Advertisement
Singapore markets closed

  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • Dow

    38,239.98
    +253.58 (+0.67%)
     

  • Nasdaq

    15,451.31
    +169.30 (+1.11%)
     

  • Bitcoin USD

    66,120.27
    -136.59 (-0.21%)
     

  • CMC Crypto 200

    1,420.19
    +5.43 (+0.38%)
     

  • FTSE 100

    8,034.93
    +11.06 (+0.14%)
     

  • Gold

    2,323.70
    -22.70 (-0.97%)
     

  • Crude Oil

    81.09
    -0.81 (-0.99%)
     

  • 10-Yr Bond

    4.6460
    +0.0230 (+0.50%)
     

  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     

  • Jakarta Composite Index

    7,110.81
    +36.99 (+0.52%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

Why You Shouldn't Bet Against Newell Brands (NWL) Stock

Zacks Equity Research
Updated

One stock that might be an intriguing choice for investors right now is Newell Brands Inc. NWL. This is because this security in the Consumer Products - Staples space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Consumer Products - Staples space as it currently has a Zacks Industry Rank of 43 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Newell Brands is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Newell Brands Inc. Price and Consensus

Newell Brands Inc. Price and Consensus | Newell Brands Inc. Quote

ADVERTISEMENT

In fact, over the past month, current quarter estimates have risen from 26 cents per share to 27 cents per share, while current year estimates have risen from $2.61 per share to $2.68 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Newell Brands. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Click here to see the 5 stocks >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Newell Brands Inc. (NWL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.