Mattel (NASDAQ: MAT) stock jumped sharply following a strong fourth-quarter earnings report on Feb. 9. Sales and profits were much better than investors expected, but most importantly, the Hot Wheels maker sees strong sales performance continuing in the near term, despite supply chain issues and higher consumer prices.
The stock is currently up 8.8% since reporting earnings, but management is now switching gears to driving long-term growth, and the stock still looks dirt cheap.
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Mattel Stock Up 9% After Earnings: Why It's Still a Buy