Consumer Stocks Mostly Higher in Afternoon; Coty Tumbles After Warning of Slowing Q1 Growth

By Staff,

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Top Consumer Stocks

WMT +0.37%

MCD +0.46%

DIS +0.03%

CVS -0.06%

KO +0.10%

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 0.5%.

In company news, Coty Inc ( COTY ) 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 $0.01.

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: COTY

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