Newell Brands (NWL) Gets 10.3% Boost from Adobe Partnership

Newell Brands Inc. (NASDAQ:NWL) is one of the 10 Stocks Post Jaw-Dropping Gains.

Newell Brands snapped a three-day losing streak on Monday, jumping 10.31 percent to close at $5.78 apiece as investors cheered its partnership with Adobe for the integration of artificial intelligence into its operations.

In a statement late last week, Newell Brands Inc. (NASDAQ:NWL) said that it adopted Adobe’s generative AI—Adobe Firefly Services, Firefly Custom Models, and Adobe Express—to scale its e-commerce and digital marketing operations.

Initial findings showed that content production for Paper Mate packaging accelerated by 75 percent while time to create social assets for its Oster products reduced by 33 percent with Adobe Express, according to Newell Brands Inc. (NASDAQ:NWL).

In other news, Newell Brands Inc. (NASDAQ:NWL) earned a more bullish rating from JPMorgan, assigning the company with an “overweight” rating, an upgrade from “neutral” previously, citing business improvement.

For its part, UBS maintained a “neutral” stance with a price target of $5, citing uncertainties on category growth which could limit the pace and magnitude of a potential top line recovery.

While we acknowledge the potential of NWL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.