S&P 500 Futures Decline in Premarket Trading; Levi Strauss, International Paper Lag
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
0mins
Should l Buy IP?
Source: MarketWatch
- Stock Market Update: Viking Therapeutics Inc. (VKTX) and Trump Media & Technology Group Corp. (DJT) saw gains in pre-market trading, while Informatica Inc. (INFA), Zoetis Inc. (ZTS), and Liberty Media Corp. Series C SiriusXM (LSXMK) also posted gains.
- Stock Declines: Levi Strauss & Co. Cl A (LEVI) and International Paper Co. (IP) experienced declines in early trading, falling 15.4% and 13.9%, respectively.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy IP?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on IP
Wall Street analysts forecast IP stock price to rise
12 Analyst Rating
9 Buy
2 Hold
1 Sell
Moderate Buy
Current: 46.870
Low
36.00
Averages
48.35
High
57.80
Current: 46.870
Low
36.00
Averages
48.35
High
57.80
About IP
International Paper Company provides sustainable packaging solutions. The Company is a global producer of renewable fiber-based packaging and pulp products. Its segments include Packaging Solutions North America, Packaging Solutions EMEA and Global Cellulose Fibers. Packaging Solutions North America and Packaging Solutions EMEA segments are primarily focused on producing fiber-based packaging. It produces linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft of which a majority of its production is converted into corrugated packaging and other packaging. Global Cellulose Fibers segment primarily focuses on producing cellulose fibers which is a renewable raw material used in a variety of products people depend on every day such as diapers, towel and tissue products, feminine care, incontinence and other personal care products. Its specialty pulps serve as a sustainable raw material used in textiles, construction materials, paints, coatings and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
US Stocks Decline Amid Trade Policy Uncertainty
- Market Decline: The S&P 500 Index fell by 0.22%, the Dow Jones Industrial Average by 0.24%, and the Nasdaq 100 by 0.66%, reflecting heightened risk-off sentiment due to uncertainty over U.S. trade policy, which may undermine investor confidence.
- Tariff Increase Impact: President Trump's executive order raising global tariffs from 10% to 15% could suppress global economic growth, negatively impacting the stock market, particularly in trade-sensitive sectors, as investors reassess risk exposure.
- Earnings Outlook: Despite the overall market decline, over 80% of S&P 500 companies have reported earnings, with 74% exceeding expectations, indicating resilience in corporate earnings, and S&P earnings growth is projected to reach 8.4% in Q4.
- Economic Data Focus: The market will closely monitor upcoming economic data, including consumer confidence index and initial jobless claims, as these figures will influence the Fed's interest rate decisions, further impacting stock market trends.
See More
Packaging Stocks Lead Today's Decline Amid Ongoing Tariff Issues.
- Market Reaction: Shares of U.S. packaging companies experienced significant declines on Monday.
- Price Drop: The decline in share prices was attributed to an unexpected fall in cardboard prices.
- Demand Issues: The drop in cardboard prices was linked to sluggish demand in the market.
- Industry Impact: The overall performance of packaging companies reflects broader economic challenges related to demand.
See More
U.S. Stock Futures Decline, Novo Nordisk Shares Drop
- Futures Decline: U.S. stock futures are lower this morning, with Dow futures falling approximately 100 points, indicating a cautious market sentiment that may lead investors to adopt more conservative strategies in the short term.
- Novo Nordisk Stock Drop: Novo Nordisk shares fell 8% to $43.60 in pre-market trading, reflecting market concerns about the company's future performance, which could impact investor confidence in the pharmaceutical sector.
- Market Sentiment Weakens: The overall market sentiment is influenced by multiple factors, including uncertainties in economic data and investor concerns regarding future interest rate policies, potentially leading to downward pressure on more stocks in the near term.
- Investor Strategy Adjustment: As stock futures decline, investors may reassess their portfolios and shift towards more stable asset allocations to mitigate potential market volatility.
See More
S&P 500 Futures Decline in Pre-Market Session; International Paper and Smurfit Westrock Underperform
- Market Opening: U.S. stock markets are set to open in two hours.
- Fortune Brands Performance: Fortune Brands Innovations Inc. (FBIN) saw a 5.6% increase in pre-market trading.
- Domino's Pizza Performance: Domino's Pizza Inc. (DPZ) experienced a 5.0% rise in pre-market trading.
- Overall Market Sentiment: The pre-market gains indicate positive sentiment among investors for these companies.
See More
Movers in the Market: Novo Nordisk, Eli Lilly, Arcellx, Paramount, Domino’s, Nvidia, and Others
- Stock Market Reaction: Stock futures experienced a decline on Monday following an announcement from President Donald Trump regarding tariff increases.
- Tariff Increase Announcement: Trump stated that global tariffs would be raised to 15%, with the changes taking effect immediately.
See More
High Dividend Stocks Favored Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors are turning to high dividend-yielding stocks, which typically have high free cash flows and reward shareholders with substantial dividend payouts.
- Materials Sector Stocks: Analysts have rated three high-yielding stocks in the materials sector, namely International Paper Co (NYSE:IP), Eastman Chemical Co (NYSE:EMN), and Dow Inc (NYSE:DOW), indicating their stability and attractiveness in the current market.
- Analyst Accuracy: The ratings for these stocks come from the most accurate analysts, suggesting a high level of confidence among investors in these companies, which may attract more capital inflows.
- Dividend Appeal: High dividend stocks not only provide stable cash flows but also offer a safety margin for investors amid market uncertainties, thereby enhancing the risk resilience of their investment portfolios.
See More
US Stocks Decline Amid Trade Policy Uncertainty
- Market Decline: The S&P 500 Index fell by 0.22%, the Dow Jones Industrial Average by 0.24%, and the Nasdaq 100 by 0.66%, reflecting heightened risk-off sentiment due to uncertainty over U.S. trade policy, which may undermine investor confidence.
- Tariff Increase Impact: President Trump's executive order raising global tariffs from 10% to 15% could suppress global economic growth, negatively impacting the stock market, particularly in trade-sensitive sectors, as investors reassess risk exposure.
- Earnings Outlook: Despite the overall market decline, over 80% of S&P 500 companies have reported earnings, with 74% exceeding expectations, indicating resilience in corporate earnings, and S&P earnings growth is projected to reach 8.4% in Q4.
- Economic Data Focus: The market will closely monitor upcoming economic data, including consumer confidence index and initial jobless claims, as these figures will influence the Fed's interest rate decisions, further impacting stock market trends.
See More
Packaging Stocks Lead Today's Decline Amid Ongoing Tariff Issues.
- Market Reaction: Shares of U.S. packaging companies experienced significant declines on Monday.
- Price Drop: The decline in share prices was attributed to an unexpected fall in cardboard prices.
- Demand Issues: The drop in cardboard prices was linked to sluggish demand in the market.
- Industry Impact: The overall performance of packaging companies reflects broader economic challenges related to demand.
See More
U.S. Stock Futures Decline, Novo Nordisk Shares Drop
- Futures Decline: U.S. stock futures are lower this morning, with Dow futures falling approximately 100 points, indicating a cautious market sentiment that may lead investors to adopt more conservative strategies in the short term.
- Novo Nordisk Stock Drop: Novo Nordisk shares fell 8% to $43.60 in pre-market trading, reflecting market concerns about the company's future performance, which could impact investor confidence in the pharmaceutical sector.
- Market Sentiment Weakens: The overall market sentiment is influenced by multiple factors, including uncertainties in economic data and investor concerns regarding future interest rate policies, potentially leading to downward pressure on more stocks in the near term.
- Investor Strategy Adjustment: As stock futures decline, investors may reassess their portfolios and shift towards more stable asset allocations to mitigate potential market volatility.
See More
S&P 500 Futures Decline in Pre-Market Session; International Paper and Smurfit Westrock Underperform
- Market Opening: U.S. stock markets are set to open in two hours.
- Fortune Brands Performance: Fortune Brands Innovations Inc. (FBIN) saw a 5.6% increase in pre-market trading.
- Domino's Pizza Performance: Domino's Pizza Inc. (DPZ) experienced a 5.0% rise in pre-market trading.
- Overall Market Sentiment: The pre-market gains indicate positive sentiment among investors for these companies.
See More
Movers in the Market: Novo Nordisk, Eli Lilly, Arcellx, Paramount, Domino’s, Nvidia, and Others
- Stock Market Reaction: Stock futures experienced a decline on Monday following an announcement from President Donald Trump regarding tariff increases.
- Tariff Increase Announcement: Trump stated that global tariffs would be raised to 15%, with the changes taking effect immediately.
See More
High Dividend Stocks Favored Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors are turning to high dividend-yielding stocks, which typically have high free cash flows and reward shareholders with substantial dividend payouts.
- Materials Sector Stocks: Analysts have rated three high-yielding stocks in the materials sector, namely International Paper Co (NYSE:IP), Eastman Chemical Co (NYSE:EMN), and Dow Inc (NYSE:DOW), indicating their stability and attractiveness in the current market.
- Analyst Accuracy: The ratings for these stocks come from the most accurate analysts, suggesting a high level of confidence among investors in these companies, which may attract more capital inflows.
- Dividend Appeal: High dividend stocks not only provide stable cash flows but also offer a safety margin for investors amid market uncertainties, thereby enhancing the risk resilience of their investment portfolios.
See More
