NWL Stock Recent News

On July 26, 2023, Newell Brands Inc ( NWL , Financial) experienced a daily gain of 3.89%, despite a Loss Per Share of $-0.29. The question arises: Is this stock a potential value trap?

The ongoing tough environment, reduced inventory and inflationary pressures are likely to have dented Newell's (NWL) Q2 earnings despite productivity and efficiency initiatives.

Canaccord initiated coverage on Newell Brands with a "buy" rating this morning. Citi still isn't sure the stock is worth owning, however.

ATLANTA--(BUSINESS WIRE)--Newell Brands Inc. (NASDAQ: NWL) today announced its second quarter 2023 earnings results will be released Friday, July 28, 2023 prior to market open and will be followed by a live webcast at 11:00 a.m. ET. To listen to the webcast, please select Events & Presentations from the Investors tab of the Newell Brands website at www.newellbrands.com. The live webcast will be recorded and made available for replay. About Newell Brands Newell Brands (NASDAQ: NWL) is a lead.

Newell Brands CEO Chris Peterson joins 'Squawk on the Street' to discuss Peterson's message to investors, how the company's new growth plan will work, and more.

Newell Brands' 1Q23 results showed net sales and core sales declines, validating bear case concerns, but the company reaffirmed its full-year 2023 guidance, indicating expectations of improved performance in the second half of the year. Recent restructuring efforts, including price adjustments and distribution center optimization, demonstrate the new CEO's commitment to improving business fundamentals. I recommend a hold rating for NWL, as it would be better to wait for more validation before re-evaluating the situation.

Shares of Newell Brands Inc. NWL, +3.19% dropped more than 3% in the extended session Friday after the consumer products company behind brands such as Rubbermaid and Elmer glue said it was embarking on a restructuring and savings plan intended to “streamline” its North American distribution network. The goal is to improve the company's cost structure, Newell Brands said.

ATLANTA--(BUSINESS WIRE)--Newell Brands Inc. (NASDAQ: NWL) announced today that President and Chief Executive Officer, Chris Peterson, and Chief Financial Officer, Mark Erceg, will present at the dbAccess Global Consumer Conference in Paris at 2:30 a.m. ET (8:30 a.m. CEST) on Tuesday, June 6, 2023. The presentation will be webcast and may be accessed by selecting Events & Presentations from the Investors tab of the Newell Brands website at www.newellbrands.com. The webcast will be archived.

When I think of activist investors, Carl Icahn and Bill Ackman always come to mind. While you could argue that Ackman doesn't practice activism often, the duo's battle over Herbalife (NYSE: HLF ) started in 2012 and continued for several years.

In trading on Monday, shares of Newell Brands were yielding above the 10% mark based on its quarterly dividend (annualized to $0.92), with the stock changing hands as low as $9.13 on the day.