Sector Update: Consumer Shares Heavy Mid-Day; Tesla Sinks 5% Ahead of Earnings

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Top Consumer Shares:

WMT: +0.09%

MCD: -0.23%

DIS: -2.83%

CVS: -1.82%

KO: -0.45%

GE: -0.56%

Consumer shares are lower in midday trading. In stocks news so far this morning, Wendy's ( WEN ) shares are 5% higher at $7.80 after Jefferies' analyst note said the restaurant's pretzel bacon cheeseburger is likely to boost Q3 same store sales.

And Tesla ( TSLA ) shares are down 5% at $134.45 ahead of its earnings, which are scheduled to be released tomorrow. Tesla reported a profit for the first time last quarter, but analysts expect a roughly $0.20 per share loss for Q2.

And Ralph Lauren ( RL ) is holding down 6% from its pre-bell losses. The retailer reported Q1 sales of $1.7 billion top estimates for $1.65 billion and Q1 EPS of $1.94 meets expectations. It expects fiscal 2014 sales now to rise 4% to 7% from a year prior.



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This article appears in: Investing , Commodities

Referenced Stocks: RL , TSLA , WEN

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