Jim Cramer Says Aluminum Dumping Ruling Could Spell Good News For Alcoa
Jim Cramer said he's not expecting a good quarterly report from Alcoa when the company reports quarterly results on Monday.
TheStreet's Jim Cramer said he's not expecting a good quarterly report from Alcoa (AA) - Get Report when the company reports quarterly results on Monday, but he said a ruling on aluminum from the ITC, expected soon, could have a positive impact on the stock. Cramer said, 'Think about it, if they discover the Chinese are aluminum dumping and they put on a tariff on Chinese aluminum, what would that do to Alcoa's stock?' His gameplan is to buy shares of Alcoa if they dip on Monday after the company reports.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
