$WOOD

Benzinga·Apr 16Neutral

International Paper Buys Major US Paper Mill In $360 Million Deal

International Paper agreed to acquire North Pacific Paper Company (NORPAC) for $360 million to expand its packaging operations on the U.S. West Coast. The Longview, Washington mill produces approximately one million tons of containerboard annually. The acquisition is expected to enhance system flexibility, lower costs, and support growing demand for recycled packaging. IP stock was up 0.41% at $36.66 on Thursday.

Benzinga·May 23Neutral

Weyerhaeuser's Latest Acquisition Promises 'Portfolio-Leading Cash Flows'

Weyerhaeuser is acquiring 117,000 acres of timberlands in North Carolina and Virginia for $375 million, aiming to boost cash flow and expand its presence. The acquisition is expected to deliver immediate and sustained portfolio-leading cash flows within the company's Southern Timberlands business.

Benzinga·Mar 11Neutral

Rayonier Agrees To $710 Million New Zealand JV Sale, Aims To Strengthen US Operations And Reduce Debt

Rayonier sells 77% stake in New Zealand joint venture for $710 million, reducing leverage and targeting special dividend. Proceeds to fund strategic acquisitions, shareholder returns, and support U.S. operations' growth.

Benzinga·Apr 30

April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market

As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn, declining by approximately 3%. This marks the end of a five-month streak of gains. Similarly, the tech-heavy Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), experienced a 3.5% decline. Among large-cap indices, blue-chip stocks showed slight underperformance, with the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) slipping by 4.5%. Small-cap stocks, represented by the iShares Russell 2000 ETF (NYSE:IWM), plummeted by over 6%, marking their worst performance since October 2023. Overall, it has been a challenging month for the stock market, primarily due to inflation surprises surpassing expectations. This has led to a recalibration of market expectations regarding potential Federal Reserve rate cuts. Additionally, complex global geopolitical tensions have emerged, notably between Israel and Iran, alongside the ongoing issue in the Gaza Strip. May is anticipated to start with a crucial event as investors await the Federal Reserve Open Market Committee (FOMC) meeting on Wednesday. While no interest rate changes are expected, all eyes will be on Fed Chair Jerome Powell‘s remarks to assess the Fed’s stance in response to recent inflation surprises. Read also: Federal Reserve Meeting Preview: High Interest Rates ‘Need More Time To Work,’ Bank of America Says Performance Of Sector ETFs In April ...Full story available on Benzinga.com

Zacks Investment Research·Jul 7

7 ETF Areas to Gain from a Rebounding Housing Market

The U.S. home-building market exhibits a strong recovery of late, owing to the limited inventory and increased demand. This recovery should benefit some industries that are allied to the housing industry.

MarketWatch·Sep 21

U.S., U.K. and powerful nations get serious about protecting the forests believed vital to hitting Paris climate target

Backers say forest pledge from 140 countries has the potential to deliver up to 10% of the emissions cuts needed to hit the goals of the Paris climate pact.

Investing.com·Jun 16

What’s Your Trade Ahead of the Fed? Wooden Opportunity?

Zacks Investment Research·May 29

Lumber Mania, Timber ETFs & More

We discuss why lumber prices have soared and what lies ahead