Top Consumer Shares:
Consumer shares are mixed in pre-bell trading. In earnings news,
Big Lots, Inc. (
) 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 (
) 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
Finally, McDonald's (
) and Yum! Brands (
) 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 (
), which is flat at $19.50, having closed down 0.86% Thursday.
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