Sector Update: Consumer Stocks Holding on to Small Gains; Isle of Capri Casinos Near 3-Year High as Deal Speculation Heats Up

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Top Consumer Stocks

WMT +0.48%

MCD -0.44%

DIS -0.07%

CVS +0.50%

KO -0.12%

Consumer stocks were slightly higher today with shares of consumer staples companies in the S&P 500 rising about 0.2%. Shares of consumer discretionary firms in the S&P 500 were ahead about 0.1%.

In company news, shares of Isle of Capri Casinos Inc. ( ISLE ) advanced to a three-year high Wednesday after analysts at Deutsche Bank today speculated Gaming and Leisure Properties ( GLPI ) could pay as much as a 78% premium for the gambling company over its closing share price last night.

In a new research note, the Deutsche analysts said GLPI could pay up to $15.82 a share for ISLE, or about $1.62 billion overall including debt. Deutsche also said a sale leaseback of selected ISLE properties are possible, although it believes outright sale seems more likely.

ISLE shares rallied to a high of $10.20 each earlier today, crossing $10 a share for the first time since January 2011, before easing into the current range around $9.90 a share, up 11%. Over the past 12 months, the stock has risen just over 25%.

GLPI recently was up 3% at $35.94 a share.

In other sector news,

(+) VITC, (+27.0%) Agrees to $280 mln buyout by Kroger ( R ), with VITC shareholders receiving $8 per share in cash for each share they now own.

(-) GPRO, (-10.3%) Falls for the first time in five sessions after Dougherty & Co. rates the company as a Buy with a $28 price target but analyst Charlie Anderson also cautions during TV interview its multiples already are "up there in the stratosphere."



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.

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This article appears in: Investing , Commodities

Referenced Stocks: ISLE , GLPI , R

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