Is Newell Brands a Good Investment?

PHOTO CREDIT: Newell Brands

OVERVIEW

Newell Brands Incorporation is a company based in the United States. The company designs, manufactures, and distributes various products around the world. The company sells everything from camping equipment to office supplies and kitchen utensils. The company operates under several brands, including Coleman, Rubbermaid, EXPO, Sharpie, and Crock-Pot. The company was founded in 1903.

Why You Should?

  1. Newell Brands is a great reopening play. Though they have seen great sales during this pandemic, they can continue to see better numbers in a post-covid future. For example, they can report higher sales of office and school supplies, something which has not happened in 2020 due to the closure of these sites. This will benefit the company and its investors.
PHOTO CREDIT: Yahoo Finance

Why You Should Not?

  1. Newell faces tough competition from many other brands and companies. Some of these companies include Clorox, Johnson & Johnson, Procter and Gamble, Tupperware, and many others. Many other stores, like Costco’s Kirkland Signature, have their own products which also compete with Newell. This might hurt the company and investors in the future.

MY OPINION

In my opinion, I think that Newell Brands is a decent long-term investment due to its position as a good reopening play, hopes for more COVID stimulus, impacts from the COVID-19 pandemic, a wide range of products, and rising revenues and profits. However, tough competition and impacts from this pandemic have also hurt the company.