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MAT News6 articles
Take-Two Climbs as GTA VI Hype Fuels $8.1B Bookings Forecast
Take-Two Interactive (TTWO) shares jumped 2.87% to $253.57 on strong volume, extending gains after Q1 results beat guidance. The company reaffirmed its fiscal 2027 bookings forecast of $8.0-$8.2 billion, driven by anticipation for Grand Theft Auto VI.
Mattel Holds Steady Despite Analyst Downgrades, Buyback Potential Eyed
Mattel shares closed flat for the week at $13.33 despite price target cuts from Goldman Sachs and Citi, as a $200 million buyback program could retire about 5% of shares.
Hasbro Beats Q1 Estimates on Magic: The Gathering Strength
Hasbro reported Q1 revenue of $1 billion and adjusted EPS of $1.47, both above forecasts. Magic: The Gathering fueled a 26% rise in Wizards and Digital Gaming revenue.
Paul Tudor Jones Warns of Negative Decade Returns as Market Cap Hits 252% of GDP
Paul Tudor Jones warns the S&P 500 may deliver negative returns over the next decade as total U.S. stock market capitalization hits a historic 252% of GDP, exceeding pre-Great Depression and dot-com bubble levels.
IPH Launches Share Buyback, ASX Rises on Tech Gains
IPH Limited initiates a share repurchase program for up to 12.23 million shares, coinciding with a market rebound led by technology and healthcare sectors. Several stocks face valuation reassessments amid shifting investor sentiment.
Stocks Rally as Court Overturns Tariffs Amid Mixed Economic Signals
U.S. equities advanced Friday following a Supreme Court ruling invalidating former President Trump's global tariffs, while economic data revealed slowing growth and persistent inflation pressures.