Industries Inc., up $13.44 to $167.41.

The paint and coatings maker beat Wall Street’s first-quarter profit and revenue forecasts.

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7 Precious Metals Stocks That Will Keep Your Portfolio On Trend

The growing acceptance of cryptocurrency is beginning to make mainstream investors rethink their idea of “store of value.” The trendy possibilities of Bitcoin, Ethereum, and any of the dozens of altcoins that exist on the blockchain are trending like the latest fashion.

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Precious metals have long been known to be a safe-haven asset in times of market volatility and economic crisis. In fact, during the Covid-19 pandemic, gold prices surged about 30% breaking the $2,000 mark for the first time in its history. This was at a time when the prices of many cryptocurrencies were falling.

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View the "7 Precious Metals Stocks That Will Keep Your Portfolio On Trend".


Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Alcoa (AA)1.2$39.13-1.0%N/A-15.53Buy$32.78
PPG Industries (PPG)2.4$178.04+2.4%1.21%39.30Buy$167.06
Arconic (ARNC)1.8$35.62+1.1%N/AN/ABuy$35.00
The Bank of New York Mellon (BK)2.0$51.69+1.3%2.40%11.34Buy$49.80
Marathon Oil (MRO)1.7$11.07-4.1%1.08%-7.69Hold$9.32
Matson (MATX)1.9$61.62+2.6%1.49%21.70Buy$58.33
General Finance (GFN)1.1$18.96flatN/A316.00Hold$19.00
TG Therapeutics (TGTX)1.8$34.24-5.8%N/A-16.15Buy$63.33
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