Diamonds and Dogs
The force is with Hasbro (HAS). U.S. toymaker is jumping 13% not far from a 52-week high following better than expected earnings thanks to Star Wars and Marvel toy sales. The sales boost is helping Hasbro recover from lost ground and sales from the Toys 'R' Us bankruptcy last year.
Halliburton (HAL) is sinking today down 8% not far from a 52-week low after missing earnings and disappointing guidance. Sales did grow 24% to $6.15 billion ahead of estimates. One analyst commented the flat earnings guidance implies over 10% downside to third quarter EBITDA estimates. Halliburton did mention softness in Marcellus and potential headwind in Permian basin.
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