Pulse of The Market: Tuesday’s 10 Top Performers

4. International Paper Company (NYSE:IP)

International Paper jumped by 6.49 percent on Tuesday to finish at $56.26 apiece following a robust earnings outlook over the next two years.

At its annual investor day, IP said it targets revenues for the year to settle at $27 billion, higher than the $24.6 billion as expected by analysts, while earnings before interest, tax, depreciation, and amortization (EBITDA) is expected to settle between $3.5 billion and $4 billion. Revenues in 2027 are expected to end between $26 billion and $28 billion.

Additionally, IP said it would allocate some $1.9 billion in capital expenditures over the next two years to optimize its production footprint.

Meanwhile, IP plans to make its plants more efficient and allocate more resources to higher-value customers and markets.