Sector Update: Consumer Shares Mixed Pre-Bell

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Top Consumer Shares:

WMT: flat

MCD: -0.14%


DIS: flat

CVS: flat

KO: +0.31%

GE: +1.56%

Consumer shares are mixed in pre-bell trading. In earnings news, Big Lots, Inc. ( BIG ) reported Q2 2013 adjusted EPS of $0.31 versus consensus estimate of $0.24 on Capital IQ. Net sales totaled $1.2 billion, in line with analyst estimates.

For FY 2013, the company updated its estimated non-GAAP EPS to $2.80 - $3.05. Analysts are expecting $2.95. BIG is up 1% at $35.00 in pre-market trade.

And, General Electric ( GE ) rose 1.25% in pre-market trading to $23.40 after The Wall Street Journal reported that the group may spin off its retail lending and credit-card business in an initial public offering, possibly as early as in 2014. Citing unnamed people familiar with the matter, the newspaper said an outright sale of the unit is unlikely due to regulatory hurdles.

Finally, McDonald's ( MCD ) and Yum! Brands ( YUM ) are among the fast food stocks that are fairly quiet after yesterday's worker strike, in which workers protested low wages in more than 50 U.S. cities. Fast food stocks closed down a bit yesterday as the broader stock market noted gains.

McDonald's shares are down 0.14% at $94.73, having closed down 0.47%; Yum! Brands, which includes Taco Bell, are flat at $70.55, having closed down 0.3%.

Other fast food stocks that closed down yesterday include Burger King WorldWide ( BKW ), which is flat at $19.50, having closed down 0.86% Thursday.



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 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: BIG , BKW , GE , MCD , YUM

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