Paper & Forest Products
Digging Into Materials
If there are shortages, bottlenecks, and commodity inflation everywhere, why is the rating for the Materials sector so uninspiring? Although valuations are compelling for Materials groups, the overall decline in the rankings can be traced to EPS revisions and macro influences, like the U.S. dollar and low rates.
Housing-Related Groups Top The Rankings
Housing-related groups have catapulted to the very top of our rankings. Several of these are among the top-ten performers of our 120-group universe. Despite the strong returns for these industries, our GS Scores indicate that this theme has even more room to run.
Highted Attractive Groups
Department Stores have rallied the last four months; Health Care Distributors is one of the cheapest groups we track; Paper & Forest Products is the only Materials group in the Attractive range of the GS Scores.
Paper & Forest Products Blaze A Trail
Tobacco and Paper & Forest Products were this week's best groups. Cable & Satellite and Drug Retail are this week's worst groups.
Paper and Forest Products Ream The Competition
Systems Software and Paper & Forest Products were this week's best groups. Internet Retail and Oil & Gas Drilling were this week's worst groups.
Paper Industry: Global Trade Headwind
Lower energy prices will benefit the paper industry as it is among the most energy intensive of Materials groups. Yet, global implications may produce a headwind, offsetting the benefit of lower oil costs.
Two New Groups In Select Industries Portfolio
Two new equity groups added to Select Industries equity portfolio. Inclusion of Paper Products and Independent Power Producers pushes Materials and Utilities to small overweight positions.
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