Top Consumer Stocks
Consumer stocks are moderately higher, with shares of consumer
staple companies in the S&P 500 climbing 0.3% while shares of
consumer discretionary stocks in the S&P are advancing
In company news, Coty Inc (
) is down nearly 7% at $15.15 a share, just 3 cents above its new
52-week low that followed the beauty-products company's reporting
fiscal Q4 earnings of $0.03 per share, beating estimates by
Revenue also came in slightly above consensus, but COTY said it
sees revenue in the current quarter slipping marginally compared to
a year ago on top of a slow-down in market share in the U.S. and
Europe over the past few months.
In other sector news,
(+) DAL, (+0.2%) JPMorgan Chase raises the airline to Overweight
from Neutral, noting increasing margins.
(-) CAG, (-0.9%) JPMorgan Chase cuts its rating on the food
producer's shares to Neutral from Overweight, one day after the
company sold its Lightlife meatless product line.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.