Consumer Stocks Still Mixed Near Close; SiriusXM Hit With Downgrades After Q3 EPS Miss


Top Consumer Stocks

WMT -0.69%

MCD -0.06%

DIS -0.05%

CVS -1.37%

KO +0.34%

Consumer stocks are mixed with shares of consumer staples companies in the S&P 500 currently little changed while shares of consumer discretionary companies in the S&P 500 rising 0.4%.

In company news, SiriusXM Radio Inc. ( SIRI ) is down nearly 6% at $3.68 a share after the satellite radio service picked up a pair of analyst downgrades today after reporting Q3 net earnings of $0.01 per share, unchanged from the year-ago quarter and missing analyst forecasts for the period by $0.01 per share

Revenue also trailed analyst forecasts despite an 11% year over year advance.

The rating reductions today included a cut to Equal Equal Weight from Overweight at Evercore Partners and a downgrade to Neutral from Buy at Goldman Sachs.

In other sector news,

(+) CECO, Sells its European education properties to Apax Partners for around $276.5 mln in cash following certain adjustments prior to closing.

(-) WYNN, Q3 earnings of $1.84 per share top estimates by $0.18. Revenue climbs 7.1% over year-ago levels to $1.39 bln, topping the Capital IQ consensus by $20 mln.

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: SIRI

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