Consumer Stocks Still Mixed Near Close; 58.Com Ending First Day on Public Market with 50% Rise


Top Consumer Stocks

WMT +0.08%

MCD +0.47%

DIS +0.69%

CVS +0.39%

KO +0.32%

Consumer stocks are mixed with shares of consumer staples companies in the S&P 500 currently down about 0.2%. Shares of consumer discretionary firms in the S&P 500 are now up around 0.5%.

In company news, Chinese online marketplace Inc. ( WUBA ) is on track to finish its first day as a publicly traded company about 50% above where it started, with American depository shares up 52.3% at $26 apiece in late Thursday market action.

WUBA shares climbed as high as $27 each after the company earlier priced an initial public offering of 11 million ADS at $17.00 each, generating $187 million in gross proceeds. Underwriters also have 30-day options to buy up to 1.65 million additional ADS to cover possible overallotments.

Each ADS represents two class A ordinary shares of the company.

In other sector news,

(+) EXPE, Q3 adj. earnings of $1.43 per share top Capital IQ consensus by $0.07 per share. Revenue rises 16.9% over the same quarter last year to $1.4 bln, roughly in-line with analyst expectations for $1.38 bln.

(-) WTW, Suspends quarterly dividend, saying it expects Q4 revenue will fall by low double digits - matching analyst estimates looking for a 12% year over year drop. Q3 EPS beats by $0.24 per share. Revenue falls 8.5% to $393.9 mln, or $7.4 mln over Street.

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.

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

This article appears in: Investing , Commodities

Referenced Stocks: WUBA

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