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YTD Analysis of Lumber Prices Vs. Timber ETFs
WY
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+19.46%
in
352 days
<> The accompanying table [click to enlarge or download] includes a year-to-date analysis for near-month CME Random Length Lumber Futures (LB), Claymore/Clear Global Timber ETF (CUT), iShares S&P Global Timber & Forestry ETF (WOOD), and the S&P 500 ETF (SPY). The price of lumber has declined the least of all four with a YTD loss of about 33% versus a 46.8% loss for WOOD, a 57.7% loss for CUT, and a loss of 42.8% for SPY. An idea for a new commodity pool fund that invests in near-month lumber futures would p>...
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Oh no, what happened to Weyerhaeuser??
WY
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+26.84%
in
382 days
Wow, this stock was hammered today! The company has terrific management and really knows how to lean itself down during hard times. Yes, they will be losing money, they produce lumber (among other things) so with the home building freeze it's a given. That said, I think they've got some terrific assets in their timberlands. Once this business cycle bottoms out this company will be one of the first to turn around. Meanwhile it's paying a handy dividend, having just declared a 60 cent quarterly payout on the 16th of October.
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WY is a HOLD
WY
From the Blogosphere
Weyerhaeuser Hit by U.S. Housing – Analyst Blog
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On Friday, before market opened, Weyerhaeuser Company (WY) reported discouraging results for the third quarter 2009.
The company reported net sales of $1,407 million compared to $2,107 million in the year ago quarter. Excluding one time items, Weyerhaeuser reported a net loss of $56 million, or 26 cents per share versus a net loss of $3 million, or 1 cent per share, in the third quarter of 2008.
Weyerhaeuser operates through four business segment such as Timberlands, wood products, cellulose fibers and real estate. Excluding a pre-tax gain of $163 million from the sale of 140,000 acres of...
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Notable Analyst Rating Changes 11/2: MOT, GNW, YUM, WY Upgraded; CMCSA, ERJ, RIMM, GERN Downgraded
UPGRADES:Citigroup upgraded Motorola (NYSE: MOT) from Hold to Buy and lifted their price target from $9 to $10.50. Fox-Pitt upgrades Genworth Financial (NYSE: GNW) from In-Line to Outperform. Price target $15. RBC Capital upgrades Yum! Brands (NYSE: YUM) from Sector Perform to Outperform. Credit Suisse upgrades Weyerhaeuser (NYSE: WY) to Neutral. Price target increased to $37. For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:Kaufman Bros. downgrades Comcast (NASDAQ: CMCSA) from Buy to Hold. Price target to $17 from $18. Click Here for more color.Bank of Am...
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Notable Analyst Rating Changes 11/02: MOT, UFS, GNW, EL, JWN, WY, RCL, CS Upgraded; RIMM, PALM, CMCSA, ERJ, GERN Downgraded
UPGRADES:Citigroup upgraded Motorola (NYSE: MOT) from Hold to Buy and lifted their price target from $9 to $10.50. JPMorgan, Raymond James and RBC upgrade Domtar (NYSE: UFS) to Overweight, Outperform and Top Pick, respectively.Fox-Pitt upgrades Genworth Financial (NYSE: GNW) from In-Line to Outperform. Price target $15. UBS and Caris upgrade Estee Lauder (NYSE: EL).Deutsche Bank upgrades Nordstrom (NYSE: JWN) to Buy. Price target $45. Click here for the full report.Credit Suisse upgrades Weyerhaeuser (NYSE: WY) to Neutral. Price target increased to $37. Wells Fargo upgrades Royal Caribbean ...
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Stock Market News for October 30, 2009 – Market News
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U.S. stocks rose strongly Thursday, reversing a four-session losing run, after a government report said the economy grew more than expected in the July-September quarter. Investors shunned Treasuries and jumped back into stocks after the report signaled the economy had emerged from the worst recession since the 1930s. <>The positive surprise was enough to propel benchmark indexes to their biggest advance since July and send safe havens like Treasuries and dollar lower. Caterpillar Inc. (NYSE:CAT) and Alcoa Inc. (NYSE:AA) advanced at least 5.1% after the Commerce Department said the econom><>><>><>><>><>><>><>>< /><><>< />><>< />><>< />>>< />...
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New Residential Construction Industries Jump on Mortgages
<font>New Residential Construction Industries Jump on Mortgages</font> A number of industries related to residential home construction including New Residential Construction itself, moved higher today as mortgage rates continue to fall. Residential Construction moved higher 5.7% as an industry with Cement jumping 4.34% higher and Lumber/Wood Production also higher 3.66%. By Steve Patterson <font>Residential Building</font> <>A number of names in New Residential Construction moved higher today including Brookfield Homes (BHS), Standard Pacific (SPF), Hovanian (HOV), Lennar (LEN), and Rylan>...
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