5 Best Stocks to Buy According to Billionaire Carl Icahn

3. Newell Brands Inc. (NASDAQ: NWL)

Icahn’s Stake Value: $1,170,410,000
Percent of Carl Icahn’s 13F Portfolio: 4.9%
Number of Hedge Fund Holders: 24

Newell Brands Inc. (NASDAQ: NWL) is involved in the designing, manufacturing, sourcing, and distribution of consumer and commercial products around the world. The company’s shares rose by 1% after the consumer goods company announced a first quarter profit and raised its guidance for the year. Newell Brands Inc. (NASDAQ: NWL) announced a net income of $89 million or $0.21 per share in Q1 of 2021 compared to a loss of $1.28 billion or $3.02 in 2020. Sales were also up from $1.89 billion in 2020 to $2.07 billion in 2021.

The company announced a quarterly cash dividend of $0.23 per share which is payable on June 15 2021 to common stockholders of the company. Newell Brands Inc. (NASDAQ: NWL) also raised its 2021 full year sales outlook to $9.9 – $10.1 billion.