5 Best NASDAQ Stocks Under $5 to Buy Right Now

2. Newell Brands Inc. (NASDAQ:NWL)

Number of Hedge Fund Holders: 40

Newell Brands Inc. (NASDAQ:NWL) is one of the best NASDAQ stocks under $5 to buy right now. On May 1, Newell Brands reported Q1 2026 net sales of $1.5 billion, a slight 1.1% decline compared to the prior year period, with core sales dropping 3.5%. Despite a challenging macroeconomic backdrop, results exceeded internal expectations across all segments due to resilient consumer demand, increased product promotion, and improved deduction management. Operating margin expanded to 2.2% as productivity and pricing actions countered inflation, narrowing the GAAP net loss to $33 million, or $0.08 per share.

Segment performance was mixed, led by Learning & Development, which grew net sales by 3.8% to $594 million and expanded its normalized operating margin to 18.9%. Conversely, Home & Commercial Solutions sales fell 3.9% to $780 million, and Outdoor & Recreation sales dropped 3.8% to $175 million. Balance sheet health remained steady with $201 million in cash against $5.0 billion in total debt, while year-to-date operating cash outflow ticked up to $233 million due to elevated inventory levels.

Following the first-quarter over-delivery, management raised its full-year 2026 financial guidance. Full-year net sales are now projected between flat and 2% growth, with core sales expected at a range of negative 1% to positive 1% and normalized EPS adjusted upward to $0.56 to $0.60. Fueled by improving point-of-sale and market share trends, Newell Brands Inc. (NASDAQ:NWL) anticipates a definitive return to top-line growth in Q2.

Newell Brands Inc. (NASDAQ:NWL) is an American consumer goods company with a strong portfolio of brands such as Rubbermaid, Sharpie, Graco, Coleman, and more.