TheStreet

Whew. We made it. Happy Fri-yay.

Stocks were mixed on Friday, Feb. 8, as investors increasingly grew concerned that Donald Trump's decision not to meet with Chinese President Xi Jinping before their self-imposed deadline for a trade deal signals a lack of progress in the months-long negotiations.

At the close, the Dow Jones Industrial Average fell 0.25%, or 63 points to 25,106, the S&P 500 rose 0.07%, and the Nasdaq gained 0.14%

Hasbro's Over-Dependence on Disney

Jim Cramer isn't a fan of Hasbro's (HAS) dependence on Disney movies.

Real Money's Kevin Curran studied the toy maker throughout the day on Friday. 

For Hasbro, it's become apparent that an over-reliance on the defunct Toys R Us and the movie slate offered by Disney (DIS) is a key risk. The tie-in to Star Wars, Frozen, and Disney princesses makes the company quite reliant on the entertainment industry buoying results, as evidenced by the earnings disappointment felt without these franchises in the fourth quarter of 2018, Curran reported

However, Mattel's (MAT)  23% surge  on Friday is significantly more encouraging, as it is contingent on no other industry but its own, and is actually leveraging the movie industry to promote its own products that are already seeing strong sales.

In the end, the product is what matters and if there is no need to rely upon other companies to support your products selling, that sustains a strong outlook.

As such, it should be no surprise we're dealing with two very different tales of toy makers.

Cramer's Gameplan

Next week wraps up earnings.

So what's Cramer watching? Seems like Activision Blizzard is on his mind. The company is set to report Wednesday, Feb. 13. 

Many are worried about the video game segment today after Electronic Arts (EA) reported a disappointing quarter and Take-Two (TTWO) gave you a forecast that wasn't insanely positive which is what people have come to expect from the company. But then today we learned that EA's new Apex Legends Battle Royale game has 10 million users virtually over night and the stock screamed higher. What a roller coaster. I wonder if Activision Blizzard (ATVI) has something up its sleeve when it reports after the close. The company's stock which traded as high as $84 back in October, is now in the mid-$40s. I think that EA put a floor on the group today and ATVI could be a worthwhile speculation. 

Cannabis Will Cannibalize Beer

Don't be surprised about Constellation's (STZ) investment in Canopy Growth (CGC) , says Cramer.

"It's a hedge," he explained.

"When I first heard about cannabis, I said that it would disrupt beer," Cramer said. "Because beer is fattening and cannabis isn't."

"If we could get the same buzz from cannabis," legally, that we get from beer, it's a game changer, he continued.