Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, November 9, 2018

Article Excerpt

NEWELL BRANDS INC., $19.90, 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. Newell continues to make progress with its plan to narrow its focus to a few key product lines: writing; baby; home fragrance; food; 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. Those include this week’s deal to sell its Pure Fishing operations for $1.3 billion. That business makes fishing tackle, lures, rods and reels. Newell is also selling its Jostens operations for $1.3 billion. That business makes school yearbooks and class rings. Including those deals, Newell expects to sell a total of $10 billion worth of its less-important operations. That goal is more than its current market cap of $9.4 billion. OUR RECOMMENDATION: Newell Brands is still…