Hasbro, Inc., together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparel. Its toys and games include action figures, arts and crafts and creative play products, dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparel, publishing products, home goods and electronics, and toy products. The Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading cards, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games. The Entertainment segment engages in the development, production, and sale of entertainment content, including film, television, children's programming, digital content, and live entertainment. The company sells its products to retailers, distributors, wholesalers, discount stores, specialty hobby stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as e-commerce retailers; and directly to customers through its e-commerce websites under the MAGIC: THE GATHERING, Hasbro Gaming, PLAY-DOH, NERF, TRANSFORMERS, DUNGEONS & DRAGONS, PEPPA PIG, and other brand names. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island.

Hasbro, Inc.

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Hasbro (HAS), which belongs to the Zacks Toys - Games - Hobbies industry, could be a great candidate to consider.
This toy maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 38.14%.
For the last reported quarter, Hasbro came out with earnings of $1.04 per share versus the Zacks Consensus Estimate of $0.67 per share, representing a surprise of 55.22%. For the previous quarter, the company was expected to post earnings of $0.38 per share and it actually produced earnings of $0.46 per share, delivering a surprise of 21.05%.
Price and EPS Surprise
For Hasbro, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Hasbro currently has an Earnings ESP of +0.78%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 23, 2025.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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Can Hasbro (HAS) Keep the Earnings Surprise Streak Alive?

Hasbro, Inc. HAS is scheduled to report second-quarter fiscal 2025 results on July 23, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 55.2%.
How Are Estimates Placed?
The Zacks Consensus Estimate for earnings is pegged at 78 cents per share, indicating a decline of 36.1% from the $1.22 reported a year ago. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
For revenues, the consensus estimate is pegged at $873 million, implying a decline of 12.3% from the prior-year quarter’s reported figure.
Let us delve deeper.
Factors to Note Ahead of HAS’ Q2 Results
Hasbro’s fiscal second-quarter top line is likely to have been weighed down by a combination of macroeconomic uncertainty and tariff-related disruptions, particularly within its Consumer Products segment. While demand remained stable for brands like MAGIC and Monopoly Go!, Hasbro anticipates a slowdown in direct import activity, which might have dampened revenue growth in the quarter. Additionally, ongoing SKU rationalization and strategic portfolio trimming are likely to have constrained top-line upside.
Our model predicts total Consumer Products revenues to decline 23.6% year over year to $400.9 million. On the other hand, total Wizards of the Coast & Digital Gaming and Entertainment revenues are likely to increase 2.1% and 1%, respectively, year over year to $461.4 million and $19 million.
Hasbro has been witnessing strong gaming demand. The company boasts a comprehensive gaming portfolio and is refining gaming experiences across multiple platforms, including face-to-face gaming, tabletop gaming and digital gaming on mobile.
On the bottom line, Hasbro has faced mounting margin pressure from rising input costs tied to tariff exposure and supply-chain shifts. The company expects an estimated gross impact of $100 million to $300 million for the year from tariffs, with $60 million to $180 million potentially hitting net profits even after mitigation efforts. To offset these pressures, Hasbro has accelerated cost-saving initiatives and optimized sourcing, but near-term expenses related to logistics, manufacturing diversification and royalty increases in its Wizards segment are likely to have compressed operating margins in second-quarter 2025.
Hasbro, Inc. Price and EPS Surprise
What the Zacks Model Unveils for HAS
Our proven model does not conclusively predict an earnings beat for Hasbro this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Hasbro currently has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks Poised to Beat Earnings
Here are some stocks from the Zacks Consumer-Discretionary space that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat.
MGM Resorts International MGM has an Earnings ESP of +2.45% and a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
For the to-be-reported quarter, MGM Resorts’ earnings are expected to register a 36.1% decline. MGM Resorts’ earnings beat the consensus estimates in three of the trailing four quarters and missed on one occasion, the average surprise being 25.5%.
Boyd Gaming Corporation BYD currently has an Earnings ESP of +0.81% and a Zacks Rank of 3.
For the to-be-reported quarter, Boyd Gaming’s earnings are expected to increase 5.1%. Boyd Gaming’s earnings beat the consensus estimates in each of the trailing four quarters, the average surprise being 8%.
PENN Entertainment, Inc. PENN presently has an Earnings ESP of +26.91% and a Zacks Rank of 3.
For the to-be-reported quarter, PENN Entertainment’s earnings are expected to increase 61.1%. PENN Entertainment’s earnings beat estimates in three of the trailing four quarters and missed on one occasion, the average surprise being 13.5%.
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HAS Q2 Earnings on Deck: Will Consumer Product Drag Its Results?

The upcoming report from Hasbro (HAS) is expected to reveal quarterly earnings of $0.76 per share, indicating a decline of 37.7% compared to the year-ago period. Analysts forecast revenues of $872.98 million, representing a decline of 12.3% year over year.
Over the last 30 days, there has been an upward revision of 1.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Hasbro metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'External Net Revenues- Entertainment' should come in at $19.18 million. The estimate suggests a change of +2% year over year.
Based on the collective assessment of analysts, 'External Net Revenues- Consumer Products' should arrive at $413.93 million. The estimate indicates a change of -21.1% from the prior-year quarter.
The average prediction of analysts places 'External Net Revenues- Wizards of the Coast and Digital Gaming' at $459.57 million. The estimate indicates a change of +1.7% from the prior-year quarter.
The consensus estimate for 'Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming' stands at $337.95 million. The estimate points to a change of +9.9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming' of $124.14 million. The estimate indicates a change of -14% from the prior-year quarter.
Analysts' assessment points toward 'Operating profit (loss)- Wizards of the Coast and Digital Gaming' reaching $185.99 million. The estimate is in contrast to the year-ago figure of $247.10 million.
View all Key Company Metrics for Hasbro here>>>
Over the past month, shares of Hasbro have returned +13.6% versus the Zacks S&P 500 composite's +5.4% change. Currently, HAS carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for Hasbro (HAS) Q2 Earnings, Beyond Revenue and EPS

Next week is relatively quiet in terms of economic data, with earnings season taking center stage. However, traders will still be eyeing the S&P flash U.S. services and manufacturing purchasing managers' indexes (PMI) for June.
The earnings docket is packed full, with reports coming from Alphabet (GOOGL), American Airlines (AAL), AT&T (T), Cal-Maine Foods (CALM), Chipotle Mexican Grill (CMG), Coca-Cola (KO), Domino's Pizza (DPZ), Dow (DOW), Hasbro (HAS), Honeywell (HON), IBM (IBM), Intel (INTC), Keurig Dr Pepper (KDP), Lockheed Martin (LMT), RTX (RTX), Tesla (TSLA), T-Mobile (TMUS), and Verizon Communications (VZ), to name a few.
Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.
Monday, July 21 will bring U.S. leading economic indicators.
There is no economic data scheduled due out on Tuesday, July 12.
Existing home sales are slated for Wednesday, July 23.
Thursday, July 24 features the usual weekly jobless claims data, in addition to the S&P flash U.S. services and manufacturing PMIs. New home sales are also on tap.
Investors will be eyeing durable-goods orders on Friday, July 25.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Manufacturing, Services Data on Tap as Earnings Pick Up

Hasbro (HAS) closed at $75.37 in the latest trading session, marking a -2.24% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.22%.
Coming into today, shares of the toy maker had gained 10.94% in the past month. In that same time, the Consumer Discretionary sector gained 4.98%, while the S&P 500 gained 4.07%.
Market participants will be closely following the financial results of Hasbro in its upcoming release. The company plans to announce its earnings on July 23, 2025. It is anticipated that the company will report an EPS of $0.76, marking a 37.7% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $872.3 million, indicating a 12.36% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.22 per share and revenue of $4.19 billion, which would represent changes of +5.24% and +1.41%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Hasbro. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.14% lower. Hasbro presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Hasbro is presently trading at a Forward P/E ratio of 18.28. This denotes a premium relative to the industry average Forward P/E of 12.69.
We can additionally observe that HAS currently boasts a PEG ratio of 2.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Toys - Games - Hobbies industry had an average PEG ratio of 2.12.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 237, putting it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Here's Why Hasbro (HAS) Fell More Than Broader Market

The S&P 500 Index ($SPX) (SPY) Tuesday closed down -0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.89%. September E-mini S&P futures (ESU25) are down -0.12%, and September E-mini Nasdaq futures (NQU25) are down -0.91%.
Stock indexes on Tuesday settled mixed, with the Dow Jones Industrials posting a 4-1/2 month high. The S&P 500 and Nasdaq 100 moved lower Tuesday and consolidated below Monday’s all-time highs. Tesla closed down more than -5% to lead technology stocks lower and weigh on the overall market after President Trump threatened to withdraw subsidies from Elon Musk’s companies in response to Musk’s criticism of the Republican reconciliation bill. The markets are also monitoring progress on trade talks ahead of President Trump’s July 9 deadline, as well as congressional wrangling over the passage of President Trump’s tax and spending bill.
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The Senate passed the Republican reconciliation bill on Tuesday by a 51-50 vote. The bill now goes to the House, where it will be voted on sometime this week. Speaker Johnson said the House “will work quickly” to pass the bill by July 4. The reconciliation bill has the debt ceiling hike that is necessary to avert a Treasury default when the Treasury runs out of borrowing authority sometime between mid-August and late September. The dollar index fell to a 3-1/3 year low Tuesday as the nonpartisan Congressional Budget Office estimates that the bill would add nearly $3.3 trillion to US budget deficits over the next decade.
Stocks remained lower Tuesday after the better-than-expected US ISM and JOLTS reports pushed bond yields higher and dampened expectations of imminent Fed rate cuts. Also, Fed Chair Powell reiterated his wait-and-see stance on interest rates as he expects tariffs to show up in inflation data over the coming months.
The US June ISM manufacturing index rose +0.5 to 49.0, stronger than expectations of 48.8. Also, the June ISM prices paid sub-index rose +0.3 to 69.7, stronger than expectations of 69.5.
US May JOLTS job openings unexpectedly rose +374,000 to a 6-month high of 7.769 million, showing a stronger labor market than expectations of a decline to 7.300 million.
Fed Chair Powell said he expects the impacts of tariffs to show up in inflation data over the coming months, but the impact could be “higher or lower, or later or sooner than we expected.”
Better-than-expected manufacturing news from China is supportive of global economic growth prospects. The China June Caixin manufacturing PMI rose +2.1 to 50.4, stronger than expectations of 49.3.
On the negative side for stocks is the upcoming earnings season, which begins next week. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of +2.8% year-over-year, the smallest increase in two years. Also, only six of the 11 S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
During this holiday-shortened week, the markets will look for additional trade and tariff news along with progress in the passage of President Trump’s tax bill. On Wednesday, the June ADP employment change is expected to rise by +90,000. On Thursday, Jun nonfarm payrolls are expected to climb by +113,000, and the June employment rate is expected to tick up +0.1 to 4.3%. Also, June average hourly earnings are expected to rise +0.3% m/m and +3.8% y/y. In addition, weekly initial unemployment claims are expected to climb +5,000 to 241,000, and May factory orders are expected to jump +8.1% m/m. Finally, the Jun ISM services index is expected to climb +0.7 to 50.6.
Federal funds futures prices are discounting the chances at 21% for a -25 bp rate cut at the July 29-30 FOMC meeting.
Overseas stock markets on Tuesday settled mixed. The Euro Stoxx 50 closed down -0.39%. China’s Shanghai Composite closed up +0.39%. Japan’s Nikkei Stock 225 closed down -1.24%.
Interest Rates
September 10-year T-notes (ZNU25) Tuesday closed down by -8.5 ticks. The 10-year T-note yield rose +2.0 bp to 4.248%. Sep T-notes fell from a 2-month high Tuesday and turned lower, and the 10-year T-note yield rebounded from a 2-month low of 4.185% and turned higher.
Speculation that Congress is close to passing President Trump’s tax and spending bill has sparked some weakness in T-note prices. The Congressional Budget Office estimates that the bill would add nearly $3.3 trillion to US deficits over the next decade, which would boost Treasury security sales to fund the deficits. Losses in T-notes accelerated Tuesday after the stronger-than-expected ISM and JOLTS reports were hawkish for Fed policy.
T-note prices initially moved higher on Tuesday due to carryover support from strength in European government bonds. T-notes were also boosted as positive trade news has bolstered hopes for smaller-than-expected tariffs, which would soften the inflation outlook.
European government bond yields on Tuesday moved lower. The 10-year German bund yield fell -3.3 bp to 2.574%. The 10-year UK gilt yield dropped to an 8-week low of 4.417% and finished down -3.5 bp to 4.454%.
The Eurozone June CPI edged up to +2.0% y/y from +1.9% y/y in May, right on expectations. The June core CPI was unchanged from May at +2.3% y/y, right on expectations.
The ECB May 1-year CPI inflation expectations unexpectedly eased to +2.8% from +3.1% in Apr, versus expectations of no change at +3.1%. The May 3-year CPI expectations unexpectedly eased to +2.4% from +2.5% in Apr versus expectations of no change at +2.5%.
The Eurozone June manufacturing PMI was revised upward by +0.1 to 49.5 from the previously reported 49.4.
The German June unemployment change rose +11,000, showing a stronger labor market than expectations of +15,000. The Jun unemployment rate was unchanged at 6.3%, showing a stronger labor market than expectations of an increase to 6.4%.
ECB Governing Council member Kazaks said, “If the euro were to significantly appreciate further, it could weigh down on inflation and exports, which could tilt the balance toward another ECB interest rate cut.”
Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
Tesla (TSLA) closed down more than -5% as President Trump threatened to withdraw government subsidies from Elon Musk’s companies after Musk criticized the Republicans’ reconciliation bill. Analysts estimate that changes to regulatory credits could threaten up to 40% of Tesla’s profits.
Weakness in chip stocks is a negative factor for the overall market. Advanced Micro Devices (AMD) closed down more than -4%, and Broadcom (AVGO) and ARM Holdings Plc (ARM) closed down more than -3%. Also, Nvidia (NVDA) closed down more than -2% to lead losers in the Dow Jones Industrials. In addition, Marvell Technology (MRVL), Micron Technology (MU), and ASML Holding NV (ASML) closed down more than -1%.
Makers of glucose monitors and insulin pumps retreated Tuesday after the US government proposed a payment scheduling change for diabetes devices as well as a competitive bidding program. As a result, Tandem Diabetes Care (TNDM) closed down more than -7%, and Insulet (PODD) and Dexcom (DXCM) closed down more than -4%.
Warner Bros Discovery (WBD) closed down more than -4% after holder Advance/Newhouse planned to sell as much as $1.1 billion of its holdings in WBD via an overnight unregistered block trade.
AeroVironment (AVAV) closed down more than -11% after announcing plans to sell $750 million worth of shares of its common stock in an underwritten public offering and $600 million of aggregate convertible senior notes due 2020.
Dyne Therapeutics (DYN) closed down more than -8% after offering 24.2 million shares of its common stock in an underwritten public offering at a price of $8.25 per share, below Monday’s closing price of $9.52.
Sweetgreen Inc (SG) closed down more than -2% after TD Cowen downgraded the stock to hold from buy.
US-listed Macau casino operators rallied Tuesday after Macau’s monthly gaming revenue rose +19% y/y in June, above expectations of a +9.4% y/y gain. As a result, Las Vegas Sands (LVS) closed up more than +8% to lead gainers in the S&P 500. Also, Wynn Resorts Ltd. (WYNN) closed up more than +8% and MGM Resorts International (MGM) closed up more than +7%.
Packaging Corporation of America (PKG) closed up more than +7% after the company acquired Greif Containerboard for $1.8 billion, and Barclays said the purchase will increase PKG’s capacity to 6.0 MMT, holding its place as the third-largest containerboard maker in the US.
Ryder System (R) closed up more than +6% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $183.
Hasbro (HAS) closed up more than +4% after Goldman Sachs upgraded the stock to buy from neutral with a price target of $85.
Nike (NKE) closed up more than +3% after Argus Research upgraded the stock to buy from hold with a price target of $85.
CH Robinson Worldwide (CHRW) closed up more than +2% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $112.
Trade Desk (TTD) closed up more than +2% after Citibank raised its price target on the stock to $90 from $82.
Earnings Reports (7/2/2025)
Franklin Covey Co (FC), UniFirst Corp/MA (UNF).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settled Mixed as Higher Bond Yields Weigh on Sentiment

The best performing sector as of midday Tuesday is the Materials sector, up 2.8%. Within that group, Builders FirstSource Inc. (Symbol: BLDR) and Packaging Corp of America (Symbol: PKG) are two large stocks leading the way, showing a gain of 9.1% and 7.6%, respectively. Among the high volume ETFs, one ETF closely following materials stocks is the Materials Select Sector SPDR ETF (Symbol: XLB), which is up 2.6% on the day, and up 8.08% year-to-date. Builders FirstSource Inc., meanwhile, is down 10.89% year-to-date, and Packaging Corp of America, is down 8.82% year-to-date. PKG makes up approximately 2.5% of the underlying holdings of XLB.
The next best performing sector is the Consumer Products sector, higher by 2.0%. Among large Consumer Products stocks, Hasbro, Inc. (Symbol: HAS) and Hershey Company (Symbol: HSY) are the most notable, showing a gain of 6.2% and 5.7%, respectively. One ETF closely tracking Consumer Products stocks is the iShares U.S. Consumer Goods ETF (IYK), which is up 0.8% in midday trading, and up 9.40% on a year-to-date basis. Hasbro, Inc., meanwhile, is up 42.79% year-to-date, and Hershey Company is up 5.22% year-to-date. HSY makes up approximately 1.1% of the underlying holdings of IYK.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, nine sectors are up on the day, while none of the sectors are down.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tuesday Sector Leaders: Materials, Consumer Products

The S&P 500 Index ($SPX) (SPY) today is down -0.28%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.80%. September E-mini S&P futures (ESU25) are down -0.28%, and September E-mini Nasdaq futures (NQU25) are down -0.82%.
Stock indexes today are mostly lower, with the S&P 500 and Nasdaq 100 consolidating below Monday’s all-time highs. Tesla is down more than -5% to lead technology stocks lower and weigh on the overall market after President Trump threatened to withdraw subsidies from Elon Musk’s companies in response to Musk’s criticism of the Republican reconciliation bill. The markets are also monitoring progress on trade talks ahead of President Trump’s July 9 deadline, and Congressional wrangling over passage of President Trump’s tax and spending bill.
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The Senate narrowly passed the Republican reconciliation bill 51-50 earlier today, which now goes back to the House for their consideration. The reconciliation bill has the debt ceiling hike that is necessary to avert a Treasury default when the Treasury runs out of borrowing authority sometime between mid-August and late September. The dollar index fell to a 3-1/3 year low today as the nonpartisan Congressional Budget Office estimates that the bill would add nearly $3.3 trillion to US budget deficits over the next decade.
Stocks remained lower today after the better-than-expected US ISM and JOLTS reports pushed bond yields higher and dampened expectations of imminent Fed rate cuts. Also, Fed Chair Powell reiterated his wait-and-see stance on interest rates as he expects tariffs to show up in inflation data over the coming months.
The US June ISM manufacturing index rose +0.5 to 49.0, stronger than expectations of 48.8. Also, the June ISM prices paid sub-index rose +0.3 to 69.7, stronger than expectations of 69.5.
US May JOLTS job openings unexpectedly rose +374,000 to a 6-month high of 7.769 million, showing a stronger labor market than expectations of a decline to 7.300 million.
Fed Chair Powell said he expects the impacts of tariffs to show up in inflation data over the coming months, but the impact could be “higher or lower, or later or sooner than we expected.”
Better-than-expected manufacturing news from China is supportive of global economic growth prospects. The China June Caixin manufacturing PMI rose +2.1 to 50.4, stronger than expectations of 49.3.
On the negative side for stocks is the upcoming earnings season, which begins next week. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of +2.8% year-over-year, the smallest increase in two years. Also, only six of the 11 S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
During this holiday-shortened week, the markets will look for additional trade and tariff news along with progress in the passage of President Trump’s tax bill. On Wednesday, the June ADP employment change is expected to rise by +90,000. On Thursday, Jun nonfarm payrolls are expected to climb by +113,000, and the June employment rate is expected to tick up +0.1 to 4.3%. Also, June average hourly earnings are expected to rise +0.3% m/m and +3.8% y/y. In addition, weekly initial unemployment claims are expected to climb +5,000 to 241,000, and May factory orders are expected to jump +8.1% m/m. Finally, the Jun ISM services index is expected to climb +0.7 to 50.6.
Federal funds futures prices are discounting the chances at 21% for a -25 bp rate cut at the July 29-30 FOMC meeting.
Overseas stock markets today are mixed. The Euro Stoxx 50 is down -0.31%. China’s Shanghai Composite closed up +0.39%. Japan’s Nikkei Stock 225 closed down -1.24%.
Interest Rates
September 10-year T-notes (ZNU25) today are down by -10 ticks. The 10-year T-note yield is up +2.7 bp to 4.255%. Sep T-notes fell from a 2-month high today and turned lower, and the 10-year T-note yield rebounded from a 2-month low of 4.185% and turned higher.
Speculation that Congress is close to passing President Trump’s tax and spending bill has sparked some weakness in T-note prices. The Congressional Budget Office estimates that the bill would add nearly $3.3 trillion to US deficits over the next decade, which would boost Treasury security sales to fund the deficits. Losses in T-notes accelerated today after the stronger-than-expected ISM and JOLTS reports were hawkish for Fed policy.
T-note prices today initially moved higher on carryover support from strength in European government bonds. T-notes were also boosted as positive trade news has bolstered hopes for smaller-than-expected tariffs, which would soften the inflation outlook. In addition, weakness in stocks today has boosted safe-haven demand for T-notes.
European government bond yields today are moving lower. The 10-year German bund yield is down -3.7 bp to 2.570%. The 10-year UK gilt yield dropped to an 8-week low of 4.417% and is down -4.9 bp to 4.440%.
The Eurozone June CPI edged up to +2.0% y/y from +1.9% y/y in May, right on expectations. The June core CPI was unchanged from May at +2.3% y/y, right on expectations.
The ECB May 1-year CPI inflation expectations unexpectedly eased to +2.8% from +3.1% in Apr, versus expectations of no change at +3.1%. The May 3-year CPI expectations unexpectedly eased to +2.4% from +2.5% in Apr versus expectations of no change at +2.5%.
The Eurozone June manufacturing PMI was revised upward by +0.1 to 49.5 from the previously reported 49.4.
The German June unemployment change rose +11,000, showing a stronger labor market than expectations of +15,000. The Jun unemployment rate was unchanged at 6.3%, showing a stronger labor market than expectations of an increase to 6.4%.
ECB Governing Council member Kazaks said, “If the euro were to significantly appreciate further, it could weigh down on inflation and exports, which could tilt the balance toward another ECB interest rate cut.”
Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
Tesla (TSLA) is down more than -5% to lead losers in the S&P 500 and Nasdaq 100 as President Trump threatened to withdraw government subsidies from Elon Musk’s companies after Musk criticized the Republicans’ reconciliation bill. Analysts estimate that changes to regulatory credits could threaten up to 40% of Tesla’s profits.
Weakness in chip stocks is a negative factor for the overall market. Advanced Micro Devices (AMD), Broadcom (AVGO), and ARM Holdings Plc (ARM) are down more than -3%. Also, Nvidia (NVDA) is down more than -2% to lead losers in the Dow Jones Industrials. In addition, Micron Technology (MU), ASML Holding NV (ASML), Lam Research (LRCX), and KLA Corp (KLAC) are down more than -1%.
Warner Bros Discovery (WBD) is down more than -4% after holder Advance/Newhouse planned to sell as much as $1.1 billion of its holdings in WBD via an overnight unregistered block trade.
AeroVironment (AVAV) is down more than -7% after announcing plans to sell $750 million worth of shares of its common stock in an underwritten public offering and $600 million of aggregate convertible senior notes due 2020.
Dyne Therapeutics (DYN) is down more than -5% after offering 24.2 million shares of its common stock in an underwritten public offering at a price of $8.25 per share, below Monday’s closing price of $9.52.
Sweetgreen Inc (SG) is down more than -3% after TD Cowen downgraded the stock to hold from buy.
US-listed Macau casino operators are climbing today after Macau’s monthly gaming revenue rose +19% y/y in June, above expectations of a +9.4% y/y gain. As a result, Wynn Resorts Ltd. (WYNN) is up more than +8% to lead gainers in the S&P 500. Also, Las Vegas Sands (LVS) is up more than +8% and MGM Resorts International (MGM) is up more than +6%.
Packaging Corporation of America (PKG) is up more than 6% after the company acquired Greif Containerboard for $1.8 billion, and Barclays said the purchase will increase PKG’s capacity to 6.0 MMT, holding its place as the third-largest containerboard maker in the US.
Nike (NKE) is up more than +3% to lead gainers in the Dow Jones Industrials after Argus Research upgraded the stock to buy from hold with a price target of $85.
Hasbro (HAS) is up more than +4% after Goldman Sachs upgraded the stock to buy from neutral with a price target of $85.
Ryder System (R) is up more than +4% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $183.
CH Robinson Worldwide (CHRW) is up more than +2% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $112.
Trade Desk (TTD) is up more than +1% after Citibank raised its price target on the stock to $90 from $82.
Earnings Reports (7/1/2025)
Constellation Brands Inc (STZ), Greenbrier Cos Inc/The (GBX), MSC Industrial Direct Co Inc (MSM), TechTarget Inc (TTGT).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Pressured as Bond Yields Climb on Strong US Economic News

The S&P 500 Index ($SPX) (SPY) today is down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.38%. September E-mini S&P futures (ESU25) are down -0.24%, and September E-mini Nasdaq futures (NQU25) are down -0.39%.
Stock indexes today are mostly lower, with the S&P 500 and Nasdaq 100 consolidating below Monday's all-time highs. Tesla is down more than -6% to lead technology stocks lower and weigh on the overall market after President Trump threatened to withdraw subsidies from Elon Musk's companies after Musk criticized the Republican reconciliation bill. The markets are also monitoring progress on trade talks ahead of President Trump's July 9 deadline, and Congress is wrangling over passage of President Trump's tax and spending bill.
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The Senate is still considering the Republican reconciliation bill, with Treasury Secretary Bessent predicting the Senate will pass the bill later today. The reconciliation bill has the debt ceiling hike that is necessary to avert a Treasury default when the Treasury runs out of borrowing authority somewhere between mid-August and late-September. The dollar index fell to a 3-1/3 year low today as the nonpartisan Congressional Budget Office estimates that the bill would add nearly $3.3 trillion to US deficits over the next decade. After the Senate passes the bill, it will go back to the House for their consideration.
Better-than-expected manufacturing news from China is supportive of global economic growth prospects. The China June Caixin manufacturing PMI rose +2.1 to 50.4, stronger than expectations of 49.3.
On the negative side for stocks is the upcoming earnings season, which begins next week. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of +2.8% year-over-year, the smallest increase in two years. Also, only six of the 11 S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
During this holiday-shortened week, the markets will look for additional trade and tariff news along with progress in the passage of President Trump's tax bill. Later today, the June ISM manufacturing index is expected to climb by +0.2 to 48.7. Also, today, the May JOLTS job openings are expected to fall -91,000 to 7.3 million. Finally, Fed Chair Powell participates in a panel discussing monetary policy with BOE Governor Bailey, ECB President Lagarde, and BOJ Governor Ueda at the ECB's annual retreat in Portugal. On Wednesday, the June ADP employment change is expected to rise by +90,000. On Thursday, Jun nonfarm payrolls are expected to climb by +113,000, and the June employment rate is expected to tick up +0.1 to 4.3%. Also, June average hourly earnings are expected to rise +0.3% m/m and +3.8% y/y. In addition, weekly initial unemployment claims are expected to climb +5,000 to 241,000, and May factory orders are expected to jump +8.1% m/m. Finally, the Jun ISM services index is expected to climb +0.7 to 50.6.
Federal funds futures prices are discounting the chances at 19% for a -25 bp rate cut at the July 29-30 FOMC meeting.
Overseas stock markets today are mixed. The Euro Stoxx 50 is down -0.52%. China's Shanghai Composite closed up +0.39%. Japan's Nikkei Stock 225 closed down -1.24%.
Interest Rates
September 10-year T-notes (ZNU25) today are down by -3 ticks. The 10-year T-note yield is up +0.4 bp to 4.232%.
Sep T-notes fell from a 2-month high today and turned lower, and the 10-year T-note yield rebounded from a 2-month low of 4.185% and turned higher. Speculation that Congress is close to passing President Trump's tax and spending bill has sparked long liquidation in T-notes. The Congressional Budget Office estimates that the bill would add nearly $3.3 trillion to US deficits over the next decade, which would boost supply pressures as the Treasury is forced to increase sales of government debt to fund the deficits.
T-note prices today initially moved higher on carryover support from strength in European government bonds. T-notes are also climbing as positive trade news has bolstered hopes for smaller-than-expected tariffs, which have eased inflation concerns and are bullish for T-notes. In addition, weakness in stocks today has boosted safe-haven demand for T-notes.
European government bond yields today are moving lower. The 10-year German bund yield is down -4.3 bp to 2.564%. The 10-year UK gilt yield dropped to an 8-week low of 4.417% and is down -4.6 bp to 4.443%.
The Eurozone June CPI edged up to +2.0% y/y from +1.9% y/y in May, right on expectations. The June core CPI was unchanged from May at +2.3% y/y, right on expectations.
The ECB May 1-year CPI inflation expectations unexpectedly eased to +2.8% from +3.1% in Apr, versus expectations of no change at +3.1%. The May 3-year CPI expectations unexpectedly eased to +2.4% from +2.5% in Apr versus expectations of no change at +2.5%.
The Eurozone June manufacturing PMI was revised upward by +0.1 to 49.5 from the previously reported 49.4.
The German June unemployment change rose +11,000, showing a stronger labor market than expectations of +15,000. The Jun unemployment rate was unchanged at 6.3%, showing a stronger labor market than expectations of an increase to 6.4%.
Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the July 24 policy meeting.
US Stock Movers
Tesla (TSLA) is down more than -6% to lead losers in the S&P 500 and Nasdaq 100 as President Trump threatened to withdraw government subsidies from Elon Musk's companies after Musk criticized Trump's tax and spending bill. Analysts estimate that changes to regulatory credits could threaten up to 40% of Tesla's profits.
Weakness in chip stocks is a negative factor for the overall market. Advanced Micro Devices (AMD) is down more than -2%. Also, Nvidia (NVDA), Broadcom (AVGO), ASML Holding NV (ASML), Lam Research (LRCX), and KLA Corp (KLAC) are down more than -1%.
Warner Bros Discovery (WBD) is down more than -4% after holder Advance/Newhouse planned to sell as much as $1.1 billion of its holdings in WBD via an overnight unregistered block trade.
Dyne Therapeutics (DYN) is down more than -7% after offering 24.2 million shares of its common stock in an underwritten public offering at a price of $8.25 per share, below Monday's closing price of $9.52.
AeroVironment (AVAV) is down more than -6% after announcing plans to sell $750 million worth of shares of its common stock in an underwritten public offering and $600 million of aggregate convertible senior notes due 2020.
Sweetgreen Inc (SG) is down more than -5% after TD Cowen downgraded the stock to hold from buy.
US-listed Macau casino operators are climbing today after Macau's monthly gaming revenue rose +19% y/y in June, above expectations of a +9.4% y/y gain. As a result, Wynn Resorts Ltd. (WYNN) is up more than +8% to lead gainers in the S&P 500. Also, Las Vegas Sands (LVS) is up more than +7% and MGM Resorts International (MGM) is up more than +4%.
Nike (NKE) is up more than +3% to lead gainers in the Dow Jones Industrials after Argus Research upgraded the stock to buy from hold with a price target of $85.
Trade Desk (TTD) is up more than +2% to lead gainers in the Nasdaq 100 after Citibank raised its price target on the stock to $90 from $82.
Hasbro (HAS) is up more than +2% after Goldman Sachs upgraded the stock to buy from neutral with a price target of $85.
Ryder System (R) is up more than +2% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $183.
CH Robinson Worldwide (CHRW) is up more than +1% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $112.
Earnings Reports (7/1/2025)
Constellation Brands Inc (STZ), Greenbrier Cos Inc/The (GBX), MSC Industrial Direct Co Inc (MSM), TechTarget Inc (TTGT).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks See Pressure as Reconciliation Bill Inches through Congress

(RTTNews) - Toy, IP and game company Hasbro, Inc. (HAS) announced Tuesday a new slate of multi-year licensing partnerships aimed at transforming and expanding its most popular brands across the casino category.
After a comprehensive review and market evaluation, Hasbro has selected Aristocrat Technologies, Evolution, Galaxy Gaming, and Bally's as its newest partners in casino licensing. The new partners join existing licensee Sciplay.
The announcement underscores Hasbro's "Playing to Win" strategy, revealed in February 2025, which focuses on innovation, partnerships, and bringing beloved brands to life across more formats than ever.
Hasbro has a nearly 30-year history of licensing its age-appropriate IP to the gambling sector. With this new lineup of partners, the company is expanding access to entertainment experiences that reimagine its brands for a growing base of adult fans and gamers.
With new titles launching in January 2026, adult fans will see some of Hasbro's beloved brands integrated into new and existing casino formats, including land-based gaming slots, online gaming slots, casino table games, and online casinos.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.