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News Breaks
February 26, 2013
05:45 EDTIPInternational Paper initiated with a Buy at Jefferies
Target $52.
News For IP From The Last 14 Days
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May 6, 2015
06:48 EDTIPIRS proposal a short-term negative for containerboards, says Deutsche Bank
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May 5, 2015
18:10 EDTIPOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street were lower for the day. The market began the session in negative territory and remained there throughout the day, taking cues from similar losses in European indexes. ECONOMIC EVENTS: In the U.S., the trade balance deficit grew 43% to $51.4B., significantly higher than analyst expectations for a move to $41.2B. Markit's services PMI declined to 57.4 for April, missing forecasts of 57.8. The Institute for Supply Management's non-manufacturing April PMI was 57.8, beating the anticipated 56.2 reading. WTI crude oil settled up 1.86, or 3.16%, at $60.79 per barrel. In China, the Shanghai Composite Index fell 4.1% on reports of increased margin requirements. COMPANY NEWS: Shares of Salesforce (CRM) advanced 5.92% to $75.84 and were halted near 3:00 pm ET after reports that Microsoft (MSFT) was considering placing a bid for the company, though those rumors were downplayed as the afternoon continued... Disney (DIS) stock rose roughly 1% before finishing the session down fractionally after the company's second quarter results beat analyst expectations. During a CNBC interview, CEO Bob Iger remarked that the company's movie studio business currently has "no holes to fill" after "Avengers: Age Of Ultron" topped box office charts for its opening weekend. MAJOR MOVERS: Among the notable gainers was Cliffs Natural (CLF), which rose 12.29% after reports that Quebec province is prepared to buy a rail line, certain port facilities, and 20% of Bloom Lake mine from the company. Also higher were shares of Netflix (NFLX), advancing 1.92% for the day to finish at $565.55 after BofA/Merrill upgraded the company by a full two ratings to Buy. The firm raised its price target to $722 from $350, citing strong original content and "enormous" international opportunities. Among the noteworthy losers was Avon (AVP), falling 11.87% after the New York Post reported that Coty (COTY) and certain private equity firms may have lost interest in acquiring the company due to financing difficulties. Also lower were multiple companies in the containerboard market, with International Paper (IP), KapStone Paper (KS), Packaging Corp. (PKG), RockTenn (RKT) and MeadWestvaco (MWV) all declining 2%-5% after the IRS proposed rules which analysts believe could exclude papermakers from master limited partnerships. INDEXES: The Dow was down 142.20, or 0.79%, to 17,928.20, the Nasdaq was down 77.60, or 1.55%, to 4,939.33, and the S&P 500 was down 25.03, or 1.18%, 2,089.46.
12:34 EDTIPContainerboard pullback a buying opportunity, says Jefferies
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12:16 EDTIPOn The Fly: Top stock stories at midday
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12:00 EDTIPInternational Paper says IRS rules take MLP option off table, Bloomberg reports
International Paper noted that it had not determined whether to proceed with an MLP, but that new rules suggested by the IRS take that option "off the table," according to Bloomberg, which cites a statement from the company. Shares of International Paper and its peers in the paper packaging space have been weaker than the broader market in morning trading following the IRS proposal of new MLP rules.
11:30 EDTIPContainerboard stocks slide after IRS proposes new rules for MLPs
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10:46 EDTIPKapStone acquisition of Victory makes sense, says KeyBanc
KeyBanc says KapStone's (KS) acquisition of Victory Packaging makes sense since the integration benefits could be significant. The firm keeps a Sector Weight rating on KapStone, which is down 3% to $27.55 in morning trading. Other Containerboard names are also off around 3%, including International Paper (IP), Packaging Corp. (PKG) and RockTenn (RKT).
April 29, 2015
07:03 EDTIPInternational Paper reports Q1 Industrial Packaging operating profit $468M
Reports Q1 Printing Papers operating profit $109M. Reports Q1 Consumer Packaging operating profits $46M.
07:03 EDTIPInternational Paper reports Q1 operating EPS 84c, consensus 80c
Reports Q1 revenue $5.52B, consensus $5.8B.Business segment operating profits before special items in the first quarter of 2015 were $623M.
April 28, 2015
15:07 EDTIPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 80c... Time Warner (TWX), consensus $1.09... Mondelez (MDLZ), consensus 38c... NextEra Energy (NEE), consensus $1.27... General Dynamics (GD), consensus $1.95... Lumber Liquidators (LL), consensus 16c... Southern Co (SO), consensus 58c... Anthem (ANTM), consensus $2.66... Praxair (PX), consensus $1.44... Norfolk Southern (NSC), consensus $1.00... Eaton (ETN), consensus 98c... Thomson Reuters (TRI), consensus 45c... Franklin Resources (BEN), consensus 86c... Northrop Grumman (NOC), consensus $2.27... Hilton Worldwide (HLT), consensus 12c... Exelon (EXC), consensus 69c... Humana (HUM), consensus $2.56... International Paper (IP), consensus 80c... Hess (HES), consensus ($1.05)... Level 3 Communications (LVLT), consensus 33c... Starwood Hotels & Resorts (HOT), consensus 57c... Ametek (AME), consensus 63c... Garmin (GRMN), consensus 57c... Quintiles Transnational (Q), consensus 71c... New York Community Bancorp (NYCB), consensus 26c... Spirit Aerosystems (SPR), consensus 92c... Spirit Airlines (SAVE), consensus 96c... Brunswick (BC), consensus 61c... KBR (KBR), consensus 17c... Linn Energy (LINE), consensus (20c)... Cullen/Frost Bankers (CFR), consensus $1.09... WEX (WEX), consensus 99c... RPC (RES), consensus 11c... Hercules Offshore (HERO), consensus (38c).
April 22, 2015
05:50 EDTIPStocks with implied volatility movement; CMG IP
Stocks with implied volatility movement; Chipotle (CMG) 37, International Paper (IP) 28 according to iVolatility.

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