Ladder Capital Posts Upbeat Q3 Earnings, Joins Alcoa, Hyster-Yale And Other Big Stocks Moving Higher On Friday

Nasdaq 100 Slides As Micron, SanDisk, CoreWeave Sink: Stock Market Today

The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.

Alcoa: 3 Key Takeaways for Long-Term Investors

Alcoa outlined its strategy following its $2.6 billion debt financing for the AliGroup acquisition, prioritizing debt reduction post-closing in H1 2027. The company agreed to sell its Massena East site for up to $315 million as part of a $500 million to $1 billion asset monetization program through 2030. Operational improvements drove six production records year-to-date, with sequential aluminum output increasing by 15,000 metric tons in Q3.

Shares of aluminum-related companies are trading higher after Alcoa's better-than-expected Q3 adjusted EPS results and comments that inventories leave little room for another market shock. Also, reports suggesting that U.S. Commerce Secretary Lutnick is refusing to give concessions to Mexican aluminum imports may also aid sentiment for the sector.

Roth Capital Upgrades Avino Silver & Gold Mines to Buy, Lowers Price Target to $7

Roth Capital analyst Joe Reagor upgrades Avino Silver & Gold Mines (AMEX:ASM) from Neutral to Buy and lowers the price target from $8 to $7.

Avino Reports Q3 Silver Production Of 303,189 Ounces, Up 15%, Silver Equivalent Production Of 582,836 Ounces, Up 2%

Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.