Newell Brands had a remarkable quarter and can now be considered the ‘new housing play’, said TheStreet’s Jim Cramer. The Atlanta-based parent company to brands such as Sharpie, Rubbermaid and Calphalon posted adjusted Q2 earnings of 78 cents per share, beating analysts’ estimates of 72 cents per share. Revenue climbed 147.2% 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.
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