Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, March 14, 2014

Article Excerpt

NEWELL RUBBERMAID INC., $29.32, New York symbol NWL, fell 6% this week after the company warned that its earnings for the first quarter of 2014 would miss the consensus forecast. Harsh winter weather has prompted many shoppers to stay home. That has hurt sales of Newell’s household products, like trash cans, pens and food-storage containers. As well, the company had to recall 3.8 million infant car seats to fix a defective seat belt. These factors will cut Newell’s first-quarter earnings by $0.03 to $0.04 a share. As a result, it will probably earn $0.33 a share, compared to the consensus estimate of $0.35. The company continues to do a good job of cutting costs and launching new products. That’s why it still expects its sales to rise 3% to 4% for all of 2014, while full-year earnings will range from $1.94 to $2.00 a share. The stock trades at a reasonable 14.9 times the midpoint of that range. Newell Rubbermaid is our #1 buy…