Hasbro, Inc. (HAS)'s Shares Dropped Because Of Chinese Materials, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Discussed As He Commented On Big Tech. Hasbro, Inc. (NASDAQ:HAS) is one of the stocks Jim Cramer recently discussed.

Hasbro, Inc. (NASDAQ:HAS) is one of the most popular toy companies in America. The shares have gained 33% year-to-date as the firm has benefited from tailwinds such as strong quarterly earnings and robust analyst coverage. The most recent catalyst for Hasbro, Inc. (NASDAQ:HAS)’s shares was its second quarter earnings report, which sent them down by 2.3%. The stock fell after investors fretted about tariff impacts despite a solid set of results. Cramer used Hasbro, Inc. (NASDAQ:HAS) as an example of the uncertainty plaguing the markets right now:

“And I would point you toward Hasbro, which was up gigantically earlier. And doing so well and then reverses because they have a lot of Chinese materials that are gonna be tariffed.”

Previously, Cramer commented on Hasbro, Inc. (NASDAQ:HAS) being part of an idea-driven market:

“So Goldman recommends Hasbro, which has been up ridiculously. And it goes up another two! We are in an idea-driven market. . .”

While we acknowledge the potential of HAS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.