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2023-08-13 06:33:54 ET Summary WOOD includes commodity exposures in lumber, pulp, and cyclical exposures in packaging companies. Packaging companies are suffering due to pressure from faltering Chinese demand. Lumber, timber and pulp prices also have downside from current leve...
2023-07-19 15:57:09 ET Canfor ( OTCPK:CFPZF ) is Wednesday's biggest loser on the S&P/TSX Composite Index, -4.6% after the British Columbia port strike resumed following the union's rejection of a tentative deal reached last week. The dispute had forced Canfor ( OTCPK:...
2023-06-02 12:15:37 ET Summary Lumber prices have experienced extreme volatility in recent years due to low liquidity and macroeconomic factors. The Chicago Mercantile Exchange introduced a new physical lumber futures contract to improve liquidity, but it remains low. The iSha...
2023-05-12 00:25:00 ET Summary New regulation aiming to curb deforestation and land degradation from commodity production could have significant consequences for companies and investors. Agricultural production has put forests, vital to human survival, under severe threat of defor...
2023-04-01 13:48:09 ET The S&P 500 Materials moved +4.93% this week and the Materials Select Sector SPDR ETF ( NYSEARCA: XLB ) +5.01% . Overall market sentiment was positive, aided by no fresh news regarding the banking crisis and favorable economic data that strengt...
2023-03-29 01:53:00 ET Summary The complexity of the U.S. housing market continues to yield headwinds and tailwinds for lumber into 2023. Despite extraordinary prices and demand since the onset of the pandemic, Canadian lumber exports have yet to return to pre-recession levels. ...
2023-03-25 15:03:23 ET The S&P 500 Materials sector index was up +2.12% this week and the Materials Select Sector SPDR ETF ( XLB ) +1.72% , as fears over the banking sector and hopes of the Federal Reserve pausing rate hikes lingered. Mounting market uncertainty, fue...
2023-03-21 15:06:57 ET Summary Lumber prices are stable - a new contract makes lumber hedging more versatile. Lumber remains highly illiquid, increasing the chances of explosive and implosive price action. Interest rates are critical for wood prices - new home building decline...
2023-03-18 14:39:34 ET The S&P materials sector index was down -3.51% , and the Materials Select Sector SPDR ETF ( XLB ) -3.42% this week, weighed down by the worst financial crisis in 14 and a half years. During the week, two U.S. regional banks - Signature Bank ( ...
2023-03-11 11:38:07 ET The S&P materials sector index fell -7.64% this week and the Materials Select Sector SPDR ETF ( XLB ) -7.59% . Sentiment was dampened by Federal Reserve chair Jerome Powell's hawkish testimony to the Senate and the House, and hot jobs market ...
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On Tuesday, the Cathie Wood-led Ark Invest made some significant trades. The most prominent among them were the increased stakes in Palantir Techno...
2024-04-25 16:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
On Wednesday, Cathie Wood-led Ark Invest continued its buying spree of Tesla Inc (NASDAQ:TSLA) shares, despite the electric vehicle maker’s s...