Toy stocks jump on Toys R Us comeback expectations

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Fibo Quantum Scalper

Whether or not Tru Kids will be successful in relaunching ToysR Us will be determined by their management and how they attempt to succeed in an ever so growing online buying environment. If we see a return of US stores, this could be very positive news for toy makers, Hasbro, Mattel, and JAKKS Pacific, Inc. These three companies saw a loss of anywhere between 10-20% loss of revenue when Toys R Us closed up shop. If we see a roadmap to opening up stores, we may see a key bottom put in place for toy companies.

The Nasdaq trades higher by 0.2%, off the session the highs as the markets remain focused on trade negotiations with United States and China.

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Ed Moya

With more than 20 years’ trading experience, Ed Moya is a market analyst with OANDA, producing up-to-the-minute fundamental analysis of geo-political events and monetary policies in the US, Europe, the Middle East and North Africa. Over the course of his career, he has worked with some of the world’s leading forex brokerages and research departments including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including BNN, CNBC, Fox Business, and Bloomberg. He is often quoted in leading print and online publications such as the Wall Street Journal and the Washington Post. He holds a BA in Economics from Rutgers University. Follow Ed on Twitter @edjmoya ‏

Ed Moya

Ed Moya

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