Adviser Investments' Srock Market Analysis: Mattel Earnings Report

Mattel Soars 23% on Strong Quarterly Earnings

Charlie Toole, vice president at Adviser Investments, has the market analysis for Friday, February 8. With little economic data to drive markets, major U.S. stock indexes saw minimal movement today. Meanwhile, Mattel’s stock surged 23% on fourth-quarter earnings that surpassed both revenue and profit expectations. Elsewhere in entertainment, video game designer Electronic Arts gained 16% after launching Apex Legends. Goodyear Tire & Rubber, on the other hand, fell more than 9% after missing both sales and profit expectations as a result of disappointing emerging-market sales.

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