US Military Is Giving Your Tax Dollars To LEGO... Here's Why
Portfolio Pulse from Aaron Bry
LEGO has secured a $2 million contract from the Department of Defense for its robotics education program. The program allows students to learn about robotics and coding at an early age. While LEGO is privately owned, exposure to the expanding toy industry can be gained through publicly traded companies like Mattel Inc (NASDAQ:MAT) and Hasbro, Inc (NASDAQ:HAS). Mattel’s stock has risen by about 20% in the last month, while Hasbro’s stock has not performed as well.
July 21, 2023 | 7:54 pm
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POSITIVE IMPACT
Mattel's stock has risen by about 20% in the last month, potentially due to anticipation of the upcoming Barbie movie.
The news of LEGO's contract with the Department of Defense highlights the potential for growth in the toy industry. As a major player in this industry, Mattel may benefit from this trend. The recent rise in Mattel's stock price may also be due to anticipation of the upcoming Barbie movie.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Hasbro's stock has not performed as well as Mattel's in the last month.
While the news of LEGO's contract with the Department of Defense highlights the potential for growth in the toy industry, Hasbro's stock has not performed as well as Mattel's in the last month. This could be due to a variety of factors, including company-specific issues or market trends.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70