Why Hasbro, Mattel, and Walmart Stock Investors Love President Trump's Latest Tariffs Promise

Was it only Monday that the U.S. stock market was falling apart, the Dow Jones Industrial Average down 1,000 or more points, and economic nightmare just around the bend? Indeed it was, and yet, two straight days of strongly rebounding markets seem to have erased that nightmare from investors' minds, at the same time as it erased losses from their portfolios, and sent stock market averages charging deeply into "the green."In late morning trading Wednesday, 10:55 a.m., the Dow is solidly higher with a 2.6% gain, while the broader S&P 500 and tech-heavy Nasdaq are doing even better, up 3% and 4%, respectively. Notable among the stocks enjoying the euphoria today are three consumer goods companies in particular: toymakers Hasbro (NASDAQ: HAS) and Mattel (NASDAQ: MAT), up 5.1% and 6.6%, respectively, and Walmart (NYSE: WMT) with a 0.9% gain (although Walmart, too, was doing even better, earlier).What's behind the optimism? Mr. Donald J. Trump.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool