17.15 -0.14 (-0.81%)
After hours: 7:43PM EST
|Bid||17.12 x 1800|
|Ask||17.26 x 3200|
|Day's Range||16.90 - 17.32|
|52 Week Range||15.12 - 29.55|
|Beta (3Y Monthly)||1.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 14, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||0.92 (4.24%)|
|1y Target Est||22.10|
Newell Brands Inc. Chief Executive Michael Polk is under pressure from the board of directors to prove his turnaround is working following several disappointing quarters of sales at the household-goods conglomerate, according to people familiar with the matter. The company’s board, composed mainly of directors selected by activist investors, has discussed replacing Mr. Polk while also dangling new financial incentives for him should the company rebound, the people said. Mr. Polk, 58 years old, has been CEO of Newell since July 2011.
Fitch Ratings on Wednesday downgraded Newell Brands Inc. long-term issuer default rating to BB-plus from BBB-minus, lowering it to speculative-grade, or "junk" status, from investment grade. The move "reflects the significant deterioration in underlying core operations; lack of visibility to topline and EBITDA stabilization and therefore the level of sustainable FCF generation; and Fitch's expectation that leverage will be at 3.5x or higher even if the company diverts all asset sale proceeds toward debt paydown, after offsetting around $400 million in negative FCF expected in 2019," the rating agency said in a report. The owner of brands, including PaperMate, Sharpie and Rubbermaid has seen declines that go beyond the baby and writing categories and suggest execution issues that may stretch on into 2020, said the report. It also reflects risks about business divestitures that are showing weakness and concerns about an economic slowdown. Shares were up 3% Wednesday, but have fallen 36% in the last 12 months, while the S&P 500 has gained 2%. The company's most active bonds, the 3.850% notes that mature in April of 2023, were trading 8 basis points tighter on the day at 196 basis points over Treasurys, according to MarketAxess to yield 4.402%.
, literally as shares were hammered for a 21% drop following the release of fourth quarter earnings. What spooked investors was likely lowered guidance that management issued for 2019 which puts earnings per share in the $1.50-$1.65 range. Management cited a whole host of reasons for trouble, including a strong dollar, tariffs, inflationary pressures, and the Toys R Us bankruptcy's affect on the company's Graco line.
Newell Brands Inc. plunged nearly 21% to close $17.16 on Friday after announcing mixed fourth-quarter results and after issuing a downbeat outlook. The consumer goods multinational, owner of brands like Rubbermaid, Sharpie and Graco baby products, reported fourth-quarter net income fell to $208.
Archer Daniels (ADM) witnesses softness at its Carbohydrate Solutions segment for a while now. Nevertheless, its cost savings and growth initiatives appear encouraging.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
fourth-quarter earnings largely were in line with analysts' forecasts, but the soda and snacks maker said 2019 earnings would fall as the company boosts investments in some of its key consumer products. rose 1.82% after the chip company posted stronger-than-expected fourth-quarter earnings and said sales for its current financial year would top forecasts as key markets in China recover from their current slump.
The Dow Jones Industrial Average jumped more than 1% while the Nasdaq Composite struggled to stay above breakeven on Friday, finishing 61 basis points higher, as markets head into a three-day weekend. (That's right, don't forget to keep your screens off on Monday, unless you just want to get in a little extra chart studying.) Speaking of which, here are the five top stocks to trades for when the markets reopen Tuesday: Deere (DE) Click to Enlarge Shares of Deere (NYSE:DE) came under slight pressure Friday, falling just 2.1% despite missing on earnings expectations and beating on revenue estimates. With shares hovering right near $165 resistance, Deere would've needed a strong quarter to launch its stock into breakout mode.Now pulling back, we have to see where support comes into play. Short of Friday marking the short-term low, a test of the 50-day seems likely.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf we get a broader market correction -- and perhaps some trade-war worries -- we could get DE stock down into this $145 to $148 area. That puts uptrend support, and the 200-day moving average, into play. * 7 Financial Stocks With Accelerating Growth That would give investors a low-risk long opportunity should they find DE attractive. Nvidia (NVDA) Click to Enlarge Shares of Nvidia (NASDAQ:NVDA) were up big in after-hours trading Thursday evening. The company's earnings results and guidance gave bulls confidence, running shares up over $170. That was a key level in the stock though -- and one we outlined earlier this week.With shares up just over 2% now, confidence isn't all that high and the move isn't all that impressive as NVDA fades off its highs. Bulls want to see to the stock stay over the 21-day moving average now. Below and the 50-day is on the table and possibly a test of uptrend support down below $140.If the 21-day holds, a run up to $174 is possible. Above that and $200 becomes a possibility again. Canopy Growth (CGC) Click to EnlargeLike Nvidia, the modest post-earnings rally in Canopy Growth (NYSE:CGC) isn't exactly inspiring the bullish spirits on Wall Street. Shares continue to hold up over this $45 to $46 level, as well as uptrend support and the 21-day moving average.So long as that's the case, CGC can technically move higher. If it closes above $50, it could trigger a move up to the prior highs near $60. Below the 21-day moving average, though, and Canopy Growth stock may need some time to reset. Applied Materials (AMAT) Click to EnlargeA rally from sub-$30 to more than $40 per share right into the 200-day moving average put bulls in a poor risk-reward situation with Applied Materials (NASDAQ:AMAT). Particularly with the company reporting earnings.Despite a top and bottom line beat, AMAT stock pulled back after somewhat disappointing guidance. That said, shares are bouncing nicely off the 21-day moving average. Considering the run-up prior to earnings, this price action isn't all that bad.Aggressive bulls can buy now and use a close below the 21-day as their stop. Conservative bulls can buy on a potential breakout over the 200-day moving average.Bears have a play too. If they didn't like the quarter and don't like the stock, they can consider shorting AMAT with a stop-loss on a close over the 200-day. More conservative bears can wait for a break of the 21-day.If they get it, they can look to ride AMAT down to the 50-day moving average. Newell (NWL) and XPO Logistics (XPO) Click to Enlarge Newell Brands (NYSE:NWL) (top) beat on earnings but missed on revenue estimates for the fourth quarter. Making matters worse, guidance disappointed.In all, the report sent shares reeling, down more than 20% Friday. As such, NWL stock remains a no-touch. Its plunge below $18 thrusts it into no man's land and puts the $15 lows on the table.This one remains a disaster, just like XPO Logistics (NYSE:XPO), below.A top and bottom line earnings miss sent XPO spiraling lower Friday, falling more than 12%.While XPO is rallying off the lows, it's in no man's land, too. Like Newell, its 52-week lows are on the table of possibilities, and it's hard to have much trust in this name until it can get above its 21- and 50-day moving averages.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post 6 Top Stocks to Trade Tuesday, Including Canopy Growth appeared first on InvestorPlace.
Stocks that moved substantially or traded heavily on Friday: Arista Networks Inc., up $23.17 to $263.95 The cloud-computing company beat fourth-quarter forecasts on a surge in revenue and issued a strong ...
Newell Brands Stock Sinks on Q4 Sales Miss and Dismal OutlookFourth-quarter sales disappointNewell Brands (NWL) stock was down 19.9% as of 2:41 PM EST on February 15 after the company reported lower-than-expected sales for the fourth quarter and
Newell Brands Inc. announced today that President and Chief Executive Officer, Michael Polk, and Chief Financial Officer, Christopher Peterson, will present at the 2019 Consumer Analyst Group of New York Conference.
Newell Brands (NWL) delivered earnings and revenue surprises of 14.63% and -2.64%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Inc. forecast another year of sales declines at the consumer-goods conglomerate even though one of its business segments returned to growth in its latest quarter. The maker of Rubbermaid containers, Sharpie markers and Elmer’s glue on Friday said it expects net sales in 2019 of between $8.2 billion and $8.4 billion, down from $8.6 billion in 2018. The company also forecast a low single-digit percentage decline in core sales from continuing operations, which excludes the impacts from divestitures and currency fluctuations.
Newell Brands pulled in less revenue than expected last quarter, and management gave investors little reason for hope about sales in 2019—a combination that sent the stock down by double digits on Friday.
XPO stock tanked a whopping 12.7 percent after the transportation company reported disappointing fourth-quarter results. Canopy Growth CGC — Cannabis producer Canopy Growth rallied 3 percent Friday after it reported third-quarter revenue rose 282 percent over the last year in one of Wall Street's first looks into the legal recreational marijuana market in Canada. PepsiCo PEP – Shares of Pepsi rose nearly 3 percent after the beverage and snack giant reported adjusted quarterly profit of $1.49 per share, matching Street forecasts, while revenue beat estimates.
Newell Brands reported mixed fourth quarter earnings. The Ticker's Jackie DeAngelis and Yahoo Finance's Seana Smith discuss how the company's revenue missed at $23 Billion.