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Mattel, Inc. (NASDAQ:MAT) was among the stocks Jim Cramer discussed in this changing market. During the episode, a caller sought Cramer’s opinion on the stock, and he said:

Okay, the stock’s down 25%. I don’t know about any merger. I don’t know if they, if someone wants to take them private, I’ll say this: Ynon Kreiz is doing a good job. People don’t like the toy business right now. It sells at 11 times earnings. I agree with you. I think the stock should be bought. I think it’s bottoming here. I think you have a good one. I like Mattel at these levels.

Photo by Elena Mishlanova on Unsplash

Mattel, Inc. (NASDAQ:MAT) creates and sells toys, games, and media content featuring famous brands like Barbie and Hot Wheels. Cramer mentioned the stock during the March 11 episode and commented:

Okay, what needs to happen for the stock of Mattel to turn itself around? About a month ago, the iconic toy maker reported what people thought was a disappointing quarter. Stock plunged roughly 25% the very next day. Management said replenishment orders from retailers in the United States slowed in December, which led both Mattel and its retail partners to clear inventory more aggressively. That put pressure on the gross margins going into the holidays. Now, Mattel’s asking investors to think about 2026 differently. They see this as an investment year where they’ll spend an extra $150 million on organic growth initiatives, I like that, especially their digital games business. I really like that.

While we acknowledge the potential of MAT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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