Top Consumer Stocks
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. (
) 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.
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