Core Viewpoint - Mattel Inc's stock has experienced a decline following the release of the "Barbie" movie, with J.P. Morgan Securities downgrading the stock from "overweight" to "neutral" due to overestimated benefits from the film and anticipated challenges from weak holiday sales and increased freight costs [1] Group 1: Stock Performance - Mattel's stock is down 1.7% in premarket trading after the downgrade [1] - Since reaching a high of $22.64 on July 27, the stock has been on a downward trend, with expectations to erase gains from a recent 4.1% increase [2] - The stock is projected to fall below its year-to-date breakeven point and recent support levels at the 40-day moving average [2] Group 2: Analyst Sentiment - Despite a nearly 11% year-over-year deficit, the majority of analysts remain optimistic, with eight out of eleven rating the stock as a "strong buy" [1] - The 12-month consensus price target for Mattel is set at $22.55, indicating an 18.6% upside potential from the last closing price [1]

Subscribers to Schaeffer's Weekend Trader options recommendation service received this SQ commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Fintech stock Block Inc (NYSE:SQ) is finding support near its 160- and 200-day moving averages, and recently experienced a double bottom on the hourly chart. Now in the midst of a roughly 20% pullback from ...

Amazon.com Inc (NASDAQ:AMZN) stock is gapping to two-year highs today, after the Big Tech giant's strong fourth-quarter results. A record-breaking holiday shopping season boosted profits in the last quarter, with help from generative artificial intelligence (AI) features in its cloud and e-commerce businesses, which the company hopes to continue to grow in 2024. Amazon stock hit $171.31 at its peak today, last seen up 7% at $170.41. Should these gains hold, it will be the stock's best day since its 8.3% pos ...

Apple Inc (NASDAQ:AAPL) stock is brushing off a fiscal first-quarter top- and bottom-line beat, last seen down down 2% to trade at $183.15, due to shrinking China sales and jobs data stateside. Analysts are already making moves, with three cutting their price targets, including Piper Sandler to $190 from $205. Meanwhile, Monness Crespi Hard and Jefferies hiked their objectives to $200 and $205.AAPL earlier traded at its lowest level since November. The shares have since trimmed those losses, and are now tes ...

Palo Alto Networks Inc (NASDAQ:PANW) had a strong start to 2024, as it hit a Jan. 22 record high of $350.60 and added 15.1% since the beginning of the year. The equity has been consolidating since that peak, trading just 0.2% higher today at $338.58, following yesterday's 2.1% drop -- its largest move lower since Dec. 20. It may be too early to bet on any downside for PANW, however, as it has a history of positive moves in February. Per data from Schaeffer's Senior Quantitative Analyst Rocky White, PANW ran ...

Merck & Co Inc (NYSE:MRK) announced surprise fourth-quarter profits of 3 cents per share earlier, as well as revenue of $14.63 billion, both of which easily surpassed analysts' expectations. Strong demand for cancer drug Keytruda, as well as its HPV vaccine Gardasil contributed to the upbeat results. MRK is up 2.4% to trade at $123.58 at last check, and earlier surged to an all-time high of $125.75. The shares are now on track for their fifth win in the last six trading sessions, with long-term support stem ...

Over the last 10 years, FTNT has finished with nine monthly gains in FebruaryFortinet Inc (NASDAQ:FTNT) has had a strong start to the year, up 10.4% in January, even with today's negative price action. Though the reason for the dip is unclear, FTNT was last seen down 3.2% at $64.56. Recently, the stock has been gaining traction with traders and has been one of the most popular stocks on Zacks.com. The activity will likely continue to ramp up, too, as the cybersecurity name reports fourth-quarter earnings af ...

Shares of Alphabet Inc (NASDAQ:GOOGL) are pulling back sharply after the Big Tech powerhouse and Google parent's fourth-quarter earnings report. Though the company turned in better-than-expected earnings and revenue, its advertising revenue disappointed Wall Street. Plus, Alphabet and Microsoft's (MSFT) artificial intelligence (AI) cost projections are weighing on tech today. Falling further from its Jan. 29 all-time high of $153.51, GOOGL was last seen down 5.7% at $142.82. The stock seems to be getting a ...

Walmart Inc (NYSE:WMT) announced a 3-for-1 stock split, which will be payable after the close on Friday, Feb. 23. The retailer also revealed plans to build or convert more than 150 stores, and will remodel 650 locations across 47 states and Puerto Rico over the course of the next 12 months. Last seen up 0.8% at $166.86, WMT is on track for its fifth-straight daily win, as it closes in on its Nov. 15, record high of $169.94. Support stemming from the 20-day moving average has kept a handful of pullbacks in c ...

Pfizer Inc (NYSE:PFE) entered the earnings ring before the bell this morning, announcing fourth-quarter earnings of 10 cents per share, which is higher than analysts' anticipated losses of 22 cents. Meanwhile, revenue of $14.25 billion came in lower than the expected $14.42 billion. In regard to 2024, the pharmaceutical giant reaffirmed its forecast. Pfizer stock has erased its earlier gains, currently down 1.7% at $27.02. The stock ran up to recent pressure at its 20-day moving average before the reversal, ...