Moderate Gains For Consumer Stocks In Today's Market; Kroger Acquires Digital Coupon, Promotions Firm


Top Consumer Stocks

WMT +1.40%

MCD +0.47%

DIS +0.96%

CVS +2.82%

KO +0.21%

Consumer stocks were higher with shares of consumer staples companies in the S&P 500 adding 1.1%. Shares of consumer discretionary firms in the S&P 500 were up 0.8%.

In company news, shares of The Kroger Co. ( KR ) were up more than 2% shortly before the closing bell Tuesday and the grocery store chain today announcing a deal to acquire a digital coupon and promotions company.

Financial terms of the transaction for privately held YOU Technology Brand Services Inc were not disclosed. YOU Tech will continue to serve existing and future retail customers in addition to KR promotions.

KR shares were up 2.1% at $36.94 each in recent trade, just a penny off its intra-day high. The stock has a 52-week range of $27.64 to 43.85 a share.

In other sector news,

(+) IRBT, Climbs to new all-time high after the Patent Board awards the company for having one of the top patent portfolios in the consumer electronics industry, ranking IRBT fifth overall.

(-) BNNY, Fiscal Q3 EPS of $0.17 lag Wall Street expectations by $0.02 per share. Revenue climbs 22% over same quarter last year to $46.2 mln, topping consensus view by $400,000. Trims outlook for FY14 earnings to $0.92 to $0.93 per share, reflecting higher anticipated cost pressure in Q4.

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: KR

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As of 7/10/2014, 04:04 PM