1617 ET - The selloff that knocked 26% off Newell Brands' market value--sparked by weaker-than-expected 2025 guidance--is a huge overreaction, Canaccord Genuity analyst Brian McNamara says in a research note. The company may have spooked the market with the word "preliminary" with its outlook, when it was simply acknowledging that tariffs are fluid and uncertain, the analyst says. Newell may have been unfairly grouped into stocks that face risks from President Trump's tariffs, but its China-sourcing exposure is 15%, and lower if you exclude its baby business, he says. In fact, Newell has an advantage over its competitors, with more than half of its manufacturing being domestic, he says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 07, 2025 16:17 ET (21:17 GMT)
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