Sector Update: Consumer Shares Flat to Higher; Newly Formed American Airlines Group Started with Equalweight at Barclays


Top Consumer Shares:

WMT: flat

MCD: +0.16%

DIS: flat

CVS: +0.16%

KO: flat

GE: +0.30%

Consumer shares are flat to higher in pre-bell trading today.

In consumer sector news, Sanderson Farms ( SAFM ) reports net sales for Q4 2013 were $727.1 million compared with $648.4 million for the same period a year ago.

For the quarter, the company reported net income of $45.3 million, or $1.97 per share, compared with net income of $9.3 million, or $0.41 per share, for Q4 2012.

Analysts expected $2.28 per share on $717 million in revenue, according to Capital IQ estimates.

And, shares of Herbalife Ltd. ( HLF ) edged up pre-market today, after Janney Capital Markets raised its fair-value estimate on the seller of nutritional and personal-care products to $85 from $79, citing the removal of a "key uncertainty" after the company late Monday released the results of a re-audit of financial statements showing no new errors were found.

Finally, analysts at Barclays have reinstated coverage of American Airlines Group Inc. ( AAL ) with an Equalweight rating and a $30 price target.

In pre-market trading, shares of AAL are down 0.04% to $26.06, moving within a narrow 52-week frame of $23.45 - $27.20, having just started trading with that ticker Dec. 10 following a merger between U.S. Airways Group and American Airlines.

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: AAL , HLF , SAFM

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