Jim Cramer: Newell Is the New Housing Play

Newell Brands had a remarkable quarter and can now be considered the 'new housing play,' says Jim Cramer.
By Jim Cramer ,

Newell Brands (NWL) - Get Report had a remarkable quarter and can now be considered the 'new housing play', says TheStreet's Jim Cramer. The Atlanta-based parent company to brands such as Sharpie, Rubbermaid and Calphalon posted adjusted Q2 earnings of $0.78 a share, beating analysts' estimates of $0.72 a share. Revenue climbed 147.2 percent year-over-year to $3.86 billion from $1.56 billion, which was higher than Wall Street's expected $3.76 billion. The massive year-over-year climb in revenue is largely attributable to the acquired Jarden business.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.

Loading ...