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Newell Brands (NWL) said Wednesday it intends to offer $500 million of senior unsecured notes due 2031 in a private offering.Net proceeds will be used to help redeem its 6.375% senior notes due 2027, the company said.Price: $6.02, Change: $-0.12, Percent Change: -1.88%
Newell Brands (NWL) returned to quarterly sales growth for the first time in more than four years, with most of its leading consumer brands and key markets posting gains, RBC Capital Markets said Monday in a report.The company in Q2 also recorded $100 million of pretax refunds tied to tariffs imposed under the International Emergency Economic Powers Act, which were material to results and prompted a sizable increase to full-year guidance, according to the report. RBC said that the duty recovery improved Newell's cash-flow outlook, now projected at about $400 million for 2026.Newell still faces pressure from remaining tariff costs and higher input prices, with duty expenses now estimated at $127 million, up $12 million from last year, and inflation expected to add about $200 million, up $50 million from the prior earnings call, the report said.RBC raised its full-year estimates and now expects 0.8% core sales growth, compared with a prior forecast for a 0.3% decline, and $0.76 in earnings per share, up from $0.56.RBC adjusted its price target on Newell stock to $5 from $4 and maintained its sector perform rating.Price: $6.07, Change: $+0.47, Percent Change: +8.30%
(Updates with market moves at the end of the day, along with weekly and monthly index changes.)US equity indexes rose Friday as Amazon (AMZN) surged 15% post earnings, while Wall Street closed out July mostly lower.The Nasdaq Composite rose 1% to 25,373.85, while the S&P 500 climbed 0.7% to 7,489.72. The Dow Jones Industrial Average gained 0.5% to settle at 52,485.03. Among sectors, consumer discretionary was a standout gainer with its 6.1% advance, while materials saw the steepest drop of 2.7%.For the month of July, the Nasdaq shed 3.2% and the S&P 500 edged 0.1% lower, the second consecutive month of losses for both measures. The Dow added 0.3% to log its fourth straight monthly gain.All three indexes posted weekly gains, with the Nasdaq up 1.6%. The S&P 500 and the Dow climbed 1.1% and 1%, respectively.Amazon was the best performer on the Dow and the S&P 500. Late Thursday, the e-commerce giant reported second-quarter earnings above Wall Street's estimates amid a 37% jump in its Amazon Web Services cloud computing business."Amazon's (second-quarter) print was exactly what bulls wanted," RBC Capital Markets said in an emailed client note. "AWS' accelerating 37% growth beat the bogey, the backlog meaningfully accelerated and AWS's margin flow-through would suggest AI may not be the (return on invested capital) depressant it's been made out to be."Apple (AAPL) slumped 7.1%, the worst performer on the Dow and among the biggest declines on the S&P 500. The company missed market estimates for iPad and services revenue in its fiscal third quarter.Apple supply chain-related concerns could persist into fiscal 2027, UBS Securities said, after Chief Financial Officer Kevan Parekh flagged a worsening supply backdrop.West Texas Intermediate crude oil was up 1.1% at $84.52 a barrel in Friday late-afternoon trade, while Brent rose 1.2% to $90.12. Both benchmarks are set to close out July with monthly gains of more than 20%, following two consecutive monthly declines.Iran hit two tankers trying to transit the Strait of Hormuz under US military escort, CNBC reported, citing state run PressTV.Iran's army said Friday that it struck strategic US assets and military bases in Kuwait and Bahrain, following Washington's attacks against Iran, according to a separate CNBC report that cited state media.In other corporate news, oil giants Exxon Mobil (XOM) and Chevron (CVX) reported year-over-year gains in their second-quarter results as supply disruptions in the Middle East boosted oil prices. Exxon shares fell 1%, while Chevron rose 2.4%.Newell Brands (NWL) jumped 9% as its second-quarter earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years.Treasury yields were higher, with the 10-year rate up 5.5 basis points at 4.72%, while the two-year rate rose 3.3 basis points to 4.26%.The Federal Reserve may need to pursue an aggressive tightening cycle if it doesn't raise interest rates immediately to bring inflation down, the three dissenters at this week's monetary policy meeting said Friday.The central bank's 12-member Federal Open Market Committee maintained its benchmark rate on Wednesday, staying on hold for the fifth time. However, three regional Fed presidents -- Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas -- preferred to raise rates by a quarter percentage point.Spot gold declined 1.2% to $4,052.33 per troy ounce, while silver fell 1.6% to $58.08 per ounce.
Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 3.3%.In sector news, US consumer sentiment jumped in July amid broad-based gains across demographic groups, while year-ahead inflation expectations eased, final results of a survey by the University of Michigan showed Friday. The main sentiment index increased nearly 12% sequentially to 55.2 this month. The gauge for current economic conditions jumped to 54.8 from 47.7, while the index of consumer expectations advanced 9.3% to 55.4, according to the survey.New York Attorney General Letitia James and New York Governor Kathy Hochul sued Kalshi on Friday, alleging its prediction market platform operates as an illegal gambling business under state law. The lawsuit claims Kalshi allows users, including those under 21, to place bets on uncertain events without a state gaming license, violating New York gambling laws.In corporate news, Newell Brands' (NWL) Q2 earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years. Its shares jumped past 11%.California Governor Gavin Newsom has expressed concerns about the effect on state employment should the state's lawsuit result in the blocking of Paramount Skydance's (PSKY) acquisition of Warner Bros. Discovery (WBD), The Wall Street Journal reported. The governor's office has encouraged Attorney General Rob Bonta's office to find an out-of-court resolution, the report said. Paramount shares rose 1.5%, and Warner added 2.9%.General Motors (GM) intends to launch an in-vehicle AI system later this year, CNBC reported Friday, citing an interview with Anna Santos, GM's director of product management of voice and AI/machine learning. GM shares were up 0.3%.T-Mobile US (TMUS) executives have informed Deutsche Telekom, its controlling shareholder, that they no longer support a proposed $300 billion merger between the two companies, Semafor reported. T-Mobile US shares were down 0.5%.
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, supported by Amazon's (AMZN) post-earnings rally, though Apple's (AAPL) shares tumbled after the iPhone maker flagged worsening supply constraints.The Nasdaq Composite was up 0.9% at 25,342.7 after midday Friday, while the S&P 500 climbed 0.7% to 7,485.7. The Dow Jones Industrial Average rose 0.6% to 52,521.3. Among sectors, consumer discretionary was a standout gainer with its 6% advance, while materials saw the steepest drop.Amazon' shares jumped 15% intraday, the best performer on the Dow and the S&P 500. Late Thursday, the e-commerce giant reported second-quarter earnings above Wall Street's estimates amid a 37% jump in its Amazon Web Services cloud computing business."Amazon's (second-quarter) print was exactly what bulls wanted," RBC Capital Markets said in an emailed client note. "AWS' accelerating 37% growth beat the bogey, the backlog meaningfully accelerated and AWS's margin flow-through would suggest AI may not be the (return on invested capital) depressant it's been made out to be."Apple was down 9.7%, the worst performer on the Dow and among the biggest declines on the S&P 500. The company missed market estimates for iPad and services revenue in its fiscal third quarter. The tech giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs.On the earnings call late Thursday, Apple Chief Executive Tim Cook flagged supply constraints in the September quarter affecting iPhone, Mac, and iPad."We continue to expect high levels of demand. However, with less flexibility in supply chain, we expect the impact from the supply constraints to increase significantly sequentially," he told analysts, according to a FactSet transcript.West Texas Intermediate crude oil was up 1.4% at $84.74 a barrel intraday, while Brent rose 1.1% to $90.03. Both benchmarks are set to close out July with monthly gains of more than 20%, following two consecutive monthly declines.Iran hit two tankers trying to transit the Strait of Hormuz under US military escort, CNBC reported, citing state run PressTV.Iran's army said Friday that it struck strategic US assets and military bases in Kuwait and Bahrain, following Washington's attacks against Iran, according to a separate CNBC report that cited state media.In other corporate news, oil giants Exxon Mobil (XOM) and Chevron (CVX) reported year-over-year gains in their second-quarter results as supply disruptions in the Middle East boosted oil prices. Exxon shares fell 1.5%, while Chevron rose 1.7%.Newell Brands (NWL) jumped 14% as its second-quarter earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years.Treasury yields were higher, with the 10-year rate up 7.4 basis points at 4.74%, while the two-year rate jumped six basis points to 4.29%.The Federal Reserve may need to pursue an aggressive tightening cycle if it doesn't raise interest rates immediately to bring inflation down, the three dissenters at this week's monetary policy meeting said Friday.The central bank's 12-member Federal Open Market Committee maintained its benchmark rate on Wednesday, staying on hold for the fifth time. However, three regional Fed presidents -- Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas -- preferred to raise rates by a quarter percentage point.Spot gold declined 1.5% to $4,043.11 per troy ounce, while silver fell 2.3% to $57.65 per ounce.
Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 3.3%.In corporate news, Newell Brands' (NWL) Q2 earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years. Its shares jumped past 14%.T-Mobile US (TMUS) executives have informed Deutsche Telekom, its controlling shareholder, that they no longer support a proposed $300 billion merger between the two companies, Semafor reported. T-Mobile US shares were down 1.2%.DoorDash (DASH) was asked by the chairmen of two US House Select Committees for "information and documents" regarding its evaluation and use of AI systems from China, CNBC reported, citing a letter it viewed. The two committees are conducting a joint investigation into the security ramifications of Chinese AI model use among US companies, the report said. DoorDash shares were shedding 0.3%.
Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 3.2%.In corporate news, Newell Brands' (NWL) Q2 earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years. Its shares jumped past 12%.
Newell Brands' (NWL) second-quarter earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years.Adjusted earnings rose to $0.42 per share from $0.24 a year earlier, defying expectations for a decline to $0.20. The results included a $0.17 gain tied to tariff refunds.Earlier this year, the US Supreme Court invalidated tariffs imposed under the International Emergency Economic Powers Act.The Sharpie maker's net sales increased 3% annually to $1.99 billion, exceeding the FactSet-polled consensus of $1.98 billion.Newell's shares soared as high as 39% on Friday, before paring back gains to nearly 12% most recently. The stock has gained 54% this year."We returned to year-over-year growth in both net sales and core sales for the first time in over four years," Chief Executive Chris Peterson said on an earnings call, according to a FactSet transcript.Newell's US market delivered about 5% of net sales growth, the first time its domestic business has grown since COVID-19, Peterson told analysts.Newell raised its full-year normalized EPS projections to a range of $0.73 to $0.77 from $0.56 to $0.60. Wall Street's consensus is $0.58. The increase to Newell's EPS guidance is fully attributable to the $0.17 one-time recovery of tariffs, Chief Financial Officer Mark Erceg said on the call.The company will use these tariff refunds, alongside productivity and cost-control efforts, to offset "significant inflationary pressures," Erceg said. "We believe this negates the need for broad-based pricing actions," he added.The company now expects its full-year net sales to grow 1% to 2%, compared with the previous outlook of flat to up 2%. Analysts surveyed by FactSet expect 1.3% year-on-year growth to $7.30 billion.The company now forecasts a category decline of 1% versus a 2% drop expected before the start of the year, Peterson said. "We expect Newell to grow faster than this, driven by the improved capabilities we have built over the past several years," he said.Procter & Gamble's (PG) fiscal fourth-quarter revenue fell short of market estimates on Wednesday, while the consumer goods giant said higher costs could weigh on its fiscal 2027 earnings.Price: $5.77, Change: $+0.63, Percent Change: +12.16%
Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 2.4% higher.Amazon.com (AMZN) shares were up nearly 12% after the company reported higher Q2 earnings and revenue that also topped analysts' expectations.Colgate-Palmolive (CL) stock was down 1.9% even after the company reported higher Q2 non-GAAP earnings and net sales.Newell Brands (NWL) shares were up 22% after the company posted higher Q2 normalized earnings and net sales, and raised its 2026 normalized EPS guidance.
Newell Brands' (NWL) bottom-line could face pressure in the back half of 2026 and next year amid lingering cost pressures and a weak demand environment because of the Middle East conflict, Morgan Stanley said in a note e-mailed Wednesday.The brokerage downgraded its rating on the consumer products manufacturer's stock to underweight from equal-weight and reduced its price target to $3.50 from $4.Shares of the maker of Sharpie markers were up 0.8% in afternoon trade. So far this year, the stock has lost 3.8% in value.The company's profit likely faces downside versus consensus in the back half of this year and 2027 amid cost pressures potentially above its management's outlook, as well as "greater risk" from demand pressure, with consumer sentiment deteriorating following the US-Israel war with Iran, Morgan Stanley said in a note to clients.Earlier this month, a survey by the University of Michigan showed that US consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to all-time lows."We do give (Newell's) management credit for progress in a recent internal turnaround, with productivity ramping up, improved execution, and a return to core sales growth expected in (the second quarter) for the first time since 2022," Morgan Stanley said.Earlier in May, Newell raised its 2026 sales outlook, crediting tax refunds, operational improvements, and better-than-expected consumer demand."However, (the company) is not well-suited (versus) external pressures, with limited pricing power relative to cost pressure, as well as more risk from weaker consumer spending post the Iran conflict with its more discretionary portfolio (versus) staples peers," Morgan Stanley wrote.The Iran war started at the end of February, resulting in disruptions to energy shipments at the crucial Strait of Hormuz and sending prices soaring."We also worry that (Newell) has limited pricing power to offset higher costs, with post-(first quarter) negative cost revisions for (2026) cushioned by tariff relief that offset half of the incremental cost pressure post the Iran conflict," Morgan Stanley said.Price: $3.54, Change: $-0.01, Percent Change: -0.42%
Newell Brands (NWL) faces continued cost pressures and weaker discretionary demand that could weigh on earnings versus consensus in the back half of 2026 and fiscal 2027, Morgan Stanley analysts said in a Wednesday note.The analysts said the company's semi-discretionary portfolio leaves it exposed to macroeconomic softness, particularly following recent geopolitical disruptions, while limited pricing power may constrain its ability to offset rising input costs.Morgan Stanley highlighted risks from higher oil-related costs and weakening consumer sentiment, which could pressure margins and demand.Flagging more prudent US consumer spending in the coming months as well as demand risk in NWL's international segment, which accounts for about 30% of the sales mix, the analysts warned of pressures on demand and margins.Newell Brands raised its fiscal 2026 outlook, now expecting core sales to fall 1% or rise 1% versus a prior forecast for a range of a 2% decline to flat and adjusted earnings per share of $0.56 to $0.60 versus $0.54 to $0.60 previously. For Q2, the company guided adjusted EPS of $0.16 to $0.19, below consensus expectations, the report added.Morgan Stanley downgraded its rating on the stock to underweight from equal weight and cut its price target to $3.50 from $4.00.Price: $3.51, Change: $-0.04, Percent Change: -1.13%
Newell Brands (NWL) has an average rating of hold and mean price target of $4.94, according to analysts polled by FactSet.
Newell Brands (NWL) reported a Q1 core sales beat, supporting management's confidence in a return to growth in Q2, RBC Capital Markets said Monday in a report.Stronger-than-expected category demand showed the company's revised commercial strategy is gaining traction, including a return to positive core sales growth in the learning and development division and solid gains in the baby segment, the report said. The home and commercial unit and the outdoor and recreation segment also beat internal targets, RBC said.Margins expanded despite tariff and inflation headwinds, aided by pricing and productivity improvement, while six of the top 10 brands posted point-of-sale growth and market-share gains, the report said.Rising input-cost headwinds tied to the Middle East conflict, including higher resin and diesel prices, may weigh on margins, particularly in Q2, the report said.RBC maintained a sector perform rating on Newell Brands stock with a price target of $4.Price: $4.63, Change: $+0.08, Percent Change: +1.65%
Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.6%.In sector news, Spirit Airlines failed to secure sufficient support from certain bondholders and the federal government for a $500 million lifeline, The Wall Street Journal reported. As a result, the airline is preparing to cease operations, the report said.In corporate news, Colgate-Palmolive (CL) shares rose 1.8% after the company reported Q1 results that topped analysts' expectations.The United Auto Workers union intends to hold a vote next week over whether to strike at a Stellantis (STLA) pickup truck factory in Suburban Detroit, Bloomberg reported, citing a UAW podcast. Stellantis shares were down 1.6%.Newell Brands (NWL) raised its 2026 sales outlook, crediting tax refunds, operational improvements, and better-than-expected consumer demand. Its shares jumped past 9%.Estee Lauder (EL) lifted its full-year earnings outlook on Friday as the cosmetics company said it aimed to lay off more staff than previously planned as part of an ongoing restructuring program. Its shares rose 2.4%.
Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.7%.In sector news, Spirit Airlines failed to secure sufficient support from certain bondholders and the federal government for a $500 million lifeline, The Wall Street Journal reported. As a result, the airline is preparing to cease operations, the report said.In corporate news, Estee Lauder (EL) lifted its full-year earnings outlook on Friday as the cosmetics company said it aimed to lay off more staff than previously planned as part of an ongoing restructuring program. Its shares rose 3.2%.Newell Brands (NWL) raised its 2026 sales outlook, crediting tax refunds, operational improvements, and better-than-expected consumer demand. Its shares jumped past 9%.Harley-Davidson (HOG) is recalling about 88,039 motorcycles in the US due to a defect involving the airbox backplate breather port, Reuters reported Friday, citing a statement from the National Highway Traffic Safety Administration. The company's shares were up 1.9%.
Newell Brands (NWL) raised its 2026 sales outlook, crediting tax refunds, operational improvements, and better-than-expected consumer demand.The company now expects full-year net sales to range from flat to up 2%, compared with its prior view of down 1% to up 1%. Analysts surveyed by FactSet expect $7.23 billion.Newell also lifted the lower end of its 2026 earnings guidance to $0.56 from $0.54, keeping the upper end at $0.60. Analysts expect $0.56."We believe tariff help will offset about 50% of the previously mentioned incremental commodity hurt, with the remainder being offset by higher levels of productivity savings and targeted price and promotion adjustments where necessary," CEO Christopher Peterson said the earnings call, according to a FactSet transcript.Newell shares rose 9.4% in Friday trading and have gained 20% this year.The company said tax refunds are effectively neutralizing the pressure from rising fuel and energy prices."Tax refunds, much of which came into the market in March and April, do appear to be offsetting the consumer impact from gas and energy," Peterson said.First-quarter revenue fell to $1.55 billion from $1.57 billion a year earlier, beating Wall Street's estimate of $1.51 billion. The loss widened to $0.05 per share from $0.01, compared with the consensus for a $0.09 loss.Consumer spending in key categories outperformed the company's expectations, and growth among higher-income shoppers helped offset softness in lower-income segments, Peterson said."We experienced better-than-expected consumer demand for our products driven by improving point-of-sale and market share trends," he said.Price: $4.47, Change: $+0.39, Percent Change: +9.44%
The benchmark US stock measures were mostly pointing higher before the open Friday as investors await the week's final round of corporate earnings and track ongoing Middle East tensions, with no apparent signs of progress toward a peace deal between Washington and Tehran.The S&P 500 rose 0.1% and the Dow Jones Industrial Average added 0.2% in premarket activity, while the Nasdaq was off 0.1%. The indexes finished Thursday's trading session in the green, with the S&P 500 and Nasdaq logging new closing highs.Oil giants Exxon Mobil (XOM) and Chevron (CVX) are scheduled to release their latest quarterly results before the bell, along with Colgate-Palmolive (CL), Estee Lauder (EL), Moderna (MRNA), Magna International (MGA) and Newell Brands (NWL).Shares of Apple (AAPL) advanced 2.8% pre-bell as the iPhone maker's fiscal second-quarter results topped market estimates. Reddit (RDDT) climbed 16% after the social media platform recorded better-than-expected first-quarter results and issued an upbeat revenue outlook for the ongoing three-month period at the midpoint. Nvidia (NVDA) rebounded 0.4% following a 4.6% decline at the close of Thursday.President Donald Trump told reporters at the White House on Thursday that the US will maintain its naval blockade of Iranian ports, according to Bloomberg News. "Their economy is crashing, the blockade is incredible," Trump reportedly said. "So we'll see how long they hold out."Iran's new supreme leader, Mojtaba Khamenei, reportedly said Thursday that Iran will defend its nuclear and missile capabilities.West Texas Intermediate crude oil inclined 0.3% to $105.43 a barrel before the opening bell, while Brent increased 0.9% to $111.37.US economic growth fell short of Wall Street's expectations in the first quarter as spending slowed amid inflationary pressures, government data showed Thursday.Separate official data showed that inflation, as measured by the personal consumption expenditure price index, accelerated in March to the fastest pace since mid-2022 as the Middle East conflict sent energy prices soaring.Treasury yields were down in premarket action, with the two-year rate nudging 0.1 basis point lower to 3.88% and the 10-year rate decreasing 0.8 basis point to 4.38%.Friday's economic calendar has the final Purchasing Managers' manufacturing index for April at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am. The weekly Baker Hughes oil-and-gas rig count posts at 1 pm.Gold fell 1.1% to $4,578 per troy ounce, while bitcoin rose 1.1% to $77,248.
Newell Brands (NWL) could see Q1 as the low point of the year, with sales expected to improve from Q2, but consumer weakness, higher input costs, and Middle East risks keep the near-term outlook unclear, RBC Capital Markets said in a note Wednesday.Q1 results should be close to company guidance and market estimates because the quarter's pressure is already well understood, but the investment firm said it expects management to keep full-year guidance unchanged, while signaling that demand should improve as shelf resets, new products, and distribution gains help later quarters.RBC said small appliances and general merchandise remain under pressure, while younger consumers and value-focused shoppers appear more sensitive to the economy, as tracked channel sales are down about 2%, with pricing becoming less negative but volumes weakening from the previous period.Higher commodity, transport, and sourcing costs from Middle East disruptions could pressure margins, though Newell's supply chain improvements and savings efforts may soften some of the impact, according to the note.RBC kept the company's sector perform rating and $4 price target.Price: $3.90, Change: $-0.11, Percent Change: -2.74%
