Fri, Oct. 9, 10:16 AM
- Paper and packaging stocks are in rally mode off of positive signs in the sectors for pricing. The moves also arrive amid a broader rally in consumer products stocks this week.
- Also in the mix, there's a new study from RISI suggesting new Department of Commerce anti-dumping rules could benefit domestic suppliers.
- The bottom line is broad-based gains are being struck.
- Gainers include KapStone Paper and Packaging (KS +9.2%), Wausau Paper (WPP +2.1%), PH Glatfelter (RFP +1.9%), Domtar (UFS +0.9%), International Paper (IP +5.7%), Packaging Corporation of America (PKG +4.5%), WestRock Company (WRK +4.4%), Graphic Packaging Holding (GPK +1.1%).
Fri, Oct. 9, 7:01 AM
Fri, Sep. 25, 10:35 AM
- Jefferies thinks shares of containerboard companies already factor in a decline in industry prices and look attractive on a long-term view.
- The investment firm thinks operating rates for major players will level out in the mid 90s from 2016 to 2018.
- Another development to watch in the containerboard sector is a potential change of heart at the IRS over the treatment of master limited partnerships. A MLP play is seen as attractive for several companies in the sector.
- Related stocks : IP, KS, RFP, GPK, WRK.
Tue, Sep. 15, 5:44 PM
- International Paper (NYSE:IP) finished lower today after BofA/Merrill downgraded shares to Neutral from Buy and cut its price target to $46 from $53, saying previous positives in the firm's thesis have been "exhausted."
- BofA says it had expected IP to report relatively solid Q2 results, which generally occurred, but also U.S. containerboard industry demand strong enough to mitigate increasing new supply, which did not occur as effectively as had been anticipated.
- China's recent currency devaluation should be a headwind for some of IP's products, including containerboard and pulp, BofA believes.
- The firm also anticipates a dividend increase from IP in the next few months as well as a portfolio solution to its underperforming Asian operations.
Wed, Jul. 29, 7:29 AM
- International Paper (NYSE:IP) recorded higher operating profit than a year ago in Q2 as some cost-cutting paid off.
- Selling and administrative expenses fell 7.6% to $403M during the quarter, while restructuring charges were also lower.
- Segment revenue growth: Industrial Packaging -2.9% to $3.694B, Printing Papers -12.1% to $1.249B, Consumer Packaging -5.5% to $797M.
- Previously: International Paper beats by $0.05, misses on revenue (Jul. 29 2015)
- IP +0.6% premarket.
Wed, Jul. 29, 7:10 AM
Tue, Jul. 28, 5:30 PM
- ACCO, ADT, AMED, AMT, ANTM, APO, AVY, BAH, BDC, BEN, BGCP, BOKF, CARB, CBG, CDK, CFR, CHH, CLF, CRI, DATA, DIN, DORM, DXYN, ESIO, ETN, EVER, EXC, FDML, FLY, GCI, GD, GEL, GIB, GRA, GRMN, GT, GTI, HCBK, HES, HLT, HSIC, HSP, HTA, HUM, HUN, IP, IRT, JAH, JLL, LFUS, LVLT, MA, MDCO, MO, MTH, MTOR, MVIS, NOC, PAG, PCG, PX, Q, RES, ROK, ROL, SAIA, SLAB, SNCR, SO, SONS, SPIL, SPR, SPW, SSE, STNG, STRA, STRZA, TGI, TRI, UBSI, UMC, VNTV, WEC, WEX, WILN, WOOF
Tue, Jul. 14, 12:38 PM
Mon, Jun. 22, 11:25 AM
- Macquarie turns cautious on the containerboard sector.
- KapStone Paper & Packaging (KS -5.5%) is cut to Neutral from Outperform. The price target is lowered to $26 from $31.
- Price target reductions on International Paper (IP -3.7%), Packaging Corp. of America (PKG -3%), and RockTenn (RKT -3.7%) were also fired off due to a pricing cut on West Coast containerboard which tips more downside risk.
Thu, Jun. 4, 10:04 AM
- Containerboard stocks are off slightly as pricing concerns due to oversupply linger in the background.
- The sector is also facing a headwind due to a new IRS proposal which would limit income for publicly traded partnerships.
- MeadWestvaco (NYSE:MWV) -1.4%, Rock-Tenn (NYSE:RKT) -1.5%, Packaging Corp of America (NYSE:PKG) -1.1%, Graphic Packaging (NYSE:GPK) -1.1%, International Paper (NYSE:IP) -0.5%, KapStone Paper and Packaging (NYSE:KS) -0.5%.
Mon, May 18, 3:03 PM
- Goldman's sees the S&P 500 hitting a mid-year high of 2,150 by mid-year, but fading to 2,100 by year-end after the Fed hikes rates. Its 12-month forecast of 2,125 stands against the current level of 2,130.
- With appreciation returns expected to be nil, Goldman suggests having a look at its dividend growth portfolio - a sector-neutral basket of 50 stocks. They have a median yield of 2.5% and are expected to boost payouts by 16% this year and 12% in 2016. The group's P-E ratio is 15 vs. 17.3 for the S&P 500.
- The ten highest-yielding additions: Harley-Davidson (NYSE:HOG) - with a 2.3% yield, Home Depot (NYSE:HD) - 2.1%, Dr. Pepper Snapple (NYSE:DPS) - 2.5%, National Oilwell Varco (NYSE:NOV) - 3.6%, Regions Financial (NYSE:RF) - 2.3%, Baxter International (NYSE:BAX) - 3.1%, Cummins (NYSE:CMI) - 2.4%, Seagate Technology (NASDAQ:STX) - 3.9%, International Paper (NYSE:IP) - 3.1%, AES Corp (NYSE:AES) - 3%.
- Looking over a ten-year horizon, Goldman expects dividends to account for 46% of the S&P 500's 5% annualized return, up from 20% during the current bull market which started in 2009.
- ETFs: DVY, SCHD, ADX, SDOG, DLN, DHS, FDL, DTD, FVD, DVYL, SDYL
Tue, May 12, 4:21 PM
Wed, Apr. 29, 7:03 AM
Tue, Apr. 28, 5:30 PM
- ABB, ACCO, ADT, AME, AMED, ANTM, AVY, BC, BEN, BGCP, BOKF, CBG, CCJ, CFR, CRI, CVE, DHX, DX, DXYN, EDR, ETN, EVER, EXC, FCAU, FCH, FDML, FI, FUN, GD, GEL, GIB, GRMN, GRUB, GT, HCBK, HERO, HES, HLT, HOT, HUM, ICON, IDCC, IP, ISSI, LFUS, LINE, LL, LVLT, MA, MDLZ, MTOR, MWV, NEE, NOC, NSC, NYCB, OCR, PCG, PX, Q, RES, ROL, SAIA, SAVE, SLAB, SLGN, SNCR, SO, SPIL, SPR, SPW, TRI, TWX, UMC, VRX, WEX, WM, WOOF
Tue, Apr. 21, 10:04 AM
- An earnings miss yesterday by Packaging Corporation of America (PKG -8.3%) is helping to take peers lower.
- The company also issued guidance below the expectations of analysts.
- White paper and containboard pricing is a concern in the sector.
- Previously: Packaging misses by $0.07, misses on revenue (Apr. 20 2015)
- Decliners: Rock-Tenn (NYSE:RKT) -2.6%, International Paper (NYSE:IP) -1.5%, MeadWestvaco (NYSE:MWV) -2.6%, KapStone Paper (NYSE:KS) -2.5%, Clearwater Paper (NYSE:CLW) -1.0%.
Fri, Mar. 6, 2:58 PM
- Domtar (UFS +3.6%) shoots higher following headlines that the company received a favorable ruling from the International Trade Commission in the preliminary phase of anti-dumping and countervailing duty investigations concerning certain uncoated paper from Australia, Brazil, China, Indonesia and Portugal.
- Other paper packaging stocks are lower: IP -0.9%, PKG -1.9%, RKT -1.7%, MWV -1.8%, KS -1.5%.
IP vs. ETF Alternatives
International Paper Co produces and distributes printing paper, packaging, forest products, and chemical products. The Company operates in four segments namely industrial packaging; printing papers; consumer packaging, and distribution.
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