|Bid||32.00 x 1000|
|Ask||35.52 x 800|
|Day's Range||33.77 - 34.35|
|52 Week Range||32.01 - 57.23|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||10.56|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||1.82 (5.46%)|
|1y Target Est||46.07|
The market may have logged a partial intraday rebound on Friday, but even so, five consecutive days of losses took a toll. The stage is set for at least a modest pushback this week, though there's little guarantee it will turn back into a prolonged rally.Source: Shutterstock Square (NYSE:SQ) played a big role in shaving 0.73% off of the S&P 500's value, falling more than 14% after posting its Q2 numbers. Although it topped estimates, investors are doubting its growth prospects without food delivery service Caviar being part of the mix. Caviar is being acquired by DoorDash.Fluor (NYSE:FLR) booked a bigger loss though, with its 26% tumble -- the biggest one-day loss ever -- dragging it to 15-year lows after it reported a surprise loss for the second quarter. Working to keep the market propped up, unsuccessfully, was Newell (NASDAQ:NWL). Shares of the storage container and home goods name jumped more than 14% after reporting an earnings beat that wasn't tainted by the revenue shortfall. The improved outlook helped.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yield Monthly Dividend Stocks to Buy As for names that may be worth a closer, trade-minded look though, the stocks charts of Westrock (NYSE:WRK), Arconic (NYSE:ARNC) and International Business Machines (NYSE:IBM) are at the top of a fairly short list. International Business Machines (IBM)It's not necessarily an omen of doom for International Business Machines. In fact, we're seeing some clear bullish clues on the daily chart for ol' Big Blue. But, this past week's chart action suggests IBM has been shaken out of its uptrend seen since early June, and is now going to pivot into at least a small pullback.Even better, the potential landing points for any pullback are not only clear, they're relatively close. * Click to EnlargeThe red flag is the shape of Thursday's and Friday's bar. In both cases, IBM shares gave up the bulk of their intraday gains. It has more to do with the market than the company, but shares were uniquely vulnerable all the same. * Backing out to a view of the weekly timeframe reveals at least part of the reason how this weakness materialized so easily. A ceiling extending back to the early 2017 peak got in the way. * Even so, all the key moving average lines are now sloped upward, saying the bigger trend is bullish no matter what. * The most plausible downside targets are the convergence of the 50-day and 100-day moving average lines near $140, and then the white 200-day moving average line just below $133. Westrock (WRK)It's difficult to fully appreciate it on the daily chart, but on the weekly chart of Westrock it's relatively clear that this stock is working hard to shake off the funk it was in during all of 2018 and the first half of 2019. Since the late-May low, WRK has finally started to log higher lows and higher highs. It's not quite a new uptrend yet.But, that's on the verge of changing. We're now seeing some things we've not seen in months, and we're closer to a technical breakout out than we've been in months. Just a little more forward progress could push Westrock past the pivotal tipping point. * 10 High-Yield Monthly Dividend Stocks to Buy * Click to EnlargeThat tipping point first and foremost is the 200-day moving average line, plotted in white on both stock charts. There's also straight-line resistance plotted in blue on both stock charts. * It's encouraging that since April we've seen more bullish volume than bearish volume. The daily chart's accumulation-distribution line is now sloped upward, and the weekly chart's Chaikin line is as well. * Perhaps just as important is that the 100-day moving average line, plotted in gray on both stock charts, is no longer offering resistance but the purple 50-day line is finally acting as support. Arconic (ARNC)Finally, the intuitive reaction to the sizeable setback Arconic shares suffered on Friday is to ignore it. It was a knee-jerk reaction to the company's earnings report, and most of the loss was recuperated in after-hours trading anyway.After-hours trading can be an aberration though, and a careful look at the days leading up to Friday's announcement makes clear that ARNC stock was already in a downtrend. The news could have easily revealed what traders were truly thinking. It absolutely yanked Arconic below a couple of critical support levels. * Click to EnlargeOne of those floors is the 50-day moving average, plotted in purple on the daily chart. More than that though, Friday's loss pulled Arconic stock under the floor that had guided it higher since January. * Underscoring the likelihood that the weakness is just the extension of existing selling is the way bearish volume has been rising since the beginning of last week. * The weekly chart points out that ARNC was already ripe for a pullback. For the first time in years, the RSI indicator was able to reach into overbought territory in July.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Generation Z Stocks to Buy Long * 5 Growth Stocks to Buy After the Rate Cut * 5 Dependable Dividend ETFs to Invest In The post 3 Big Stock Charts for Monday: Arconic, IBM and Westrock appeared first on InvestorPlace.
WestRock's (WRK) top and bottom line improved year-over-year in in the third quarter on the back of contribution from the KapStone acquisition, higher selling price across segments and productivity improvements.
WestRock (WRK) delivered earnings and revenue surprises of 8.82% and -3.61%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Benefits from higher seasonal volumes across WestRock's (WRK) segments, lower costs is likely to be offset by planned higher maintenance in fiscal third-quarter 2019.
WestRock Company today reported that its Board of Directors declared a quarterly dividend of $0.455 per share on its common stock. The quarterly dividend of $0.455 per share will be paid to stockholders of record as of the close of business on August 9, 2019 and will be paid on August 20, 2019.
WestRock (WRK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
WestRock (WRK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WestRock Company (NYSE:WRK) is a true Dividend Rock Star. Its yield of 5.0% makes it one of the market's top dividend...
Shares of containerboard companies fell Monday, after KeyBanc Capital analyst Adam Josephson turned bearish on several companies in the sector, as industry fundamentals continue to deteriorate. Shares of WestRock Co. fell 2.7%, Sealed Air Corp. shed 2.2%, Packaging Corp. of America slumped 2.2% and International Paper Co. slid 1.0%. The stocks were the four-biggest decliners within the SPDR Materials Select Sector ETF , which edged up 0.1%. Josephson cut his ratings on all four companies to underweight from sector weight. Although containerboard fundamentals are "worse now than in recent years," Josephson said valuations are now lower than in line with historical averages. That suggests consensus estimates for the companies have further room to fall, which suggests the stocks are more likely to underperform over the next 9 to 12 months. The stocks' selloff comes as the materials ETF has climbed 15.7% year to date, while the S&P 500 has gained 20.1%.
The paper sector is witnessing deteriorating fundamentals in containerboard, pulp and uncoated freesheet, according to KeyBanc Capital Markets. Despite industry fundamentals being worse than in recent ...
Despite higher maintenance downtime planned for fiscal 2019, WestRock (WRK) is likely to deliver improved results on favorable demand, price and mix trends across its businesses.
Westrock Co NYSE:WRKView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for WRK with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting WRK. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.32 billion over the last one-month into ETFs that hold WRK are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Dividend paying stocks like WestRock Company (NYSE:WRK) tend to be popular with investors, and for good reason - some...
WestRock Company (WRK) announced today that it has received notification of an unsolicited "mini-tender" offer by TRC Capital Corporation (TRC Capital) to purchase up to 3,000,000 shares, or approximately 1.17% of the outstanding common stock of the Company as of April 19, 2019. TRC Capital's offer price of $34.80 per share in cash is 4.58% less than the $36.47 closing price of the Company's common stock on June 28, 2019, the last trading day before the mini-tender offer commenced, and 6.55% less than the $37.23 closing price of the Company’s common stock on July 2, 2019.
WestRock Company today announced that it will host a conference call to discuss third quarter fiscal 2019 results and other topics on Thursday, August 1, at 8:30 am ET. WestRock will release its third quarter fiscal 2019 results prior to market open on Thursday, August 1.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 8 months is one of those periods, as the Russell 2000 […]