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A Potential Breakout is in the Charts for Newell Brands (NWL) | The Mesh Report

A Potential Breakout is in the Charts for Newell Brands (NWL)

Christian Tharp, CMT January 6, 2021 Comments Off on A Potential Breakout is in the Charts for Newell Brands (NWL)

Newell Brands Inc (NWL) is an American global consumer goods company. It sells products in the following segments, Appliances and Cookware, Food and Commercial, Home and Outdoor Living and Learning and Development.

The company has performed well during the pandemic. NWL is seeing strong growth across business segments through its e-commerce platform. In its most recent financial results, management was expecting a strong fourth quarter and full fiscal 2020.

As of the end of the last quarter, the company had $4.7 billion in cash, up from the preceding quarter, but lower than its $6.3 billion in long-term debt. Though, the company has a current ratio of 1.5, indicating healthy short-term liquidity.

Earnings are expected to be up 11.9% for the current quarter and 33.3% next year. The stock appears undervalued with a forward P/E of 12.35. NWL has shown strong near and long-term momentum, leading to a “Strong Buy” rating in our POWR Ratings service.

Take a look at the 1-year chart of NWL below with added notations…

See chart and continue reading at STOCKNEWS.com



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