Top Consumer Shares:
Consumer shares are higher in pre-bell trading, joining with the
broader stock market rally on Larry Summers' withdrawing his name
from among the candidates for Fed Chief.
Sears Holdings Corporation (
) says it intends to obtain a senior secured term loan facility of
up to $1.0 billion.
If consummated, the Incremental Term Loan would be issued under
the Existing Credit Agreement, which currently provides for a
$3.275 billion asset-based revolving credit facility. The company
intends to use the net proceeds of the Incremental Term Loan to
reduce borrowings under the Revolving Facility.
And, Under Armour (
) shares are dipping slightly in pre-bell trade after Susquehanna
reportedly downgraded the stock to Neutral.
And Tesla (
) shares are up about 2% in pre-market after Global Equities issued
a favourable report on the company's patent applications and
reiterated an Overweight rating, Seeking Alpha reports.
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