Hasbro Spikes 13% Following Positive Q2 Earnings

Hasbro's stock skyrocketed 13% after reporting better than expected Q2 earnings. Hasbro Inc. (NASDAQ:HAS) is setting the post-Toys "R" Us bankruptcy narrative and laying out a business roadmap for long-term profitable growth across its brands. The headwinds attributable to the bankruptcy of Toy "R" Us appear to be subsiding. Hasbro reported year-over-year overall revenue decline of 7%, however, beat on EPS and revenue by posting $0.48 (bearing by $0.18) and $904.5 million (beating by $66.4 million), respectively. Despite the negative revenue numbers, Hasbro's stock bounced to the upside especially after the earnings call commentary painted a positive long-term narrative while weathering the Toy "R" Us liquidation domestically and abroad. As Hasbro realigns and effectively manages the Toy R Us liquidation, this challenging backdrop is beginning to resolve itself to Hasbro's benefit. There's many current and future growth catalysts for Hasbro in movie franchises such as Marvel, Star Wars and other Disney properties since Hasbro is the exclusive toy maker, potential e-sports with Dungeons and Dragons and Magic: The Gathering, newly acquired Power Rangers franchise which will emulate Hasbro's My Little Pony and Transformers' Bumblebee within Hasbro Studios and its legacy games such as Monopoly and Nerf. Hasbro has great Q3/Q4 2018 catalysts, a strong and growing dividend yield, clear skies post Toy "R" Us liquidation and putting forth initiatives within Hasbro Studios to further propel growth thus presenting a compelling long-term buy.

Jim Cramer’s Mad Money Follow-Up Interview - “The Worst Is Over”

Previously, Jim Cramer interviewed Hasbro's CEO Brian Goldner on Mad Money, and he was confident that "the worst is over" for Hasbro as the Toys "R" Us liquidation unfolds. Goldner went on to say "I am certain that, a year from now, we will not be talking about Toys "R" Us in this negative light," Goldner added.

Now as a follow-on from that interview, conducted on July 23rd, Jim Cramer caught up Goldner to assess the progress Hasbro was making towards circumventing the Toys "R" Us liquidation and its other growth initiatives within the company. Continue reading "Hasbro Spikes 13% Following Positive Q2 Earnings"

Turkey Crisis Rattles Stock Market

Hello traders everywhere. Geopolitical events have a way of popping up when you least expect it. Case in point, we were looking and waiting for the U.S. stock market too high record highs with the S&P 500 within a whisker of hitting its record only to wake up this morning to a sharp down move on the Turkey news. That news has ended what looked to be the S&P 500's six straight weeks of gains, it's first such streak since November, with the S&P 500 currently floating between a weekly loss and gain.

The DOW was down over 200 points in early trading and has backed off the lows a tad but now posting a weekly loss while the NASDAQ remains in a strong position to close out the week in positive territory.

Turkey

The Turkish lira tumbled to a record low against the dollar due to concerns over the country's economy and a deepening rift with the United States. President Trump doubled tariffs on aluminum and steel imports from Turkey, deepening the currency's losses and raising concerns that the crisis could weigh on other economies. In turn, that led U.S. investors to safe-haven assets, with the dollar rising to a 13-month high, up +1.3% for the week and U.S. bond yields slipping to a three-week low. Continue reading "Turkey Crisis Rattles Stock Market"

Sproutly Looking To Revolutionize The Cannabis Beverages Industry

Analysis originally distributed on August 3, 2018 By: Michael Vodicka of Cannabis Stock Trades

Game-changing companies don’t come along very often. But when they do, shareholders usually see big gains.

This pattern continues to repeat itself in the stock market.

Netflix (NFLX) is a recent example.

Back in 2007, Netflix introduced a game changer in the home entertainment industry, releasing a new service that enabled customers to stream movies from the internet into their homes.

That innovation led to ridiculous gains for Netflix shareholders that completely crushed the broader stock market.

In just the last six years, Netflix has surged from $7.50 per share to a recent high above $400. That 5,000% return means that a $10,000 investment in Netflix in 2012 would be worth about $500,000 today.

Sproutly

These game changers are rare and hard to find. True game-changing technology doesn’t come around very often.

That’s why I’m excited about a new cannabis stock that reminds me of Netflix in 2007. Continue reading "Sproutly Looking To Revolutionize The Cannabis Beverages Industry"

Crude Oil Hammered By Chinese Announcement

Hello traders everywhere. The Chinese government announced on Wednesday that they would slap a 25% tariff on $16 billion of U.S. goods to include diesel, fuel oils, and other petroleum products. China has already taxed U.S. crude imports and has also announced plans to place tariffs on U.S. liquefied natural gas.

This announcement has sent U.S. West Texas Intermediate (WTI) crude futures to a new three-week low and getting close to its seven-week low. Oil is down -3.8% on the day hitting a session low of $66.32 and looking to test the seven-week low sitting at $66.29 and if it closes below that level look for it to test the 200-day moving average sitting at $64.33.

Crude Oil Hammered

Bitcoin continues to head lower under intense selling pressure triggering a new red weekly Trade Triangle at $6,331.69 and breaking through the 50-day moving average. The recent sell-off is in large part due to the decision by the Securities and Exchange Commission (SEC) to delay a ruling on a long-awaited bitcoin ETF to September. Continue reading "Crude Oil Hammered By Chinese Announcement"

Dimon Says: Get ready for 5% 10-year yield

If you don’t believe me, believe Jamie Dimon.

“I think rates should be 4% today,” the JPMorgan Chase CEO said this week, referring to the yield on the benchmark 10-year Treasury note. And if that wasn’t strong enough, he added, “you better be prepared to deal with rates 5% or higher — it's a higher probability than most people think.”

The question shouldn’t be, “Is he right?” Instead, it should be: “Why aren’t rates that high already?”

The 10-year yield ended last week at 2.95%, about unchanged from the previous week, although it did cross over into 3.0% territory for about a day before falling back. It started this week at 2.93% -- after Dimon made his comments.

Just about every Federal Reserve comment and economic and supply-and-demand figure screams that the yield on the 10-year should be at least 100 basis points higher than it is today. Yet the yield remains stubbornly at or below 3%. Continue reading "Dimon Says: Get ready for 5% 10-year yield"