The S&P 500’s top losers on January 25 were:
Newell Brands, which is an American worldwide marketer of consumer and commercial products, was the S&P 500’s top loser on January 25. After pulling back last week, Newell Brands started this week on a stronger note but lost strength as the week progressed.
On January 25, Newell Brands opened the day lower and fell to the lowest levels traded since March 2013. The selling pressure in Newell Brands increased on Thursday after management’s comments about sales expectations in 2017 and the outlook in 2018. Management expects the sales growth in 2017 to be ~0.8%, which is less than the previous guidance of 1.5%–2%. Management expects the EPS (earnings per share) in 2017 to be $2.72–$2.76, which is less than the previous EPS guidance of $2.80–$2.85.
Regarding the outlook in 2018, Newell Brands expects the EPS to be $2.65–$2.85. It’s less than analysts’ expected EPS of $2.94 in 2018. On Thursday, Newell Brands declined 20.6% and closed the day at $24.81. Newell Brands is part of the S&P 500 consumer discretionary sector, which fell 0.14% on Thursday.
Next, we’ll discuss how Range Resources performed on January 25.