WRK - Ball Corp. bounces higher as Citi sees positive sector earnings

Ball Corp. ([[BLL]] +3.1%) is one of today's top gainers on the S&P 500 as Citi analysts forecast strong results for the packaging sector in the upcoming earnings season.Q2 demand was strong and paper and packaging companies could continue the trend of beating estimates, as in Q1 2021 and Q4 2020, Citi analyst Anthony Pettinari says, according to Bloomberg.Pettinari says he favors cyclical exposure within the group in an uncertain consumer outlook, recommending Crown Holdings ([[CCK]] +0.8%), Sealed Air (SEE) and Avery Dennison (AVY).Ball shares rose as much as 3.8% earlier, and Crown clings to gains, but other sector names trade lower: [[GPK]] -0.3%, [[PKG]] -1.3%, [[AVY]] -1.3%, [[WRK]] -1%, [[SEE]] -0.6%, [[IP]] -0.2%.Ball has been a YTD stock laggard, which presents an opportunity "as the company is in a fantastic position to benefit from high growth in the aluminum can industry," Leo Nelissen writes in a bullish analysis posted on

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Ball Corp. bounces higher as Citi sees positive sector earnings