Mattel (MAT) Lower in Sympathy after Hasbro (HAS) Cuts FY22 Forecast
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/24/2024
- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Forward Air (FWRD) Appoints Shawn Stewart as CEO
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
Hasbro (HAS) Not Immune to Macroeconomic Pressures Says Analyst
October 5, 2022 1:11 PM EDTHasbro (NASDAQ: HAS) shares are down over 2% Wednesday, a day after the company hosted its Investor Day, where it reportedly introduced its "Brand Blueprint 2.0."
In a note to clients following the event, BofA analyst Jason Haas said, "toys aren't immune to macroeconomic pressures."
"Hasbro cut its 2022 ex. FX revenue guidance from up low single digits to... More
