The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results...

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Ladies and gentlemen, thank you for standing by, and welcome to the WestRock Company's Second Quarter Fiscal 2020 Results Conference Call. With me on today's call are WestRock's Chief Executive Officer, Steve Voorhees; our Chief Financial Officer, Ward Dickson; our Chief Commercial Officer and President of Corrugated Packaging, Jeff Chalovich; as well as our Chief Innovation Officer and President of Consumer Packaging, Pat Lindner.

WestRock (WRK) anticipates cost synergies and performance improvements of more than $200 million by the end of fiscal 2021 from the KapStone buyout.

WestRock Company (NYSE: WRK) today announced that it will host a conference call to discuss second quarter fiscal 2020 results, as well as other topics, on Tuesday, May 5, 2020, at 8:30 am ET. WestRock will release its second quarter fiscal 2020 results prior to market open on Tuesday, May 5, 2020.

Signs of a slowdown in the number of hospitalizations and intensive-care admissions in New York and Europe has led to optimism over the reopening of the economy soon and improving activity in the near future.

Covid-19 is blowing a gaping hole in the balance sheets of American corporations. It’s a big problem for stock investors who, essentially, are seeing billions in value transferred from themselves to bondholders.

WestRock Company (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, today announced its participation in the Goldman Sachs 2020 Industrials and Materials Conference on May 13, 2020. Steve Voorhees, chief executive officer, will present at 12:10 pm ET. This event will be webcast and available for replay on WestRock’s website, ir.westrock.com.

On CNBC's "Mad Money Lightning Round," Jim Cramer advised a viewer with a long position in Cisco Systems, Inc. (NASDAQ: CSCO) to wait for the earnings report. He likes the Cisco setup.Cramer would stick with Cerus Corporation (NASDAQ: CERS). The company had a good quarter.Westrock Co (NYSE: WRK) bit off more than it could chew, said Cramer. He doesn't want to be around a company that is cutting its dividend.You have to take a really long-term view in Uber Technologies Inc (NYSE: UBER), said Cramer. He believes in the stock in the long-term.Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) is a good stock and it goes higher, said Cramer.Cramer likes HMS Holdings Corp (NASDAQ: HMSY) very much. He doesn't know why it is down.Mirati Therapeutics Inc (NASDAQ: MRTX) is a good one, said Cramer.See more from Benzinga * Mike Khouw Sees Unusual Options Activity In Uber * 'Fast Money' Traders Answer Questions On Uber, Chipotle And More * Cramer Advises His Viewers On BP, TJX And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Today we'll evaluate WestRock Company (NYSE:WRK) to determine whether it could have potential as an investment idea...

Moody's Investors Service ("Moody's") has changed Ingevity Corporation's ("Ingevity") outlook to stable from negative. At the same time, Moody's has affirmed Ingevity's Ba2 Corporate Family Rating ("CFR"), Ba3 rating on the existing $300 million senior unsecured notes and Probability of Default Rating of Ba2-PD.

WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, today announced results for its fiscal second quarter ended March 31, 2020, and provided an update related to the impact of the COVID-19 pandemic on the Company.

After reading WestRock Company's (NYSE:WRK) most recent earnings announcement (31 December 2019), I found it useful to...

The stock market is coming off of its worst week since 2008. Almost all of Georgia's largest publicly traded companies saw rough results.

WestRock (WRK) Q2 results likely to reflect gains from investments, acquisitions as well as productivity and performance-improvement programs, negated by lower prices and higher maintenance downtime

WestRock (WRK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Starbucks on the list Continue reading...

The paper engineering leader announced a range of steps to preserve its financial position and prioritize debt reduction.

WestRock's (WRK) Q2 revenues decline on lower selling price across its business segments.

WestRock LLC (WRK) second-quarter revenue dropped below market estimates as the packaging company announced $1 billion in cost-cutting measures and reduced its dividend to preserve cash amid the coronavirus pandemic.Net sales declined 3.7% to $4.45 billion in the second quarter ended March 31 year-on-year and came in $50 million below analysts’ estimates. Adjusted earnings per share amounted to $0.67 beating market expectations of $0.61 per share.WestRock lowered its annual dividend to $0.80 from $1.86 previously, which means its quarterly dividend was reduced to $0.20 from $0.465. Shares dropped 5.6% to $28.60 in pre-market U.S. trading.“In the second quarter, WestRock delivered solid results with improved demand in select key markets as the pandemic impacted consumer buying habits, especially in March,” said Steve Voorhees, chief executive officer at WestRock. “We are adapting quickly to the uncertain economic and market demand conditions and taking steps that we expect will provide an additional $1 billion in cash available for debt reduction through fiscal 2021.”Georgia-based WestRock will cut fiscal 2020 capital investments by about $150 million to $950 million, while fiscal 2021 capital investments are expected to fall in a range of $600 to $800 million. Senior executives and board of directors’ salaries and retainers will be slashed by up to 25%. Discretionary expenses will also be cut, the company said.In addition, the packaging company said it is withdrawing its fiscal 2020 guidance due to the unknown duration and severity of reduced economic activity as a result of the coronavirus pandemic.As of March 31, the company had more than $2.5 billion in available credit facilities and cash and cash equivalents.Wall Street analysts have a Moderate Buy consensus rating on WestRock’s stock based on 3 Buys, 1 Hold and 1 Sell. The $33.40 average price target implies 10.2% upside potential in the shares in the coming 12 months. (See WestRock stock analysis on TipRanks). Related News: Billionaire Ackman Ramps Up Stake in Restaurant Brands; Oppenheimer Sees Buying Opportunity Wells Fargo Hypes Up Activision Blizzard Into 1Q20 Earnings Starbucks to Reopen 85% of U.S. Stores This Week; Fitch Cuts Rating to BBB More recent articles from Smarter Analyst: * Pfizer Plans To Test Covid-19 Vaccine On Thousands Of Patients By September- Report * Uber Rejects GrubHub’s All-Stock Proposal – Report * Gilead Signs Remdesivir Licensing Agreements With Five Drugmakers * Las Vegas Sands Puts A Lid On Potential Japanese Development