Sector Update: Consumer Shares Higher; Aeropostale up 8% on Buyout Report


Top Consumer Shares:

WMT: -0.10%

MCD: +0.45%

DIS: +0.31%

CVS: -0.23%

KO: +0.10%

GE: +0.41%

Consumer shares are firmly higher in pre-bell trading today.

In consumer sector news, General Motors ( GM ) forecasts modest global industry growth in 2014 driven by the United States, China and Europe.

Based on the outlook and the introduction of vehicles globally, the company expects its total earnings before interest and tax (EBIT) adjusted to be modestly improved.

And, Aeropostale ( ARO ) is up 8% in pre-market trading after it has reportedly approached PE firms about a possible sale, Bloomberg reports this morning.

Finally, PetSmart ( PETM ) was downgraded to Neutral from Buy at UBS. PETM is down 6% in pre-market trade.

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: ARO , GM , PETM

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