Mattel, Inc., a children's and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands. The company also provides action figures, building sets, and games under the Masters of the Universe, MEGA, UNO, Lightyear, Jurassic World, WWE, and Star Wars brands; and licensor partner brands, including Disney, Pixar, Microsoft, NBCUniversal, and WWE. It sells its products directly to consumers through its catalog, website, and proprietary retail stores; retailers, including discount and free-standing toy stores, chain stores, department stores, and other retail outlets; and wholesalers, as well as through agents and distributors. Mattel, Inc. was founded in 1945 and is headquartered in El Segundo, California.

Mattel’s valuation looks restrained: the business maintains acceptable profitability, but the balance sheet and earnings no longer look as strong as they did a few quarters ago. A P/E of 10.36 is noticeably below the industry median, which usually supports the case for undervaluation; however, this positive is partly offset by weak earnings momentum and negative EPS. P/S and P/B, on the other hand, are above the industry medians, meaning the market is not paying cheaply for revenue and equity, which limits the upside from a re-rating. P/FCF is only slightly above the median, so free cash flow does not look catastrophically weak, but it also does not provide a strong argument for raising the target. Debt burden is notably higher than the industry average: debt/equity has risen to 1.17, and long-term debt has increased compared with earlier periods, which raises financial risk. At the same time, liquidity remains comfortable: a current ratio of 1.90 and a quick ratio of 1.26 are above average, so short-term solvency is not a concern for now. Efficiency metrics are mixed: ROE, ROA, and ROI are above the industry median, and gross margin and net profit margin also look stronger than the market, but operating margin is already below the industry median and has deteriorated significantly versus prior periods. This is an important signal, because operating margin usually best reflects the resilience of the core business model. Revenue and gross profit remain at high levels relative to the industry, but the year-over-year trend does not look convincingly upward, and EBITDA and operating income have declined noticeably in the latest periods. Particularly concerning is TTM net income near zero and negative EPS, which indicates weak conversion of operating performance into net profit. Equity and assets remain substantial, but rising liabilities and lower cash on hand reduce the margin of safety. There is no dividend yield, so investors do not receive compensation for waiting through regular payouts. Overall, the fundamentals point to a moderately solid but not risk-free business with limited potential for an aggressive valuation increase. For the target price, this is more a reason for a modest conservative downward adjustment than for an upward revision.

Mattel, Inc.

Сильный индекс, значительно упал. Оптимистичный взгляд на свои позиции резко сменился на неуверенность.

Strong index, significantly down. An optimistic view of his position suddenly changed to uncertainty.

Сильный индекс, без изменений. Рынок не поддерживает быков.

Strong index, flat. The market does not support the bulls.

Сильный индекс, без изменений. Отток средств из лонгов на высоком уровне.

Strong index, flat. Outflow of funds from longs at a high level.

Mattel appears undervalued on a P/E basis, but weak net income, rising debt, and deteriorating operating margin limit revaluation potential.

Key Points
The transaction involved 39,083 shares at a weighted-average price of $15.02 per share, representing a total value of ~$587,000.
The executive traded shares equal to 21% of the equity stake held prior to the filing.
The disposition was executed directly by the insider, who retains a direct balance of 144,390 shares.
This liquidity event occurred while shares were priced at $14.95, representing an 18% decline on a one-year basis as of the August 31, 2026 transaction date.
Roberto Jacobo Isaias Zanatta, Executive Vice President and Chief Supply Chain Officer of Mattel, Inc. (NASDAQ:MAT), sold 39,083 shares on August 31, 2026, according to a recent SEC Form 4 filing.
Transaction summary
Transaction value
~$587,027
Shares sold
39,083
Post-transaction shares (directly held)
144,390
Post-transaction value
$2.2 million
Transaction value based on SEC Form 4 weighted average sale price ($15.02); post-transaction value based on August 31, 2026 market close ($14.95).
Key questions
What were the specific execution details of this transaction?
The sale was conducted in multiple trades at prices ranging from $15.00 to $15.045, resulting in the reported weighted-average price of $15.02 per share.
How does this sale affect the executive's remaining interest in the company?
Following the disposition, the insider maintains a direct equity position of 144,390 shares, which accounts for 0.0497% of the company's outstanding equity.
What is the recent context for the stock price and valuation?
The executive executed the sale at $15.02 per share, while the stock has since moved to $14.59 as of the September 1, 2026 market close. The share price has fallen 18.31% over the trailing 12 months through August 31.
Company Overview
Share Price (as of market close 2026-09-01)
$14.59
Market Capitalization
$4.3 billion
Revenue (TTM)
$5.5 billion
Net Income (TTM)
$427.4 million
Company Snapshot
Mattel designs, manufactures, and distributes a comprehensive portfolio of toys and consumer goods for children, including iconic brands such as Barbie, Hot Wheels, Monster High, American Girl, and Polly Pocket, generating revenue through direct sales to retailers and consumers across multiple distribution channels.
The company operates through a diversified business model encompassing toy design and production, content creation, gaming platforms, and lifestyle merchandise, with geographic segments spanning North America, international markets, and the dedicated American Girl brand division.
Mattel's primary customers consist of major retail chains, e-commerce platforms, and direct-to-consumer channels, targeting children and families globally with an emphasis on entertainment-driven product experiences and brand loyalty across multiple age demographics.
Mattel is a global children's entertainment corporation with a market cap of $4.3 billion. The company leverages its portfolio of heritage brands and integrated entertainment ecosystem -- combining physical toys with digital content and gaming -- to maintain competitive positioning in the leisure and consumer goods sector, despite recent market headwinds reflected in an 18% one-year share price decline.
What this transaction means for investors
The Aug. 31 sale of Mattel stock at $15.02 per share by Chief Supply Chain Officer Roberto Jacobo Isaias Zanatta was a discretionary transaction representing a sizable 21% of his direct equity stake. That is not a positive sign for investors, especially given shares have fallen in 2026, sinking to a 52-week low of $12.73 in July and remaining near this low at the time of Isaias' disposition.
Mattel delivered a disappointing fourth quarter earnings report, as holiday sales missed Wall Street expectations. It was downhill from there. In the second quarter, the company reported strong sales growth of 10% year over year to $1.1 billion, yet costs increased, which eroded margins and resulted in a Q2 net loss of $18.2 million compared to net income of $53.4 million in 2025.
Mattel expects full-year 2026 sales to grow between 3% to 6% over 2025's $5.3 billion, but its forecast for adjusted earnings per share is a range between $1.27 to $1.39, down from $1.49 last year. Its Masters of the Universe movie failed to generate the success of its Barbie film, and a Barbie sequel appears unlikely as a deal with the cast and crew fell apart.
Should you buy stock in Mattel right now?
Before you buy stock in Mattel, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Mattel wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $446,157!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,377,357!*
Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 212% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 3, 2026.
Robert Izquierdo has positions in Mattel. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

A Mattel Executive Dumps Nearly 40,000 Shares After an 18% One-Year Decline in the Stock

A month has gone by since the last earnings report for Mattel (MAT). Shares have added about 1.2% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Mattel due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Mattel Q2 Earnings Miss Estimates on Costs, Revenues Beat on Vehicles
Mattel reported second-quarter 2026 results, with adjusted earnings missing the Zacks Consensus Estimate but net sales surpassing the same. Revenues improved, while the bottom line declined sharply from the prior-year quarter.
The company posted adjusted earnings of 1 cent per share, down from 21 cents a year earlier. The figure missed the Zacks Consensus Estimate of 3 cents by 66.7%, as higher advertising, selling and administrative expenses and margin pressure weighed on profitability.
Net sales of $1.13 billion increased 10% year over year and surpassed the consensus mark of $1.08 billion by 4.2%. Growth was led by North America, Vehicles and the Action Figures, Building Sets, Games and Other category. Vehicles gross billings rose 11% in constant currency.
MAT’s Sales Rise on Broad Geographic Growth
North America net sales increased 12% year over year. International net sales advanced 9% as reported and 5% in constant currency, supporting broad-based top-line growth during the quarter.
Regional gross billings increased in North America, EMEA and Asia Pacific. North America gross billings rose 12% in constant currency to $613 million, while EMEA increased 7% to $363 million. Latin America was comparable at $165 million, and Asia Pacific advanced 4% to $126 million. Management believes U.S. retailer ordering patterns have now largely stabilized.
Mattel’s Vehicles and Games Drive Portfolio Gains
Worldwide Vehicles gross billings increased 14% as reported and 11% in constant currency to $463 million, primarily driven by Hot Wheels. The company expects Hot Wheels to achieve its ninth consecutive record year, supported by demand from children and adult collectors.
Action Figures, Building Sets, Games and Other gross billings surged 35% as reported and 33% in constant currency to $358 million. Growth was reflected in Games, including the contribution from Mattel's 163 digital titles, and Action Figures tied to theatrical releases. Mattel Brick Shop also performed well during the quarter.
MAT’s Dolls and Preschool Categories Remain Soft
Dolls gross billings declined 5% as reported and 7% in constant currency to $318 million, primarily due to lower Barbie sales. Weakness in Barbie and Polly Pocket was partly offset by growth in K-Pop Demon Hunters and Disney Princess and Frozen products. Management expects Barbie to return to growth in 2027.
Infant, Toddler and Preschool gross billings fell 11% as reported and 13% in constant currency to $128 million, mainly reflecting a decline in Fisher-Price. However, Little People delivered high-double-digit growth, aided by new partnerships.
Mattel’s Margins Contract as Spending Increases
Adjusted gross margin declined 260 basis points year over year to 48.6%. The contraction reflected the gross incremental cost of tariffs, inflation, higher royalties and unfavorable foreign exchange. Contributions from Mattel163, tariff-mitigation efforts and cost savings provided partial offsets.
Advertising expenses increased $45.2 million to $124.3 million, reflecting Mattel163, marketing and engagement activities and strategic investments. Adjusted selling and administrative expenses rose 11% to $383.6 million. Consequently, adjusted operating income declined 60% to $38.8 million, while adjusted EBITDA fell to $95.5 million from $170 million.
MAT’s Cash Position Falls as Buybacks Continue
For the first six months of 2026, cash flows used for operating activities were $202.1 million, compared with $275.3 million a year earlier. The improvement reflected more favorable working-capital usage, partly offset by lower net income excluding noncash items.
Mattel ended the quarter with $523.9 million in cash and equivalents, $829.8 million in inventories and $2.33 billion in long-term debt. The company repurchased $100 million of shares during the quarter, bringing the year-to-date total to $300 million.
Mattel Reaffirms 2026 Earnings & Sales Outlook
Management reaffirmed its 2026 outlook, projecting constant-currency net sales growth of 3% to 6%. Adjusted gross margin is expected to be approximately 50%, while adjusted operating income is forecast between $580 million and $630 million.
Mattel continues to expect adjusted earnings of $1.27-$1.39 per share and an adjusted tax rate of approximately 24%. The company also reaffirmed its $400 million share-repurchase target for the year.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a upward trend in fresh estimates.
VGM Scores
At this time, Mattel has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a score of A on the value side, putting it in the top quintile for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Mattel has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Mattel is part of the Zacks Toys - Games - Hobbies industry. Over the past month, Hasbro (HAS), a stock from the same industry, has gained 2.6%. The company reported its results for the quarter ended June 2026 more than a month ago.
Hasbro reported revenues of $1.14 billion in the last reported quarter, representing a year-over-year change of +16.2%. EPS of $1.28 for the same period compares with $1.30 a year ago.
For the current quarter, Hasbro is expected to post earnings of $1.88 per share, indicating a change of +11.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.8% over the last 30 days.
Hasbro has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
This article originally published on Zacks Investment Research (zacks.com).

Why Is Mattel (MAT) Up 1.2% Since Last Earnings Report?

Shares of Hasbro, Inc. HAS have climbed 10.8% in the past three months, reflecting improving investor confidence in the company’s operating momentum. The stock has outperformed the Zacks Toys - Games - Hobbies industry’s 8.9% gain, the Zacks Consumer Discretionary sector’s 0.6% rise and the S&P 500’s 0.7% return over the same period.
Hasbro’s second-quarter fiscal 2026 results benefited from strong momentum in Magic: The Gathering, successful new releases and robust player demand. Wizards of the Coast benefited from strength in tabletop gaming, digital and licensed gaming, expanding distribution and a favorable business mix. Cost-transformation initiatives and supply-chain efficiencies provided additional support to profitability.
However, investor sentiment remains tempered by the impairment associated with Hasbro’s decision to refocus its Digital Games portfolio. Consumer Products profitability has also faced pressure from tariffs, higher input costs, royalties and unfavorable expense timing. Against this backdrop, should investors buy, hold or sell HAS shares?
HAS’ 3-Month Price Performance
Over the past three months, Hasbro has outpaced Six Flags Entertainment Corporation FUN, whose shares declined 22.7%, and Mattel, Inc. MAT, which gained 1.9%. However, HAS has lagged JAKKS Pacific, Inc. JAKK, which rose 16.5% in the same time frame.
HAS’ Digital Impairment, Tariffs and Cyber Disruption Weigh on Results
Despite strong top-line growth, Hasbro’s second-quarter profitability faced several pressures. A non-cash impairment tied to the refocusing of its Digital Games portfolio weighed on Wizards of the Coast and Digital Gaming profitability. The segment’s operating margin declined to 40.7% from 46.3% a year earlier. At the consolidated level, adjusted operating margin slipped to 24.8% from 25.2%, while adjusted earnings per share declined to $1.28 from $1.30 despite solid revenue growth.
Consumer Products also remained under pressure from higher input costs, royalties, tariffs and the timing of operating expenses. Operational-excellence initiatives helped offset some oil and input-cost inflation, but normal seasonality and entertainment-related mix shifts continued to weigh on profitability.
The unauthorized network-access incident added further pressure by disrupting order processing, shipping and invoicing, particularly within Consumer Products. Hasbro also incurred recovery, forensic and remediation expenses, with some additional costs expected. Geographic performance remained uneven, as strength in North America was offset by weakness in Europe, Asia Pacific and Latin America. Marvel and Star Wars demand provided support, but lower licensing revenues were an offset. Entertainment also remained soft because of the timing of streaming renewals and other content deals, pressuring revenues and operating profit.
Magic Momentum and Broader Brand Strength Drive Robust Growth
Magic: The Gathering remains Hasbro’s strongest growth catalyst. Wizards of the Coast and Digital Gaming revenues increased 27% in the second quarter, driven by 30% growth in Tabletop Gaming, while Magic itself rose 32%. Strong demand for Secrets of Strixhaven and Universes Beyond Marvel Super Heroes helped Magic surpass $500 million in quarterly revenues for the first time. Favorable scale and mix also supported Wizards’ operating profit despite the Digital Games impairment.
Magic’s momentum extends beyond individual releases. The franchise continues to benefit from an expanding player base, broader distribution and higher initial print runs designed to better meet demand. Improved manufacturing and supply-chain execution, along with additional printing capacity, should further support growth.
Digital and licensed gaming offer another growth avenue, with Monopoly Go! contributing $44 million in the second quarter. Hasbro is concentrating digital investments around Magic, Dungeons & Dragons, owned platforms and higher-conviction titles while increasingly using co-development and co-publishing partnerships to improve efficiency. Consumer Products revenues increased 5%, supported by stronger North American demand, favorable retail-order timing and strength in Marvel and Star Wars products. Product innovation, licensing expansion and momentum across Hasbro’s GEM2 categories provided additional support.
Cost Savings, Cash Flow Strength & Raised Outlook Support Growth
Hasbro’s operational transformation continues to provide an important offset to inflation and investment spending. The cost-transformation program generated $70 million of savings in the first half, helping adjusted operating profit increase 21% and adjusted operating margin expand 150 basis points.
Cash generation also improved sharply, with first-half operating cash flow rising to $604 million from $209 million. Hasbro used its stronger cash flow to reduce debt, prefund maturities and return $239 million to its shareholders through dividends and share repurchases.
Strong first-half execution prompted management to raise its 2026 outlook. Hasbro now expects revenues to grow 5-7% in constant currency, an adjusted operating margin of 25-26% and adjusted EBITDA of $1.45-$1.50 billion. Wizards remains the key growth engine, while recovering cyber-related sales, holiday innovation and further cost productivity should support Consumer Products in the second half.
Earnings Estimate Revision of HAS Stock
HAS’ earnings estimates for 2026 and 2027 have trended upward over the past 30 days to $6.18 and $6.56 per share, respectively. The revised estimates imply year-over-year earnings growth of 7.4% and 11.6%, respectively.
In comparison, Mattel’s earnings are projected to decline 6.4% year over year, while earnings for Six Flags Entertainment and JAKKS Pacific are expected to grow 78.9% and 52.5%, respectively.
HAS Stock Trades at a Premium
HAS stock is currently trading at a premium, with a forward 12-month price-to-earnings (P/E) ratio of 14.64, as shown in the chart below. The premium valuation reflects investor expectations surrounding the continued strength of Magic, improving Consumer Products trends, cost efficiencies and stronger cash generation. However, the premium also leaves less room for execution setbacks. Digital Gaming investment and impairment-related concerns, Consumer Products margin pressure, tariffs and lingering costs associated with the cyber incident remain important risks.
HAS P/E Ratio (Forward 12 Months)
Conclusion
Hasbro’s growth outlook is supported by exceptional momentum in Magic: The Gathering, broader Wizards of the Coast strength, improving Consumer Products revenues and continued expansion of digital and licensing opportunities. Cost-transformation initiatives, stronger cash flow and the raised 2026 outlook add further support, while upward earnings estimate revisions reinforce improving fundamentals.
Nonetheless, several challenges warrant caution. Consumer Products profitability remains pressured by tariffs, higher input costs and royalties, while the Digital Games impairment highlights execution risks associated with Hasbro’s gaming investments. The company also continues to navigate cyber-related costs and weakness in Entertainment. Following the recent share-price rally, HAS’ premium valuation suggests that some of the improving fundamentals are already reflected in the stock. The combination of strong growth drivers and lingering margin and execution risks supports a hold stance rather than an aggressive entry at current levels.
HAS stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
This article originally published on Zacks Investment Research (zacks.com).

Hasbro Stock Gains Nearly 11% in 3 Months: Is More Growth Ahead?

Mattel, Inc. MAT posted a clear split in second-quarter 2026 performance. Net sales rose 10% year over year and topped expectations, while adjusted earnings fell sharply as margin pressure and higher operating expenses weighed on profitability.
The quarter showed that revenue momentum is improving faster than earnings. That puts greater emphasis on whether second-half margin recovery can support the company’s reaffirmed full-year outlook.
Mattel's Q2 Sales Beat Masks an Earnings Miss
Mattel reported net sales of $1.13 billion, up 10% year over year and 4.2% above the Zacks Consensus Estimate of $1.08 billion. Growth was led by North America, Vehicles and the Action Figures, Building Sets, Games and Other category.
Adjusted earnings were 1 cent per share, down from 21 cents a year earlier. The result missed the Zacks Consensus Estimate of 3 cents by 66.7%, as higher advertising, selling and administrative expenses and weaker margins offset the benefit of higher sales.
Mattel, Inc. Price and EPS Surprise
MAT Growth Came From Vehicles and Challenger Categories
Worldwide Vehicles gross billings increased 11% in constant currency to $463 million, mainly on Hot Wheels growth. Action Figures, Building Sets, Games and Other gross billings rose 33% in constant currency to $358 million, helped by games, Mattel163 and action figures tied to theatrical releases.
The broader competitive landscape also shows why digital and intellectual-property monetization matter. Hasbro, Inc. HAS operates across physical and digital games, toys, licensed consumer products and entertainment, while Take-Two Interactive Software, Inc. TTWO develops and publishes interactive entertainment through Rockstar Games, 2K and Zynga. Mattel’s expansion into digital games and entertainment increases its exposure to some of the same consumer attention channels.
Mattel's Margin Squeeze Raises the Second-Half Bar
Adjusted gross margin declined 260 basis points year over year to 48.6%. Tariffs reduced margin by 170 basis points, inflation by 120 basis points, higher royalties by 110 basis points and foreign exchange by 60 basis points.
Mattel163 contributed 120 basis points of benefit, while tariff-mitigation actions and Optimizing for Profitable Growth savings added another 80 basis points. Management still expects adjusted gross margin of about 50% for 2026 and sequential improvement in the second half, making cost control and mix improvement central to the earnings recovery.
MAT Keeps Its 2026 Outlook Intact
Management reaffirmed its full-year 2026 guidance despite the second-quarter earnings shortfall. Mattel continues to expect constant-currency net sales growth of 3% to 6% and adjusted operating income of $580 million to $630 million.
Adjusted earnings are still projected at $1.27 to $1.39 per share, with adjusted gross margin expected at about 50%. The guidance provides a counterweight to the weak quarterly profit result, but it also leaves execution pressure elevated because stronger second-half profitability is needed to support the full-year targets.
MAT's Hold Signal Reflects Q2 Crosscurrents
Mattel’s second-quarter results support a balanced view. Sales growth accelerated and category diversification improved, but the earnings miss and margin contraction show that higher revenues are not yet converting into stronger profits.
The stock currently carries a Zacks Rank #3 (Hold). Mattel also has a Value Score of A and VGM Score of B, while its Growth Score of C and Momentum Score of D are less favorable. The mix supports patience rather than a more aggressive stance until margin recovery and earnings performance become more convincing. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Hasbro, Inc. (HAS) : Free Stock Analysis Report

Mattel Q2 Sales Beat Estimates as Margin Pressure Squeezes Earnings

Mattel, Inc. MAT offers investors a discounted valuation alongside improving sales momentum and a broader intellectual-property strategy. Second-quarter 2026 net sales rose 10% year over year, but profitability weakened as costs and strategic spending increased.
The decision therefore rests on whether stronger Vehicles, games and entertainment-linked demand can offset pressure in Dolls, preschool products and margins.
Mattel's Valuation Leaves Room for Upside
Mattel trades at 0.7X forward 12-month sales, below the Zacks sub-industry's 2.34X multiple and its five-year median of 1.17X. Its forward price-to-earnings multiple is 11.9X, adding another measure of a relatively restrained valuation.
That discount gives the stock room to re-rate if operating performance improves. It also reflects real uncertainty, so valuation alone is not enough to establish a stronger buy case while earnings remain under pressure.
MAT Growth Engines Are Broadening Beyond Barbie
Vehicles gross billings rose 11% in constant currency in the second quarter, while Action Figures, Building Sets, Games and Other climbed 33%. Hot Wheels, UNO, Mattel163, licensed properties and entertainment-linked products are widening the sources of growth beyond Barbie.
The competitive backdrop is also broad. Hasbro, Inc. HAS operates across games, intellectual property and toys, including physical and digital experiences. Take-Two Interactive Software, Inc. TTWO develops and publishes interactive entertainment through businesses including Rockstar Games, 2K and Zynga, highlighting the digital engagement market Mattel is entering.
Mattel's Margin Recovery Faces a High Bar
Adjusted gross margin fell 260 basis points year over year to 48.6% in the second quarter. Tariffs, inflation, higher royalties and unfavorable foreign exchange more than offset benefits from Mattel163, tariff-mitigation actions and cost savings.
Management still expects adjusted gross margin of about 50% for 2026 and sequential improvement in the second half. Reaching that level will require cost mitigation and mix improvements to counter external pressures while strategic investments continue.
MAT Still Has Execution Risks to Clear
Dolls gross billings fell 7% in constant currency in the second quarter, primarily because of Barbie and Polly Pocket. Infant, Toddler and Preschool declined 13%, mainly on Fisher-Price weakness. Mattel does not expect Barbie to return to growth until 2027.
Execution risk also extends to films and digital games. Matchbox is scheduled for October 2026, while UNO Wild is in soft launch ahead of an early-2027 commercial release. Management expects strategic investments to become net positive to the bottom line in 2027 and beyond.
Mattel's Hold Signal Fits a Mixed Setup
For investors weighing whether to buy or wait, Mattel combines attractive valuation characteristics with improving diversification, but margins and category weakness keep the earnings setup uneven. The stock currently carries a Zacks Rank #3 (Hold), which is consistent with a wait-and-see approach rather than a clear buy signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Mattel has a Value Score of A and VGM Score of B, supporting the valuation side of the case. Its Growth Score of C and Momentum Score of D are less favorable. Together, the readings argue for patience until margin recovery and earnings trends become more convincing.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Hasbro, Inc. (HAS) : Free Stock Analysis Report

Should You Buy Mattel as Growth Battles Margin and Execution Risks?

Mattel (MAT) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this toy maker would post a loss of $0.24 per share when it actually produced a loss of $0.2, delivering a surprise of +16.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Mattel, which belongs to the Zacks Toys - Games - Hobbies industry, posted revenues of $1.13 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.19%. This compares to year-ago revenues of $1.02 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Mattel shares have lost about 25% since the beginning of the year versus the S&P 500's gain of 11%.
What's Next for Mattel?
While Mattel has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Mattel was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.94 on $1.89 billion in revenues for the coming quarter and $1.35 on $5.64 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Toys - Games - Hobbies is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Consumer Discretionary sector, Fox (FOXA), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This TV broadcasting company is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of +5.5%. The consensus EPS estimate for the quarter has been revised 4.6% lower over the last 30 days to the current level.
Fox's revenues are expected to be $3.6 billion, up 9.5% from the year-ago quarter.
Should You Invest in Mattel, Inc. (MAT)?
Before you invest in Mattel, Inc. (MAT), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Mattel (MAT) Q2 Earnings Lag Estimates

Jakks Pacific (JAKK) came out with quarterly earnings of $0.25 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this toymaker would post a loss of $0.36 per share when it actually produced a loss of $0.17, delivering a surprise of +52.78%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Jakks, which belongs to the Zacks Toys - Games - Hobbies industry, posted revenues of $139.24 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.42%. This compares to year-ago revenues of $119.09 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Jakks shares have added about 45% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Jakks?
While Jakks has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Jakks was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.89 on $244.62 million in revenues for the coming quarter and $2.73 on $612.67 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Toys - Games - Hobbies is currently in the top 4% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Mattel (MAT), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This toy maker is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of -84.2%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Mattel's revenues are expected to be $1.08 billion, up 6% from the year-ago quarter.
Should You Invest in JAKKS Pacific, Inc. (JAKK)?
Before you invest in JAKKS Pacific, Inc. (JAKK), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report
Mattel, Inc. (MAT) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Jakks Pacific (JAKK) Q2 Earnings Match Estimates

Hasbro, Inc. HAS has a better growth story than it had earlier in the year, but the investment case is not one-sided. The company beat expectations, raised its fiscal 2026 outlook and has outperformed its industry over the past six months.
The question is whether that improvement leaves enough room for new buyers. HAS has stronger earnings momentum, but valuation and margin quality still require discipline.
HAS Earnings Momentum Is Improving
Hasbro’s second-quarter fiscal 2026 results gave the bull case more substance. Adjusted earnings of $1.28 per share beat the Zacks Consensus Estimate by 9.4%, while revenues of $1.14 billion topped the consensus mark by 8.9%.
Management now expects fiscal 2026 revenues to rise 5-7% in constant currency, up from its prior view of 3-5%. The adjusted operating margin outlook also improved to 25-26%, while adjusted EBITDA is now projected between $1.45 billion and $1.50 billion.
Hasbro, Inc. Price and EPS Surprise
The first-half numbers show why expectations moved higher. Adjusted operating profit rose 21% to $569 million, and adjusted operating margin expanded 150 basis points to 26.6%. Volume, mix and cost productivity more than offset incremental tariffs and royalty expense.
Why Hasbro Valuation Is Not a Clear Bargain
HAS does not look stretched against broader benchmarks. The stock trades at 14.19X forward 12-month earnings, below the Zacks Consumer Discretionary sector at 16.2X and the S&P 500 index at 20.85X.
The relative picture is less attractive inside its own sub-industry. The Zacks sub-industry trades at 10.09X forward earnings, making Hasbro look more expensive than the narrower peer group.
The stock also sits close to its five-year median forward earnings multiple of 14.92X. That suggests the market is not assigning an extreme premium, but it also means the shares are not obviously cheap after improving year-to-date and trailing 12-month performance.
Mattel, Inc. MAT remains a useful comparison for investors evaluating traditional toy demand, brand strength and holiday-season execution. JAKKS Pacific, Inc. JAKK also provides context for the toy and licensed-product space, where retailer demand and entertainment tie-ins can shift quickly.
Hasbro Profit Quality Still Needs Proof
Wizards of the Coast and Digital Gaming remains the clearest source of profit strength. In the second quarter, the segment generated $664 million in revenues, up 27%, and $270 million in operating profit.
Magic: The Gathering grew 32% in the quarter, helped by Secrets of Strixhaven and Marvel Super Heroes. Monopoly Go! contributed $44 million in revenues, reinforcing the value of Hasbro’s digital and licensing model.
Consumer Products is less convincing on profitability. Revenues rose 5% to $463 million, but the segment recorded an adjusted operating loss of $8 million because of tariffs, entertainment-related mix shifts and normal seasonality.
Digital spending also adds risk. Hasbro recorded a $56-million impairment tied to canceled digital game projects planned for 2028 and beyond, showing that growth investments can still dilute profit quality.
What Could Move HAS Higher or Lower
HAS could move higher if Magic stays resilient, licensing partnerships keep expanding and Consumer Products converts better sell-through into margin improvement. Holiday innovation and entertainment-linked demand also matter because the back half is important for toys and games.
Cost savings remain another catalyst. Hasbro delivered $70 million of savings in the first six months against a $150-million full-year commitment, while management continues to target $1 billion of gross cost savings by fiscal 2027.
The downside case rests on execution. Weaker releases, higher freight, resin and packaging costs, renewed tariff pressure or slower toy demand could weigh on profitability.
Digital execution is another swing factor. Exodus and Warlock remain planned for fiscal 2027, but delays, softer player adoption or further portfolio changes could pressure returns.
How HAS Ranks for Stock Pickers
The bottom line is that HAS looks improved, but not clearly mispriced. Growth is better, Wizards remains powerful and guidance has moved higher, yet valuation and segment margin pressure keep the buy case measured.
The stock currently carries a Zacks Rank #3 (Hold). That rank points to a middle-ground setup rather than a high-conviction entry call. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
HAS also has a Growth Score of B, Momentum Score of A and VGM Score of B, which indicate supportive growth and price-performance traits. The Value Score of C argues for timing discipline, especially with the stock trading above its sub-industry multiple.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is HAS Stock a Buy Now as Growth Improves but Valuation Stays Mixed?

Hasbro, Inc. HAS has returned to revenue growth, but the quality of that growth remains uneven. The company’s 2026 setup is tied closely to Wizards of the Coast and Digital Gaming, where Magic: The Gathering continues to anchor momentum.
The broader toy and games business is improving, yet profitability still faces pressure from tariffs, royalties, seasonality and digital execution risk. That mix makes HAS a balanced story rather than a clean turnaround.
How Hasbro Is Driving Revenue Higher
Hasbro reported second-quarter fiscal 2026 revenues of $1.14 billion, up 16% year over year. Earnings and revenues beat the Zacks Consensus Estimate by 9.4% and 8.9%, respectively, giving investors a clearer sign that demand has improved.
Hasbro, Inc. Price and EPS Surprise
The company also raised its full-year 2026 outlook. It now expects total revenues to rise 5-7% in constant currency, compared with the prior view of 3-5%. Magic: The Gathering, Monopoly Go! and better toy and game sell-through are helping restore top-line momentum.
Why HAS Still Depends on Wizards
Wizards and Digital Gaming remain Hasbro’s primary growth and profit engine. In the second quarter, segment revenues rose 27% to $664 million, while operating profit reached $270 million. Magic revenues increased 32%, supported by Secrets of Strixhaven and Marvel Super Heroes.
That strength comes with concentration risk. Wizards generated a large share of Hasbro’s profit base, and earnings depend heavily on continued player engagement, organized play, collaborations and digital distribution. A $56-million impairment tied to canceled digital game projects also showed that not every digital investment will produce returns.
Hasbro Consumer Products Still Faces Pressure
Consumer Products is moving in the right direction on sales, but the margin picture is less clean. Segment revenues rose 5% in the second quarter to $463 million, helped by Star Wars, Marvel and better point-of-sale trends.
Profitability did not follow the same path. The segment posted an adjusted operating loss of $8 million, hurt by incremental tariff expense, entertainment-related mix shifts and normal seasonality. For investors, the issue is whether better demand can offset higher costs and royalty pressure.
Mattel, Inc. MAT is a relevant peer because it also competes for consumer spending across toys, games and family entertainment. Its performance can help frame how much of Hasbro’s improvement is company-specific versus broader category recovery.
Funko, Inc. FNKO offers another useful comparison because its business is tied to pop-culture products and licensed entertainment demand. That makes licensing strength and retail sell-through important factors across the wider consumer-products space.
What Hasbro Investors Should Watch Next
The next few quarters will test whether Hasbro can broaden growth beyond Wizards. Holiday innovation, entertainment-linked demand, licensing activity and continued cost savings are all important catalysts for Consumer Products.
Digital execution also matters. Hasbro has major releases planned ahead, including Exodus and Warlock for 2027. Marketing costs, amortization tied to new launches and cyber-remediation expenses could influence margins and investor sentiment.
How HAS Signals a Balanced Setup
The bottom line is that Hasbro has a credible growth engine, but it still carries operating risk. Magic remains powerful, Consumer Products is improving, and cost savings are helping. Yet tariffs, royalties and digital portfolio decisions keep the setup mixed.
HAS currently carries a Zacks Rank #3 (Hold). The stock also has a VGM Score of B, with a Value Score of C, Growth Score of B and Momentum Score of A. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The scores suggest respectable overall characteristics, especially on growth and momentum. The Value Score of C points to a less compelling valuation profile, while the Zacks Rank #3 indicates a neutral near-term earnings setup. For now, investor interest in HAS is likely to remain tied to execution and earnings follow-through.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Hasbro Stock Outlook Hinges on Magic Growth and Margin Risks in 2026

The S&P 500 Index ($SPX) (SPY) today is up +0.48%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.27%. September E-mini S&P futures (ESU26) are up +0.49%, and September E-mini Nasdaq futures (NQU26) are up +1.26%.
Stock indexes are climbing today, led by chipmakers, after South Korea’s SK Hynix saw its American depositary receipts (ADRs) listing more than seven times oversubscribed, signaling strong investor demand. The US offering by SK Hynix would raise about $24.5 billion for the company, making it the second-largest by a foreign company, according to Bloomberg calculations. Strength in trucking and freight stocks is also lifting the broader market after Citigroup upgraded the sector.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stocks are moving higher today despite an escalation of hostilities in the Middle East as the US and Iran traded attacks against each other for a second day.
Signs of strength in the US labor market are also supportive of stocks after weekly initial unemployment claims unexpectedly fell -2,000 to a 6-week low of 215,000, showing a stronger labor market than expectations of a +2,000 increase to 217,000. Conversely, today’s housing news was negative for stocks after Jun existing home sales unexpectedly fell -2.4% m/m to 4.09 million, weaker than expectations of an increase to 4.20 million.
The outlook for strong Q2 earnings is a bullish factor for stocks. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2.
WTI crude oil (CLQ26) gave up an early advance today and is down more than -1% on speculation that the tit-for-tat attacks between the US and Iran will not escalate any further. Crude prices initially moved higher after the US military struck Iran for a second day today, hitting about 90 Iranian targets to degrade the country's ability to attack commercial shipping in the Strait of Hormuz. Iran responded by targeting US bases in Bahrain, Kuwait, and Qatar with drones and missiles. On Wednesday, President Trump said the ceasefire with Iran is over, raising the prospect of persistent hostilities in the region that could disrupt energy supplies. The US on Tuesday also revoked the Iran oil waiver that allowed buyers to purchase and transport Iranian oil legally.
The markets are discounting a 26% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets are higher today. The Euro Stoxx 50 is up +1.10%. China's Shanghai Composite recovered from a 1-month low and closed up +1.65%. Japan's Nikkei-225 Stock Average closed up +1.38%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +4 ticks, and the 10-year T-note yield is down -2.8 bp to 4.551%. T-notes are moving higher today amid an increase in safe-haven demand after the US launched attacks against Iran for a second day. T-notes added to their gains after US Jun existing home sales unexpectedly declined. Gains in T-notes are limited after weekly US jobless claims unexpectedly fell to a 6-week low, a sign of labor market strength that is hawkish for Fed policy. Also, supply pressures are bearish for T-notes as the Treasury will auction $22 billion of 30-year T-bonds later today.
European government bond yields are moving lower today. The 10-year German bund yield fell from a 1.5-month high of 3.118% and is down -0.5 bp to 3.087%. The 10-year UK gilt yield is down -7.1 bp to 4.903%.
German trade news was mixed, with May exports unexpectedly rising +0.9% m/m, versus expectations of a -0.4% m/m decline. May imports fell -2.5% m/m, weaker than expectations of -0.8% m/m.
Swaps are discounting a 13% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI infrastructure stocks are moving higher today, providing support to the overall market. The iShares Semiconductor ETF (SOXX) is up more than +4%. ARM Holdings Plc (ARM) is up more than +11%, and SanDisk (SNDK) and ON Semiconductor (ON) are up more than +8%. Also, Advanced Micro Devices (AMD), Micron Technology (MU), KLA Corp (KLAC), and Western Digital (WDC) are up more than +7%, and Lam Research (LRCX), Applied Materials (AMAT), and Marvell Technology (MRVL) are up more than +6%. In addition, Seagate Technology Holdings NV (STX) and Microchip Technology are up more than +5%, and NXP Semiconductors NV (NXPI) and Qualcomm (QCOM) are up more than +4%.
Trucking companies are moving higher today after Citigroup upgraded the sector. FedEx Freight Holding (FDXF) is up more than +7%, and Old Dominion Freight Line (ODFL) and Knight-Swift Transportation Holdings (KNX) are up more than +3%. Also, ArcBest (ARCB), JB Hunt Transport Services (JBHT), CH Robinson Worldwide (CHRW), and United Parcel Service (UPS) are up more than +2%. In addition, Marten Transport Ltd (MRTN), Saia Inc (SAIA), and XPO Inc (XPO) are up more than +1%.
Airline stocks and cruise line operators are climbing today with WTI crude oil prices down by more than -1%. Norwegian Cruise Line Holdings (NCLH) is up by more than +5%, and Alaska Air Group (ALK) is up more than +4%. Also, American Airlines Group (AAL) and Carnival (CCL) are up more than +3%, and United Airlines Holdings (UAL), Delta Air Lines (DAL), Southwest Airlines (LUV), and Royal Caribbean Cruises Ltd (RCL) are up by more than +2%.
Cerebras Systems (CBRS) is up more than +8% after announcing it plans to expand its European AI infrastructure to 200MW of total compute capacity by the end of 2027. Goldman Sachs downgraded the stock to sell from neutral with a price target of $19.
Alnylam Pharmaceuticals (ALNY) is up more than +5% to lead gainers in the Nasdaq 100 after rivals AstraZeneca and Ionis Pharmaceuticals slumped after a late-stage trial of their Wainua drug failed to prevent heart problems in patients. Ionis Pharmaceuticals (IONS) is down more than -20% on the news.
Ceco Environmental Corp (CECO) is up more than +5% after JPMorgan Chase initiated coverage on the stock with a recommendation of overweight and a price target of $130.
Granite Construction (GVA) is down more than -8% after Goldman Sachs downgraded the stock to sell from neutral with a price target of $139.
Paramount Skydance (PSKY) is down more than -7% to lead losers in the S&P 500 after Arete Research downgraded the stock to sell from neutral with a price target of $2.
Costco Wholesale (COST) is down more than -4% after reporting that June total comparable sales rose 8.8%, below the consensus of 9.8%.
PepsiCo (PEP) is down more than -3% after reporting Q2 operating profit of $4.02 billion, weaker than the consensus of $4.06 billion.
International Business Machines (IBM) is down more than -2% after Starbucks said it was developing in-house tools with the help of artificial intelligence that could replace some software applications it buys from IBM.
Mattel (MAT) is down more than -1% after Goldman Sachs downgraded the stock to sell from neutral with a price target of $12.
Earnings Reports(7/9/2026)
Immersion Corp (IMMR), Nurix Therapeutics Inc (NRIX), PepsiCo Inc (PEP), Simply Good Foods Co/The (SMPL), Simulations Plus Inc (SLP), WD-40 Co (WDFC).
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.

Mattel, Inc.

Options Strategies