SLVM Stock Recent News

SLVM and DBSDY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 14, 2024.

After reaching an important support level, Sylvamo Corporation (SLVM) could be a good stock pick from a technical perspective. SLVM surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

After reaching an important support level, Sylvamo Corporation (SLVM) could be a good stock pick from a technical perspective. SLVM surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.

Sylvamo Corporation (NYSE:SLVM ) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Hans Bjorkman - VP, IR Jean-Michel Ribieras - Chairman and CEO John Sims - SVP and CFO Conference Call Participants Cole Hathorn - Jefferies Matthew McKellar - RBC Capital Markets George Staphos - Bank of America Operator Good morning. Thank you for standing by.

Does Sylvamo Corporation (SLVM) have what it takes to be a top stock pick for momentum investors? Let's find out.

Sylvamo (SLVM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Trading at a near 10% earnings yield, Sylvamo Corporation is a global uncoated papers company with low-cost operations and a history of offering premium quality papers. Charlie Munger advised investors to focus on buybacks when it comes to spin-offs, in his words, cannibals. Unique of a spin-off, Sylvamo has reduced its long-term debt by a significant amount since the spin in 2021 and reduced net interest expense by nearly half.

From a technical perspective, Sylvamo Corporation (SLVM) is looking like an interesting pick, as it just reached a key level of support. SLVM recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

Sylvamo stock has increased by 45% and exceeded my previous valuation target of $55/share. The company's performance in Q1 FY 2024 showed strong net sales and a reduction in economic downtime, which could lead to future earnings growth. Management's capital allocation decisions, including stock repurchases, demonstrate good capital budgeting, resulting in excellent returns on capital deployed.

MEMPHIS, Tenn.--(BUSINESS WIRE)---- $SLVM #TheWorldsPaperCo--Sylvamo (NYSE: SLVM) senior vice president and chief financial officer, John Sims, will participate in a fireside chat and host meetings Tuesday, June 11, during the 2024 Wells Fargo Industrials Conference in Chicago, Illinois. The fireside chat will begin at 10:15 a.m. CDT and will be streamed online. To register and watch the webcast, click here. The presentation will be available at investors.sylvamo.com before the conference begins. About Sylvamo Sylvamo (NY.