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Stock impact report

Why Toy Stocks Like Hasbro, Mattel, and Funko Were Plunging Today [Yahoo! Finance]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: Yahoo! Finance
Consumer discretionary stocks are getting hit especially hard since many of these products are imported from abroad, and consumers don't need to buy them. Toys are an especially discretionary category so it wasn't surprising to see shares of Hasbro, Mattel, and Funko all falling sharply today. The S&P 500 finished Thursday down 4.9%, while Hasbro had lost 12.3%, Mattel was down 16.6%, and Funko had given up 18%. Of all the discretionary categories, toys may be the most vulnerable here, especially if the economy weakens and consumers tighten their spending even further. After all, toys are typically bought for children, who don't make a lot of purchasing decisions, and there are also ample substitutes for new toys, including used toys, games, Read more
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