Top Consumer Stocks
Consumer stocks were mostly higher in late trade Thursday
afternoon with shares of consumer staples companies in the S&P
500 rising about 0.3%. Shares of consumer discretionary firms in
the S&P 500 were up more than 0.6%.
In company news, Amazon (
) shares were finishing with strong gains Thursday on continued
speculation the online retailer will unveil a smartphone with 3D
technology at a June 18 event planned by the company at its Seattle
AMZN today sent out invitations to the event, offering no
details other the time and place and only fueling more media and
industry speculation. In an interview with Marketwatch, Enderle
Group analyst Rob Enderle said he believes the upcoming smartphone
will have a 3-D screen that "will allow you to basically have
multiple virtual panels you can see into the device."
An Amazon spokeswoman declined comment when contacted by the
AMZN shares were ahead just under 6% at $324.90 in late
afternoon trade, earlier advancing to a session high of $327.94 a
share. The stock has a 52-week range of $264.21 to $408.06 a share,
rising 22.2% over the past 12 months.
In other sector news,
(+) VNCE, Q1 EPS of $0.04 beats by $0.03 per share. Revenue
rises 32.4% year over year to $53.5 mln, topping the Capital IQ
consensus by $4.73 mln. Raises FY15 EPS outlook by $0.03 to $0.88
to $0.92 a share, in-line with $0.88 Street view.
(-) RAD, Cuts FY15 EPS outlook by $0.01 to a new range of $0.30
to $0.40 per share, still in-line with $0.39 analyst consensus.
Also said adjusted Q1 earnings will trail its $0.09 profit last
year. Street is expecting $0.08 per share in Q1.
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