International Paper Stock Forum

$International Paper(IP.US)$ been in overbought territory for a while now. mm manipulation

U.S. equities sank, with the S&P 500 falling 1.6% after the Federal Reserve said interest rates will likely have to stay higher for longer, and after a big decline in weekly unemployment claims. Bond yields skyrocketed, with the yield on the 10-year Treasury note soaring to the highest level since 2007.
Home builder stocks dropped, with shares of D.R. Horton (DHI) losing 3.7% and PulteGroup ( $PulteGroup(PHM.US)$ ...

$Berry Global Group(BERY.US)$ let see if it can break 52 wk high this month.
$Futu Holdings Ltd(FUTU.US)$$Advanced Micro Devices(AMD.US)$$Netflix(NFLX.US)$$International Paper(IP.US)$$Wynn Resorts(WYNN.US)$$Carnival(CCL.US)$$Braskem(BAK.US)$$Occidental Petroleum(OXY.US)$$Tat Seng Pkg(T12.SG)$$Applied Materials(AMAT.US)$

Gapping up
$General Motors(GM.US)$ +5% (GM beat estimates on the top and bottom lines for its fourth quarter, even as its profit margin narrowed. The company reported an adjusted $2.12 per share on $43.11 billion in revenue. Analysts surveyed by Refinitiv were looking for $1.69 in earnings per share on $40.65 billion in revenue. GM said it expected earnings to fall in 2023, but guidance was still above analyst estimates.)
$Ford Motor(F.US)$ +2% (the ...

Upgrades
• $BorgWarner(BWA.US)$ : Deutsche Bank Upgrades to Buy from Hold - PT $48 (from $43)
• $Expensify(EXFY.US)$ : BofA Securities Upgrades to Buy from Neutral - PT $25 (from $20)
• $Grab Holdings(GRAB.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $3
• $Houlihan Lokey(HLI.US)$ : Morgan Stanley Upgrades to Equalweight from Underweight - PT $82 (from $95)
• $JPMorgan(JPM.US)$ : Berenberg Upgrades to Hold from Sell - PT ...

Gainers:
• $Convey Health Solutions(CNVY.US)$ +138% (To Be Taken Private By TPG for $10.50 per share in cash)
• $Valneva(VALN.US)$ +83.8% (Valneva SE and $Pfizer(PFE.US)$ enter into an equity subscription agreement and update terms of collaboration agreement for VLA15)
• $Spirit Airlines(SAVE.US)$ +8.8% (JetBlue (JBLU) submits proposal with increased offer of $33.50 per share in cash)
• $Kellanova(K.US)$ +8.4% (plans to separate into t...

Upgrades
• $ABM Industries(ABM.US)$ : Baird Upgrades to Outperform from Neutral - PT $50
• $American Tower Corp(AMT.US)$ : JPMorgan Upgrades to Overweight from Underweight - PT $285 (from $245)
• $Church & Dwight(CHD.US)$ : Wells Fargo Upgrades to Overweight from Equal Weight - PT $95
• $Chewy(CHWY.US)$ : Wedbush Upgrades to Outperform from Neutral - PT $35 (from $30)
• $Centene(CNC.US)$ : Credit Suisse Upgrades to Outperform from...

On CNBC’s "Mad Money Lightning Round," Jim Cramer said $Veru Inc(VERU.US)$ 's Enobosarm was granted fast track designation for the treatment of AR+ ER+ HER2- metastatic breast cancer by the FDA. With the company’s stock trading at $5 and not moving higher, he said the stock should have been higher following the news.
Cramer said he is not recommending $NIO Inc(NIO.US)$ or any of the Chinese stocks, as it’s not the same kind of China. "It is a Communist country t...

Weekly market recap
Stock futures edged lower in overnight trading Sunday after the Dow Jones Industrial Average notched its third positive week in a row at a record high.
Wall Street is coming off a winning week on the back of strong corporate earnings. The blue-chip $Dow Inc(DOW.US)$ gained more than 1% last week and closed Friday at a record. The $S&P 500 Index(.SPX.US)$ rallied 1.7% last week, also posting its third straight positive week and hitting an all-time high Friday.
Of the 117 companies in the S&P 500 that have reported earnings to date, 84% posted numbers that beat expectations, according to Refinitiv. S&P 500 companies are expected to grow profit by about 35% in the third quarter.
Here's a look at the return of S&P 500 sectors
This week ahead in focus
Some of the biggest technology companies are slated to report earnings this week, including$Facebook(FB.US)$, $Alphabet-C(GOOG.US)$, $Microsoft(MSFT.US)$, $Amazon(AMZN.US)$ and$Apple(AAPL.US)$. A third of the Dow companies also is set to release quarterly results this week, including$Caterpillar(CAT.US)$, $Coca-Cola(KO.US)$, $Boeing(BA.US)$ and $McDonald's(MCD.US)$.
Economists and Fed watchers will also be paying attention on Wednesday, when the minutes from the Federal Open Market Committee September meeting will be released. Finally, the annual meetings of the World Bank Group and the International Monetary Fund will run virtually all week.
Economic data out this week includes the Conference Board's Consumer Confidence Index for October on Tuesday, the Census Bureau's durable-goods report for September on Wednesday, and the Bureau of Economic Analysis' preliminary estimate for third-quarter GDP on Thursday.
Economists' consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter.
Monday 10/25
Mega-cap tech companies headline the week's quarterly results starting with Facebook, which reports after the close. Alphabet and Microsoft follow on Tuesday, and Amazon.com and Apple on Thursday.
$Cadence Design Systems(CDNS.US)$, $Kimberly-Clark(KMB.US)$, and $Otis Worldwide(OTIS.US)$release quarterly results.
Tuesday 10/26
$3M(MMM.US)$, $Advanced Micro Devices(AMD.US)$, $Ameriprise Financial(AMP.US)$, $Capital One Financial(COF.US)$, $Chubb Ltd(CB.US)$, $Ecolab(ECL.US)$, $Eli Lilly and Co(LLY.US)$, $GE Aerospace(GE.US)$, $Hasbro(HAS.US)$, $Invesco(IVZ.US)$, $Lockheed Martin(LMT.US)$, $MSCI Inc(MSCI.US)$, $Novan Inc(NOVN.US)$, $RTX Corp(RTX.US)$, $S&P Global(SPGI.US)$,$Sherwin-Williams(SHW.US)$, $Texas Instruments(TXN.US)$, $Twitter (Delisted)(TWTR.US)$, $United Parcel Service(UPS.US)$, and $Visa(V.US)$ report earnings.
The Census Bureau reports sales of new single-family houses for September. Consensus estimate is for a seasonally adjusted annual rate of 775,000 homes sold, 35,000 more than the August figure.
The Conference Board releases its Consumer Confidence Index for October. Expectations are for a 110 reading, similar to the September data. The index is 15% lower than its recent peak in June, with concern about the spread of the Delta variant and inflation dampening consumer optimism.
S&P CoreLogic releases its Case-Shiller National Home Price Index for August. Economists forecast a 20% year-over-year rise, a tick higher than July's 19.7% increase. If that estimate proves correct, it would be the fifth consecutive monthly record gain for the index.
Wednesday 10/27
$Automatic Data Processing(ADP.US)$, Boeing, $Bristol-Myers Squibb(BMY.US)$, $CME Group(CME.US)$, Coca-Cola, $eBay(EBAY.US)$,$Ford Motor(F.US)$, $General Dynamics(GD.US)$, $General Motors(GM.US)$,$Hilton Worldwide(HLT.US)$, $International Paper(IP.US)$, $The Kraft Heinz(KHC.US)$, McDonald's, $Norfolk Southern(NSC.US)$, $Old Dominion Freight Line(ODFL.US)$, $ServiceNow(NOW.US)$, $Spotify Technology(SPOT.US)$, and $Thermo Fisher Scientific(TMO.US)$ release quarterly results.
The Census Bureau releases the durable-goods report for September. New orders for manufactured durable goods are expected to decline 0.5% month over month to $262 billion, after a 1.8% gain in August. Excluding transportation, new orders are seen rising 0.8%, above August's 0.3% gain.
Thursday 10/28
$Altria(MO.US)$, $American Tower Corp(AMT.US)$, Caterpillar, $Comcast(CMCSA.US)$, $Gilead Sciences(GILD.US)$, $Intercontinental Exchange(ICE.US)$, $MasterCard(MA.US)$, $Merck & Co(MRK.US)$, $Moody's(MCO.US)$,$Newmont(NEM.US)$, $Northrop Grumman(NOC.US)$, $Sanofi(SNY.US)$, $Shopify(SHOP.US)$, $Starbucks(SBUX.US)$, and$Yum! Brands(YUM.US)$ hold conference calls to discuss earnings.
The Bureau of Economic Analysis reports its preliminary estimate for third-quarter GDP. Consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter.
Friday 10/29
$AbbVie(ABBV.US)$, $Cboe Global Markets(CBOE.US)$, $Charter Communications(CHTR.US)$, $Chevron(CVX.US)$, $Colgate-Palmolive(CL.US)$, $Exxon Mobil(XOM.US)$, $L3Harris Technologies(LHX.US)$, and $Weyerhaeuser Co(WY.US)$ report quarterly results.
Source: CNBC, Barron's