ECONOMIC SILUET: Watch these casino stocks, Mattel and these ETF plays on Europe in tomorrow’s trading

Rabu, 08 Februari 2023

Watch these casino stocks, Mattel and these ETF plays on Europe in tomorrow’s trading

WED, FEB 08, 2023

The goal of this newsletter is to get you ahead of the next day of investing and trading. It's your first look at tomorrow and last look at today powered by the team of people who direct CNBC TV's stock market coverage.

Tomorrow's Top CNBC Stories Tonight

Big wins for gambling names

Wynn Resorts and MGM Resorts hit all-time fourth quarter and one-year records in terms of EBITDAR, which is a big metric for how the casino industry is judged on quarterly reports. EBITDAR is earnings before interest, taxes, depreciation, amortization and restructuring or rent costs.
MGM is up 5% after hours.
Wynn is up 3% after hours.
MGM is up 23% in 2023.
Wynn is up 25.5% in 2023.
But as far as the gambling stocks, DraftKings is up 55% in 2023. Sportradar is up 29% in 2023. Caesars Entertainment is also up 29% in 2023.

Holiday disappointment for Mattel

Sales were disappointing for Mattel during the holidays, another sign of problems in the toy industry.
Hasbro warned of the same problem a few weeks ago.
Mattel was down as much as 12% after hours this evening.
Since the day after Thanksgiving, Mattel is flat and Hasbro is down 5%.
Over the past 12 months, Hasbro is down 35% and Mattel is down 6.4%.
Mattel's CEO blamed the macro environment but said he grew net sales. He said consumers were negatively impacted by the economy.

ETFs to play European markets

The FTSE 100 Index hit an all-time high today. It is up 5% so far in 2023.
The iShares MSCI United Kingdom ETF (EWU), which tracks a large range of listed British companies, is still 8% from the high. It's also up 5% in 2023.
France's CAC 40 index is up 10% in 2023.
The German DAX index is up 10.7% so far in 2023.
The iShares Core MSCI Europe ETF (IEUR), the Vanguard European Stock Index Fund ETF (VGK), and the iShares Europe ETF (IEV) are ways to get exposure to developed markets in Europe like the United Kingdom, France and Germany through ETFs. All are still up 9% from their highs, but they're also up 9% in 2023.

Fresh high for an insurance ETF

CNBC's data chief Gina Francolla pointed it out earlier this morning, but the SPDR S&P Insurance ETF (KIE), which is a key insurance stock ETF, reached a new high today.
It is up 7% in 2023.
Within the ETF, Kemper is the leader. It's up 36% in 2023.
Cincinnati Financial is second. It's up 25% in 2023.
W.R. Berkley, AIG, Chubb, Aflac and MetLife are all at the bottom. All are down so far this year, but in the single-digit range.

Standouts among industrials

The S&P Industrials are up 4% in 2023, ranking seventh out of the 11 sectors.
Airlines like United and American lead the way. Both are up more than 30%.
Cummins is in the middle of the pack, up 2% in 2023. CEO Jennifer Rumsey will speak with Seema Mody on CNBC Thursday.
The stock is in the top third of the sector over the past year, up 10%.