17 October Watchlist 👀

Table of Contents

 

Today we are watching…

1.  Mattel (#mattel)

Consumer trends have trended, and it’s not a Barbie world anymore for Mattel investors. The toy company can’t rely on princess doll sales either, with Hasbro having snatched its lucrative licensing deal from Disney. Despite the gloom, some traders are sensing an opportunity. To raise money, the company needs to sell some bonds. It was about to do this before a whistleblower made a complaint, and shareholders are still in the dark about what’s wrong. The stock could jump if the issue is resolved. So, with Mattel’s earnings results penciled in for next week, an announcement soon could really help clear the air!

2. Morgan Stanley (#mstan)

This bank prides itself on trading stocks around the world. Unfortunately, it’s playing catch-up in that area, and a harsh backdrop for the banking sector isn’t helping either. To buck the trend, CEO James Gorman is prioritizing other cash cows, such as managing clients’ wealth. To pull big fees, Morgan Stanley needs to convince consumers that its funds are the best of the best. Plus, that hands-on, active management is required. Along with a progress update on this, the bank will deliver its earnings per share and revenue figures today that hopefully surpass $1.13 and $9.68 billion, respectively.

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