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

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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.

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This article appears in: Investing , Commodities

Referenced Stocks: SIRI

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