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


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Top Consumer Stocks

WMT +0.36%

MCD +0.69%

DIS -0.24%

CVS +1.10%

KO -0.20%

Consumer stocks were mostly higher this afternoon, with shares of consumer staples companies in the S&P 500 climbing about 0.2%, reversing an earlier retreat, while shares of consumer discretionary firms in the S&P 500 were adding nearly 0.7%.

In company news, American depository shares of JD.com ( JD ) climbed as much as 8% to a session high of $40.32 apiece after the Chinese ecommerce company early Monday issued an upbeat sales update on its 6.18 anniversary event, reporting a more than 50% increase since the start of June through June 18 compared with the same period last year.

Overall, the company logged more than $17.6 billion in sales and more than 700 million items sold. The sale offers discounts for different categories over a period of days, with all categories going on sale on June 18.

Some of the strongest categories for sales this year were those traditionally purchased by women, including fashion, luxury and maternal products, the company said.

In other sector news,

(+) BKE, (+0.9%) Warns customers a criminal entity hacked into the company's record-keeping system and accessed an undisclosed amount of customer credit card information following recent purchases at selected stores.

(-) W, (-3.0%) 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: JD , BKE , W


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