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Topic: Growth Stocks

NEWELL RUBBERMAID INC. $41 – New York NWL

NEWELL RUBBERMAID INC. $41 (www.newellrubbermaid.com) continues to aggressively cut costs and sell less profitable businesses, such as its Rubbermaid medical-cart operations. Thanks to these moves, the company’s earnings gained 8.5% in the three months ended June 30, 2015, to $0.64 from $0.59 a year earlier. Excluding the negative impact of the high U.S. dollar on Newell’s overseas operations (28% of the total) and businesses it bought and sold, sales rose 5.1%. The company now expects to earn $2.14 to $2.20 a share in 2015, up from its previous forecast of $2.10 to $2.18. The stock trades at a reasonable 18.9 times the midpoint of the new range. Best Buy.

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