** Shares of toy manufacturers Mattel MAT.O and Hasbro HAS.O slip in premarket trading on potential exposure to recent trade tariffs
** On Sunday, President Donald Trump imposed sweeping levies on Mexico, Canada and China that will affect billions of dollars of trade
** Barbie parent MAT and Funko FNKO.O down about 3% each; Monopoly maker HAS falls 2.6% before the bell
** D.A. Davidson analyst Linda Bolton Weiser says Mattel's stock most exposed to tariff news with China making up 40% of company's sourcing, though below industry average of over 80%
** Hasbro management's target to get China exposure down to about 20% in 2 to 4 years will face increased urgency for HAS' suppliers to build alternate locations, Weiser adds
** About 33% of FNKO's products are manufactured in China with Loungefly, which is already under tariffs, representing 10 percentage points of that - D.A. Davidson analyst
** Mattel reports Q4 results after markets close on Tuesday with analysts watching to identify a potential inflection point
** Across 2024, MAT stock fell ~6%, Hasbro rose 9.5%, and FNKO jumped 73%
(Reporting by Savyata Mishra in Bengaluru)
((Savyata.Mishra@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.