|Bid||0.00 x 1100|
|Ask||0.00 x 4000|
|Day's Range||16.58 - 17.48|
|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 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.
, 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.
The Newell Brands earnings report for the fourth quarter of 2018 has NWL stock falling hard on Friday.The bad news for Newell Brands (NYSE:NWL) starts with revenue of $2.34 billion for the fourth quarter of the year. This is a drop from the company's revenue of $2.49 billion for the fourth quarter of 2017. It was also a blow to NWL stock by coming in below Wall Street's revenue estimate of $2.43 billion for the period.Newell Brands notes that there were several factors in its most recent earnings report that resulted in the 6% drop to its revenue. This includes adopting a new revenue recognition standard, unfavorable foreign exchange and a decline in core sales.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe other disappointment in the Newell Brands earnings report for the fourth quarter of 2018 is its outlook for 2019. This includes it expecting earnings per share ranging from $1.50 to $1.65 for the full year of 2019. That isn't helping NWL stock at all with analysts' looking for earnings per share of $2.14 for the year.The Newell Brands outlook for the full year of 2019 also has it expecting revenue between $8.20 billion and $8.40 billion. That's just more fuel to the fire burning NWL stock today with Wall Street estimating revenue of $8.78 billion for the year. * 10 Hot Stocks Leading the Market's Blitz Higher Getting more into detail, we can see that Newell Brands is expecting earnings per share between 4 cents and 8 cents on revenue ranging from $1.66 billion to $1.70 billion for the first quarter of the year. This isn't even close to Wall Street's earnings per share and revenue estimates of 22 cents and $1.80 billion for the first quarter of 2019.NWL stock was down 18% as of Friday morning. 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 As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Newell Brands Earnings: NWL Stock Slides Lower on Sales Miss, Outlook appeared first on InvestorPlace.
Key InsightsNewell, which makes a wide range of products from Crock-Pot slow cookers to Sharpie pens, is in the midst of a turnaround plan that includes selling businesses to slim down and simplify its portfolio of brands.It agreed to sell two businesses last quarter -- yearbook and class ring maker Jostens, as well as Pure Fishing, a tackle and reel company.It looks like more divestments may be on board for this year, with Chief Executive Officer Michael Polk saying in a statement that 2019 will be “another year of significant portfolio and organization transformation.” He didn’t elaborate.While cost management and pricing will help prop up margins going forward, Polk did cite the negative impact from retailer bankruptcies, currency swings, inflation and tariffs.