Wednesday, 26 July 2023

Mattel’s shares have soared 33% in the run up to ‘Barbie.’

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Snap shares fall on softer Q3 outlook as app tries to revamp ads

Photo messaging app-owner Snap Inc (NYSE:SNAP) on Tuesday gave weaker third quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 17%.

Mattel's shares have soared 33% in the run up to 'Barbie.' But the doll's new Hollywood stardom isn't expected to lift the company's sales until later this year

Barbie, the film based on the iconic Mattel doll, had the biggest opening of the year last weekend, but don't expect the picture to have a major impact on the company's near-term financial results. Directed by Greta Gerwig and starring Margot Robbie, Barbie has already sold $356.3 million in theater tickets globally.






DISCLAIMER: Stocks and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the stocks and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this report. The past performance of any trading system or methodology is not necessarily indicative of future results. All trades, patterns, charts, systems, etc., discussed in this report are for illustrative purposes only and not to be construed as specific advisory recommendations. Information contained in this correspondence is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.








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