Consumer Stocks Outpacing Market Declines; Coast Distribution Hits Fresh 52 Week Highs After Q2 EPS, Sales Grow Over Last Year

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Top Consumer Stocks,

WMT -0.65%

MCD -0.55%

DIS -0.3%

CVS -0.9%

KO -0.5%

Consumer stocks are most lower today with shares of consumer staple companies in the S&P 500 sinking 0.6%. Shares of consumer discretionary stocks in the S&P are 0.9% lower.

In company news, Coast Distribution System Inc. ( CRV ) is up near 17% and has posted new 52 week highs after today reporting GAAP net income of $0.23 per share, up from $0.11 during the same quarter last year.

Net sales increased 4.3% over the year-ago period to $35.6 million, with the auto-parts wholesaler saying it benefited from improving economic conditions and rising consumer confidence.

In other sector news,

(+) TMHC, (-8.8%, hit fresh 52 week lows) Homebuilder posts Q2 earnings of $0.27 per share, ex items, beating estimates by $0.11. Revenue climbs 59.8% over year-ago levels to $508.86 mln, surpassing Street view by $19.7 mln.

(-) SEAS, (-4%, but $2 above day lows) Reports Q2 earnings of $0.41 per share, ex items, trailing estimates by $0.06. Revenues slides 3.4% from the same quarter last year to $411.3 mln, also missing the consensus by $23.2 mln. Lowers FY13 revenue guidance by $10 mln, trailing consensus view.



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

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This article appears in: Investing , Commodities

Referenced Stocks: CRV

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