Top Consumer Stocks
Consumer stocks were higher with shares of consumer staples
companies in the S&P 500 adding 0.9%. Shares of consumer
discretionary firms in the S&P 500 were up 0.8%.
In company news, shares of SodaStream International Ltd. (
) are up more than 7% Tuesday afternoon, rising strongly for a
second day in a row after the home soft-drink dispenser yesterday
announced a new partnership with Skinnygirl to develop a new line
of low-calorie, naturally sweetened flavors.
Skinnygirl is a lifestyle brand created by talkshow host
Bethenny Frankel. The products are expected to be available by the
second half of 2014. Financial terms of the agreement were not
SODA shares were up 7.5% at $43.49 apiece in recent trade,
climbing as high as $43.90 a share during today's session following
a 7.7% gain on Monday. The stock has a 52-week range of $35.27 to
$77.80 a share, falling over 48% through yesterday's close since
the stock hitting an all-time high on June 10, 2013.
In other sector news,
(+) IRBT, (+15.5%) Climbs to new all-time high after the Patent
Board awards the company for having one of the top patent
portfolios in the consumer electronics industry, ranking IRBT fifth
(-) BNNY, (-9.9%) Fiscal Q3 EPS of $0.17 lag Wall Street
expectations by $0.02 per share. Revenue climbs 22% over same
quarter last year to $46.2 mln, topping consensus view by $400,000.
Trims outlook for FY14 earnings to $0.92 to $0.93 per share,
reflecting higher anticipated cost pressure in Q4.
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