The Latest Breaking News from Weyerhaeuser

If history is any guide, there may be trouble ahead for shares of Weyerhaeuser (NYSE:WY). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

According to Benzinga Pro, during Q1, Weyerhaeuser (NYSE:WY) earned $771.00 million, a 85.34% increase from the preceding quarter. Weyerhaeuser also posted a total of $3.11 billion in sales, a 41.07% increase since Q4.

As the recession concerns could keep the overall stock market under pressure in the near term, it could be wise to bet on dividend stocks for a steady income stream. Thus, we think investors should consider scooping up shares of Weyerhaeuser (WY), General Mills (GIS), and WestRock (WRK) now.

Upgrades