Mattel (MAT.US) stock rose over 12% during today's session after the toy maker reported better than expected quarterly results. Mattel earned 53 cents per share and crushed analysts’ estimates of 30 cents per share. Revenue climbed 8% to $1.75 billion, beating estimates for $1.66 billion. Company also issued an upbeat 2022 outlook as it believes that robust demand for its Barbie dolls and other toys will help it weather supply chain disruptions. For the current year the company expected revenue climbing between 8% and 10% compared to 2021. Mattel has no plans to restart issuing a dividend. Instead, it's using its current capital allocation to invest in growth areas.
Mattel (MAT.US) stock rose sharply during today's session to $25.20, which is marked by the upper limit of the 1:1 structure and is the highest level since February 2017. The nearest support lies at $23.10 and coincides with the earlier broken upper limit of the triangle formation. Source: xStation5
Market Wrap: Rebound in China and Falling Oil Prices, France Leads EU Declines
Chart of the Day: What’s next for tech stocks after the deepest sell-off since April 2025? (19.10.2026)
Economic Calendar: Big tech earnings week and test for the AI rally (19.10.2026)
Morning Wrap: Nasdaq rebounds ahead of Mag7 earnings, bonds regain favour, oil falls from peak (19.10.2026)