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  1. Home
  2. / Investing
  3. / Healthcare

Trending Tickers: HAS, ANTM, DVN, SWN

Hasbro shares spike on news of a better-than-expected earnings thanks to robust sales growth among girls' toys.
By JAMES PASSERI Oct 17, 2016 | 12:21 PM EDT
Stocks quotes in this article: HAS, ANTM, CI, DVN, SWN

Hasbro (HAS)  shareholders can thank the popularity of the Disney Princess and Disney's Frozen dolls and accessories for the 7% spike in the toymaker's shares in midday trading Monday.

The Pawtucket, R.I.-based company booked better-than-expected earnings for its third quarter Monday, in which earnings of $2.03 per share topped consensus estimates by 16% as sales of $1.68 billion also beat forecasts by about 8%. Sales of toys aimed at girls climbed by 57% to $462 million year over year, compared to a 2% gain in the boys' product line to $606 million.

"2016 has been a strong year, including our third quarter -- which marked the greatest revenue and earnings quarter in Hasbro's history," CEO Brian Goldner said in a statement. "We are well positioned for what we believe will be a good holiday season."

Meanwhile, shares of insurance giant Anthem (ANTM)  were down more than 2% after JPMorgan analysts cut their rating on the Indianapolis-based company's stock to Neutral from Overweight, citing concerns of the company's exposure to fleeting demand among individual exchanges. JPMorgan also cut the price target on Anthem stock to $132 from $154, noting the company also has a slim chance of getting near-term approval for its proposed tie-up with Cigna (CI) .

And a slip in oil prices by more than 1% to under $50 a barrel helped pull down overall U.S. markets, which fell slightly as oil and gas stocks dipped. Shares of Oklahoma City-based Devon Energy (DVN) and Houston-based Southwestern Energy (SWN) , a member of Real Money's Stressed Out watch list, fell to the bottom of the S&P 500 in midday trading, with shares each down about 3%.

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TAGS: Investing | U.S. Equity | Healthcare | Consumer Discretionary | Earnings | Markets | Stocks

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