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S&P 500   3,693.23
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Saudi Arabia's triumphant week reclaims the West's embrace
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Germany secures more gas shipments as Scholz visits Gulf
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German leader continues Gulf tour with stops in UAE, Qatar
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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
Finally... Some Good News (Ad)pixel
Saudi Arabia's triumphant week reclaims the West's embrace
Poverty, inflation, fear: Egypt's economy pushed to brink
Finally... Some Good News (Ad)pixel
Germany secures more gas shipments as Scholz visits Gulf
Labour conference starts with focus on 'immoral' tax cuts
Finally... Some Good News (Ad)pixel
German leader continues Gulf tour with stops in UAE, Qatar
Poverty and inflation: Egypt's economy hit by global turmoil
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
Finally... Some Good News (Ad)pixel
Saudi Arabia's triumphant week reclaims the West's embrace
Poverty, inflation, fear: Egypt's economy pushed to brink
Finally... Some Good News (Ad)pixel
Germany secures more gas shipments as Scholz visits Gulf
Labour conference starts with focus on 'immoral' tax cuts
Finally... Some Good News (Ad)pixel
German leader continues Gulf tour with stops in UAE, Qatar
Poverty and inflation: Egypt's economy hit by global turmoil
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
Finally... Some Good News (Ad)pixel
Saudi Arabia's triumphant week reclaims the West's embrace
Poverty, inflation, fear: Egypt's economy pushed to brink
Finally... Some Good News (Ad)pixel
Germany secures more gas shipments as Scholz visits Gulf
Labour conference starts with focus on 'immoral' tax cuts
Finally... Some Good News (Ad)pixel
German leader continues Gulf tour with stops in UAE, Qatar
Poverty and inflation: Egypt's economy hit by global turmoil

International Paper Stock Folds to Multi-Year Lows on Downgrade

Jefferies this morning downgraded packaging and paper manufacturer International Paper Co (NYSE:IP) to "underperform" from "hold" earlier. The analyst also lowered its price target to $31 from $40, noting a huge glut in containerboard inventory, which Jefferies predicts will weigh on prices in the fourth quarter. Packaging Corporation of America (PKG) received a similar downgrade to "underperform" from the analyst, while it also hit sector peer WestRock (WRK) with a bear note. IP was last seen down 4.8% at $37.77. 

Jefferies joins a pretty pessimistic brokerage bunch, though there's' still room for more price-target cuts, as the 12-month consensus price of $45.18 sits at a solid 13.9% premium to last night's close. Meanwhile, two of the 13 analysts in coverage still call IP a "strong buy," compared to nine "hold," ratings, and three "sell" or worse ratings. 

Earlier this week, IP broke below a recent floor at the $40 level to hit an almost two-year low of $39.36, and today's drop could spell out another bottom for the equity. The stock's 140-day moving average rejected a rally attempt from the stock in mid-August, and the 10-day moving average has emerged as immediate pressure, putting International Paper stock at a more than 15.5% year-to-date deficit. 

An unwinding of optimism among options traders could weigh further still on IP. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity sports a 10-day put/call volume ratio of 2.69, which stands higher than 83% of readings from the past year. In other words, there's been a healthier-than-usual penchant for calls of late. 

7 Stocks with the Pricing Power to Push Through High Inflation

When inflation rises, it's not difficult to notice higher prices. But you don't have to be very old to understand the expression that a dollar doesn't buy as much as it used to. The Happy Meal was introduced in 1979 for a price of $1.10. Today, that same meal costs $2.99. Yet, it remains one of the restaurant chain's most popular items. It's also a barometer for the economy because of its convenience for parents.

And consider the iPhone which costs 81% more in 2022 than the initial model that launched in 2007. Yet despite the increase in price, consumers are willing to pay whatever is required.

The key to both of these examples, and others like them, is pricing power. A company that has the ability to raise its prices can maintain its profit margins. That means it delivers consistent results regardless of what's happening in the broader economy. In good times, this may be taken for granted. But when the economy slows down, that consistency stands out.

In this special presentation, we're looking at seven companies with significant pricing power at all times, particularly with inflation currently running at 40-year highs.

View the "7 Stocks with the Pricing Power to Push Through High Inflation".

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