Tuesday, September 15, 2015

Spectrum Brand Holdings (SPB) September 15th

Spectrum Brand Holdings (SPB) began the month of September trading at $95.99 as the volatile market of late August did affect the stock negatively. A more stable market in September provided for a steady recovery of the stock which now sits at $97.31. A minor catalyst for the stock is occurring in Texas as the state has experienced extreme flood waters. Nuisance insect numbers typically spike in the aftermath of flooding. This will positively impact SPB’s insecticide business segment, hopefully enough to mitigate market headwinds. With no other news indicating otherwise, SPB remains on track to meet company guidance given during its last earnings call on August 5th. 

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