Consumer Sector Update for 06/16/2017: BEBE,WFM,AMZN,CALM,KR

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Top Consumer Stocks

WMT -4.36%

MCD +0.77%

DIS -0.63%

CVS -4.20%

KO -0.22%

Consumer stocks were giving back some of their gains from earlier this week, with shares of consumer staples companies in the S&P 500 dropping more than 1.3% while shares of consumer discretionary firms in the S&P 500 were slipping nearly 0.2%.

In company news, shares of bebe stores ( BEBE ) were continuing to drift lower Friday , falling almost 3% in recent trading as the women's apparel retailer receives little apparent help from a new partnership with Global Brands Group Holding to relaunch its recently retooled digital sales platform along with global its store locations to meet heightened shopping expectations.

In other sector news,

(+) WFM, (+28.6%) Agrees to $13.7 bln buyout offer from Amazon ( AMZN ), which pay $42 in cash for each Whole Foods share, representing a 27% premium to Thursday's closing price.

(-) CALM, (-5.0%) Cut to Sell from Neutral at Goldman Sachs, which also today lowered its investment call for Kroger ( KR ) to Neutral from Buy in another downgrade.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Business , Commodities
Referenced Symbols: BEBE , AMZN , KR , CALM

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