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Afternoon Note

Barbie is Back

By Charles Payne, CEO & Principal Analyst
2/8/2019 1:18 PM

The market has been sluggish all session long, but its holding.  I think we could see buyers emerge even going into a weekend with lots of unanswered questions and the clock ticking faster and louder.

But I think there will be news next week that mitigates two key headwinds:

Trade Talks

This statement today is noticeable because it leaves off Peter Navarro and suggest the intent to have a framework in place for President Trump and President Xi to meet and come to a deal.

Statement from the Press Secretary:  Issued: February 8, 2019

Today, President Donald J. Trump announced the members of an official United States delegation to China to discuss the trade relationship between the two countries. United States Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin travel to Beijing for principal-level meetings that will take place from February 14 through February 15, 2019. These meetings will be preceded by deputy-level negotiations that will begin on February 11, 2019, led by Deputy United States Trade Representative Jeffrey Gerrish.

Border Wall/Shutdown Talks

Encouraging signs from lawmakers and their representatives hinting at a major deal announced over the weekend or on Monday. 

Message of Market

Right now, only utilities are higher but selling is largely benign in all sectors other than energy.

S&P 500 Index


Communication Services (XLC)


Consumer Discretionary (XLY)


Consumer Staples (XLP)


Energy (XLE)


Financials (XLF)


Health Care (XLV)


Industrials (XLI)


Materials (XLB)


Real Estate (XLRE)


Technology (XLK)


Utilities (XLU)


Toyland: Barbie and Hot Wheels Rock

Barbara Millicent Roberts aka “Barbie” is back.  Born on March 9, 1959, in the town of Willows, Wisconsin, Barbie became a rite of passage for children for decades.  Recently, however, sales plunged as appeal waned. 

Mattel (MAT) gave the doll a makeover, and demand has returned sending sales up 19% in North America and 10% internationally.   It’s interesting that Barbie is a reflection of America’s golden years and coming back in vogue.

Conversely, Hasbro (HAS) saw its full year revenue -12%.

North America



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