Alcoa Inc. (NYSE:AA) agreed to sell its stake in its Jamalco bauxite mining and alumina refining joint venture to global bulk commodities company Noble Group Ltd. for $140 million. As a result of the deal, set to close by year’s end, Alcoa expects to post a fourth-quarter write-down of $80 million to $100 million. Alcoa Inc. (NYSE:AA) belongs to Basic Materials sector. Its net profit … Continue reading Momentum Stocks : Alcoa Inc. (NYSE:AA), PPL Corporation (NYSE:PPL), Wal-Mart Stores Inc. (NYSE:WMT), Banro Corporation (NYSEMKT:BAA), EP Energy Corporation (NYSE:EPE)