JUMP REPORT
MATTEL (MAT)
EARNINGS RELEASE - JULY 23 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.16/share REV: 3,230/M
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LAST QTR: EPS: 1.73/share ACTUAL: 1.83/share (BEAT)
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NEXT QTR: EPS: 1.70/share REV: 3,950/M
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FULL YR: EPS: 6.62/Share REV: 15,68/M
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BEAT/MISS RECORD: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -11.61, -5.55, 25.18
EXPECTED JUMP MOVE THIS QUARTER: 8-12%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading
Links To Latest News and Headlines
Big retailers confirm that price hikes caused by the Trump tariffs are coming this summer.
President Donald Trump has doubled down on his aggressive tariff stance, taking aim at toy giant Mattel Inc. (NASDAQ:MAT) as part of his ongoing trade dispute with China. Trump’s Tariff Threat In remarks from the Oval Office on Thursday, Trump seemed to mistake the company for a country, saying, “Mattel, I don’t know, I’m not so sure, they also said, they’re the only country I’ve heard they said, ‘Well, we’re going to go counter, we’re going to try going someplace else,’ that’s okay.” Trump floa
NEW YORK (Reuters) -Barington Capital Group, which lost a high-profile board fight at Matthews International this year, increased its holding in the casket maker but also liquidated its bet on toymaker Mattel where it was also pushing for changes, a new filing shows. The so-called 13-F filing shows that Barington, which fought for three seats on the Matthews’ board, increased the size of its investment by roughly 40% to 798,617 shares during the first three months of the year. Barington criticized the company’s underperformance and pressed it to replace its chief executive and consider some divestments, but it lost the proxy fight in late February when investors re-elected all of management’s candidates.
News of progress in U.S.-China trade talks helped the stocks of apparel and consumer goods companies that source from China. Shares of apparel and consumer goods companies with significant exposure to China, such as PVH Corp. (NYSE: PVH), Revolve Group (NYSE: RVLV), and Mattel (NASDAQ: MAT), rallied hard this week, increasing 14.1%, 15.5%, and 16.5%, respectively, as of 12:30 p.m. ET Thursday, according to data from S&P Global Market Intelligence. The U.S. and China held talks last weekend and on Monday announced that they would be removing retaliatory tariffs announced last month for 90 days while trade talks continue.
Tariffs on imports from China have been cut from 145% to 30% for the next 90 days, which reduces a major headwind for importers. The market was on fire early on Monday after President Donald Trump announced the reduction of tariffs on Chinese imports from the self-imposed 145% to 30%, for at least the next 90 days. Mattel (NASDAQ: MAT) was a big winner, rising 11.1% at its peak and holding a 10.2% gain at 3:45 p.m. ET after being in the president’s crosshairs.
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| Avg Daily Volume: 4,404,473 Market Cap: 3.51B Sector: Consumer Goods Short Interest: 16.23 |
Ticker delayed 20 minutes
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