Sector Update: Consumer

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Consumer stocks are narrowly mixed this afternoon with shares of consumer staples companies in the S&P 500 slipping about 0.2% while shares of consumer discretionary firms in the S&P 500 are ahead 0.2%.

In company news, Wynn Resorts ( WYN ) is up slightly more than 1% at $165.82 a share, moving to its best levels of the session after saying it is dropping efforts to open a casino in Philadelphia, stating it will instead pursue business opportunities elsewhere.

Among the factors, the resort and casino company cited was rising regional competition, including a vote last week in New York authorizing up to six new casinos throughout the state other than New York City.

In other sector news,

(+) ABFS, Reports EPS, ex items, of $0.54 with an 8% increase in year over year revenue to $623.4 mln. Analysts were expecting the trucking company to earn $0.36 per share on $605.98 mln in revenue.

(-) WLH, Reverses $0.12 year-ago net loss with $0.24-per-share Q3 profit but still lags Wall Street expectations by $0.01. Total operating revenue rose 96.8% over the same quarter last year to $150.8 mln, beating analyst estimates by $9.4 mln.



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This article appears in: Investing , Commodities

Referenced Stocks: WYN

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