Shares of toy maker Hasbro plummeted in premarket trading Monday after the company posted weaker-than-expected earnings following the liquidation of Toys R Us.
"As we discussed earlier in the year, our first quarter was expected to be difficult," CEO Brian Goldner said in a statement Monday. "We are working to put the near-term disruption from Toys R Us behind us."
Hasbro warned in February that residual effects from the bankruptcy of Toys R Us would weigh heavily on the brand for the first two quarters of 2018. Toys R Us said announced its liquidation last month.
Getty Images The board game Monopoly by toymaker Hasbro at a toy store in New York City.Here's what Hasbro reported compared with projections by a Thomson Reuters survey of analysts:
Best Gold Stocks For 2019: Advantage Lithium Corp. (AVLIF)
Advisors' Opinion:- [By ]
Advantage Lithium (OTCQX:AVLIF) is a strategic advanced junior lithium exploration company that operates between Lithium Americas and Orocobre in the Cauchari-Olaroz basin. Orocobre is the largest shareholder in the company with a 30% equity stake, coupled with a 25% interest in the project. Over the past few months, the company has been moving towards completing the second stage of its drilling campaign, which will be completed in May 2018 and will then be followed on with an updated Natural Resource Estimate Study. This will allow the company to move into phase three of its drilling efforts, which will utilize larger drills to further define the resource, with a Feasibility Study expected to be completed in the first part of 2019.
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The following 6 companies are on the bench for the index:
Advantage Lithium (OTCQX:AVLIF) Argosy Minerals (OTCPK:ARYMF) Bacanora Minerals (OTC:BCRMF) Critical Elements (OTCQX:CRECF) NEO Lithium (OTCQX:NTTHF) Wealth Minerals (OTCQX:WMLLF)"Bench" is a sports analogy meaning that one or more of them could be added in the future if one of the above companies becomes a producer, is acquired, or the market capitalization ("cap") of one or more of the index holdings falls significantly below that of one or more companies on the bench.
Best Gold Stocks For 2019: Ecolab Inc.(ECL)
Advisors' Opinion:- [By ]
3. Ecolab (NYSE: ECL)
This water, hygiene, and energy services company is being heavily bought by Bill Gates. Mr. Gates has purchased around a million shares across several transactions in the last 30 days. His purchase price was between $134.00 and $137.00 per share. - [By ]
Ecolab (ECL) : "That's a terrific situation that I want you to buy more of if it comes down."
PTC (PTC) : "Not my cup of tea but I understand it's in the sweet spot of tech."
- [By ]
In the Lightning Round, Cramer was bullish on Goldman Sachs (GS) , Berkshire Hathaway (BRK.B) , Ecolab (ECL) , PTC (PTC) , Arista Networks (ANET) , U.S. Concrete (USCR) and Masco (MAS) .
Best Gold Stocks For 2019: Flanigan's Enterprises Inc.(BDL)
Advisors' Opinion:- [By Lisa Levin] Gainers Blink Charging Co. (NASDAQ: BLNK) shares jumped 26.5 percent to $6.9042. Blink Charging reported Q1 net income of $2.2 million, versus a year-ago net loss of $3.1 million. Eleven Biotherapeutics, Inc. (NASDAQ: EBIO) shares climbed 17.4 percent to $3.11. Eleven Biotherapeutics posted a Q1 loss of $0.11 per share. Flanigan's Enterprises, Inc. (NYSE: BDL) shares jumped 17 percent to $27.97 following Q2 results. Flanigan's Enterprises posted Q2 earnings of $0.75 per share on sales of $29.456 million. Borqs Technologies, Inc. (NASDAQ: BRQS) rose 15.8 percent to $8.05 after reporting Q1 results. Abaxis, Inc. (NASDAQ: ABAX) jumped 15.3 percent to $82.75. Zoetis Inc. (NYSE: ZTS) announced plans to acquire Abaxis for $83 per share in cash. 21Vianet Group, Inc. (NASDAQ: VNET) gained 15.1 percent to $6.33. Gemphire Therapeutics Inc. (NASDAQ: GEMP) rose 13.8 percent to $6.27. Enphase Energy, Inc. (NASDAQ: ENPH) gained 12.8 percent to $5.98. H.C. Wainwright initiated coverage on Enphase Energy with a Buy rating. PetIQ Inc (NASDAQ: PETQ) shares surged 12.1 percent to $21.68 after reporting a first-quarter sales beat. NF Energy Saving Corporation (NASDAQ: NFEC) climbed 11.6 percent to $2.399. Allied Healthcare Products, Inc. (NASDAQ: AHPI) surged 11.4 percent to $3.0643. Boot Barn Holdings, Inc. (NYSE: BOOT) gained 11.1 percent to $24.40 after the company reported upbeat results for its fourth quarter and issued strong first-quarter earnings guidance. Ascena Retail Group, Inc. (NASDAQ: ASNA) rose 10.9 percent to $3.16. Sea Limited (NYSE: SE) gained 10.1 percent to $11.71 after reporting Q1 results. GEE Group, Inc. (NYSE: JOB) climbed 7.9 percent to $2.61 following Q2 results. The ONE Group Hospitality, Inc. (NASDAQ: STKS) gained 7.6 percent to $2.41 after reporting Q1 results. Biolinerx Ltd/S ADR (NASDAQ: BLRX) rose 7.3 percent to $0.8798 after the company was granted a patent approval. The clinical-st
Best Gold Stocks For 2019: Mallinckrodt plc(MNK)
Advisors' Opinion:- [By Ethan Ryder]
Oppenheimer restated their hold rating on shares of Mallinckrodt (NYSE:MNK) in a report issued on Tuesday.
A number of other research analysts have also recently commented on MNK. Morgan Stanley lowered their price target on Mallinckrodt from $27.00 to $14.00 and set an equal weight rating on the stock in a report on Wednesday, May 9th. Canaccord Genuity set a $14.00 price target on Mallinckrodt and gave the stock a hold rating in a report on Tuesday, May 8th. B. Riley began coverage on Mallinckrodt in a report on Wednesday, May 2nd. They issued a neutral rating and a $15.00 price target on the stock. Mizuho reissued a hold rating and issued a $15.00 price target on shares of Mallinckrodt in a report on Thursday, May 3rd. Finally, Barclays set a $12.00 price target on Mallinckrodt and gave the stock an underweight rating in a report on Wednesday, May 9th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. Mallinckrodt currently has an average rating of Hold and an average price target of $31.26.
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Cramer was bearish on Melco Resorts (MLCO) , Tallgrass Energy Partners (TEP) , Mallinckrodt (MNK) , Roku (ROKU) and Scotts Miracle-Gro (SMG) .
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
- [By Paul Ausick]
Mallinckrodt PLC (NYSE: MNK) traded down about 3.5% Friday to post a new 52-week low of $11.65 after closing Thursday at $12.07. The stock’s 52-week high is $49.12. Volume was about 10% below the daily average of around 3.9 million shares. The company had no specific news.
- [By Lisa Levin] Companies Reporting Before The Bell Dean Foods Company (NYSE: DF) is projected to report quarterly earnings at $0.11 per share on revenue of $1.85 billion. Discovery, Inc. (NASDAQ: DISCA) is expected to report quarterly earnings at $0.44 per share on revenue of $1.99 billion. Jacobs Engineering Group Inc. (NYSE: JEC) is estimated to report quarterly earnings at $0.89 per share on revenue of $3.63 billion. Henry Schein, Inc. (NASDAQ: HSIC) is expected to report quarterly earnings at $0.92 per share on revenue of $3.17 billion. Gartner, Inc. (NYSE: IT) is projected to report quarterly earnings at $0.57 per share on revenue of $926.18 million. The AES Corporation (NYSE: AES) is estimated to report quarterly earnings at $0.24 per share on revenue of $2.98 billion. Expeditors International of Washington, Inc. (NASDAQ: EXPD) is projected to report quarterly earnings at $0.64 per share on revenue of $1.71 billion. US Foods Holding Corp. (NYSE: USFD) is expected to report quarterly earnings at $0.32 per share on revenue of $5.98 billion. DISH Network Corporation (NASDAQ: DISH) is expected to report quarterly earnings at $0.7 per share on revenue of $3.50 billion. Zebra Technologies Corporation (NASDAQ: ZBRA) is estimated to report quarterly earnings at $2.06 per share on revenue of $936.98 million. Camping World Holdings, Inc. (NYSE: CWH) is expected to report quarterly earnings at $0.42 per share on revenue of $1.06 billion. Perrigo Company plc (NYSE: PRGO) is projected to report quarterly earnings at $1.14 per share on revenue of $1.21 billion. Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) is estimated to report quarterly earnings at $0.28 per share on revenue of $23.80 billion. JD.com, Inc. (NYSE: JD) is projected to report quarterly earnings at $0.18 per share on revenue of $15.65 billion. Valeant Pharmaceuticals International, Inc. (NYSE: VRX) is projected to report quarterly earnings at $0.6 per share o
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Mallinckrodt (MNK) : "They had a better-than-expected quarter, but I am worried and I'm staying away."
Roku (ROKU) : "I thought they had a good quarter, but I'm concerned with Amazon (AMZN) coming in."
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