Alcoa Corporation (NYSE:AA) is one of Jim Cramer’s Top Iran War Stocks Revealed in This List of 10 Stocks. Alcoa Corporation (NYSE:AA) is one of the largest aluminum companies in the world. Its shares are up by a strong 192% over the past year and by 16% year-to-date. A notable movement in Alcoa Corporation (NYSE:AA)’s stock occurred between March 27th and April 2nd, when they gained 23.4%. Investment bank Morgan Stanley discussed the firm on April 9th as it hiked the share price target to $80 from $64 and boosted the rating to Overweight from Equal Weight. The bank remarked that Alcoa Corporation (NYSE:AA) was slated to benefit from higher aluminum prices. Morgan Stanley had also discussed the higher prices on January 27th when it downgraded the stock to Equal Weight from Overweight and raised the target price to $64 from $52. The bank had commented back then that Alcoa Corporation (NYSE:AA)’s risk-reward profile appeared to be more balanced after the stock’s outperformance back then. As for Cramer, Alcoa Corporation (NYSE:AA) is another stock that he’s linked with the hostilities in Iran:
“You know I did the Chem 7, there’s another one, Alcoa, which is just up. There is suddenly a shortage. There’s never been a shortage, in years. . .but because of what’s going on in the Gulf, you’re getting this once in a lifetime. Now I think again a lot of people again are taking profits, like they are with Dow. And I just think that this is the stock, if you think. . .I hear some people say no he [Trump] just keeps putting a truce on, and he’s like delaying and delaying, well look, go ahead. Here you go. Here you go. You got Alcoa. You think he’s gonna delay many times, just buy Alcoa!
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“But I do think that, there are ways for people who should just stop talking, about how, he doesn’t do what he says. He’s not gonna bomb. If you think that 8 o’ clock tomorrow, right, that there’s nothing gonna happen, because there’s gonna be emergency truce, Alcoa’s gonna give you 72, 73. And I find that that’s better than Kalshi, I don’t know.”
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