Top Consumer Stocks
Consumer stocks were mixed on Tuesday, with shares of consumer
staples companies in the S&P 500 declining around 0.2%, while
shares of consumer discretionary firms in the S&P 500 were
ahead nearly 1.2%.
In company news, shares of casino proprietors with operations in
Macau were rising Tuesday after local authorities reported another
large jump in gambling revenues during March compared to year-ago
Macau's Gaming Inspection and Coordination Bureau today said
casino visitors wagered a total of $4.57 billion last month, up
13.1% over the same period last year. Overall, revenues this year
are ahead 19.8% over the first three months of 2013 to $13.2
billion, the agency said.
Among Macau gaming companies, Melco Crown Entertainment Ltd (
) was turning in the best performance, rising over 5.5% in recent
trade to $40.79 per American depository share after an earlier
session high of $41.90, up 8.4%.
Other winners today include; MGM Resorts International (
), gaining around 2.5%; Wynn Resorts Ltd (
), up 2.4%; and Las Vegas Sands (
), adding 2.2% in mid-day trade.
In other sector news,
(+) LEE, (+2.0%) Refinances $800 mln of its long-term debt,
including a $250 million first-lien term loan paying LIBOR plus
6.25%, $400 mln in 9.5% senior secured notes due December 2022 and
a $150 mln 12% second-lien term loan.
(-) EVRY, (-7.5%) Posts surprise Q4 net loss of $14.3 mln, or
$0.70 per share, down from a $1.1 mln profit in the year-ago
period. Excluding items, it recorded a $0.05 per share loss,
trailing estimates looking for EPS of $0.31.
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