Best Aluminum Stocks

The post Best Aluminum Stocks by Chetan Shekar appeared first on Benzinga. Visit Benzinga to get more great content like this. From commercial aircraft to soda cans, aluminum is a large part of our daily lives. The mass production of aluminum-based products can be attributed to its lightweight nature and durability — making it 1 of the most resourceful metals on the market.  Consider diversifying your portfolio by investing in these best aluminum stocks.    Quick Look … Continued The post Best Aluminum Stocks by Chetan Shekar appeared first on Benzinga. Visit Benzinga to get more great content like this.

Best Aluminum Stocks

The post Best Aluminum Stocks by Chetan Shekar appeared first on Benzinga. Visit Benzinga to get more great content like this.

From commercial aircraft to soda cans, aluminum is a large part of our daily lives. The mass production of aluminum-based products can be attributed to its lightweight nature and durability — making it 1 of the most resourceful metals on the market.  Consider diversifying your portfolio by investing in these best aluminum stocks.   

Quick Look at the Best Aluminum Stocks:

Overview: Aluminum Stocks

Aluminum has been extensively used for more than a century. In the 1900s, aluminum was considered a rare metal due to its complex extraction process. Now it has become 1 of the lightest metals manufactured in the market. It’s used in the automotive, construction, packaging, electronics, aerospace and defense industry.  

Aluminum is widely-used in the aerospace industry. It’s been essential in the manufacture of domestic aircraft and satellites. Howmet Aerospace (NYSE: HWM) uses aluminum in the engine systems, body structures and wheel systems of its airplanes. 

The abundance of aluminum on the earth’s surface and its ability to be alloyed with other metals like copper, silicon, tin and zinc also make it a preferable commodity in the electronics industry. The American firm Alcoa (NYSE: AA) produces more than 20% of the world’s aluminum. According to a recent study, the aluminum alloy market is expected to grow by $150 billion by 2024. 

Although aluminum doesn’t have the allure of gold and silver, its production and distribution can easily be tracked. Research construction orders for buildings and manufacturing rates of transport vehicles to get a fair idea of the price movement of aluminum stocks.  

Best Online Brokers for Aluminum Stock

Online brokers allow you to easily track and trade penny stocks, stocks, exchange-traded funds (ETFs), mutual funds and foreign exchange. These platforms are equipped with advanced tools to enhance your trading experience. For example, you can customize the price range filter on the stock screener to instantly show you the best stocks under $10

Take a look at these online brokers to start your investment journey. 

Claim Exclusive Offers

get started securely through Interactive Brokers’s website
Best For
Active and Global Traders
N/A
1 Minute Review

Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.  

IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.

Best For
  • Access to international markets
  • Active traders
  • Detailed mobile app that makes trading simple
  • Wide range of available account types and tradeable assets
Pros
  • IB SmartRouting provides significant price improvement vs. industry
  • Fractional trading allows investing regardless of share price
  • Industry’s lowest margin rates
  • Earn more by lending your fuly-paid shares
Cons
  • Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources
get started securely through Plus500’s website
Disclosure: 82% of retail accounts lose money
Best For
Leveraged Trading
N/A
1 Minute Review

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500 is an online CFD broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments. 

Plus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. But Plus500 is not a broker for beginners — the education materials are sparse and CFDs are risky derivatives capable of sapping out all of an investor’s capital. Only trade these instruments if you understand how they operate and the risks involved with buying them.

Best For
  • Traders looking for a smooth mobile experience
Pros
  • Great mobile app
  • Low spreads and commissions
  • Unlimited demo account
Cons
  • Only derivatives are available
  • Not open to U.S. residents
get started securely through public.com’s website
Best For
Trading Ideas
N/A
1 Minute Review

Public is the only investing platform that lets you trade stocks, ETFs, crypto, bonds, options and alternative assets—like fine art and collectibles—all in one place. Public also provides access to custom company metrics, live shows about the markets, and insights from a community of millions of investors, creators, and analysts.

Today, Public provides more ways to create a diversified portfolio than nearly any other online broker. Members can engage in sophisticated investing strategies and access a wealth of investing insights—from company-specific analysis to live audio shows and town hall-style Q&As. In addition, Public offers a premium membership tier with unique company KPIs, detailed performance metrics, and institutional-grade research. 

 

Best For
  • Stock and ETF investors
  • Crypto investors
  • Investors looking to diversify with alternative assets or bonds and options
Pros
  • Commission-free stock and ETF trading
  • Fractional share investing
  • Advanced data, tools, and insights with Public Premium
Cons
  • You can’t transfer crypto to another wallet
  • No mutual funds or precious metals
  • At this time, only offers individual brokerage accounts and not IRAs
get started securely through Robinhood’s website
Best For
Beginners
N/A
1 Minute Review

Robinhood is a popular trading platform known for its commission-free trades and user-friendly mobile app. Ideal for novice investors, Robinhood makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The platform offers a straightforward, no-frills experience, making it accessible for users new to investing. With features like fractional shares and a sleek interface, Robinhood lowers the barriers to entry for investing, allowing users to start with just a few dollars. It lacks the advanced tools and research options that more experienced investors might seek. Overall, Robinhood is a great choice for beginners seeking a simple way to invest.

Best For
  • Beginners looking for simplicity
  • Mobile-first investors
  • Commission-free trades
Pros
  • User-friendly mobile app
  • Instant double
  • Cash management
  • Access to cryptocurrencies
Cons
  • Limited research tools
  • No mutual funds available
  • Basic customer support options
get started securely through TradeZero’s website
Best For
Active Short Sellers With Modest Capital
N/A
1 Minute Review

TradeZero is an online broker and free stock trading platform that provides everything you need to successfully share and trade, including round-the-clock customer support. TradeZero provides four different trading state-of-the-art software programs with its services, a locator for sourcing shares for shorting, commission-free trades, and real-time streaming, to name a few of the features promoted on their website. The software is a unique and (potentially) affordable option for anyone interested in stock trading.

Best For
  • Traders seeking high transparency and mobility in a stock trading program
  • Those attracted to commission-free trades
  • Those seeking a free version of a high-quality trading program
Pros
  • 24/7 live customer support
  • Uses ZeroWeb technology, a powerful level 2 online platform with direct market access
  • Mobile app allows users to access stocks and trade in real-time while on the go
Cons
  • Enforces Pattern Day Trading restrictions (accounts need to maintain a daily equity balance of at least $25k)
  • Mobile app could offer more features

Features to Look for in Aluminum Stock

  1. Positive earnings per share: Aluminum stocks in good financial health should have positive earnings per share (EPS). You can calculate the EPS of a company by dividing its net income by its total number of outstanding shares. 
  1. Low price-earnings ratios: You can compare the value of similar aluminum stocks in the market by their price-earnings ratio (P/E) ratio. 
  1. Regular dividend yields: Many aluminum stocks pay dividends to shareholders. These dividends are issued in cash or equity per quarter or annually. If a company fails to pay dividends, it may indicate that it is running under loss.  

Pedal to the Metal

Aluminum is widely used to make the fastest bicycles, boats, trucks and airplanes. Invest in aluminum stocks to accelerate the growth of your portfolio and earn rich dividends as a reward. 

Frequently Answered Questions

Q

What are aluminum stocks?

1
What are aluminum stocks?
asked
A
1

Aluminum stocks are shares in companies related to the aluminum industry.

answered
Q

Are aluminum stocks a good investment?

1
Are aluminum stocks a good investment?
asked
A
1

Aluminum is used in many consumer goods making the stocks a good investment.

answered
Q

What are the best aluminum stocks?

1
What are the best aluminum stocks?
asked
A
1

You can find a list of the best aluminum stocks above.

answered

The post Best Aluminum Stocks by Chetan Shekar appeared first on Benzinga. Visit Benzinga to get more great content like this.

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