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☆ Buy these stocks for 'outsized' performance in a bull market, Bank of America says
▼ + stars: | 2024-03-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Investors can still find names with plenty of upside potential, even as stocks leap to fresh highs, according to Bank of America. They include CrowdStrike, Emerson Electric, Progressive, Rollins and O'Reilly Automotive. Rollins "This stock is the bees knees and still a Buy," analyst Jason Haas said of the pest control provider. Progressive PGR may arguably be the least volatile stocks in the S & P 500 that can deliver outsized stock performance. … We see limited risk to Rollins' growth trajectory-from a soft housing market, recession, competition, or weather-and therefore believe the stock deserves a premium multiple."

Persons: Rollins, Andrew Obin, Emerson, Obin, it's, Jason Haas, Haas, Joshua Shanker, Shanker, O'Reilly, … Emerson, … Organizations: Bank of America, CNBC, CrowdStrike, Emerson Electric, Progressive, O'Reilly Automotive, Emerson, National Instruments, ORLY Locations: Bank, Pest, downturns, ORLY

☆ Analysts increasingly believe this retailer is the top holiday pick
▼ + stars: | 2023-11-30 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Analysts on Wall Street think Five Below is the retail stock investors should be buying as the holiday shopping season picks up steam. The report underpins a broader bullish trend for the retailer, analysts say, which is a more cost-sensitive consumer who is partial toward bargain hunting. Analyst Jason Haas noted the popularity of Five Below could improve further as shoppers gear up for the Christmas holiday. FIVE becomes most needs-based during the holiday season and the rollout of Five Beyond (products $6-25) better positions it in the gift-giving category." "All in, we think FIVE is well positioned to outperform in the current environment and will gain share behind several catalysts (e.g.

Persons: Jason Haas, Haas, Krisztina Katai, Katai, Morgan Stanley's Simeon Gutman, Gutman, — CNBC's Michael Bloom Organizations: LSEG, Bank of America, Deutsche Bank

☆ Magic: The Gathering is a victim of its own success and could weigh on Hasbro stock, Bank of America says
▼ + stars: | 2023-10-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hasbro stock plunged 16% after it reported third-quarter earnings that missed analyst estimates. The toy company also lowered its revenue guidance, suggesting a weak holiday quarter ahead. Bank of America downgraded Hasbro to "Neutral" and said its Magic: The Gathering franchise is a victim of its own success. Hasbro stock is down 16% since it reported its earnings results on Thursday, and is down 37% since its early-September high. Bank of America downgraded Hasbro to "Neutral" and slashed its price target from $90 to $53.

Persons: —, Jason Haas, Haas, We're, Tim Kilpin's Organizations: Hasbro, Bank of America, Service, Wizards, Coast, & Dragons

☆ Nike is among the most overbought stocks in the S&P 500. Here are the others
▼ + stars: | 2023-10-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

A stock with a 14-day RSI greater than 70 is considered to be overbought and at risk of a pullback. Here are some of the most overbought names: Sports apparel retailer Nike has a 14-day RSI of 81.89, and just under half of analysts covering the stock rate it a buy. Lockheed Martin is another one of the most overbought companies in the S & P 500. The U.S. defense contractor scored a 14-day RSI of 77.69, with a consensus price target implying 6.8% upside. Also on the oversold list is pharmaceutical company Moderna , which has a 14-day RSI reading of 15.5.

Persons: Piper Sandler, Lockheed Martin, Invesco, Jason Haas, Haas, — CNBC's Michael Bloom Organizations: Nike, Dow Jones, CNBC Pro, Insurance, Cardinal Health, Allstate, Humana, Investment, Hasbro, Wall, Bank of America, Monopoly, Moderna, Pfizer, FedEx Locations: U.S, Lowe's

☆ Bank of America upgrades Hasbro, says new 'Magic: The Gathering' cards will boost earnings
▼ + stars: | 2023-07-31 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America thinks Hasbro's dominance in the in-person gameplay sector will be on full display when the company reports earnings on Thursday. The bank upgraded the stock to buy from neutral on Monday, and increased its price target to $85 from $68. "We spoke with several local game stores (LGS), distributors, players, and collectors and were encouraged to hear strong excitement and demand for this set," Haas said. "Collector boxes are currently fetching over $400 on the secondary market and TCGplayer, one of the primary online marketplaces for Magic cards, shows nearly 3x more sell-through than the prior Magic set." HAS YTD mountain Hasbro stock has been little changed from the start of 2023.

Persons: Jason Haas, Haas, — CNBC's Michael Bloom Organizations: of America, Hasbro, FactSet

☆ These 'high quality compounders' are Bank of America's top picks ahead of second quarter earnings
▼ + stars: | 2023-07-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts' at Bank of America have named a host of stocks that are poised to outperform heading into second earnings season. The bank said this week there are several "high quality" buying opportunities that aren't getting enough investor attention. CNBC Pro combed through the top Bank of America research to find analysts' favorite ideas as earnings releases ramp up. They include: Mondelez, SolarEdge , Rollins, Thomson Reuters and Broadcom. Bank of America recently initiated coverage of the stock with a buy rating, calling Rollins "a high-growth compounder through economic cycles."

Persons: SolarEdge, Rollins, Thomson, Jason Haas, Haas, BofA, Julien Dumoulin, Smith, Dumoulin, Heather Balsky, Balsky, Dirk Van de, MDLZ Organizations: Bank of America, CNBC, Thomson Reuters, Broadcom, Rollins, . Bank of America Locations: 2Q23, Europe, U.S

☆ Hasbro stock jumps 12% after revenue from its Magic: The Gathering franchise surges despite concerns of gamer fatigue
▼ + stars: | 2023-04-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hasbro stock surged 12% on Thursday after the company's first-quarter earnings impressed investors. The gaming company said its Magic: The Gathering card franchise is still firing on all cylinders. One Wall Street analyst has been concerned about gamer fatigue as the company continues to roll out new card sets. "There's a lot of wallet fatigue," Brooklyn-based Action City Comics owner Eric LaGaccia told Insider. But for now, that wallet fatigue among a certain group of Hasbro's core customers isn't enough to slow down what has become one of its top-selling brands.

☆ Magic: The Gathering remains a 'key risk' for Hasbro stock as collectors grow cautious on investing in new card sets
▼ + stars: | 2023-04-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hasbro stock faces challenges with Magic: The Gathering, according to Bank of America. The bank said stores and collectors have grown more cautious about investing in new product sets of the game. "We still see Magic underperformance as a key risk especially in 2H23 as Hasbro laps a crowded release schedule," BofA said. And it's that "wallet fatigue" that could hurt the sales growth of Magic: The Gathering for Hasbro going forward, according to BofA analyst Jason Haas. He reiterated an "Underperform" rating on Hasbro stock and $42 price target, which represents potential downside of 19% from current levels.

☆ Frustrated Magic: The Gathering fans say Hasbro has made the classic card game too expensive
▼ + stars: | 2023-02-09 | by ( Travis Clark | Max Adams | ) www.businessinsider.com time to read: +6 min

Magic: The Gathering fans are upset with how much product Hasbro has been releasing. Some game shop owners have had to sell cards at a lower cost — meaning they lose money and Magic loses value. At this point, given the huge costs to keep up with the game, fans felt that they were rightly concerned that Magic was becoming a luxury hobby. Hasbro's Magic: The Gathering strategy has alienated a lot of longtime fans, LaGaccia said, which has left many game shops with unsold product. Some fans have moved on from Magic to other card gamesSome Magic: The Gathering fans have found alternatives.

☆ Hasbro 'continues to destroy customer goodwill' and the stock could crash 29% as it dilutes the value of Magic: The Gathering, Bank of America says
▼ + stars: | 2023-02-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Hasbro stock has 29% downside potential as it continues to dilute the brand value of Magic: The Gathering. That's according to Bank of America, who reiterated its "Underperform" rating on the stock in a Tuesday note. "Within its Wizards segment, Hasbro continues to destroy customer goodwill by trying to over-monetize its brands." According to BofA, Hasbro continues to over-monetize the brands within its Wizards segment, which includes Magic: The Gathering and Dungeons & Dragons. "Within its Wizards segment, Hasbro continues to destroy customer goodwill by trying to over-monetize its brands," Bank of America said.

☆ This 'best-in-class' western retailer can rally more than 30% as consumers buy country fashion, Bank of America says
▼ + stars: | 2023-01-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Shares of under-the-radar foot and apparel retailer Boot Barn can surge as consumers buy up western wear, Bank of America said Friday. "Boot Barn has a multi-year runway to grow its store count and take share in the fragmented western, work, and country lifestyle footwear and apparel market," he wrote, calling Boot Barn a "best-in-class western footwear and apparel" retailer. "With larger scale comes better pricing, better selection, more exclusive brands, and better customer service." Boot Barn is benefitting from a pandemic-induced migration to rural areas, and booming interest in cowboy boots and western apparel, Haas said. "While still 'in-style,' we're concerned that this trend has peaked and expect a decline in Boot Barn's ladies' fashion boots and apparel going forward," he wrote.

☆ Hasbro defends Magic: The Gathering strategy, says 'there is no evidence' cards are overprinted
▼ + stars: | 2022-12-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Photographer: Mark Abramson/Bloomberg via Getty ImagesHasbro is defending its strategy for its popular Magic: The Gathering game. Williams said the company typically spreads out its tentpole releases of Magic: The Gathering card sets in two-month intervals. She said Hasbro prints and reprints cards based on demand both during presales and once the product has been released. But Cocks said that he doesn't think raising prices on Magic cards is the answer to expanding the business over the long term. Hasbro's most engaged Magic players are those who play both online and in-person at local game shops or with friends.

☆ Hasbro CEO says inflation won't ruin Christmas but Wall Street is worried
▼ + stars: | 2022-11-23 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

New York CNN Business —The holidays are rapidly approaching, and for the toy company Hasbro, a slowing economy could be a proverbial Grinch that steals Christmas. Before joining Hasbro, Cocks was an executive at Microsoft (MSFT) from 1999 through 2006 and 2008 through 2016. Cocks said Hasbro is investing “significantly” in digital toys, particularly digital versions of classic Hasbro board games like “Monopoly” and “Scrabble” as well as D&D and the company’s “Magic: The Gathering” game. It’s definitely been a boon for the game,” Cocks said. “If there’s a couple of truisms in life, there’s death, there’s taxes, and there’s parents wanting to have a great holiday for their kids.”

☆ Hasbro is 'killing its golden goose' by destroying the long-term value of Magic: The Gathering, BofA says in scathing downgrade call
▼ + stars: | 2022-11-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hasbro stock received a double downgrade from Bank of America on Monday due to its management of the popular Magic: The Gathering card game. The bank said Hasbro is overprinting Magic cards which is destroying its long-term value. BofA's downgrade is driven by Hasbro's overprinting of Magic cards, which is "destroying its long-term value" and "killing its golden goose." In a bid to keep up with growth, Hasbro had more frequent card set release with more product in each release. Hasbro stock is down 44% year-to-date.

☆ Bank of America says Hasbro could fall 34% as company 'kills' 'Magic: The Gathering' card game
▼ + stars: | 2022-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Hasbro is trying to squeeze extra money out of "Magic: The Gathering" fans in the short term, Bank of America says. Analyst Jason Haas downgraded the toy stock to underperform from buy as recent changes to the "Magic" cards brand amount to Hasbro "killing its golden goose." The toy company has tried to capitalize on that demand by upping the number of new releases and production volumes. Reprints can hurt the secondary-sale market because the packs include cards from the "Reserved List," which is a group of cards Hasbro previously promised to never reprint. Meanwhile, Haas said Hasbro could improve its outlook if it has a better slate of releases next year.

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