Paper Packaging

Analysts at Oppenheimer & Co initiate coverage of Sonoco Products (NYSE: SON) with an "outperform" rating. The target price for SON is set to $40. SON’s shares moved up 1.75% to close at $33.71 yesterday. More Analyst Ratings here

Sonoco Products Co (NYSE: SON) was upgraded by Deutsche Bank from “hold” to “buy.” Shares of SON have climbed 3.84% to $34.03 at 8:41 am EST. SON’s quarterly earnings growth is 29.81% y/y. Columbia Sportswear Company (NASDAQ: COLM) has been upgraded to “hold” from “sell” by Citigroup. COLM’s shares...

CNOOC Ltd. (CEO) has successfully struck a new discovery in eastern Bohai Bay. The company has produced 540 barrels of oil per day during the testing of the Penglai 9-1 well. The well was drilled to depths of 1505 meters in water. Bohai Bay is becoming the most important drilling location among...

Packaging Corporation of America (NYSE: PKG) announced on Monday that its 4th quarter profits were down 25% from the same quarter a year ago. Packaging Corporation of America reported that its 1st quarter profit fell to $19.2 million, or 19 cents per share, down from $25.7 million, or 25 cents per...

PowerShares launched a suite of small-cap sector ETFs based on the S&P SmallCap 600 Index yesterday (4/7/10).  These nine new ETFs are the first to provide sector-specific exposure within the U.S. small-cap stock market. I have long been a fan of sector and industry-focused funds, and I warmly...

Analysts at Soleil Securities Group maintain their "buy" rating on Temple-Inland Inc (NYSE: TIN), while raising their estimates for the company. The target price for TIN has been raised from $23 to $26. Soleil Securities Group expects TIN’s recent initiatives to improve pricing and reduce costs in...

Analysts at Credit Suisse initiate coverage of Sonoco Products Company (NYSE: SON) with a "neutral" rating. SON’s shares rose by 0.29% to $30.88 in today’s trading. More Analyst Ratings here

CNOOC Ltd (CEO) has successfully started production at two of its independent oil fields. The two oil fields are WeiZhou11-1 east (WZ11-1E) and BoZhong (BZ) 3-2. The first is located in western South China Sea, while the other is in Bohai Bay. The company has 100% interest in both the oil fields...

At 1:11 p.m., Dow gained 53.36, or 0.50%, to 10,739.34, while the broader Standard & Poor's 500 index rose 7.28, or 0.63%, to 1,166.74. The Nasdaq composite index added 15.28, or 0.64%, to 2393.29. The industries that are driving the market today are: Processing Systems & Products: The top...

“An ETF for U.S. small-cap stocks, iShares S&P Small Cap 600 Index Fund (IJR), set a fresh 52-week high on Friday and is trading at levels last seen right around Lehman Brothers filed for bankruptcy in September 2008. Small and mid-sized stocks have outpaced large-cap shares measured by the...

According to “Stocks Worth Owning Today” , there are several stocks, and industry specific counters that an investor should have in his portfolio. Given the uncertainties about the recovery, investing in companies that are fundamentally strong and have rewarded its shareholder even during the...

The early market sectors that are leading this market higher include: Conglomerates, Basic Materials, and Capital Goods. The market move feeds into my call yesterday that the market was taking a breather and that the higher beta names may run higher today. It is still early today, and as the oil...

Bemis Company Inc. (NYSE: BMS) reported Thursday that its 4th quarter net income fell to $29 million, or 26 cents per share, from $33 million, or 32 cents per share during the same quarter a year ago. Bemis Company Inc.'s adjusted earnings climbed to 45 cents per share, up from 32 cents per share...

The fourth-quarter net income at Sealed Air Corp (NYSE: SEE) soared by 38% to $65.1 million, or $0.37 a share, from $47.3 million, or $0.26 a share, in the year-ago quarter. Revenues dipped to $1.15 billion from $1.17 billion in the same quarter a year ago. Wall Street analysts had projected the...

The stocks that are worth keeping a lookout for today are: Apple (NASDAQ: AAPL) reports after the close today, with earnings expected at $2.08 per share. After falling 4.96% to close at $197.75 on Friday, AAPL gained 2.75% to $203.19. AAPL’s quarterly earnings growth was 46.60% y/y and the company’...