Consumer Sector Update for 06/19/2017: BWLD,JD,W


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Top Consumer Stocks

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Consumer stocks rose Monday, with shares of consumer staples companies in the S&P 500 advancing over 0.4%, reversing earlier declines while shares of consumer discretionary firms in the S&P 500 added nearly 0.8% in value today.

In company news, Buffalo Wild Wings ( BWLD ) still was lower in late Monday trading and the ribs eatery chain today saying it was putting up several dozen of its company-owned restaurant locations for sale as part of its previously disclosed portfolio optimization process.

The company has selected up to 83 restaurants in Canada, Pennsylvania and Texas in addition to locations in the northeastern United States and Washington, D.C., for refranchising. It also hired The Cypress Group, a restaurant and franchise investment banking firm, to manage the project.

In other sector news,

(+) JD, Issues upbeat sales update on its 6/18 anniversary event, including an over 50% increase in sales between June 1 through yesterday compared with the same period last year to $17.6 billion.

(-) W, Maxim Group downgrade to Hold from Buy.

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: BWLD , JD , W


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