Strong global demand for aluminum is likely to push Alcoa’s quarterly results above expectations this quarter and the company looks to be positioned for a strong second half of the year.
While Costco appears to be seeing improvement in their operating margins, we feel that severe weather that blanketed much of the nation over the last few weeks could limit any upside surprise.
Investors should be encouraged that IBM’s management team is openly optimistic that these strong earnings performances will continue this quarter and into 2010.