Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Mattel Stock Popped 5% This Morning

TheMotleyFool

0 0

Shares of toymaker Mattel (NASDAQ: MAT) leapt more than 5% in early trading Friday on no obvious news directly relating to the company. As of 12:10 p.m. EDT, Mattel shares have retracted to a still-respectable 3.2% gain in afternoon trading.

Absent news directly relating to Mattel, what could explain this optimism about a toymaker that -- let's be blunt here -- hasn't earned a full-year GAAP profit in more than three years and just missed on earnings again when reporting another loss earlier this week?

Here's one possibility: News media are reporting that trade negotiators are back at work, trying to lay out a framework for implementing a China-U.S. trade deal signed back in January.

Source Fool.com

Like: 0

MAT

Share