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...And who's down

Snacks / Monday, April 29, 2019

Barbie carries the team... Her sales jumped 7% and Hot Wheels rose 4%. Mattel has survived 2018's play-pocalypse (driven by the Toys 'R' Us bankruptcy), but it's also recalling Fisher-Price sleepers linked to 30 infant deaths.

Classic Tesla combo... First, Elon's Autonomy Investor Day revealed his (aggressive) plan for 1 million robotaxis by 2020. Two days later, Tesla announced last quarter's loss was four times what analysts expected and it's down to just $2.2B in cash.

Worst week of the year of the pig... for Chinese stocks. The Shanghai stock index dropped 6% even though the country's GDP growth beat economists' expectations. One big worry: That economic growth is increasingly driven by government-supported real estate development. It can't go on forever.

Two big thermometers... Construction equipment can be a hefty measurement of the world's economic health — And Caterpillar sales slowed in every region on Earth except North America. Meanwhile, Harley-Davidson's weaknesses reflect trade war drama — Profits fell 27% last quarter for the bike victim of retaliatory tariffs.

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