Consumer Stocks Lifted Higher in Market Rebound; Jack in the Box Bounces to 3% Gain Following Q3 Results

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Top Consumer Stocks,

WMT -0.12%

MCD -0.20%

DIS -0.05%

CVS +0.47%

KO +0.20%

Consumer stocks are higher this afternoon with shares of consumer staples companies in the S&P 500 adding 0.6%. Shares of consumer discretionary firms in the S&P 500 are ahead about 0.8%.

In company news, Jack in the Box Inc. ( JACK ) is up slightly more than 3% in late trade at $41.73 a share, climbing as high as $41.91 today after reporting Q3 non-GAAP earnings of $0.41 per share, topping analyst expectations by $0.03.

Total Sales of $350.33 million missed forecasts by $12.11 million.

The drive-through restaurant chain also sees FY13 per-share earnings from continuing operations of $1.72 to $1.78, excluding restructuring costs and gains from refranchising.

In other sector news,

(+) JCP, CNBC reports the retailer has begun a search for a new CEO to replace Mike Ullman, who took back the reins in April after Ron Johnson was bounced after only 17 months on the job.

(-) CECO, Reverses big after-market advance, closing lower today despite per-share Q2 net loss that beat Street view by $0.06. Revenue slid 19.4% year but also topped analyst estimates.

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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