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Topic: Growth Stocks

NEWELL BRANDS INC. $48

NEWELL BRANDS INC. $48 (www.newellbrands.com) is up 8% since the merger of Newell Rubbermaid and Jarden Corp. on April 15, 2016. Newell shareholders now own 55% of the combined firm, which makes a wide variety of household goods such as pens, hand tools, coffee makers and baby strollers. Excluding merger costs and other unusual items, earnings in the first quarter of 2016 rose 11.1%, to $0.40 a share from $0.36 a year earlier. The new company expects its sales will rise 3% to 4% for all of 2016. It should earn $2.83 a share in 2016, and the stock trades at 17.0 times that forecast. Buy.

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