Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, August 10, 2018

Article Excerpt

NEWELL BRANDS INC., $20.82, New York symbol NWL, makes a variety of household goods such as pens, coffee makers and baby strollers. It took its current form with the merger of Newell Rubbermaid and Jarden Corp. on April 15, 2016. The stock fell 20% this week after the company estimated that new U.S. tariffs on goods imported from China would add $100 million to its annual costs. In response, it will increase prices on some of its products. Meanwhile, Newell continues to make progress with its plan to narrow its focus to nine key product lines: writing; baby; home fragrance; food; fishing; Jostens (jewellery); appliances and cookware; outdoor and recreation; and safety and security. As part of that strategy, the company continues to sell some of its smaller businesses. It expects to raise a total of $10 billion from those sales. Due to its smaller size, Newell’s sales in the quarter ended June 30, 2018, fell 12.8%, to $2.20 billion from $2.53 billion a..

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