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⚡🧃 “The energy drink stock up 4,000%” — Celsius’ lucky surge. Barbie & Ken’s GDP surprise. Ford’s negotiation lesson.
Oct 27, 2023
Celsius Energy Drink's 4,000% stock increase over 5 years is explored, along with Mattel's strong earnings and America's GDP growth. Ford's negotiation tactics in reaching a deal with the auto union are discussed. The podcast also highlights the importance of life insurance for parents and includes shoutouts and stock talk.
19:55
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Quick takeaways
- Barbie's strong sales drove Mattel's record earnings, but stock fell due to concerns about slower toy sales indicating a weak economy.
- Ford's labor deal with the auto union showcases the power of anchoring high in negotiations and the willingness to walk away for a favorable outcome.
Deep dives
Barbie Sales Boost Mattel's Earnings, Stock Falls
Mattel reported record sales in the third quarter, driven mainly by Barbie and Hot Wheels. Barbie doll sales reached $605 million, up 16% from last year. However, despite the strong earnings, Mattel's stock fell 7% as they forecasted flat holiday sales. The stock market looks forward and investors are concerned about slower toy sales, which could be a signal for the overall economy.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode