Weyerhaeuser Co Stock Discussion

Gapping up
In reaction to earnings/guidance:
• $Cognex(CGNX.US)$ +5.4%, $Apogee Enterprises(APOG.US)$ +1.7%
Other news:
• $Roivant Sciences(ROIV.US)$ +12.3% (files $1 bln mixed securities shelf offering)
• $Change Healthcare(CHNG.US)$ +7.5% (a federal judge ruled against the Justice Department’s antitrust challenge to $UnitedHealth(UNH.US)$ planned $13 billion acquisition of the company)
• $Perpetua Resources(PPTA.US)$ +6.1% (receiv...

Upgrades
• $Cadence Design Systems(CDNS.US)$ : BofA Securities Upgrades to Neutral from Underperform - PT $175 (from $160)
• $Federated Hermes(FHI.US)$ : KBW Upgrades to Outperform from Market Perform - PT $540
• $Goldman Sachs(GS.US)$ : BofA Securities Upgrades to Buy from Neutral - PT $380 (from $360)
• $McDonald's(MCD.US)$ : Atlantic Equities Upgrades to Overweight from Neutral - PT $278 (from $245)
• $Oracle(ORCL.US)$ : Exane Upg...

Upgrades
• $Accolade(ACCD.US)$ : Wells Fargo Upgrades to Equal Weight from Underweight - PT $6 (from $9)
• $Comerica(CMA.US)$ : Piper Sandler Upgrades to Overweight from Neutral - PT $94 (from $90)
• $New Oriental(EDU.US)$ : JPMorgan Upgrades to Neutral from Underweight - PT $14 (from $35)
• $EPAM Systems(EPAM.US)$ : Piper Sandler Upgrades to Overweight from Neutral - PT $348 (from $359)
• $Empire State Realty Trust Inc(ESRT.US)$ : Evercore ISI Upgrades to Outp...

U.S. stock index futures were steady during overnight trading on Wednesday after the major averages closed at records following commentary from the Federal Reserve. The central bank said it will begin to slow its bond-buying program, signaling that the economy can now handle an unwinding of pandemic stimulus.
Futures contracts tied to the Dow Jones Industrial Average were flat. S&P 500 futures rose 0.08%, while Nasdaq 100 futures added 0.17%.
$FMC Corp(FMC.US)$ $Centene(CNC.US)$ $Weyerhaeuser Co(WY.US)$ $CVS Health(CVS.US)$ $The Kroger(KR.US)$

Weekly market recap
Stock futures edged lower in overnight trading Sunday after the Dow Jones Industrial Average notched its third positive week in a row at a record high.
Wall Street is coming off a winning week on the back of strong corporate earnings. The blue-chip $Dow Inc.(DOW.US)$ gained more than 1% last week and closed Friday at a record. The $S&P 500 index(.SPX.US)$ rallied 1.7% last week, also posting its third straight positive week and hitting an all-time high Friday.
Of the 117 companies in the S&P 500 that have reported earnings to date, 84% posted numbers that beat expectations, according to Refinitiv. S&P 500 companies are expected to grow profit by about 35% in the third quarter.
Here's a look at the return of S&P 500 sectors
This week ahead in focus
Some of the biggest technology companies are slated to report earnings this week, including $Facebook(FB.US)$, $Alphabet -CL C(GOOG.US)$, $Microsoft(MSFT.US)$, $Amazon(AMZN.US)$ and $Apple(AAPL.US)$. A third of the Dow companies also is set to release quarterly results this week, including $Caterpillar(CAT.US)$, $Coca-Cola(KO.US)$, $Boeing Co(BA.US)$ and $McDonald(MCD.US)$.
Economists and Fed watchers will also be paying attention on Wednesday, when the minutes from the Federal Open Market Committee September meeting will be released. Finally, the annual meetings of the World Bank Group and the International Monetary Fund will run virtually all week.
Economic data out this week includes the Conference Board's Consumer Confidence Index for October on Tuesday, the Census Bureau's durable-goods report for September on Wednesday, and the Bureau of Economic Analysis' preliminary estimate for third-quarter GDP on Thursday.
Economists' consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter.
Monday 10/25
Mega-cap tech companies headline the week's quarterly results starting with Facebook, which reports after the close. Alphabet and Microsoft follow on Tuesday, and Amazon.com and Apple on Thursday.
$Cadence Design Systems Inc(CDNS.US)$, $Kimberly-Clark Corp(KMB.US)$, and $Otis Worldwide(OTIS.US)$release quarterly results.
Tuesday 10/26
$3M Company(MMM.US)$, $Advanced Micro Devices(AMD.US)$, $Ameriprise Financial Inc(AMP.US)$, $Capital One Financial Corp(COF.US)$, $Chubb Ltd(CB.US)$, $Ecolab Inc(ECL.US)$, $Eli Lilly and Co(LLY.US)$, $General Electric(GE.US)$, $Hasbro Inc(HAS.US)$, $Invesco Ltd(IVZ.US)$, $Lockheed Martin(LMT.US)$, $MSCI Inc(MSCI.US)$, $Novan Inc(NOVN.US)$, $Raytheon Technologies(RTX.US)$, $S&P Global(SPGI.US)$, $Sherwin-Williams(SHW.US)$, $Texas Instruments(TXN.US)$, $Twitter(TWTR.US)$, $United Parcel Service(UPS.US)$, and $Visa(V.US)$ report earnings.
The Census Bureau reports sales of new single-family houses for September. Consensus estimate is for a seasonally adjusted annual rate of 775,000 homes sold, 35,000 more than the August figure.
The Conference Board releases its Consumer Confidence Index for October. Expectations are for a 110 reading, similar to the September data. The index is 15% lower than its recent peak in June, with concern about the spread of the Delta variant and inflation dampening consumer optimism.
S&P CoreLogic releases its Case-Shiller National Home Price Index for August. Economists forecast a 20% year-over-year rise, a tick higher than July's 19.7% increase. If that estimate proves correct, it would be the fifth consecutive monthly record gain for the index.
Wednesday 10/27
$Automatic Data Processing Inc(ADP.US)$, Boeing, $Bristol-Myers Squibb Co(BMY.US)$, $CME Group Inc(CME.US)$, Coca-Cola, $Ebay Inc(EBAY.US)$, $Ford Motor(F.US)$, $General Dynamics Corp(GD.US)$, $General Motors(GM.US)$, $Hilton Worldwide Holdings Inc(HLT.US)$, $International Paper Co(IP.US)$, $The Kraft Heinz Co(KHC.US)$, McDonald's, $Norfolk Southern Corp(NSC.US)$, $Old Dominion Freight Line Inc(ODFL.US)$, $ServiceNow Inc(NOW.US)$, $Spotify Technology(SPOT.US)$, and $Thermo Fisher Scientific(TMO.US)$ release quarterly results.
The Census Bureau releases the durable-goods report for September. New orders for manufactured durable goods are expected to decline 0.5% month over month to $262 billion, after a 1.8% gain in August. Excluding transportation, new orders are seen rising 0.8%, above August's 0.3% gain.
Thursday 10/28
$Altria Group Inc(MO.US)$, $American Tower Corp(AMT.US)$, Caterpillar, $Comcast Corp(CMCSA.US)$, $Gilead Sciences(GILD.US)$, $Intercontinental Exchange Inc(ICE.US)$, $MasterCard(MA.US)$, $Merck & Co Inc(MRK.US)$, $Moody's Corporation(MCO.US)$, $Newmont Corp(NEM.US)$, $Northrop Grumman Corp(NOC.US)$, $Sanofi(SNY.US)$, $Shopify(SHOP.US)$, $Starbucks(SBUX.US)$, and $Yum Brands(YUM.US)$ hold conference calls to discuss earnings.
The Bureau of Economic Analysis reports its preliminary estimate for third-quarter GDP. Consensus estimate is for a seasonally adjusted annual growth rate of 4%, after the economy grew 6.7% in the second quarter.
Friday 10/29
$AbbVie(ABBV.US)$, $Cboe Global Markets Inc(CBOE.US)$, $Charter Communications Inc(CHTR.US)$, $Chevron(CVX.US)$, $Colgate-Palmolive Co(CL.US)$, $Exxon Mobil(XOM.US)$, $L3Harris Technologies Inc(LHX.US)$, and $Weyerhaeuser Co(WY.US)$ report quarterly results.
Source: CNBC, Barron's

Weekly market recap
Stocks dipped on Friday as investors remain cautious due to a resurgent virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities. The $Dow Jones Industrial Average(.DJI.US)$0.5% to close at 34,584.88, dragged down by a nearly 2.9% drop in . The $S&P 500 index(.SPX.US)$shed 0.9% to 4,432.99 and the $Nasdaq Composite Index(.IXIC.US)$lost 0.9% to close at 15,043.97.
The Federal Reserve’s much-anticipated meeting next week may not be quite as exciting for markets as some investors had been expecting in the usual choppy month of September.
Here's a look at the retrun of S&P 500 sectors
This Week ahead in focus
The main event this week will be the Federal Reserve's September policy meeting. Investors will also be watching for several corporate earnings releases, investor days, and the latest economic data.
$Lennar Corp(LEN.US)$reports quarterly earnings on Monday, followed by results from $Adobe(ADBE.US)$, $AutoZone Inc(AZO.US)$, and $FedEx(FDX.US)$on Tuesday. $General Mills Inc(GIS.US)$goes on Wednesday, then $Nike(NKE.US)$, $Accenture PLC(ACN.US)$, $Costco(COST.US)$, and $Darden Restaurants Inc(DRI.US)$on Thursday. Investor days this week include $Biogen Inc(BIIB.US)$on Tuesday, $Weyerhaeuser Co(WY.US)$on Wednesday, and $Salesforce(CRM.US)$on Thursday.
The Federal Reserve's monetary policy committee meets on Tuesday and Wednesday this week. The central bank is unlikely to change its target interest rate range, but could give an update on its plans to begin reducing its monthly asset purchases. Wednesday afternoon's press conference with Fed chair Jerome Powell will be closely watched.
Economic data out this week include the Conference Board's Leading Economic Index for August on Thursday. There will also be several updates on the U.S. housing market including the National Association of Home Builders' Housing Market Index for September on Monday, the Census Bureau's new residential construction data for August on Tuesday, and the National Association of Realtors' existing-home sales for August on Wednesday.
Monday 9/20
$Lennar Corp(LEN.US)$reports third-quarter fiscal-2021 results.
$Merck & Co Inc(MRK.US)$presents data on its portfolio of cancer drugs, in conjunction with the European Society for Medical Oncology's 2021 Congress.
The National Association of Home Builders releases its Housing Market Index for September. Economists forecast a 73 reading, two points below August's figure, which was the lowest in more than a year.
Tuesday 9/21
$Adobe(ADBE.US)$, $AutoZone Inc(AZO.US)$, and $FedEx(FDX.US)$release earnings.
$Biogen Inc(BIIB.US)$hosts an investor day to discuss its pipeline of neuroscience therapeutics.
The Census Bureau reports on new residential construction for August. Consensus estimate is for a seasonally adjusted annual rate of 1.55 million housing starts, 1% higher than the July level. Housing starts are down from their post--financial crisis peak of 1.725 million, reached in March of this year.
Wednesday 9/22
The FOMC announces its monetary-policy decision. The Federal Reserve is likely to keep the federal-funds rate unchanged at near zero, but might signal that it will pare its asset purchases later this year.
$General Mills Inc(GIS.US)$reports first-quarter fiscal-2022 results.
The Bank of Japan announces its monetary-policy decision. The BOJ is widely expected to keep its key short-term interest rate unchanged at minus 0.1%, as Tokyo and other regions remain in a state of emergency through the end of September due to the Covid-19 Delta variant.
The National Association of Realtors reports existing-home sales for August. Expectations are for a seasonally adjusted annual rate of 578,000 homes sold, down 3.5% from July's 599,000.
Thursday 9/23
$Accenture PLC(ACN.US)$, $Costco(COST.US)$, $Darden Restaurants Inc(DRI.US)$, and $Nike(NKE.US)$hold conference calls to discuss their quarterly results.
$Salesforce(CRM.US)$holds its 2021 investor day. CEO Marc Benioff and Slack CEO Stewart Butterfield will be among the participants. Salesforce completed its $28 billion acquisition of Slack this summer.
The Conference Board releases its Leading Economic Index for August. Economists forecast a 0.5% month-over-month rise, after a 0.9% increase in July. The Conference Board currently projects 6% gross-domestic-product growth for 2021, and 4% for 2022.
Friday 9/24
$Kansas City Southern(KSU.US)$hosts a special shareholder meeting to vote on a proposed merger with Canadian Pacific Railway.
Source: CNBC, Barron's

$Weyerhaeuser Co(WY.US)$ A Lumber company during the growth phase seems like a good position right now