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CENX? What’s your guys thoughts on this aluminum company. Looks have taken a beating
Looking for The Metal Company (TMC) to Breakout Today - Other Metal Companies Up Premarket
Investment DISCUSSION: Aluminium
Small caps outperforming, one of the early signs market has bottomed!
Some Stocks I Am Watching for Swings Going Into April 5, 2021
Some Stocks I Am Watching for Swings Going Into April 5, 2021
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$CENX and $AA are both up 6% today. Aluminum has been crushed this year. However, this might be a potential war / defensive weapons play?
I've been watching and waiting for timber REITs to hit the bottom of their cycle, PCH, WY, RYN. And also aluminum stocks AA and CENX.
i like it a lot but just watching for now. They will benefit from europe shutting down all their smelters bc CENX is in America and Iceland, where power prices will continue to be cheaper. I’m just waiting to buy and hopefully I can do so with gains from other stocks. Good luck.
This is a very interesting idea. Aluminum is interesting. Not only is it expensive to smelt due to eney. It also takes a huge investment to mine the aluminum and get it to the U.S. Not very long ago CENX was 30. They seem to be a leader in the U.S. The only thing that we have touched on is they make good sales but the sale are not very profitable. Their gross margin is lower than the industry average. I like the stock and if we hit a recession Aluminum will probably be fine. I like the stock but we could possibly find some thing in the same industry with better gross margin. I'll look into it after my lunch meeting
And to add on that, I used a mix of equity (light position) an far out the money calls. I would not recommend a heavy positioning as this is higly speculative, and the light weight (if any) should be determined by how likely one would think a material AL repricing is about to happen and how CENX is positioned to benefit from that.
Hi [https://www.reddit.com/user/drew-gen-x/](https://www.reddit.com/user/drew-gen-x/), It's a good point. To jump my conclusion, I believe that it is about money management, which is key. IF WE THINK THE THESIS ABOUT IS RELEVANT: I think it would really depend on your risk management and what you think about ALCOA vs. CENX: If CENX is a badly managed company, bad strategy, business, ect: no interest (I would love to hear some opinions here) If you believe it is a OK company, but with lower margin, then higher revenues should act on margins with a leverage (costs being higher, a no-profit or loosing company is making positive results vs. ALCOA improving its net income and multiples). Of course, if prices, or expectations, are only moderately higher, this would not apply. All in all, it would depend on one would think about the company, but also risk management, which would affect the positioning (assuming the thesis is relevant).
Aloca $AA is profitable while $CENX right now is not. If I was bullish on Aluminum and wanted to buy a stock I would go with Aloca. Commodity stocks are very very volatile. In a bull market they can 2-3x. In a bear market they can be cut in half in a couple months. The market doesn't know how to properly value these stocks either IMHO. Market makers would rather just own Apple or Coca-Cola since it is easier for them to predict their future earnings. I say this as a huge holder of Oil stocks and commodity stocks like $MOS, $IPI. $CLF, $VALE, and $GOLD. Good Luck
Small caps are outperforming today, which is usually a sign of market bottom, at least for short term! A few of beaten down names are RMO, AFRM, BBBY, KOD, CENX, BYND. If true and this rally holds up, then there would be sharp rallies following today's rally.
good move. I made one buy today in $CENX and placed my stop GTC then logged off too
good move. I made one buy today in $CENX and placed my stop GTC then logged off too
CENX 5/20 24c's ORLY 5/20 630p's AAPL 3/17/2023 115p's
Focus on material/mining stocks. Gold and silver are a nice traditional play.. I've been doing OK swing trading AA and MP. Other stocks like CENX and X have been worth watching too
$XOM @ 65, $WEAT @ 7.50, $CLF @ 12 , $BPU @ 14, $CENX @ 10 Do you even war kids?
Why is no one talking about coal or resources/commodities? These stocks are going through the roof. Companies ($AMR, $X, $BTU, $CENX...) are making enough FCF to cover their entire market share in 1-2 years. Russia exports energy and resources and there were structural shortages BEFORE the Ukraine invasion. It's only gotten worse. My portfolio (heavy with call options) has nearly doubled in just over a week. I don't understand how no one is talking about these stocks. You could have thrown a dart at a coal company this past week and made 30%, easy (in a single week). These are companies that are going to make a ton of money.
Bought 300 USO 400 WEAT 100 CENX 100 VALE 40 MOS a couple days before the invasion and have been making about a $1500 a day ever since.
$XOM @ 65, $WEAT @ 6, $CLF @ 12 , $BPU @ 14, $CENX @ 10 Do you even war kids?
The guy that was in here friday giving all of you an opportunity to buy in and was told I was retarded Oh well ARCH BTU X CLF CENX leggo
I don’t know I bought a couple round lots of USO since crude is easier to ship than nat has two days before and then today picked up a lot each of VALE CCJ and CENX (nickel, uranium and aluminum). Up about 8% so far. Think I’m going to hold these until we see sanctions being eased. Maybe sell some calls if it starts to stabilize.
Bad for those companies and would continue copper shortage, so the metal would go up. Aluminum is basically the only other answer, also in large supply crunch right now, one of the most expensive to smelt though (I'm in CENX as US national security supply)
I don't care about analysts. That means I don't care if a stock is covered or not.  Checking my portfolio there are a few stocks with no or very little coverage: $MLI, $VTOL, $VISTA, $CENX, $HIMX Disclosure: I hold shares of all stocks mentioned above.
I'm going for a strangle on CENX (5.2% vs 7.8% for AA). Bid/asks are fairly wide, so it's gonna take some patience. If CENX drops closer to $17, hopefully I can get a fill at 0.75 for 17C/17P
I'm working on opening a strangle on CENX. Why? As a collateral play for Alcoa earnings since they IV on Alcoa is crazy and CENX is the most correlated stock. Unfortunately CENX options only trade in 5 cent increments and the spreads are pretty roughly. This is gonna take some patience
Nope. Only ETFs are for aluminum futures or the whole basic materials sector. So we'll have to decide which other aluminum company to try (ACH, KALU, or CENX).
For anyone who doesn't want to play banks or Netflix, here are two ideas I have A collateral play on other aluminum companies (ACH, CENX, KALU) on Wednesday since Alcoa is the first to report Also, a collateral play on oilfield services on Thursday since Schlumberger is the first to report and the biggest pureplay company in that sector. WFRD and HAL would be the tickers. I don't have a direction in mind so I'll probably just play strangles.
Bloomberg was talking about a bunch of the critical minerals for the US, CENX
not as bold as my CENX 11-19 13c cotton
Sold SLX puts that were up 10% to buy puts on Aluminum. Holding X puts. ARNC 4/14/22 $29p, CENX 3/18/22 $14p
What's your opinion on CENX - looking dirt cheap right now and it's expected to bounce back huge. I'd say that expectation is factored in the price, but can it really be at a forward P/E between 6 and 7 and a P/S of 0.60? ​ I don't think the demand for Aluminum is gonna dry up anytime soon tbh.
CENX. Testing three months low, but has been great for swing trading the past few months.
I just yoloed on CENX..... smart or dumb?
Hey, matey: you’ve got it right. Not a one of us simpletons know how the general market is going to play day to day. Personally, I like to pick stocks that are trading in nice swings on almost a three month basis. You’ve got a nice time frame to base your entry/exit point, and just need a little faith for nice, short term gains. To be specific, I’ve been watching CENX and GE for nice, regular swing trades. You can make some decent money off of both of these *if* they continue to preform the way they have in recent months. Wish you the best of luck.
Have you.guys seen alluminum mfg for.consumer.goods as markets re opens: Alcoa Century Aluminum CENX $17.57 ARNC Mfg: Ball Corp. Ardagh Group SA DD Lithium Chile LITH. DD.
$X $CLF $AA $CENX $ET $COIN $PLTR $PLUG $WFC 😁markets red but I’m up, can’t complain
Listening to Chevelle’s “Hats Off to The Bull” and watching my $CLF $NUE $X $AA $CENX moon!!
Steel and Aluminum baby!!! Killing it $X $NUE $AA $CENX
Swing/day trading CENX. Check it, boys. It’s doing some funky things and the juice is real. Best of luck to you all.
Mining companies definitely. Cameco (CCJ) I like if you really feel compelled to go with uranium, though I'm of the opinion that the entire industry is now at artificially inflated prices and don't really see any impetus for miners to go up as much as they have while uranium demand is actually less for this year compared to last (users of uranium get contracts for their supply well in advance). Longer term, say 5-10 years from now it could be a different story, but for now I don't see the justification. For aluminum I like Alcoa, and as a processor of aluminum CENX. Their prices are dependent the commodity price of aluminum and the price has been going up. Copper I like both FCX and SCCO. If I was going for iron I'd probably stick with one of the massive mining companies such as VALE, BHP, or RIO. Gold NEM is the only one I'd go with, otherwise I personally would just stick with an ETF for precious metals.
I sold my CENX 18C 4/16 for a 50% profit this AM. If I had held longer I would have held I would have 300% right now :(
FCX, RIO, VALE, CENX, NEM shares. Water stocks that pique my interest: AWK, XYL, AWR
Fug probably should have kept those CENX calls, aluminum up good.
Aluminum stocks may be my move tomorrow. Chinese supply worries pushed them up today, and supply is being cut in China. There’s a big meeting in China this week where they will announce goals for 2021 and the economic plan for the next 5 years and aluminum is expected to be a big topic since China is the biggest user and producer of it. The US expects the demand of aluminum to increase steadily for two years, starting at the stimulus payout. Goldman Sachs upgraded AA from sell to buy today too. Seeking Alpha expects tickers AA, ACH, CENX, CSTM, ARNC, JJU to be impacted, most were up today too. I need to do some more research but definitely may be my next moves.
FCX (copper), AA and CENX (aluminium), and two unmentionables that are in the exploration and pre-production phase for rare earths.
Well CENX carried the team today, but the opponent still eeked out a narrow win in regulation. Barring some unforeseen circumstances it looks like overtime will be a bust.
CENX having another face melter of a day.
>CENX Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. How does copper tariff help aluminum?
I bought $CENX the day Biden announced the copper tariffs.
CENX aluminum missed their earnings and dropped