We just covered the 10 Best Non-AI Stocks to Buy According to Billionaire Stanley Druckenmiller.
Alcoa (NYSE:AA) ranks #4 (see 5 Best Non-AI Stocks to Buy According to Billionaire Stanley Druckenmiller)
Druckenmiller’s Stake: $99,057,000 Alcoa (NYSE:AA) is in the spotlight amid rising aluminium prices due to the ongoing Middle East conflict. Recently, UBS upgraded the stock and increased its price target. The firm believes supply disruptions cause aluminium prices to remain higher, which ultimately bodes well for Alcoa.
UBS aid Alcoa’s (NYSE:AA) valuation is attractive and highlighted its strong cash flow potential. But the core thesis isn’t just about aluminium prices. Alcoa (NYSE:AA) has several secular growth catalysts.