Latest news for Svenska Cellulosa (OTC:SCABY) Stock

Svenska Cellulosa AB is Europe's private forest owner, engaged different business segments such as; the Forest segment which generates key revenue, supplies its industries with timber. The Wood segment includes five sawmills in northern Sweden and wood processing and distribution to the building materials trade in Sweden and France, The Pulp segment encompasses the production and sale of bleached softwood kraft pulp (NBSK) and chemi-thermomechanical pulp (CTMP), which are produced at the Ostrand pulp mill, The Containerboard segment includes packaging paper with kraft liner manufacturing at the Obbola and Munksund paper mills, and The Renewable Energy segment which encompasses production and sales of processed and unprocessed biofuels as well as liquid biofuels.

SVENSKA CLLULSA UNSP/ADR by Svenska Cellulosa AB

Svenska Cellulosa AB

HC Wainwright &amp; Co. analyst Douglas Tsao maintains Protagonist Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTGX#NASDAQ">PTGX</a>) with a Buy and raises the price target from $50 to $54.

News

Price Target

Analyst Ratings

PTGX

HC Wainwright & Co. Maintains Buy on Protagonist Therapeutics, Raises Price Target to $54

Chardan Capital analyst Daniil Gataulin maintains MeiraGTx Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGTX#NASDAQ">MGTX</a>) with a Buy and maintains $36 price target.

MGTX

Chardan Capital Maintains Buy on MeiraGTx Hldgs, Maintains $36 Price Target

U.S. stock futures rose on Monday, following Friday's selloff. Futures of all four benchmark indices were trading higher.
Investor anxiety over tariffs and a 10% drawdown in consumer sentiment data on Friday, raised fears of a market correction.
The semiconductor technology giant led by Jensen Huang, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is expected to report its fourth-quarter earnings this week.
The 10-year Treasury yield stood at 4.44%, while the two-year yield was at 4.22%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 97.5% chance that the Federal Reserve will keep interest rates unchanged for the March meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.40%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.50%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.68%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.82%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. SPY was up 0.51% to $603.00, and QQQ advanced 0.40% to $528.16, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Consumer staples stocks were in a bright spot, while information technology, consumer discretionary, and industrial sectors led the S&amp;P 500&#8217;s overall decline on Friday.
Shares of UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) fell over 7% following a Wall Street Journal report that the Department of Justice is investigating the company&#8217;s Medicare billing practices.
Several economic indicators fueled the market&#8217;s downturn, including the University of Michigan consumer sentiment index, which plummeted 10% to 64.7 in January. The survey also revealed a 5-year inflation outlook of 3.5%, the highest since 1995.
Existing home sales experienced a sharp 4.9% decline in January, reaching a seasonally adjusted rate of 4.08 million, the steepest drop in seven months. February&#8217;s flash S&amp;P Global PMIs showed a significant, unexpected drop in services, raising concerns about the private sector&#8217;s health.
The Dow Jones closed lower by 749 points or 1.69% at 43,428.02 on Friday. The S&amp;P 500 fell 1.71% to 6,013.13, while the Nasdaq Composite fell 2.20% to 19,524.01. The small-cap gauge Russell 200 declined 2.95% to 2,195.35.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-2.20%</td>
<td>19,524.01</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.71%</td>
<td>6,013.13</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-1.69%</td>
<td>43,428.02 </td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-2.95%</td>
<td>2,195.35</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Talking about last week's fall on Thursday and Friday after scaling record highs, Ed Yardeni of Yardeni Research, said "Sentiment turned very bearish very quickly at the end of last week because investors aren&#8217;t as sure about the economy&#8217;s resilience as we are."
"We remain impressed that it grew over the past three years notwithstanding a significant tightening of monetary policy, a mini-banking crisis, and lots of geopolitical turmoil. We continue to place our bets on its resilience," he added.
Talking about the anticipated Nvidia earnings this week, Yardeni said that he expects to hear guidance that "DeepSeek won&#8217;t kill spending on AI infrastructure, including datacenters."
"The main risk is that Nvidia will announce yet another delay in its highly anticipated Blackwell GPU, which was first announced in March 2024," he added.
The <a href="https://www.weforum.org/press/2020/10/recession-and-automation-changes-our-future-of-work-but-there-are-jobs-coming-report-says-52c5162fce/">World Economic Forum estimates</a> that 85 million worldwide jobs may be displaced by AI in 2025 alone. McKinsey Global Institute projects that 375 million jobs (14% of the global workforce) will require "reskilling" by 2030.
Louis Navellier of Navellier &amp; Associates quoted the above data and said, "The AI boom is here and now, and this means that the job market is going to go through some real upheaval in 2025 and beyond."
A surge in layoffs from S&amp;P 500 and Global 1000 companies would likely force the Fed to abandon its "higher for longer" rate strategy and rapidly shift to looser monetary policy, especially if—or when—the unemployment rate reaches 5%, he added.
Charlie Bilello, the chief market strategist at Creative Planning, in an X post, highlighted that the Nasdaq 100 was trading above its 200-day moving average for 489 consecutive sessions, which was its second highest in history since 1986.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Nasdaq 100 has closed above its 200-day moving average for 489 consecutive trading days, the 2nd longest uptrend in history. <a href="https://twitter.com/search?q=%24NDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NDX</a><a href="https://t.co/rQuXrxVpWs">https://t.co/rQuXrxVpWs</a> <a href="https://t.co/LZoWrhGk7H">pic.twitter.com/LZoWrhGk7H</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1893855232397820404?ref_src=twsrc%5Etfw">February 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on this week:
<ul>
<li>No data is scheduled to be released on Monday.</li>
</ul>
<ul>
<li>On Tuesday, Dallas Fed President Lorie Logan will speak in London at 4:20 a.m., ET.</li>
</ul>
<ul>
<li>December's S&amp;P Case-Shiller home price index for 20 cities will be out at 9:00 a.m., ET.</li>
</ul>
<ul>
<li>February's consumer confidence data will be announced at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Vice Chairman for Supervision Michael Barr will speak at 11:45 a.m., ET.</li>
</ul>
<ul>
<li>Richmond Fed President Tom Barkin will speak at 01:00 p.m., ET.</li>
</ul>
<ul>
<li>On Wednesday, new home sales data for January will be released at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Atlanta Fed President Raphael Bostic will speak at 12:00 p.m., ET.</li>
</ul>
<ul>
<li>On Thursday, initial jobless claims data till the week ended Feb. 22, January's durable-goods orders data, and GDP's second reading will be announced at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Kansas City Fed President Jeff Schmid speaks will speak at 9:15 a.m., ET.</li>
</ul>
<ul>
<li>Pending home sales data for January will be out by 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Governor Michelle Bowman will speak at 11:45 a.m., ET.</li>
</ul>
<ul>
<li>Philadelphia Fed President Patrick Harker will speak at 3:15 p.m., ET.</li>
</ul>
<ul>
<li>On Friday, January's personal income, spending, core and headline PCE index, advanced U.S. trade balance in goods, retail and wholesale inventories will be out by 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Richmond Fed President Tom Barkin will speak at 8:30 a.m., ET as well.</li>
</ul>
<ul>
<li>February's Chicago business barometer data will be released at 9:45 a.m., ET.</li>
</ul>
<ul>
<li>Chicago Fed President Austan Goolsbee will speak at 10:15 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>) was up 0.085% in the premarket on Monday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of $2.90 per share on the revenue of $2.77 billion.</li>
</ul>
<ul>
<li>Domino&#8217;s Pizza Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>) advanced 1% as Wall Street expects it to report quarterly earnings of $4.91 per share on revenue of $1.48 billion before the opening bell.</li>
</ul>
<ul>
<li>Westlake Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) declined 0.28% ahead of its earnings, which will be released before the opening bell. Analysts expect it to report quarterly earnings of $1.09 per share on revenue of $2.94 billion.</li>
</ul>
<ul>
<li>ONEOK Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) rose 1.12% as Wall Street expects it to report quarterly earnings of $1.51 per share on the revenue of $6.73 billion after the closing bell.</li>
</ul>
<ul>
<li>Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) was up 1.39% after reporting a 71% increase in operating earnings to $14.5 billion for the fourth quarter.</li>
</ul>
<ul>
<li>Hawaiian Electric Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) dropped 4.83% after it posted a loss of 40 cents per share for the fourth quarter, versus earnings of 44 cents per share in the year-ago period.</li>
</ul>
<ul>
<li>authID Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUID#NASDAQ">AUID</a>) jumped 4.9% after it was recognized as a leader in biometric authentication by Acuity Market Intelligence, praised for its platform&#8217;s accuracy and data protection.</li>
</ul>
<ul>
<li>Nuburu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NYSE">BURU</a>) plummeted 19.27% after it announced an acquisition agreement to expand its defense business and enter the security sector. It has secured a commitment letter from a private equity group for a deal involving recapitalization, acquisitions, and technology licensing.</li>
</ul>
<ul>
<li>Boxlight Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOXL#NASDAQ">BOXL</a>) slumped 20.65% after announcing a fundraising of roughly $2.8 million through a private placement of stock and warrants at $2.13 per share.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.18% to hover around $70.53 per barrel.
The gold spot index was up by 0.16% to $2,940.60 per ounce easing from the record high of $2,954.97. The Dollar Index was flat at 106.616 level.
Asian markets ended mostly lower on Monday. Except for Japan's Nikkei 225, and Australia's ASX 200 index, all other gauges declined, including India's S&amp;P BSE Sensex index, China's CSI 300, South Korea's Kospi, and Hong Kong's Hang Seng index. European markets were mostly higher in trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43906366/warren-buffetts-berkshire-boosts-bets-on-five-japanese-companies-admiration-has-consistently-grown-says-oracle-of-omaha-in-letter-to-shareholders">Warren Buffett&#8217;s Berkshire Boosts Bets On 5 Japanese Companies: Oracle Of Omaha Says Admiration &#8216;Has Consistently Grown&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

Asia

Equities

Government

Treasuries

Economics

Pre-Market Outlook

Markets

ETFs

General

AUID

BOXL

BURU

NVDA

Wall Street Looks To Bounce Back After Friday's Rough Ride Triggered By Consumer Sentiment: Analyst Says 'We Continue To Place Our Bets' On Economy's Resilience

Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>), owner of Bed Bath &amp; Beyond and Overstock, announced today it has completed the previously announced transaction pursuant to the Company's Asset Purchase Agreement with BBBY Acquisition Co. LLC ("BBBY") to acquire the global rights of the Buy Buy Baby brand. The purchase price of $5 million includes certain assets, databases, domains, intellectual property, vendor relationships and content related to Buy Buy Baby.

BYON

Beyond, Inc. Finalizes $5M Buy Buy Baby Brand Acquisition, Expands Retail Portfolio

Summit Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) reported quarterly losses of $(0.07) per share which beat the analyst consensus estimate of $(0.08) by 12.5 percent.

Earnings

Earnings Beats

SMMT

Summit Therapeutics Q4 2024 Adj EPS $(0.07) Beats $(0.08) Estimate

Guidance

Clear Channel Outdoor Sees Q1 Revenue Of $329M - $344M Vs. $502.53M Est.

With this expanded agreement, Disguise will introduce an extensive range of Pokémon-themed costumes and accessories, available at retailers—both in-store and online—this fall.

Contracts

JAKK

JAKKS Pacific Unit Disguise Enters Expansion Of Long-standing Agreement With The Pokémon Company Through Multi-year Contract Extension

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.revbiosciences.com%2F&amp;esheet=54212168&amp;newsitemid=20250224415789&amp;lan=en-US&amp;anchor=Revelation+Biosciences%2C+Inc.&amp;index=1&amp;md5=ed38a4d0de7c5acb5011433b12a0c733">Revelation Biosciences, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) (the "Company" or "Revelation"), a clinical-stage life sciences company that is focused on rebalancing inflammation to optimize health, announced today the Nasdaq Stock Market LLC ("Nasdaq") formally notified the Company that REVB common stock will continue to be listed and traded on Nasdaq, as Revelation is in compliance with all requirements for continued listing.
On January 21, 2025, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.revbiosciences.com%2Fpress-releases%2Frevelation-biosciences-starts-its-prime-phase-1b-clinical-study-of-gemini-in-ckd-patients&amp;esheet=54212168&amp;newsitemid=20250224415789&amp;lan=en-US&amp;anchor=Revelation+announced+the+commencement+of+its+PRIME+%28PReconditioning+IMmunostimulatory+Evaluation%29+Phase+1b+clinical+study&amp;index=2&amp;md5=72b0ad17aba37a96deb6b76c6b3a89cd">Revelation announced the commencement of its PRIME (PReconditioning IMmunostimulatory Evaluation) Phase 1b clinical study</a> of escalating doses of intravenously administered Gemini in patients with Stage 3 and 4 Chronic Kidney Disease (CKD). The U.S. multi-site placebo-controlled study will enroll up to 40 patients in five cohorts of single escalating doses.

Regulations

REVB

Revelation Biosciences Advances PRIME Phase 1b Trial for Chronic Kidney Disease Treatment, Maintains Nasdaq Listing, Meets All Compliance Requirements

The dividend was declared on its outstanding common stock for shareholders of record as of March 14, 2025, to be paid on March 28, 2025.

Dividends

Domino's Pizza Increases Quarterly Dividend By 15% From $1.51 To $1.74 Per Share

Clear Channel Outdoor Sees FY25 Revenue Of $1.562B - $1.607B Vs. $$2.34B Est.

Wells Fargo analyst Derek Archila downgrades Exelixis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) from Overweight to Equal-Weight and maintains the price target from $36 to $36.

Downgrades

EXEL

Wells Fargo Downgrades Exelixis to Equal-Weight, Maintains Price Target to $36

Equitable Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQH#NYSE">EQH</a>), the leading financial services holding company of Equitable, AllianceBernstein and Equitable Advisors, today announced that it has commenced a cash tender offer to purchase up to 46,000,000 units ("Units") representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AB#NYSE">AB</a>) ("AB Holding"), at a price of $38.50 per Unit, net to the seller in cash, for an aggregate purchase price of up to approximately $1.8 billion, less any applicable tax withholding (the "Offer"), representing a 7.8% premium over AB Holding's closing price per Unit on the New York Stock Exchange on February 21, 2025. The number of Units proposed to be purchased in the Offer represents approximately 41.7% of AB Holding's currently outstanding Units. The Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase and the related Letter of Transmittal, each dated February 24, 2025.

Equitable Holdings Launches $1.8B Tender Offer for 41.7% Stake in AllianceBernstein, Offers $38.50 Per Unit in Cash, a 7.8% Premium

Clear Channel Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCO#NYSE">CCO</a>) reported quarterly losses of $(0.04) per share. This is a 180 percent decrease over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $426.72 million which missed the analyst consensus estimate of $592.53 million by 27.98 percent. This is a 2.57 percent increase over sales of $416.01 million the same period last year.

Earnings Misses

Clear Channel Outdoor Q4 EPS $(0.04) Down From $0.05 YoY, Sales $426.72M Miss $592.53M Estimate

UBS analyst Gavin Parsons upgrades TransDigm Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>) from Neutral to Buy and announces $1595 price target.

Upgrades

UBS Upgrades TransDigm Gr to Buy, Announces $1595 Price Target

Domino's Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) reported quarterly earnings of $4.89 per share which missed the analyst consensus estimate of $4.92 by 0.61 percent. This is a 9.15 percent increase over earnings of $4.48 per share from the same period last year. The company reported quarterly sales of $1.44 billion which missed the analyst consensus estimate of $1.48 billion by 2.20 percent. This is a 2.92 percent increase over sales of $1.40 billion the same period last year.

Domino's Pizza Q4 2024 GAAP EPS $4.89 Misses $4.92 Estimate, Sales $1.44B Miss $1.48B Estimate

Buybacks

Fresh Del Monte Produce Approved A $150M Share Repurchase Program And Increased The Quarterly Dividend From $0.25 To $0.30. The Next Quarterly Dividend Will Be Paid On March 28, 2025, To Shareholders Of Record On March 10, 2025.

Gran Tierra Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GTE#AMEX">GTE</a>) reported quarterly losses of $(1.04) per share. This is a 552.17 percent decrease over earnings of $0.23 per share from the same period last year. The company reported $147.29 million in sales this quarter. This is a 4.94 percent decrease over sales of $154.94 million the same period last year.

Gran Tierra Energy Q4 2024 GAAP EPS $(1.04) Down From $0.23 YoY, Sales $147.29M Down From $154.94M YoY

Apple&#xAE; today announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four years. This new pledge builds on Apple's long history of investing in American innovation and advanced high-skilled manufacturing, and will support a wide range of initiatives that focus on artificial intelligence, silicon engineering, and skills development for students and workers across the country.
 &nbsp;

AAPL

Apple Commits $500 Billion to US Investment, Focuses on AI and Silicon Innovation

The collection of more than 50 items, created in a uniquely Target way, features beloved Disney Princess and Marvel characters with signature modern and playful designs for which the retailer's stylish kids home owned brand, Pillowfort, is known for.

Target Launches Disney And Marvel Collections By Pillowfort, Two New Kids' Bedding Collections

UBS analyst Brennan Hawken upgrades Janus Henderson Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) from Neutral to Buy and raises the price target from $45 to $50.

Janus Henderson Group plc Ordinary Shares

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