This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Paper Stock Winners: Domtar, Orient Paper

NEW YORK ( TheStreet) -- Paper stocks are among the biggest industry gainers so far during Friday's regular trading session. Domtar Corp. (UFS - Get Report) and Orient Paper (ONP - Get Report) are among the stock leaders in the group.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Domtar has popped by 5.2% to $82.45 on volume of 394,568, versus its average trading volume of 299,871. Domtar said it was celebrating the start-up of its newly installed 50 megawatt bio-fueled steam turbine generator at its Marlboro mill in South Carolina.

The new turbine, which cost Domtar about $40 million in 2010 to complete, is making the mill more energy efficient, the company said.

Buckeye Technologies (BKI) popped by 3% to $20.83 amid news that the stock had been upgraded to neutral from underperform by Credit Suisse.

Orient Paper is up 2.9% to $5.62. Orient Paper says it's finished the installation of two new energy efficient boilers to replace two old steam boilers that, as previously announced, were removed in July of last year. The removals were required by of the Baoding City Environmental Protection Agency in connection with the government's approval of the Orient Paper's pending, new 360,000-tons-a-year medium paper production line.

Fibria Celulose (FBR - Get Report) has risen 3% to $16.51 even amid news that the stock was downgraded to equal-weight from overweight by Morgan Stanley, along with the broader equities, as they advanced with General Electric's (GE - Get Report) consensus-topping quarterly earnings report.

UPM-Kymmene ( UPMKY) has spiked by 3.1% to $19.40. The company has announced that its plantation company, Forestal Oriental, has acquired about 25,000 hectares of land in Uruguay from a private land owner in order to improve wood procurement options and support its self-sufficiency in wood supply.
More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to:
Copyright 2010 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FBR $14.77 1.16%
GE $30.36 -0.98%
ONP $1.67 2.45%
UFS $41.27 0.02%
AAPL $118.03 -0.71%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs