Hasbro Jumps, Texas Instruments Plunges, Enphase Energy Falls on Market Forecast
On this episode of Stock Movers:
- Hasbro (HAS) shares jump after the toy company reported better-than-expected results for its second quarter, and boosted its full-year forecasts. This comes after after a record quarter for its Magic: The Gathering card game.
- Texas Instruments (TXN) shares plunge after the company issued a third-quarter forecast that was more guarded than some investors had anticipated. The main concern is whether tariffs and trade disputes will hurt a sales resurgence, with executives acknowledging they don't know how much of the 16% revenue jump came from tariff-related "pull in."
- Enphase Energy (ENPH) shares fall after the company said it sees the nation’s residential market shrinking 20% next year as tax credits for homeowners end under President Donald Trump’s economic legislation. Analysts at BloombergNEF expect residential solar installations to increase about 13% this year, but see the market shrinking by 35% in 2026.
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