Mattel is set to surge after recent turnaround, Bank of America says

Mattel is through its turnaround and is now in growth mode, making this a good time to snap up shares of the toy company, according to Bank of America. Bank of America initiated coverage of Mattel with a buy rating and a $31 price target, 32% above where shares closed Wednesday. Mattel has worked in … Read more

Blumhouse is no longer producing Mattel’s Magic 8 Ball movie

Magic 8 Ball by Mattel Source: Amazon Blumhouse is no longer a producing partner of Mattel’s planned Magic 8 Ball film. On Friday, co-founder and producer Jason Blum told CNBC that the horror production power house was no longer attached to the toymaker’s project. “We developed it for a while, but we are no longer … Read more

Wall Street banks name their top growth stocks

Growth stocks have been slammed this year amid a broad bear market slump, but a slew of Wall Street banks believe the tide is now turning. Investors had rotated out of growth stocks — such as tech — and into value as soaring inflation and rising interest rates sent them clamoring for safer bets in … Read more

Snap, American Express, Verizon, Seagate and more

Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as growth in travel and entertainment spending helped American … Read more

Meta, Qualcomm, Ford, PayPal and more

Woman holds smartphone with Meta logo in front of a displayed Facebook’s new rebrand logo Meta in this illustration picture taken October 28, 2021. Dado Ruvic | Reuters Check out the companies making headlines after the bell:  Meta Platforms — Meta Platforms’ stock surged more than 17% in extended trading after reporting a beat on … Read more

Disney, Uber, Coca-Cola and more

A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Coca-Cola – Shares of beverage giant rose 1% after it topped analysts’ expectations in its … Read more

This is a treacherous market filled with extreme stock moves

CNBC’s Jim Cramer on Friday offered viewers his game plan for the next five trading days on Wall Street. The “Mad Money” host’s lookahead came after the S&P 500 and Nasdaq Composite posted their best weeks so far in 2022, finishing 1.5% and 2.4% higher, respectively. “This week we saw the true colors of what … Read more