Today’s Research Reports on Stocks to Watch: World Wrestling Entertainment and Hasbro
NEW YORK, NY / ACCESSWIRE / December 14, 2017 / Shares of Hasbro closed up yesterday despite any positive news. Both Hasbro and rival toymaker Mattel have announced that sales would be weak this holiday season. World Wrestling Entertainment Inc. has partnered with Facebook to bring new exclusive streaming content to Facebook Watch.
RDI Initiates Coverage on:
Hasbro, Inc.
https://rdinvesting.com/news/?ticker=HAS
World Wrestling Entertainment, Inc.
https://rdinvesting.com/news/?ticker=WWE
Hasbro, Inc. shares closed up 3.73% on Wednesday with nearly 2.2 million shares traded. There was no remarkable news from the company yesterday but rival Mattel announced recently in a filing that sales in the holiday season are expected to decline by a mid to high single-digit percentage. Mattel said in its filing that it "will continue to be negatively impacted by key retail partners moving toward tighter inventory management." Hasbro also recently said its holiday sales would be affected by the recent Toys 'R' Us bankruptcy. It was last week that Hasbro announced that its Board of Directors has declared a quarterly cash dividend of $0.57 per common share which will be payable on February 15, 2018, to shareholders of record at the close of business on February 1, 2018.
Access RDI’s Hasbro, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HAS
World Wrestling Entertainment, Inc. shares closed up 4.39% on nearly 1.8 million shares traded. It was announced that WWE will be partnering up with Facebook to bring new exclusive streaming content to Facebook Watch. The social networking giant will have exclusive rights to WWE’s new series "Mixed Match Challenge," a weekly show that will begin airing on Facebook’s streaming platform starting on Jan. 16, 2018, at 10 p.m. following "SmackDown Live on the USA Network. Facebook is paying WWE for the distribution rights to 'Mixed Match Challenge,' but reps declined to disclose the terms of the agreement," said a report in Variety. The report said, "After an unspecified window on the social platform, WWE will have the option to distribute the series as VOD on its over-the-top subscription streaming platform, WWE Network." JPMorgan analyst David Karnovsky said earlier this month, "With unique entertainment assets and global fan appeal, we believe WWE is well positioned to monetize its video content amid a fragmenting media landscape of television networks, distributors, and technology platforms all seeking differentiation."
Access RDI’s World Wrestling Entertainment, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WWE
Our Actionable Research on Hasbro, Inc. (NASDAQ: HAS) and World Wrestling Entertainment, Inc. (NYSE: WWE) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
