Newell Brands Inc. ($NWL) Stock Forecast: Down 5.0% Today

What is Newell Brands Inc.?

Newell Brands Inc. (NASDAQ: NWL) is a consumer goods company known for its diverse portfolio of brands, including Sharpie markers.

Why is Newell Brands Inc. going down?

NWL stock is down 5.0% on Aug 27, 2024 13:48

• The bearish movement in NWL stock today could be attributed to the lack of significant market-moving news or developments from the company.
• The participation of Newell Brands' executives in the Barclays Global Consumer Staples Conference may not have provided any new insights or positive outlook for investors, leading to a negative sentiment.
• The sponsorship of Art Battle® by Sharpie, a brand under Newell Brands, while promoting creativity and community engagement, may not have directly impacted the company's financial performance, contributing to the bearish trend in the stock.

NWL Price Chart

NWL News

Newell Brands to Webcast Fireside Chat at the Barclays Global Consumer Staples Conference

Newell Brands Inc. (NASDAQ: NWL) announced today that President and Chief Executive Officer, Chris Peterson, and Chief Financial Officer, Mark Erceg, will participate in a fireside chat at the Barclays Global Consumer Staples Conference at 9:00 a.m. ET on Wednesday, September 4, 2024. The fireside chat will be webcast and may be accessed by selecting Events & Presentations from the Investors Jetzt den vollständigen Artikel lesen

https://www.wallstreet-online.de/nachricht/18420653-newell-brands-to-webcast-fireside-chat-at-the-barclays-global-consumer-staples-conference

Sharpie® is Pushing Creativity to the Limit at Art Battle® Los Angeles - Newell Brands ( NASDAQ:NWL )

Artists and audiences will gather for an unforgettable night of creativity, competition, and community sponsored by Sharpie Creative Markers ATLANTA, Aug. 20, 2024 /PRNewswire/ -- On Saturday, Aug. 24, Sharpie®, part of the Newell Brands global portfolio, is sponsoring Art Battle® at a flagship ...

https://www.benzinga.com/pressreleases/24/08/n40465681/sharpie-is-pushing-creativity-to-the-limit-at-art-battle-los-angeles

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Newell Brands Inc. Price History

27.07.2024 - NWL Stock was down 5.0%

• The bearish movement in NWL stock today could be attributed to the lack of significant market-moving news or developments from the company.
• The participation of Newell Brands' executives in the Barclays Global Consumer Staples Conference may not have provided any new insights or positive outlook for investors, leading to a negative sentiment.
• The sponsorship of Art Battle® by Sharpie, a brand under Newell Brands, while promoting creativity and community engagement, may not have directly impacted the company's financial performance, contributing to the bearish trend in the stock.

26.03.2024 - NWL Stock was up 12.6%

• Newell Brands exceeded first-quarter expectations, citing a successful turnaround strategy as the key driver behind the company's strong performance. This success elevated investor confidence and propelled shares higher.
• First-quarter adjusted earnings per share were in line with forecasts, while quarterly revenues surpassed analysts' projections, signaling a favorable growth trend.
• The positive market sentiment, particularly in the technology sector with notable earnings from companies like Alphabet and Intel, likely influenced the bullish movement in NWL shares as investors gravitated towards promising industries.
• Encouraging earnings reports from Skechers and other firms also contributed to the overall optimistic market mood, boosting the upward trajectory of Newell Brands stock.

14.04.2024 - NWL Stock was up 5.1%

• The market reacted positively to the news of consumers being pinched by inflation, as it could potentially lead to increased demand for Newell Brands' products.
• Shareholders decisively electing new board members could signal a positive change in the company's direction, boosting investor confidence.
• The once-in-a-decade buying opportunities mentioned indicate investors see Newell Brands as a potential stock for a swift rebound.
• Humorous comments about global GDP growth temperature added a light-hearted tone to the market, contributing to the overall positive sentiment driving NWL's bullish movement.

29.04.2024 - NWL Stock was down 5.8%

• The decline in NWL stock today could be due to investors selling off to lock in profits following a period of growth supported by the company's strategic initiatives.
• Concerns or uncertainty among investors may have arisen after an upcoming presentation at the dbAccess Global Consumer Conference, prompting a sell-off.
• While recent operational improvements have been promising, market participants might be responding to broader macroeconomic influences affecting the consumer goods industry.

16.06.2024 - NWL Stock was up 5.3%

• The disclosure of Newell Brands Inc. webcasting its second-quarter earnings results reveals a commitment to transparency and engaging with investors, potentially bolstering market confidence.
• Positive market reactions to the news suggest investors may be anticipating strong financial performance or strategic insights, driving an increase in the stock price.
• The live webcast offers shareholders and analysts opportunities to delve deeper into the company's financial standing and future prospects, potentially increasing interest in the stock.
• The uptick in NWL's stock price likely stems from expectations of favorable earnings results and the company's active communication with investors.

26.06.2024 - NWL Stock was up 37.8%

• NWL stock showed a significant upward movement today.
• Investors reacted favorably to Newell Brands exceeding earnings projections and raising its FY24 forecast despite a drop in revenue.
• The company outperformed analyst expectations with adjusted earnings per share reaching 36 cents compared to the consensus of 21 cents, boosting investor confidence.
• Despite the decrease in net sales and core sales, the better gross margin numbers contributed to the overall optimistic outlook for NWL stock.

26.06.2024 - NWL Stock was up 29.6%

• Strong second-quarter earnings results outpaced forecasts, driving the stock's surge.
• The company's CEO emphasized substantial advancements in its restructuring initiatives.
• Upbeat outlook from analysts at RBC Capital, pointing to growth opportunities through new product developments, further fueled the positive momentum.
• Overall market sentiment, characterized by recovering futures and robust performance in the tech sector, also buoyed NWL's upward trajectory.

26.06.2024 - NWL Stock was up 38.2%

• NWL stock showed a bullish trend after announcing its Q2 2024 financial results, surpassing sales expectations.
• The company's earnings exceeded analyst predictions by a significant margin, with adjusted earnings per share surpassing consensus.
• Despite a decrease in net sales, a rise in gross margin and an improved FY24 outlook boosted investor optimism.
• The general market recovery, particularly in small-cap and tech sectors, likely contributed to NWL's positive movement as investors displayed faith in the broader market's resurgence.

30.06.2024 - NWL Stock was down 5.2%

• Newell Brands beat second quarter expectations and upgraded its full-year guidance, showing significant progress in its new corporate strategy. However, the stock still experienced a bearish movement, possibly due to soft core sales impacting overall market sentiment.
• Despite reporting earnings per share above analyst estimates, Newell Brands saw a decline in sales for the second quarter of 2024, which may have contributed to the bearish movement in the stock.
• The miss in revenue for Q2 2024 compared to analyst estimates could have led to investor disappointment, resulting in the bearish market movement for Newell Brands today.
• Overall, the mixed results of beating EPS but missing revenue expectations likely caused uncertainty among investors, leading to the bearish movement in NWL stock.

13.07.2024 - NWL Stock was up 5.2%

• Declared a quarterly cash dividend of $0.07 per share, attracting income-seeking investors to the stock.
• Reduced dependence on China by shifting some production to Tennessee amid tariff tensions, boosting investor confidence in the stock's resilience to geopolitical uncertainties.
• Strategic move to diversify production locations could lead to cost savings and operational efficiencies, potentially improving the company's bottom line and driving positive sentiment among investors.

07.07.2024 - NWL Stock was down 5.2%

• NWL stock experienced a bearish movement as the company announced plans to reduce its dependence on China by relocating some manufacturing to Tennessee.
• The decision to shift production out of China amid tariff tensions with the US may have raised concerns among investors about potential disruptions and increased costs.
• The market's reaction suggests that investors are closely monitoring how Newell Brands navigates the changing trade dynamics and its impact on the company's operations and profitability.

15.07.2024 - NWL Stock was up 5.2%

• NWL stock displayed notable upward movement despite recent obstacles.
• Over the last three months, the stock faced a 22% decrease attributed to macroeconomic hurdles and sales difficulties.
• The announcement of a $0.07 per share quarterly dividend likely contributed to enhanced investor confidence in the company's future.
• Investors seem hopeful for a potential stock recovery as Newell Brands Inc. addresses existing economic challenges and focuses on enhancing its sales performance.