We recently compiled a list of the 10 Stocks Firm Up Amid Cautious Trading. In this article, we are going to take a look at where Newell Brands Inc. (NASDAQ:NWL) stands against the other stocks.
Wall Street extended its lackluster performance on Tuesday, with two major indices finishing with only slight changes amid a series of key factors keeping investor sentiment neutral.
Only the Dow Jones finished in the green territory, posting a 0.37 percent gain. In contrast, the S&P decreased by 0.47 percent while the tech-heavy Nasdaq fell by 1.37 percent.
During the last trading session, ten companies defied a generally cautious market, albeit posting only modest gains. In this article, we have detailed the reasons behind their stronger performance.
To come up with Tuesday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A technician inspecting a commercial kitchen appliance in a factory line.
Newell Brands Inc. (NASDAQ:NWL) saw its share prices rise by 4.96 percent on Tuesday to end at $6.77 apiece as investors bought up shares ahead of the record date for its dividend payout.
Newell Brands Inc. (NASDAQ:NWL) is set to pay its shareholders with a $0.07 dividend for every share as of the record date, February 28, or this coming Friday. The dividends are payable on March 14, 2025.
In recent news, Newell Brands Inc. (NASDAQ:NWL) reported dismal earnings performance last year, with net sales for the last quarter dropping by 8.4 percent to $1.9 billion from $2.076 billion in the same period last year, while net sales for the full year 2024 declined to $7.5 billion from the $8.13 billion in 2023.
NWL was able to narrow its net loss by 37 percent to $54 million from $86 million during the quarter as well as for the full year—by 44.3 percent at $216 million from $388 million.
Furthermore, Newell Brands Inc. (NASDAQ:NWL) expected even lower net sales for the full year 2025, declining between 2 to 4 percent.
Overall NWL ranks 8th on our list of Tuesday’s top gainers. While we acknowledge the potential of NWL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NWL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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