JPMorgan upgrades Newell Brands to overweight thanks to tariff-hedging abilities
Newell Brands ' tariff-hedging advantages gives it a leg up over its peers, according to JPMorgan. The bank upgraded shares of the consumer and commercial goods manufacturer to an overweight rating from neutral. Simultaneously, analyst Andrea Teixeira raised her price target to $7 per share from $6. Newell, which owns brands such as Rubbermaid, Paper Mate, Sharpie, Elmer's, Yankee Candle and Crock-Pot, has stumbled 45% so far this year. However, Teixeira's revised forecast implies an upside of 29% from the stock's Thursday closing price of $5.43. NWL YTD mountain NWL YTD chart One reason for the upgrade comes from a recent meeting with several members of Newell's senior management. "We came away more confident that NWL is finally on the right track to deliver on the turnaround with a more focused portfolio, efficient systems and logistics that should set NWL as a winner in its categories, in particular as the company is a tariff beneficiary with most of its manufacturing in the U.S. vs. abroad for most competitors, including private label," Teixeira wrote. As additional catalysts, the analyst pointed to Newell's increased speed of recent innovation, alongside its distribution gains in key retailers. She added that Newell is also in a good position to hedge tariff risks, and could even gain more market share since most of its peer companies source from abroad. "We think NWL is tariff advantaged with its 15 U.S. plants and two U.S. MCA-compliant plants in Mexico, and is likely to benefit as the company secures more retailer wins in its 19 tariff-advantaged categories, which in turn would aid the top line and in turn gain market share," she wrote. "As it relates to tariff risk for NWL, majority of 15% China sourcing is due to baby gear but this is an industry-wide issue and was exempt under Section 301 during Trump 1.0." Additional tailwinds for Newell Brands include financial deleverage and continuing margin improvement.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Morning Movers: Meta Platforms dips following big investment in Scale AI
Stock market futures are pointing to a lower open after Israel carried out airstrikes on Iran's nuclear program sites in a major escalation of tensions in the Middle East. The dollar has rallied, as investors rush back into the currency in their search for safe-haven assets, including gold, on rising Middle East tensions. Oil prices jumped to near multi-month highs on worries about disrupted crude supplies. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In pre-market trading, S&P 500 futures fell 0.91%, Nasdaq futures fell 1.2% and Dow futures fell 0.97%. Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER – Newell Brands (NWL) up 3% after JPMorgan upgraded the stock to Overweight with a price target of $7, up from $6 UP AFTER EARNINGS – MoneyHero (MNY) up 7% RH (RH) up 20% Zedge (ZDGE) up 2% LOWER – Visa (V), MasterCard (MA) and American Express (AXP) down 2%, 1% and 2%, respectively, after The Wall Street Journal reported that Walmart (WMT), Amazon (AMZN), and other multinational companies have explored whether to issue their own stablecoins in the U.S. to get around traditional payment restrictions and offer the possibility for a quicker process Meta Platforms (META) down 1% after Scale AI announced a significant new investment from Meta that values Scale at over $29B Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on NWL: Disclaimer & DisclosureReport an Issue Newell Brands upgraded to Overweight from Neutral at JPMorgan Positive Outlook for Newell Brands: Strategic Initiatives and International Expansion Drive Buy Rating Newell Brands Stockholders Approve Key Proposals at Meeting Newell Brands Announces $1.25B Senior Notes Offering Newell Brands price target lowered to $5.80 from $8.50 at Morgan Stanley Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19 hours ago
- Business Wire
Abstractive Health Launches Clinical Time Machine, the First AI Game Built on Real Historical Patient Records
NEW YORK--(BUSINESS WIRE)--Abstractive Health has launched Clinical Time Machine, an AI-driven simulation that immerses physicians in diagnostic cases using real historical medical charts. Built on the same HIPAA-compliant platform that powers live summarization of electronic health records (EHRs) in hospital settings, the simulation lets clinicians explore rare, complex cases from hundreds of years ago without patient risk. Abstractive Health's broader goal is to bring clinicians into meaningful, hands-on engagement with AI. Share CEO Vince Hartman calls it 'a Microsoft Flight Simulator for medicine,' enabling diagnostic training on authentic data with no need for EHR integration. 'Three years after ChatGPT, fewer than 1% of physicians have ever seen an AI full medical record summary,' he says. 'We're changing that.' Each case begins with an AI-generated summary distilled from original, centuries-old handwritten documents. Clinicians explore the structured chart, from history of present illness to labs and vitals, and receive simulated updates based on actual clinical observations. 'It's not a quiz. It's about engaging clinical reasoning in a sandbox where doctors can make decisions and learn from them,' Hartman explains. The simulation is built on Abstractive Health's existing summarization and retrieval-augmented generation (RAG) and agentic AI platform. Leveraging advanced OCR and a robust AI summarization pipeline, it can also process handwritten records and turn scribbled notes into readable clinical narratives. The summarization technology is currently being piloted at Weill Cornell Medicine in a research collaboration to assist with writing Emergency Medicine handoff notes. Abstractive Health is also preparing to roll out the experience to Canadian outpatient clinics through a partnership with Canada's WELL Health Technologies that followed an investment and distribution deal inked last year. Abstractive Health's broader goal is to bring clinicians into meaningful, hands-on engagement with AI. 'We're not just saving time - we're helping doctors think better,' Hartman says. 'This is about curiosity, growth, and elevating clinical skill.' Clinical Time Machine is available now through Abstractive's platform for free. About Abstractive Health Abstractive Health retrieves medical records, generates trusted AI summaries, and answers complex clinical questions. Its platform is used by clinicians nationwide and is currently in pilots with Well Health and Weill Cornell Medicine. A top 3 company in the 2024 VA AI Tech Sprint, Abstractive is backed by the NSF and has been featured by Forbes 30 Under 30.
Axios
a day ago
- Axios
Shale boom helped shape Trump foreign and trade policy, essay says
Don't sleep on the shale boom as a force behind Trump 2.0's "disruptive" foreign and trade policies, a new essay argues. Why it matters: The provocative Foreign Affairs piece calls the U.S. oil and gas export surge an "overlooked" driver of America's posture on the global stage that's "mostly unrelated to [President] Trump's particular preferences." These huge shipments abroad are a relatively recent thing that followed many years of growing imports. The big picture:"Since then, the country has begun to behave less like a liberal hegemon and more like a classic petrostate," write UCLA political scientist Michael Ross and Georgetown geopolitics and justice professor Erik Voeten. When oil imports were much larger and rising, the U.S. "aligned with other energy-consuming countries in securing maritime trade routes, stabilizing markets, and supporting international institutions." "Now, like other top oil exporters, such as Russia and Saudi Arabia, the United States has lost its long-term interest in international cooperation and has become more willing to use the leverage gained by its production capacity to secure short-term concessions," they write. The intrigue: Ross and Voeten are not making some kind of monocausal argument about what enabled MAGA's rise. They characterize Trump's trade wars, withdrawal from treaties and his "contempt" for traditional allies as rooted in his worldview and populist leanings. But they do fear that the relatively recent revival of America's petro-might is enabling the U.S. to seek near-term gains over long-term alliances. State of play: It's not just a Trump thing, the essay states. It traces declining U.S. support for free trade to the shale boom that really took flight in the mid-2010s. They note former President Obama refused to appoint appellate judges to the WTO, "effectively crippling the body's dispute-resolution mechanism." They also point out former President Biden kept many Trump 1.0 tariffs in place and "adopted new protectionist industrial policies and export sanctions." "The erosion of U.S. support for multilateral trade cooperation coincided with the shale boom," it states. Zoom out: Whether they're on target or out to lunch, Ross and Voeten aren't the first analysts to start considering how the U.S. petro-boom is fundamentally changing the country's place on the world stage. Scholars with Columbia's energy think tank recently published a piece announcing the arrival of a "new form of energy bipolarity." The dividing line is between petro-states (notably the U.S., Russia and Saudi Arabia) and electro-states led by China and the EU that are racing ahead on renewables, EVs and grid tech.
