Jim Cramer Rediscovers Love For Magnificent 7 & Discusses These 11 Stocks

Page 2 of 10

9. Hasbro, Inc. (NASDAQ:HAS)

Number of Hedge Fund Holders In Q4 2024: 39

Hasbro, Inc. (NASDAQ:HAS) is one of the most iconic and well-known American toy companies. Its shares are up by 7.6% year-to-date after having successfully navigated through a 19% post-Liberation Day drop. Hasbro, Inc. (NASDAQ:HAS)’s stock jumped by 14.5% in April after the firm’s Q1 earnings and revenue beat estimates. However, Cramer is worried about its exposure to China. He commented on the firm’s efforts to diversify the supply chain:

“Look, I’ve got Hasbro tonight. And they’ve got huge, I mean toys are made in China, we don’t really have, David, what’s called a supply chain, to make a toy here.”

“Chris Cox is probably maybe in the, I don’t know, top 20, of trying to re-source things. A lot of plastic, they make board games up in Massachusetts, but they don’t make a lot of plastic there. That’s all China, it’s all supply chain. It’s hard to get rid of.”

Page 2 of 10