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Consumer Sector Update for 11/14/2017: AAP,BWLD,NETS


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Top Consumer Stocks

WMT -0.30%

MCD +0.59%

DIS -1.38%

CVS -1.37%

KO +1.24%

Consumer stocks were mixed today, with shares of consumer staples companies in the S&P 500 extending their recent gains, rising more than 0.3% this afternoon, while shares of consumer discretionary firms in the S&P 500 were down less than 0.1%.

In company news, Advance Auto Parts ( AAP ) raced to a 25% gain on Tuesday, topping out at $102.89 a share, after the retailer Tuesday morning reported Q3 net income exceeding analysts' estimates.

Excluding one-time items, the company earned $1.43 per share during the three months ended Oct. 7, down from a non-GAAP profit of $1.73 per share during the year-ago period but still topping the Capital IQ consensus by $0.22 per share. Revenue declined 3.1% from the same quarter last year to $2.18 billion, lagging the analyst mean by around $30 million.

In other sector news,

(+) BWLD, (+23.6%) Reportedly receives $2.3 bln takeover bid from Roark Capital Group, offering more than $150 per share, according to the Wall Street Journal, citing people familiar with the matter.

(-) NETS, (-17.4%) Q3 net loss of $0.58 per share trails Street view by $0.12 per share. Revenue rises 11.4% over year-ago levels to $140.35 million, also missing the $147.3 million consensus.

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: AAP , BWLD , NETS


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