Hasbro, Inc. (HAS)’s Shares Dropped Because Of Chinese Materials, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Discussed As He Commented On Big Tech. Hasbro, Inc. (NASDAQ:HAS) is one of the stocks Jim Cramer recently discussed.

Hasbro, Inc. (NASDAQ:HAS) is one of the most popular toy companies in America. The shares have gained 33% year-to-date as the firm has benefited from tailwinds such as strong quarterly earnings and robust analyst coverage. The most recent catalyst for Hasbro, Inc. (NASDAQ:HAS)’s shares was its second quarter earnings report, which sent them down by 2.3%. The stock fell after investors fretted about tariff impacts despite a solid set of results. Cramer used Hasbro, Inc. (NASDAQ:HAS) as an example of the uncertainty plaguing the markets right now:

“And I would point you toward Hasbro, which was up gigantically earlier. And doing so well and then reverses because they have a lot of Chinese materials that are gonna be tariffed.”

Previously, Cramer commented on Hasbro, Inc. (NASDAQ:HAS) being part of an idea-driven market:

“So Goldman recommends Hasbro, which has been up ridiculously. And it goes up another two! We are in an idea-driven market. . .”

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Disclosure: None. This article is originally published at Insider Monkey.